Lahontan Gold

lahontan gold_300x200

Primary tickers: TSXV:LG, OTCQB:LGCXF
Stage of development: Exploration
Primary minerals: Gold, Silver
Projects to promote: Santa Fe, West Santa Fe, Moho, Redlich
Project location: Nevada, USA
Website: lahontangoldcorp.com

Corporate presentation: Click here

Lahontan Gold is a Canadian mine development and mineral exploration company holding four prime gold and silver properties in Nevada’s Walker Lane, led by an experienced team with a proven track record.
 
Its flagship, the 26.4 km² Santa Fe Mine, is a past-producing open-pit gold and silver mine with a Mineral Resource Estimate of 1,539,000 ounces Au Eq and 411,000 ounces inferred. Lahontan’s West Santa Fe, Moho, and Redlich Silver projects are drill ready and offer strong exploration potential.
 
A Preliminary Economic Assessment (PEA) for Santa Fe is expected by late 2024, and the company is advancing project planning, permitting, and mine design. Lahontan is on the path to transition from exploration to development, aiming to bring the Santa Fe Mine back into production.
 
 

 

Cash: CAD1.3M

Debt: NIL

 

Major shareholders:

Institutional and High Net Worth – 54%

Retail – 40%

Financials

Management Profile

Kimberly Ann – Founder, CEO, Executive Chair, President & Director

 

Ms. Kimberly Ann is a mining executive who has founded multiple Junior Mining companies and served in a variety of senior executive positions including CEO, President, CFO and Board Member. In the past twelve years, Kimberly Ann has raised over $210M in project financing and collaborated on three Junior Mining M&A projects. While at Prodigy Gold, Kimberly Ann was responsible for all aspects of the company’s corporate communication program, facilitating equity financings, generating analyst coverage, participating in key aspects of corporate M&A leading to the $340M buyout of Prodigy by Argonaut Gold. Kimberly was CFO and VP Corporate Development at PPX Mining Corp, successfully bringing the high-grade Callanquitas gold-silver underground mine into production in Northern Peru.  In 2017, Kimberly founded Latin America Resource Group (“LARG”), building Jasperoide from two small concessions into a 57 square kilometre strategic project in the heart of Peru’s most prolific copper-gold mineralized belt. In 2020, LARG merged with Carube Copper Corp. to create C3 Metals Inc., setting the stage for value creation throughout C3’s project portfolio. Kimberly is also the Managing Partner of KA Gold LLC, a private company with a portfolio of advanced gold-silver exploration projects in Nevada. Kimberly attended the University of Washington, majoring in Business and Marketing.

Brian Maher – Founder, VP Exploration

 

Brian J. Maher is an economic geologist with over 45 years of experience in the international mining and exploration industry. Prior to Lahontan, Brian was the President, CEO and Director of Prodigy Gold Inc. where he guided the company through a period of expansive growth, exploring and developing the 6.6M ounce Magino gold deposit in northern Ontario, culminating in the $341M acquisition of Prodigy Gold by Argonaut Gold in 2012. In 1982, Brian began a 16-year career with ASARCO Inc. exploring for gold and copper deposits in a variety of geologic environments throughout North and South America. From 1998 and 2004, Brian was Project Manager for Metallic Ventures Gold Inc., supervising underground and surface exploration, mine development and operations at an underground gold mine in Nevada. In 2005, Brian joined Hochschild Mining PLC and was involved in all aspects of the company’s North American exploration program, serving as the Exploration Manager for the US, Canada and Mexico. From 2013 to 2022, Brian was the President and CEO of PPX Mining, developing, and operating a high-grade underground gold and silver mine in northern Peru. Brian is also the Managing Partner of KA Gold LLC, a private company with a portfolio of advanced gold-silver exploration projects in Nevada. Brian received his BA degree (Geology) from the California State University, Chico in 1980 and his MSc. degree (Economic Geology) from Colorado State University in 1983.

What is your rationale for taking part in 121 Mining Investment?

Lahontan Gold is joining 121 Mining Investment in order to broaden the scope of our investor outreach and raise awareness of our projects. With the updated MRE and soon to be completed PEA, Lahontan is progressing towards its goal to bring the Santa Fe Mine back into production.

What recent news would you like to highlight to investors attending?

October 15, 2024 – Lahontan Announces Increase in Mineral Resources at Santa Fe: 1,539,000 Au Eq oz Indicated, and 411,000 Au Eq oz Inferred
 
September 5, 2024 – Lahontan Reports CN-Soluble Gold Up to 91.5% at Calvada, 91.0% at York and 86.7% at Slab; Preg Robbing Potential Very Low
 
August 27, 2024 – Lahontan Drills 49 Metres Grading 0.51 g/t Au Eq incl. 7.6 Metres Grading 1.16 g/t Au Eq at Santa Fe

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Complete the Santa Fe PEA
To have all Cultural & Biological Reports under review with BLM
Expect BLM Approval for POO

Complete Santa Fe PEA

All Cultural & Biological Reports under review with BLM 

Expect BLM Approval for POO

6 Months:

 

NEPA process begins for POO

Submit Mine Plan of Operation 

12 Months:

 

Complete Air, Water, Waste Rock Chemistry

Public Comment Period 

Full Permit Approval Expected 2026 

What are the top 3 key investor takeaways?

– District scale 51-square-kilometer land package in the highly regarded Walker Lane district in Nevada, one of the world’s top regions for exploration and development.
– Gold and silver mineral inventory remains open and unconstrained by both drilling and geological factors. The updated Mineral Resource Estimate significantly increased project-wide pit constrained resources and demonstrated potential for further resource growth.
– Historic mining underscores the potential for massive upside.