Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is making strides toward resuming production at its flagship Santa Fe Mine project in Nevada's Walker Lane, with a targeted return to production in 2027. The company controls four gold and silver properties in the region through its U.S. subsidiaries, but Santa Fe stands out as a past-producing asset with a history of significant output. Between 1988 and 1995, the open-pit heap-leach operation produced approximately 359,202 ounces of gold and 702,067 ounces of silver, during a period when gold prices were a fraction of today's levels.
Today, the 28.3-square-kilometer property hosts an indicated mineral resource of 1.539 million ounces of gold, with further expansion drilling planned this year alongside an updated Preliminary Economic Assessment (PEA). The company's strategy focuses on unlocking oxide gold and silver value from infrastructure-rich projects, positioning Santa Fe as a near-term production opportunity rather than an early-stage exploration story.
According to a recent article highlighting the company's progress, "Santa Fe is not an early-stage conceptual exploration story." The article notes that the project already has substantial resources and a clear path to production, with management targeting a 2027 restart. The company plans to conduct expansion drilling in 2025 to further grow the resource base, while the updated PEA will provide a detailed economic framework for the project's development.
Lahontan Gold's assets are located in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions. Through its U.S. subsidiaries, the company controls four properties, three of which are 100%-owned, with the fourth controlled via a low-cost option to acquire full ownership. The company's focus on past-producing, infrastructure-rich projects reduces development risk and accelerates the timeline to production.
For more information on Lahontan Gold Corp., visit the company's website at www.LahontanGoldCorp.com. The latest news and updates relating to LGCXF are available in the company's newsroom at https://ibn.fm/LGCXF.
