Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is accelerating development at its Santa Fe Mine project in Nevada’s Walker Lane, moving beyond exploration with the mobilization of a second drill rig following approval of its exploration Plan of Operations. The approval grants access to over 700 new drill locations across the company’s Nevada land package, a significant step as junior mining capital tightens and investors demand tangible progress such as permitting visibility, infrastructure, and a clear pathway to production.
The Santa Fe Mine is not a conceptual exploration target; it is a past producer that yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 through open pit mining and heap-leach processing. The project now boasts a defined NI 43-101 resource base and a development pathway management has publicly outlined. Recent cyanide extractable analyses from the 2025 reverse-circulation program at West Santa Fe averaged 81% gold and 60% silver recoveries, supporting the project’s heap-leach processing thesis.
This combination of past production history, active permits, proven metallurgy, and a 28.3 km² land package positions Lahontan Gold favorably in a market where exploration stories that once attracted financing on geological thesis alone are now being scrutinized. The company fits a profile that is closer to production than many peers, offering a realistic pathway toward development.
For more information on Lahontan Gold Corp., visit the company’s newsroom at ibn.fm/LGCXF. This news is disseminated on behalf of Lahontan Gold Corp. and may include paid advertising.
