Lahontan Gold Corp


Primary ticker: TSXV:LG
Stage of development: Exploration
Primary minerals: Gold, Silver
Projects to promote: Santa Fe, Moho, Redlich
Project location: Nevada, USA
Corporate presentation: Click here

Lahontan Gold Corp (LG) controls three gold and silver exploration projects in the heart of Nevada’s prolific Walker Lane. Our flagship asset, the 100% controlled 19.1 km2 Santa Fe Mine, has past production of 345,000 ounces of gold and 710,000 ounces of silver from shallow, oxidized precious metal mineralization utilizing open pit mining and heap-leach processing. On January 17 2023, the Company announced a maiden Mineral Resource Estimate (“MRE”) for Santa Fe based upon 1,275 drill holes totaling 125,435 metres, including 50 drill holes totaling 13,118 metres drilled by Lahontan since 2021.

Highlights of the MRE include:

  • Project-wide pit constrained Indicated Mineral Resources of 1,112,000 contained gold equivalent (“Au Eq”) ounces and Inferred Mineral Resources of 544,000 contained Au Eq ounces

  • Project-wide average grade for the Indicated Mineral Resource is 14 g/t Au Eq; the average grade of the Project-wide Inferred Mineral Resource is 1.00 g/t Au Eq

  • Indicated Oxide Resources total 21.6 Mt grading 1.03 g/t Au Eq for 712,000 Au Eq ounces and Inferred Oxide Resources total 11.1 Mt grading 0.73 g/t Au Eq for 262,000 Au Eq ounces

The MRE is constrained by conceptual pit shells and the block model shows that gold and silver mineralization extends well beyond the pit shells, generating high-quality targets for additional drilling and resource growth. Within the pits, gold and silver deposits crop out at the surface providing opportunities for rapid, low-cost mining operations (Please see LG new release dated January 17, 2023, for details on the Santa Fe MRE).

Lahontan believes the Santa Fe Mine has the potential to host a multi million-ounce oxide gold deposit. In 2023, LG will continue an integrated program of surface sampling, geologic mapping, metallurgical test work, reverse-circulation, and core drilling. The goal of this program is to expand the oxide resource and provide a MRE update later this year. Our other projects, the high-grade Moho Project and the Redlich Silver Project, are drill- ready and have the potential to add additional gold and silver resources.

Cash: CAD3.3M

Major shareholders:
Victoria Gold Corp – 38%
KA Gold – 10%
Retail – 32%
Institutional – 20%

Management Profile

Kimberly Ann – Founder, CEO, 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.

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

We are looking to raise awareness of our projects.

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

12 April 2023 – Lahontan Gold To Begin Base-Line Environmental Studies At Santa Fe

13 March 2023 – Lahontan Gold Appoints Brian Maher Vice President – Exploration

8 March 2023 – Lahontan Gold Announces Closing of Non-Brokered Private Placement of Units

3 March 2023 – Lahontan Gold Announces Filing of Santa Fe Technical Report

28 February 2023 – Lahontan Gold Announces Closing of Upsized Brokered Private Placement of Units

14 February 2023 – Lahontan Gold Announces Upsize to Private Placement of Units

8 February 2023 – Lahontan Gold Announces $1.5 Million Private Placement of Units

31 January 2023 – Lahontan Gold Begins Met Testing at Santa Fe

17 January 2023 – Lahontan Announces 1,112,000 oz Indicated and 544,000 oz Inferred Au Eq Maiden Mineral Resource Estimate At Santa Fe

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Continued drilling and metallurgical testing at Santa Fe

6 Months:

Aggressively explore the entire Santa Fe property during 2023

What are the top 3 key investor takeaways?

• District scale land package with 32 square km in the Nevada’s Walker Lane
• Au & Ag mineral inventory is open and un-constrained by drilling or geology
• Historic mining underscores the potential for massive upside