Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (November 2023)
26 slides from Lahontan Gold's investor presentation, Nov 1, 2023
Slide 1: Nevada's Walker Lane: A Target Rich Environment
Nevada’s Walker Lane A Target Rich Environment TSX.V-LG; OTCQB-LGCXF
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 ü Expand Santa Fe ACCOMPLISHMENTS Q1 ü Closed the West Mine project by ACCOMPLISHMENTS Santa Fe 40% ü Mobilized drill rig § Mapping/sampling acquisition to Slab-Calvada underway at West ü 3,600 Metres of Complex Sa
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: Breaking News: Lahontan Expands Santa Fe Mine by Over 7.5 km2
BREAKING BREAKINGNEWS!!- BREAKING NEWS!! NEWS!!- LAHONTAN EXPANDS LAHONTAN LAHONTAN SANTA EXPANDS EXPANDS FE SANTA SANTA MINE BY OVER FE MINE FE MINE 7.5 BY OVER BY OVER Km 7.5 Km 2 7.5 km2 2 WHAT WHAT WHATTO TOKNOW TOKNOW KNOW SANTA FE MINE New Claims New (7(.75.5km Claims km)2) 2 SANTA SANTA FEFE
Slide 7: Santa Fe District - Baseline Studies & Plan of Operation
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 SANTA FE MINE § Base-Line Studies: § Utilized in a Plan of Operations (“POO”) covers a 12.2 km2 area § Includes studies of botanical, raptor, cultural resources § Pathway to Production & Resource Expa
Slide 8: 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 § 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 9: 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 10: Santa Fe Mine
100% Controlled S A N TA F E M I N E Five Known Deposits TSX.V-LG; OTCQB-LGCXF
Slide 11: 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 Calvada East § Oxide domain resources: § Account for over 64% of the Indicated Au
Slide 12: 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 13: LG Exploration 2023
LG E X P LO R AT I O 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 Estimate i
Slide 14: Breaking News - Drill Results Are In: Calvada Thick Intervals of Oxide
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: Slab-Calvada Fault Mapping - New Targets Emerging
S L A B - C A LVA DA FAU LT M A P P I N G - N E W TA RG E T S E M E RG I N G SANTA FE MINE New Targets: Slab Pit & Calvada Fault § Importance of north-south structure confirmed by drilling, mapping and sampling. Mineralization may extend north onto new claims § Calvada fault is strongly mineralized
Slide 16: Introducing West Santa Fe
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 - 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 13 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 18: 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 19: 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 20: 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$1.4M
Slide 21: Lahontan Share Structure
Lahontan Share Structure PROFORMA CAPITALIZATION TABLE Shares Outstanding (Shares) 146.8 M Trading volume last 25 days: TSX: 220,000 shares/day; Market Capitalization (C$M) $11.7 M OTCQB: 190,000 shares/day Total: Average trading vol 410,000 Options & Warrants 57.4 M shares/day (TSX + OTC) Cash (C$M
Slide 22: 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 23: 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 26.4 km2 Land Package: • 389 unpatented lode mining claims • 67 unpatented mill site clams • 24 patented lode mining 1.25% NSR claims. • Except for 45 optioned unpatented lode mining claims, all mining claims are 100% owned by Lahontan • Over 85%
Slide 24: Appendix - Santa Fe Mine History
Appendix Santa 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 Dro
Slide 25: 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 Table One: Project-wide Resources, Santa Fe Mine, Mineral County, Nevada E s t i m a te Contained Gold Cut-off Grade Tonnes Gold Contained Gold Silver Contained Silver Gold Equivalent Resource Classification Deposit Ore Type Equivalen
Slide 26: 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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