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Lahontan Acquires Strategic Claims South of The York Pit, Expanding The Santa Fe Mine Project
TORONTO, ON / ACCESS Newswire / August 19, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Acquires Strategic Claims South of The York Pit, Expanding The Santa Fe Mine Project TORONTO, ON / ACCESS Newswire / August 19, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the \"Company\" or \"Lahontan\") is pleased to announce that the Company signed a binding term sheet (the \"Term Sheet\") on August 18, 2025 to acquire 27 unpatented lode mineral claims (the \"YorkClaims\") from Emergent Metals Corp. (\"Emergent\"),adding approximately 2.1 km2 of strategic mineral rights to the Santa Fe Mine Project. The claims adjoin the Santa Fe Mine Project immediately south and southeast of the York open pit and gold mineral resource* (please see map below). Resource modeling completed as part of the recent Preliminary Economic Assessment (\"PEA\") of the Santa Fe Mine Project* demonstrated that gold-silver mineral resources extended in the direction of the York Claims. The acquisition of the York claims will allow the expansion of the York open pit and potentially, a substantial increase of mineral resources in the York area.Detailed map of the eastern portion of the Santa Fe Mine Project, Mineral County, Nevada. Modeled gold and silver mineral resource blocks are shown in yellow, red and orange; the conceptual pit shells used to constrain the mineral resource estimate* are shown in red. An approximate outline of the newly acquired York Claims is shown in bold red. Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: \"Lahontan is very excited to acquire the York Claims that are directly adjacent to the York gold mineral resource*. The newly acquired claims will allow a considerable layback of the York pit during mine planning and in mineral resource estimation. Modeling of gold and silver mineralization at York in the Santa Fe Mine Project PEA was constrained by a pit shell that must honor the property boundary*. With the addition of the York Claims, that pit can be greatly expanded, potentially adding resource ounces plus opening up compelling targets for further gold and silver mineral resource expansion. Coupled with recently completed exploration drilling, the Company continues its path of growing size and scale of the Santa Fe Mine Project and enhancing shareholder value\".Emergent and Lahontan contemplate completing a Definitive Agreement (the \"Agreement\") within 30 days of signin...