FAQ: Lahontan Gold Corp.'s Santa Fe Mine Restart and Strategic Development

What is Lahontan Gold Corp.’s competitive advantage with the Santa Fe Mine?

Lahontan Gold Corp. controls an asset with demonstrated production capabilities rather than theoretical potential, as the Santa Fe Mine successfully produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995 using low-cost open-pit mining and heap leach processing.

Why did the Santa Fe Mine close in 1995, and why is it viable for restart now?

The mine closed in 1995 purely due to economics when gold prices were $340 per ounce, making operations uneconomical. It is viable for restart now because substantial mineralization was left in the ground, and current gold prices and economics support renewed operations.

When does Lahontan Gold Corp. plan to break ground on the Santa Fe Mine restart?

The company plans to break ground in early 2027, if not sooner, as they are deep in the permitting process which started about two and a half years ago to ensure responsible development.

What are the mineral resources at the Santa Fe Mine according to NI 43-101 standards?

The Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained, as per the NI 43-101 compliant technical report.

Where is the Santa Fe Mine located, and what is its size?

The Santa Fe Mine is located in the Walker Lane of mining-friendly Nevada, USA, and covers 26.4 km². It is part of Lahontan Gold Corp.’s portfolio of four gold and silver exploration properties in the region.

Who is leading Lahontan Gold Corp., and what is their approach to the restart?

CEO Kimberly Ann is leading the company, emphasizing a responsible and fast-tracked approach to permitting and development, with the goal of breaking ground by early 2027 or sooner.

How can investors get more information about Lahontan Gold Corp. and its projects?

Investors can visit the company’s website at https://lahontangoldcorp.com/ or access the latest news and updates at http://ibn.fm/LGCXF. The full technical report is available on the company’s website and SEDAR+.

What are Lahontan Gold Corp.’s plans for 2025 regarding the Santa Fe Mine project?

In 2025, the company plans to continue advancing the Santa Fe Mine project towards production, update the Preliminary Economic Assessment, and drill test its satellite West Santa Fe project.