Lahontan Recieves Permits FOR 2023 Drilling Campaign at Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN RECIEVES PERMITS FOR 2023 DRILLING CAMPAIGN AT SANTA FE
TORONTO, ON, May 2, 2023 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the "Company"
or "Lahontan") is pleased to announce that it has received its permit for the 2023 drilling campaign at its
flagship Santa Fe Mine located in Nevada’s prolific Walker Lane. The United States Department of the
Interior’s Bureau of Land Management (“BLM”) approved an amendment to the Company’s previously
approved Notice of Intent to Operate which will allow the Company to drill up to 11,000 metres at the Santa
Fe Mine. The objective of this drilling campaign is to expand known shallow oxide gold and silver
resources at Santa Fe, targeting an updated Mineral Resource Estimate by year-end 2023.
Kimberly Ann, Lahontan Gold Founder, CEO, President, and Director commented: “The Company
appreciates working with the Nevada office of the BLM and the positive permitting environment in the
state of Nevada as a whole. We are excited to begin our 2023 drilling program at Santa Fe and expect to
announce mobilization of drilling crews shortly. Lahontan continues to plan additional exploration at our
other projects while simultaneously evaluating acquisition opportunities that can provide accretive to
growth for the Company.”
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries,
three top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
Lahontan’s flagship property, the 19 km2 Santa Fe Mine, had past production of 345,000 ounces of gold
and 711,000 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing
(Nevada Bureau of Mines and Geology, 1995). The Santa Fe Mine has an Indicated Mineral Resource of
1,112,000 oz Au Eq (grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq
(grading 1.00 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project
Technical Report available on SEDAR or the Company’s website). The Company will contin ue to
aggressively explore Santa Fe during 2023 and begin the process of evaluating development scenarios to
bring the Santa Fe Mine back into production. Quentin J. Browne, P.Geo., Consulting Geologist to
Lahontan Gold Corp., is the Qualified Person for the Company and approved the technical content of this
news release. For more information, please visit our website: www.lahontangoldcorp.com
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for statements of historic fact, this news release contains certain "forward-looking information" within the
meaning of applicable securities law. Forward-looking information is frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and
estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from those anticipated in the forward-looking statements
including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There
are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The
Company undertakes no obligation to update forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance
on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial
results is contained in the Company’s filings with Canadian securities regulators, which filings are available at
www.sedar.com