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Lahontan Receives BLM Approval for West Santa Fe Drill Program, Grants Options
TORONTO, ON / ACCESS Newswire / November 26, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF...
About this update from Lahontan Gold Corp.
[{"type":"text","content":"Lahontan Receives BLM Approval for West Santa Fe Drill Program, Grants OptionsTORONTO, ON / ACCESS Newswire / November 26, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the \"Company\" or \"Lahontan\") is pleased to announce that the Company has received approval from the Federal Bureau of Land Management (\"BLM\") for its maiden drill program at the West Santa Fe project, located only 13 km from Lahontan's flagship Santa Fe Mine project in Nevada's prolific Walker Lane. The BLM approved Lahontan's Notice of Intent (\"NOI\") for drill sites on unpatented lode mining claims located on BLM administered Federal lands at West Santa Fe. The drilling program will focus on validating historic drilling and testing significant extensions to the known gold and silver mineralized system at West Santa Fe. The Company currently has a drill rig active at the Santa Fe Mine project and will move the drill rig to West Santa Fe when that drill program is complete.Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: \"The Company is excited to receive approval of the West Santa Fe NOI from the BLM. We appreciate the efficiency of the BLM in processing the permit. We can now focus on confirming the positive results from historic drilling at West Santa Fe which outlined a very shallow, oxidized, gold and silver system. Our geologic work at West Santa Fe shows that the gold and silver mineralization identified by historic drilling extends for several kilometres to the east along strike as well as down-dip to the north. The company expects the drilling program to commence in December\".The Company also announces that it has granted an aggregate of 9,000,000 options to purchase common shares of the Company exercisable at a price of $0.15 per common share for a period of five (5) years to directors, officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.About Lahontan Gold Corp.Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 7...