Lahontan Gold
Primary tickers: TSXV:LG, OTCQB:LGCXF
Stage of development: Exploration
Primary minerals: Gold, Silver
Project to promote: Santa Fe, West Santa Fe, Moho, Redlich
Project location: Nevada, USA
Website: lahontangoldcorp.com
Corporate presentation: Click here
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine, had past production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing (Nevada Bureau of Mines and Geology, 1995). The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,112,000 oz Au Eq (grading 1.14 g/t Au Eq) and an Inferred Mineral Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report). The Company will continue to aggressively explore Santa Fe during 2024 and begin the process of evaluating development scenarios to bring the Santa Fe Mine back into production.
Cash: CAD1.3M
Debt: NIL
Major shareholders:
KA Gold – 6%
ASA
APAC
Palos
Extract Capital
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?
We are looking to raise awareness of our projects.
What recent news would you like to highlight to investors attending?
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
July 16, 2024 – Lahontan Gold Begins Metallurgical Testing For Santa Fe PEA
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
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 land package with 51 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