Lahontan Gold: Santa Fe Drilling | RCTV at The Mining Investment Event of the North

Why It Matters

The pending MRE and financing roadmap could unlock a billion‑dollar valuation, delivering a low‑cost, high‑grade gold‑silver operation that investors and the broader market are eagerly tracking.

Summary

Lahontan Gold’s CEO Kimberly Anne outlined rapid progress across its Santa Fe, West Santa Fe, and Nevada projects. The company is expanding its resource base, hiring additional mining engineers, and completing three new drill draws to avoid the water table and satisfy permitting requirements. A Mineral Resource Estimate (MRE) will be released in the coming weeks, forming the technical backbone for a forthcoming Pre‑Feasibility Assessment (PA) slated for September, which will detail mine design, waste handling, and processing plans.

The firm highlighted a novel “bleach pad” initiative, targeting roughly 200,000 ounces of residual gold and silver in four on‑site piles. Using a sonic drilling rig, Lahontan plans to extract over 100 holes, extending mine life and providing flexible, low‑cost feedstock. Financially, the company is fully funded through 2027 after a $14 million upsized private placement that cleared $30 million in warrants, leaving $24 million cash on hand. A Q4 project‑finance round aims to raise $135‑$150 million on an 80/20 debt‑equity split, supporting a 100,000‑ounce‑per‑year production target.

West Santa Fe, located 13 km from the main project, revealed unexpectedly high‑grade silver (3‑6 g/t) and gold (up to 700 g/t) in recent drilling, suggesting a bolt‑on resource that could add 2.5 years of production without major new infrastructure. The company secured a favorable option agreement for this parcel at a $1.8 million valuation, paying only $50,000 to date. Market response has been strong: Lahontan’s stock surged 340 % over the past year, reflecting investor confidence in its disciplined growth and long‑term billion‑dollar market‑cap ambition.

If the upcoming MRE and PA confirm current assumptions, Lahontan could achieve a 9‑10× return by 2027, positioning it as a low‑cost, high‑grade gold‑silver producer with a diversified asset base and robust balance sheet.

Original Description

RCTV speaks with Kimberly Ann, Founder, CEO, President & Director of Lahontan Gold, on the company’s progress at the Santa Fe and West Santa Fe gold-silver projects in Nevada. The discussion covers ongoing drilling at Santa Fe, including resource expansion work and sonic drilling on historic heap leach pads, as Lahontan advances toward an updated MRE and revised PEA. Kimberly also provides insights into the company’s nearly $14 million upsized financing, investor demand, the potential path toward a U.S. listing, and how higher gold and silver prices could impact the project’s economics. The interview concludes with Kimberly’s investment case for Lahontan Gold and the key milestones investors should watch as the company moves Santa Fe toward development.

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