Lahontan Gold Corp. announced the appointment of Antony Rowe and Miranda Werstiuk as independent directors to the company's board of directors. Josh Serfass and Max Pluss have stepped down from the board concurrently. This leadership update occurs as the company advances its business strategy and progresses the Santa Fe Mine project toward gold and silver production. Management indicated that the refreshed board brings experience in mine development and mining finance to help guide Lahontan through its transition from mine developer to mine builder.
The company holds four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada through its US subsidiaries. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces 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 and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained. The technical content of the news release and the company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.
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. The full technical report, "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project," is available on the company's website and SEDAR+. Mineral resources are reported using specific cut-off grades and assumptions including a gold price of US$1,950/oz and silver price of US$23.50/oz. This board restructuring represents a strategic move as Lahontan positions itself for the next phase of development at its key Nevada properties. The appointments signal the company's focus on operational execution and financial management as it works to bring the Santa Fe Mine back into production. For more information, please visit the company's website at https://www.lahontangoldcorp.com.
