Lahontan Gold Launches 2025 Exploration Program at Nevada's Santa Fe Mine

Lahontan Gold Corp. has commenced its 2025 drilling program at the Santa Fe Mine project located in Nevada's Walker Lane region. The company has strategically positioned a reverse-circulation drill rig and support equipment to begin exploration activities targeting the Slab target area. The initial drilling phase will first focus on patented claims, with plans to expand onto Bureau of Land Management administered land pending regulatory approval.

The primary objectives of this program include expanding known gold and silver resources at the Slab and York targets while collecting additional sample material for comprehensive metallurgical testing. The Santa Fe Mine project has a significant historical production record, having previously yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing.

Current mineral resource estimates indicate an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. Exploration results are anticipated within four to six weeks, with initial assay results expected to provide insights into the potential expansion of the project's mineral resources. This drilling program represents a critical step in Lahontan Gold's strategy to advance the Santa Fe Mine project towards potential future production.

The significance of this drilling initiative extends beyond immediate resource expansion, as successful results could potentially enhance the economic viability of the Santa Fe Mine project and contribute to Nevada's established mining industry. The project's location in the mineral-rich Walker Lane region positions it within a historically productive mining district, adding strategic importance to the exploration outcomes. The comprehensive approach combining resource expansion with metallurgical testing demonstrates a methodical advancement strategy for the property.

The timing of this program coincides with ongoing interest in gold exploration projects in established mining jurisdictions like Nevada, where infrastructure and regulatory frameworks support efficient project development. The anticipated assay results will provide critical data for evaluating the project's progression and potential contribution to domestic mineral production. This systematic exploration approach reflects the company's commitment to thorough technical evaluation before advancing to development decisions.