Metallurgical Testing Begins For The Santa Fe Mine Project PEA

TORONTO - Lahontan Gold Corp has commenced metallurgical testing in support of its planned Preliminary Economic Assessment (PEA) of its Santa Fe Mine project located in Nevada's Walker Lane gold and silver mineral belt. Previous test work and mining at Santa Fe established excellent heap leach recoveries for gold and silver (e.g. 79% gold recovery in the Santa Fe deposit.

Kimberly Ann, CEO, President, and Founder, said, "We already know that heap leach gold and silver recoveries are excellent at Santa Fe based on previous metallurgical testing plus the mining and processing of nearly 16M tonnes of gold and silver mineralized rock during previous mine operations (please see Lahontan press release dated January 22, 2024). The comminution and compacted permeability studies will give us precise cost estimates for our PEA, expected to be completed in September 2024. The goal is to produce a PEA that is detailed, accurate, and a report that will highlight the full economic potential of the Santa Fe Mine project."