FAQ: Lahontan Gold Corp.'s Santa Fe Mine Project Environmental Assessment and Development

What is the main announcement regarding Lahontan Gold Corp.’s Santa Fe Mine Project?

The Federal Bureau of Land Management has deemed Lahontan Gold Corp.’s Exploration Plan of Operations complete, allowing the Santa Fe Mine Project to advance into full environmental assessment under the National Environmental Protection Act (NEPA).

Why is this environmental assessment milestone significant for the project?

This determination confirms completion of all baseline biological, cultural and historical studies, which can also support future mine planning and enables the project to progress toward final approval and drilling operations.

What is the scope of the exploration plan for the Santa Fe Mine Project?

The plan provides for exploration across 12 square kilometers with more than 700 drill sites, allowing for comprehensive assessment of the mineral resources.

When is the NEPA process expected to be completed and what happens next?

Lahontan anticipates completing the NEPA process and receiving final approval of the plan in Q4 2025, enabling a robust drilling campaign in 2026.

Where is the Santa Fe Mine Project located and what is its mining history?

The Santa Fe Mine Project is located in the Walker Lane of Nevada and 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.

What are the current mineral resources at the Santa Fe Mine Project?

The project has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained, with detailed grading information available in the technical report.

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

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.

Where can investors find more information about Lahontan Gold Corp. and this project?

For more information, visit the company’s website at www.lahontangoldcorp.com or access the latest news and updates at http://ibn.fm/LGCXF. The full press release is available at https://ibn.fm/CR2Bb.