Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (June 2023)
34 slides from Lahontan Gold's investor presentation, Jun 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 USA
Fondaway LARGE-SCALE GOLD OXI DE DEPOSI TS Walker Lane, Nevada USA Canyon Reno Fallon Austin Comstock Como TOP SHELF PROJ ECTS IN A “TIER 1” J URISDICTION Carson City Yerington Rawhide Multi-Million Ounce Gold and Silver District Pumpkin St rai gh t For ward Per mi t t i n g Paradise Hollow Peak Isa
Slide 4: Why Invest in Lahontan?
The Next Mul t i-Mil l ion Ounce Gol d & Silver Discovery in t he WHY I NVEST I N Wal ker Lane LAHONTAN? § District scale land package with 57 km2 and growing § Stable, supportive mining jurisdiction in a World Class Mineral Belt § Straight forward permitting process on BLM land with strong communit
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 19 km2 Land Package: Volcanic Rocks § 291 unpatented lode mining claims 67 unpatented mill site clams § 24 patented lode mining claims. Triassic Isabella Pearl Except for 45 optioned Santa Fe Limestone Mine unp
Slide 7: Santa Fe Land Package & Neighbors
MAIDEN RESOURCE ESTIMATE- 1.11 MILLION OUNCES INDICATED AND 0.55 MILLION OUNCES INFERRED PIT CONSTRAINED RESOURCE* WHAT TO KNOW SANTA FE MINE § Average grade 1.12 g/t Au Eq § Mine under closure, with access to water, power, & infrastructure needed to fast- track back into production § Historic produ
Slide 8: How do our ounces compare to our peers?
NEVADA JUNIOR EXPLORERS SNAPSHOT BY GRADE AND OUNCES “OPEN PIT” How do our ounces compare 1..23 to our peers? § 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 1.7M ounce Au depo
Slide 9: Santa Fe Mine: Five Known Deposits
100% Controlled S A N TA F E M I N E Five Known Deposits TSX.V-LG; OTCQB-LGCXF
Slide 10: Santa Fe Mine - Mineral Resources
SANTA FE MI NE- Mineral Resources WHAT TO KNOW SANTA FE MINE § Indicated and Inferred Resources occur in five separate deposits, all constrained by conceptual Santa Fe Slab pit shells: Santa Fe, Slab, Calvada Calvada Central and East, Central York* Calvada East § Oxide domain resources account for o
Slide 11: Santa Fe Deposit - Excellent Continuity
SANTA FE DEPOSI T– Excel l ent Cont inuit y WHAT TO KNOW SE NW SANTA FE MINE § Gold and silver mineralization show excellent continuity along strike and at depth § Mineralization modeled in the mined portion of the Santa Fe pit reconciles with OX OX data from historic mining § Multiple targets exist
Slide 12: Santa Fe Deposit - Excellent Continuity
SANTA FE DEPOSI T – Excel l ent Cont inuit y WHAT TO KNOW SANTA FE MINE § Most of the oxide resource in the Santa Fe deposit lies in the high- wall of the Santa Fe pit (573,000 Au Eq oz Indicated, 186,000 Au Eq oz Inferred*) § +1 g/t gold mineralization crops out in the pit bottom and high- walls: P
Slide 13: Slab-Calvada Complex: Oxides
SLAB-CALVADA COMPLEX: OXI DES WHAT TO KNOW SANTA FE MINE § Resources in the Slab-Calvada Complex are 100% oxide Slab with a low strip ratio: 2.3:1 Calvada Central § Indicated oxide resources total 138,000 oz Au Eq, Calvada Inferred oxide resources East 76,000 oz Au Eq, average grade of 0.74 g/t agre
Slide 14: LG Exploration Plan - 2023
LG EXPLORATI ON PLAN-2023 WHAT TO KNOW SANTA FE MINE ü Release Maiden MRE Q1 SLAB 2023 § Resource expansion through the drill bit targeting +11,000 metres; short term goal: Dramatically expand oxide ounces CALVADA CALVADA CENTRAL § Focus on Slab-Calvada Complex EAST § Updated Resource Estimate in la
Slide 15: Santa Fe District - Baseline Studies and Plan of Operation
SANTA FE DI STRI CT- Basel i ne St udies and Pl an of Operat ion WHAT TO KNOW 398000 400000 402000 404000 406000 Meters $ 0 500 1,000 1,500 2,000 Pinnacles NC SANTA FE MINE Pin Access Pinnacles NE Isabella Pinnacles NW Pearl Mine § Base-line studies to be utilized in a Plan of Operations (“POO”) cov
Slide 16: 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 17: West Santa Fe - Bolt On Project, Excellent Resource Potential
WEST SANTA FE- “Bolt On” Project , Excellent Resource Potential WHAT TO KNOW WEST SANTA FE § Located only 15 km West of the Flagship Santa Fe Mine § Oxidized Au-Ag system similar to Santa Fe § Modeling of historical drill hole data outlines a shallow oxide Au and Ag system large enough to host 0.5 t
Slide 18: West Santa Fe - Low-Cost Option Agreement
