Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (September 2023)
30 slides from Lahontan Gold's investor presentation, Sep 1, 2023
Slide 1: Nevada's Walker Lane: A Target Rich Environment
Nevada’s Walker Lane TSX.V-LG; OTCQB-LGCXF A Target Rich Environment
Slide 2: Disclaimers
Disclaimers Information Contained In This Presentation This presentation (the “Presentation”) has been prepared by Lahontan Gold Corp. (the “Company”) solely for informational purposes. None of the Company, its affiliates or any of their respective employees, directors, officers, contractors, adviso
Slide 3: Large-Scale Gold Oxide Deposits, Walker Lane, Nevada
Fondaway L A RG E - S C A L E G O L D OX I D E D E P O S I T S WALKER LANE, NEVADA USA Canyon Reno Fallon Austin Comstock TOP SHELF PROJECTS IN A “TIER 1” JURISDICTION Como Carson City Yerington Rawhide Multi-Million Ounce Gold and Silver District Pumpkin Straight Forward Permitting Paradise Hollow
Slide 4: Lahontan's Key Milestones and Accomplishments 2023
LAHONTAN’S KEY MILESTONES AND ACCOMPLISHMENTS 2023 Q4 WORK PROGRAM Q3 Q2 WORK PROGRAM § Drone Mag at West ACCOMPLISHMENTS Q1 ü Closed the West Santa Fe ACCOMPLISHMENTS Santa Fe § Mapping/sampling ü Mobilized drill rig underway at West acquisition to Slab-Calvada Santa Fe ü 3,600 Metres of Complex §
Slide 5: Management
BOOTS ON THE GROUND MANAGEMENT KIMBERLY ANN, FOUNDER, BRIAN MAHER, FOUNDER, JOHN MCNEICE, DIRECTOR, QUENTIN BROWNE, TONY GESUALDO, CODY STOCK, VICE PRESIDENT - CHIEF FINANCIAL OFFICER SENIOR GEOLOGIST EXPLORATION MANAGER SENIOR GEOLOGIST CEO, PRESIDENT EXPLORATION • +30 years as a • +35 years experi
Slide 6: Santa Fe Mine - District Scale Land Package and Geology
SANTA FE MINE- DISTRICT SCALE LAND PACKAGE WHAT TO KNOW AND GEOLOGY SANTA FE MINE Miocene Volcanic Rocks 19 km2 Land Package: § 291 unpatented lode mining claims, 67 unpatented mill site clams § 24 patented lode mining claims. Isabella Pearl Triassic Except for 45 optioned Santa Fe Limestone Mine un
Slide 7: Santa Fe Land Package & Neighbors: Maiden Resource Estimate
MAIDEN RESOURCE ESTIMATE- 1.11 MILLION OUNCES INDICATED AND 0.55 MILLION OUNCES INFERRED PIT CONSTRAINED RESOURCE* WHAT TO KNOW SANTA FE MINE § Ave grade: 1.12 g/t Au Eq § Mine under closure: § Access to water, power, & infrastructure needed to fast-track back into production § Historic production:
Slide 8: How do our ounces compare to our peers?
