Lahontan Gold Corp (TSX-V:LG, OTCQB:LGCXF) president and CEO Kimberly Ann talked with Proactive's Stephen Gunnion about the company’s progress and future plans for the Santa Fe Project. During the Resourcing Tomorrow 2024 conference, Ann highlighted that the Santa Fe asset is entering a 'unique' phase.
The project, originally operated by Corona Gold from 1988 to 1994, produced 400,000 ounces of gold and 700,000 ounces of silver under challenging market conditions. Ann emphasized, “Our goal has been about how many ounces do we need to find more than what we have to get it into production as fast as we can.”
Recent developments include a 20% increase in mineral resources, with a significant upgrade of inferred ounces to indicated. The company is preparing to release a Preliminary Economic Assessment (PEA), featuring engineered details to aid permitting efforts. Ann also outlined key milestones, such as obtaining approvals from the Bureau of Land Management and advancing additional drilling and resource upgrades in early 2024.