Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (July 2023)
33 slides from Lahontan Gold's investor presentation, Jul 1, 2023
Slide 1: Nevada's Walker Lane: A Target Rich Environment
TSX.V-LG; OTCQB-LGCXF Nevada’s Walker Lane 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 TOP SHELF PROJECTS IN A “TIER 1” JURISDICTION Fallon Austin Comstock Como Carson Rawhide Multi-Million Ounce Gold and Silver District City Yerington Straight Forward Permitting Pumpkin Paradise Hollow
Slide 4: Breaking News: Drill Results Are In at Calvada
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 5: 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 unp
Slide 6: 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 § Average grade 1.12 g/t Au Eq § Mine under closure: § Access to water, power, & infrastructure needed to fast-track back into production § Historic productio
Slide 7: 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 8: 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 9: 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 § Current Resource Indicates: § 573,000 Au Eq oz Indicated, 186,000 Au Eq oz Inferred in high-wall § +1 g/t gold mineralization crops out in the pit bottom and high- walls § 2
Slide 10: Santa Fe 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: § Excellent continuity along strike and at depth § Mined portion of the Santa Fe Pit: § Historic Mining OX OX reconciles with historic mining § Multiple targets exist to expand resou
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 § Oxide domain resources: Calvada East § Account for over 64% of the Indicated Au
Slide 12: 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 +11,000 metres; short term goal: Dramatically expand oxide ounces CALVADA CALVADA CENTRAL § Focus on Slab-Calvada Complex EAST § Updated Resource
Slide 13: 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 § Utilized in a Plan of Mine Ope
Slide 14: 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 15: West Santa Fe
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 16: 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 17: 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 § IP and Aerial Magnetic surveys § over 1,250 soil samples, plus geologic mapping § Au and A
Slide 18: 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 19: 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 20: Moho Mine: High Grade Vein System
100% CONTROLLED MOHO MINE HIGH GRADE VEIN SYSTEM
Slide 21: 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 wid
Slide 22: Moho Mine: High Grade Gold & Silver Vein System
MOHO MINE- H I G H G R A D E G O L D & S I LV E R V E I N SYST E M 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
Slide 23: Moho Mine: Surface Geochemistry
MOHO MINE– S U R FAC E G E O C H E M I ST RY 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 oxi
Slide 24: Moho Mine: Surface Geophysics
MOHO MINE– S U R FAC E G E O P H YS I 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 sy
Slide 25: 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 26: 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 ü Mobilized drill rig Slab-Calvada Santa Fe to Slab-Calvada Complex § Updated MRE at Complex § Close the West Santa Fe ü Rele
Slide 27: Re-Rating of LG Underway
RE-RATING OF LG 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 per reso
Slide 28: 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 29: 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 30: 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: • 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 Pi
Slide 31: 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 32: 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 33: 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