Lahontan Submits Notice of Intent FOR Additional Drilling at Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN SUBMITS NOTICE OF INTENT FOR ADDITIONAL DRILLING AT
SANTA FE
Toronto Ontario, May 6, 2025 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that it has submitted an amended Notice of Intent
(“NOI”) to the Federal Bureau of Land Management (“BLM”) for additional exploration and resource
definition drilling at its Santa Fe Mine project located in Nevada’s prolific Walker Lane gold belt. The
NOI proposes eight additional drill sites from which multiple drill holes can be completed. The amended
NOI provides planning flexibility for the upcoming drill program, adding additional sites to those already
permitted. The Company expects approval of the NOI shortly.
Ms. Kimberly Ann, Lahontan Gold Executive Chair, President, CEO, and Founder commented: “Lahontan
is eager to begin its 2025 exploration and resource definition drilling program at Santa Fe. Our geologic
team has identified several areas in the Slab and York resource areas where carefully targeted drilling can
add geologic data and also provide material for additional metallurgical test work. The Company expects
to mobilize a drill rig soon after we receive approval of the NOI from the BLM”.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of
mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past
production of 359,202 ounces of gold and 702,067ounces of silver between 1988 and 1995 from open pit
mines utilizing heap-leach processing*. The Santa Fe Mine has a Canadian National Instrument 43-101
compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred
Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive
of recovery, please see Santa Fe Project Technical Report*). The Company plans to continue advancing
the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment,
and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website:
www.lahontangoldcorp.com
* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P.
Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM;
Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website
and SEDAR+.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
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Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical 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",
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"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