Lahontan to Begin Base-LINE Environmental Studies at Santa Fe
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN TO BEGIN BASE-LINE ENVIRONMENTAL STUDIES AT SANTA FE
TORONTO, ON, April 12, 2023 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that it will commence base-line environmental studies
at its Flagship Santa Fe Mine in the heart of Nevada’s prolific Walker Lane. The base-line studies will be
utilized in the Company’s Plan of Operations (“POO”) submittal to the Bureau of Land Management
(“BLM”) which, when approved, will allow Lahontan to conduct exploration activities including road
building and drilling, in a 12.2 km2 area within the Mine area. Furthermore, the base-line environmental
data can be used in future submissions should the Company elect to put the Santa Fe Mine back in to
production, greatly streamlining that process. Lahontan will continue its current resource expansion drilling
program under an approved Notice of Intent (“NOI”), with the goal of an updated Mineral Resource
Estimate (“MRI”) by year-end.
Kimberly Ann, Lahontan Gold Founder, CEO, President, and Director commented: “The Company is
excited to begin these crucial environmental studies which will not only facilitate far more widespread
exploration drilling throughout the majority of the Santa Fe Mine property, but very importantly, these
studies can also be utilized to obtain permits to bring Santa Fe back into production if Lahontan elects to
pursue that path. As we have noted, Santa Fe is a target-rich environment; we believe that there are multiple
excellent exploration targets external to our current Resources that could change the narrative about Santa
Fe underscoring the multi-million ounce potential of the property.”
Lahontan Gold has signed a contract with Great Basin Environmental Services, LLC (“GBES”) to advise
and act as permitting agent for the preparation of a Plan of Operations for the Santa Fe Mine. GBES will
coordinate with government oversight agencies and obtain proposals from multiple environmental
contractors to complete the work. The POO will allow the Company more surface disturbance on the
property, allowing Lahontan to continue expanding the current Resources. Furthermore, it will allow the
Company to drill exploration targets more distal to known Resources, unlocking the full potential of the
property.
The POO will cover 12.2 km2 of the 19 km2 Santa Fe Mine property. Environmental baseline studies will
be conducted that will lead to an Environmental Assessment document. Biological studies will include
botanical surveys, raptor surveys, migratory bird surveys, and potentially, bat roost surveys. Cultural
resources will be surveyed and documented. These studies will guide how the exploration disturbance will
proceed. Currently, Lahontan is operating under a NOI level permit allowing for up to five acres of
disturbance within the 19 km2 property. Lahontan will continue resource expansion drilling under the NOI
permit until the POO is completed and approved.
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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
(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 continue 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
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
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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