NEVADA JUNIOR EXPLORERS How do our SNAPSHOT BY GRADE AND OUNCES “OPEN PIT” o u n c e s c o m p a re to our peers? 1..23 § LG open-pit resource grades: § Rank among the highest- grade in Nevada & Great Basin for explorers when compared to open-pit (OP) heap leach projects § Maiden resource shows: § 1
Slide 9: Santa Fe Mine
100% Controlled S A N TA F E M I N E Five Known Deposits TSX.V-LG; OTCQB-LGCXF
Slide 10: Santa Fe Deposit - Significant Oxide Remaining in High-Wall
SA N TA F E D E P O S I T - WHAT TO KNOW S I G N I F I C A N T OX I D E R E M A I N I N G I N H I G H - WA L L SANTA FE MINE § Santa Fe pit Resources: § 573,000 Au Eq oz Indicated; 186,000 Au Eq oz Inferred § +1 g/t oxide gold mineralization crops out in the pit bottom and high-wall § 2023 drill pro
Slide 11: Slab Deposit - Excellent Continuity
S A N TA F E D E P O S I T – E XC E L L E N T C O N T I N U I T Y WHAT TO KNOW SE NW SANTA FE MINE § Gold and Silver Resources: § Excellent continuity along strike and at depth § Mined portion of the Santa Fe Pit: § Historic Mining OX OX reconciles within 3% of resource, reinforcing model confidence
Slide 12: Santa Fe Mine - Mineral Resource
S A N TA F E M I N E - M I N E R A L R E S O U RC E WHAT TO KNOW SANTA FE MINE § Indicated and Inferred Resources occur in five separate deposits: Santa Fe § Resource constrained Slab Calvada by conceptual pit Central § Oxide domain resources: Calvada East § Account for over 64% of the Indicated Au
Slide 13: LG Exploration Plan - Santa Fe Mine
LG E X P LO R AT I O N P L A N - 2 0 2 3 WHAT TO KNOW SANTA FE MINE ü Release Maiden MRE Q1 SLAB 2023 § Resource expansion through the drill bit targeting +3,500 metres; short term goal: Dramatically expand oxide ounces CALVADA CALVADA CENTRAL § Focus on Slab-Calvada Complex EAST § Updated Resource
Slide 14: Breaking News - Calvada Drill Results Are In
BREAKING NEWS- D R I L L R E S U LT S A R E I N C A LVA DA Resource T H I C K I N T E RVA L S Expansion Area OF OXIDE Resource Blocks § 38.1 metres grading: § 0.87 g/t Au and 2.5 g/t OPEN Ag (0.89 gpt Au Eq) of oxide § incl. 10.6 metres grading 2.02 g/t Au and 2.4 g/t Ag (2.04 gpt Au Eq) in CAL23-00
Slide 15: Breaking News - York Drill Results Are In
BREAKING NEWS- YO R K D R I L L R E S U LT S A R E I N Collars 2023 York Fault MORE THICK Trace 2023 Santa Fe Pit Slab Pit I N T E RVA L S O F Calvada Resou ine Pit York O u tl Pit OXIDE!!! rce P it Santa Fe Property Map Map Area YOR23-001R § 30.5 metres grading: YOR23-002R § 0.74 g/t Au and 0.5 g/t
Slide 16: Santa Fe District - Baseline Studies & Plan of Operations
SA N TA F E D I ST R I C T - BAS E L I N E ST U D I E S & P L A N O F O P E R AT I O N WHAT TO KNOW 398000 400000 402000 404000 406000 Meters SANTA FE MINE $ 0 500 1,000 1,500 2,000 Pinnacles NC Pin Access Pinnacles NE § Base-Line Studies: Isabella Pearl Pinnacles NW Mine § Utilized in a Plan of Ope
Slide 17: Introducing West Santa Fe: Our New Satellite Asset
I N T R O D U C I N G W E S T S A N TA F E : OUR NEW SATELLITE ASSET!! TSX.V-LG; OTCQB-LGCXF
Slide 18: West Santa Fe - Oxide
W E ST SA N TA F E - OX I D E OX I D E OX I D E WHAT TO KNOW WEST SANTA FE § Located only 15 km west of the Flagship Santa Fe Mine § District scale land package § Low-cost acquisition with minimal risk to LG § Significant historic database outlines a shallow oxide Au & Ag deposit of + 0.5-1.0M ounce
Slide 19: West Santa Fe - Project Expanded Through Staking by LG
W E ST S A N TA F E - P RO J E C T E X PA N D E D T H RO U G H STA K I N G BY L G WHAT TO KNOW WEST SANTA FE § LG staked 95 unpatented lode Trend of Au & Ag mining claims covering 792 mineralization hectares § West Santa Fe now covers 19.7 km2 of highly Area of intense prospective mineralized histor