WEST SANTA FE- Low-Cost Opt ion Agreement WHAT TO KNOW WEST SANTA FE § LG payments over seven- years total US$1.8M, back end loaded to acquire 100% of the property § Option payments can be made in a combination of cash and shares § Exploration commitment of US$1.4M, sufficient to define an initial m
Slide 19: West Santa Fe - Project Expanded Through Staking By LG
WEST SANTA FE- Proj ect Expanded Through St aking By LG 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 historic drilling terrain § New
Slide 20: West Santa Fe - Extensive Exploration Database
WEST SANTA FE – WHAT TO KNOW Extensive Expl orat ion Dat abase WEST SANTA FE § Previous drilling totals over 13,000 metres in 171 drill holes; only five holes are deeper than 165 metres § Geophysical studies including IP and aerial magnetic surveys, over 1,250 soil samples, plus geologic mapping § A
Slide 21: West Santa Fe - Excellent Resource Growth Potential
WEST SANTA FE– Excel l ent Resource Growt h Potent ial WHAT TO KNOW WEST SANTA FE § Drill hole data defines a continuous zone of Au and 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 potential to host a significant
Slide 22: Moho Mine: High Grade Vein System
100% Controlled MOHO MINE HIGH GRADE VEIN SYSTEM
Slide 23: Moho Mine - Million Ounce Potential
MOHO MINE – Million Ounce Potential WHAT TO KNOW MOHO MINE § Oxidized gold, silver, and base metal mineralization is hosted by sub- parallel structures from 0.3m to over three metres in thickness § The six core holes drilled in 2019 hit significant gold, silver, and base metal mineralization over wi
Slide 24: Moho Mine - High Grade Gold and Silver Vein System
MOHO MI NE-High Grade Gol d and Silver Vei n System WHAT TO KNOW MOHO MINE § Located 35 km SW of Santa Fe § Large land package 11 square km, 100% owned by Lahontan § Moho- high-grade, oxidized MOH-002CA : 151.0 -151.4 m (0.4m) grading 31.9 gpt Au Eq (21.8 gpt Au, 376 Tertiary Au-Ag-Pb-Zn gpt Ag and
Slide 25: Moho Mine - Surface Geochemistry
MOHO MI NE – Surface Geochemi st r y WHAT TO KNOW MOHO MINE Rudi’s Knob § 2022- Identified new High- Rudi’s Knob Grade target Rudi’s Knob, up to 22.9 g/t Au on the surface Upper Moho § Data from underground sampling and drilling shows grades of over 35 g/t Middle Moho Au Eq in thoroughly oxidized ve
Slide 26: Moho Mine - Surface Geophysics
MOHO MI NE – Surface Geophysi cs WHAT TO KNOW MOHO MINE § Ground mag, surface mapping and underground workings define a series of en echelon veins and fault breccias with a strike length of 2500 metres of over a vertical range of 400 metres § More drilling needed to test the multiple vein systems 26
Slide 27: Analyst & Newsletter Coverage
ANALYST & NEWSLETTER COVERAGE • 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 listed on this p
Slide 28: Lahontan's Key Milestones and Accomplishments 2023
LAHONTAN’S KEY MILESTONES AND ACCOMPLISHMENTS 2023 Q4 WORK PROGRAM Q3 Q2 WORK PROGRAM ACCOMPLISHMENTS § 5,000 Metres of Q1 § 11,000 Metres of Drilling at West ACCOMPLISHMENTS Slab-Calvada Santa Fe ü Mobilized drill rig to Slab-Calvada Complex § Updated MRE at Complex § Close the West Santa Fe ü Rele
Slide 29: Re-Rating of Lahontan Underway!! Proforma Capitalization Table
Re-Rating of Lahontan Underway!! PROFORMA CAPITALIZATION TABLE Re-Rating of Lahontan is Underway!! Shares Outstanding (Shares) 121.8 M Financing Closed Market MRE (C$M) $25.0 M Released Capitalization Options & Warrants 40.8 M Cash (C$M) $3.3 M Debt (C$M) $0 $11 Average $33 in market capitalization
Slide 30: Corporate 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 31: Appendix - Santa Fe Mine Royalties
Appendix – Sant a Fe Mine Royal t i es 19 km2 Land Package: • 291 unpatented lode Pin na Tar cles mining claims Isabella get Barker-Sharp 1.25% NSR • 67 unpatented mill site Pearl Mine Royalty Claims clams • 24 patented lode mining Santa Fe Pit claims. Slab Pit Barker-Sharp Calvada • Except for 45 o
Slide 32: Appendix - Santa Fe Mine History
Appendix – Sant a Fe Mine History 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 Mines Ltd. Option
Slide 33: Appendix - Santa Fe Mine Mineral Resource Estimate
Appendix – Sant a Fe Mine Mineral Resource Est imate 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 Eq., g/t) (kt) (Au, g/
Slide 34: 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