Slide 20: West Santa Fe - Extensive Exploration Database
W E ST SA N TA F E – WHAT TO KNOW E X T E N S I V E E X P LO R AT I O N DATA BAS E WEST SANTA FE § Historic Drilling consists of 13,000 metres § 171 Drill holes (shallow) § 5 holes only as deep at 165 metres § Geophysical Surveys § Plus over 1,250 rock and soil samples, geologic mapping § Triassic H
Slide 21: West Santa Fe - Excellent Resource Growth Potential
W E ST SA N TA F E – E XC E L L E N T R E S O U RC E G RO W T H P OT E N T I A L WHAT TO KNOW WEST SANTA FE § Drilling to date: § Defines continuous zone of Au & Ag extending from the surface down-rake to the East-Northeast § A 0.31 g/t Au shell outlines a large mineralized area that has the potenti
Slide 22: West Santa Fe - Low-Cost Option Agreement
W E ST SA N TA F E - LO W - C O ST O P T I O N AG R E E M E N T WHAT TO KNOW WEST SANTA FE § LG option agreement to acquire 100% of the property: § Seven-year agreement with payments back-end loaded § Payments can be made with combination of shares and cash § Modest Exploration commitment: § US$1.4M
Slide 23: Other Projects
OTHER PROJECTS 100% CONTROLLED 100% CONTROLLED MOHO MINE R E D L I C H S I LV E R HIGH GRADE VEIN PROJECT SYSTEM DISSIMINATED SYSTEM 22 TSX.V-LG; OTCQB-LGCXF
Slide 24: Lahontan Share Structure
Lahontan Share Structure HistoricChartforCdn:LGbyStockwatch.com604.687.1500-(c)2023 FriSep12023Op=0.06Hi=0.075Lo=0.06CI=0.065Vol=1.586.236Yearhi=0.275lo=0.05 Con:LG PROFORMA CAPITALIZATION TABLE 0.315 0.30 0.285 0.27 Shares Outstanding (Shares) 146.8 M 0.255 0.24 0.225 0.21 0.195 Market $11.7 M 0.18
Slide 25: Corporate Office and Field Office
CORPORATE OFFICE FIELD OFFICE 80 Richmond Street West Suite 204 364 E Street Hawthorne Toronto, ON NV 89415 United States M5H 2A4, Canada Telephone: 1.775.945.6140 Telephone: 1.613.692.7704
Slide 26: Analyst & Newsletter Coverage
A NA LYST & N E W S L E T T E R C OV E R AG E • Bereket Behre, Beacon Securities Ltd., bberhe@beaconsecurities.ca • Brien Lundin, The Gold Newsletter, www.goldnewsletter.com • Jay Taylor, Jay Taylor’s Gold, Energy, and Tech Stocks, www.jaytaylormedia.com The research analysts and newsletter writers
Slide 27: Appendix - Santa Fe Mine Royalties
A p p e n d i x – S a n t a Fe M i n e Roya l t i e s 19 km2 Land Package: Pin na Tar cles • 291 unpatented lode Isabella get Barker-Sharp 1.25% NSR mining claims Pearl Mine Royalty Claims • 67 unpatented mill site clams Santa Fe Pit • 24 patented lode mining Slab Pit Barker-Sharp Calvada Pit claims
Slide 28: Appendix - Santa Fe Mine History
A p p e n d i x – S a n t a Fe M i n e H i s to r y Company Ownership Event Year Cordero Mining Co. Original Staking 1960 Callahan Mining Co. Option Agreement 1968 Bell Mountain Silver Mines Option Agreement 1971 Westley Mines Ltd. Option Agreement 1971 Bethlehem Mines Option Agreement 1974 Westley
Slide 29: Appendix - Santa Fe Mine Mineral Resource Estimate
A p p e n d i x – S a n t a Fe M i n e M i n e ra l Re s o u rc e Estimate Table One: Project-wide Resources, Santa Fe Mine, Mineral County, Nevada Contained Gold Cut-off Grade Tonnes Gold Contained Gold Silver Contained Silver Gold Equivalent Resource Classification Deposit Ore Type Equivalent (Au
Slide 30: Appendix - Continued
Appendix – Continued Table Two: Project-wide Oxide Resources, Santa Fe Mine, Mineral County, Nevada Contain Gold Cut-off Grade Tonnes Gold Contained Gold Silver Contained Silver Au Eq. Resource Classification Deposit Ore Type Equivalent (Au Eq., g/t) (kt) (Au, g/t) (Au k.oz.) (Ag, g/t) (Ag k.oz.) (A
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