Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (January 2024)
25 slides from Lahontan Gold's investor presentation, Jan 22, 2024
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 PO S I TS 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 Is
Slide 4: 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 CONSULTING GEOLOGIST SENIOR GEOLOGIST CEO, PRESIDENT EXPLORATION • +30 years as a • +35 years exper
Slide 5: Lahontan Expands Santa Fe Mine by Over 7.5 km2
BREAKING BREAKING NEWS!!- NEWS!!- LAHONTAN SANTA FE MINE PROJECT NOW 26 . 4km2 LAHONTANEXPANDS EXPANDSSANTA SANTAFE FEMINE MINEBY BY OVER OVER 7.5 7.5 Km 2 Km2 WHAT WHAT WHATTO TOKNOW TOKNOW KNOW SANTA FE MINE New Claims New (7(.75.5km Claims km)2) 2 SANTA SANTA FEFE MINE MINE 26 .4.26 2 Land Packag
Slide 6: Santa Fe District Baseline Studies & Plan of Operations
SA N TA F E D I ST R I C T - WHAT TO KNOW 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 SANTA FE MINE § Base-Line Studies: § Utilized in a Plan of Operations (“POO”) covers a 12.2 km2 area § Includes studies of biological and cultural resources § Pathway to Production & Resource Expansio
Slide 7: Maiden Resource Estimate: 1.11M oz Indicated, 0.55M oz Inferred
M A I D E N R E S O U RC E E S T I M AT E - 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 §
Slide 8: How Do Our Ounces Compare to Our Peers?
N E VA DA J U N I O R E X P L O R E R S SNAPSHOT BY GRADE AND OUNCES “OPEN PIT” How do our 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 res
Slide 9: Santa Fe Mine: 100% Controlled, 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 Resource
S A N TA F E M I N E - MINERAL RESOURCE 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 Eq ounces (7
Slide 11: Santa Fe Deposit: Significant Oxide Remaining in High-Wall
SA N TA F E D E PO 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 prog
Slide 12: Slab Calvada Complex: Exploration Drill Highlights 2023
S L A B C A LVA DA CO M P L E X - E X P L O R AT I O N D R I L L H I G H L I G H T S 2 0 2 3 WHAT TO KNOW SANTA FE MINE ü Released Maiden MRE in 2023 SLAB ü Resource expansion drilling completed, +3,500 metres § Highlights include: § 38.1 metres grading 0.89 g/t Au Eq of oxide CALVADA in CAL23-004 C
Slide 13: Extensive Metallurgical Testing
E X T E N S I V E M E T T E ST I N G SANTA FE MINE METALLURGY REVIEW BY KAPPES CASSADY (KCA): Deposit Bottle Roll Tests Column Tests Santa Fe 32 25 Slab 30 5 Calvada East 45 8 York 15 3 § Estimated weighted project-wide gold recoveries of 74.4% for gold and 29.0% for silver at a ½-inch crush size §
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 O U R N E W S AT E L L I T E A S S E T ! ! TSX.V-LG; OTCQB-LGCXF
Slide 15: 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 16: 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 17: 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 18: 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$1.4M
Slide 19: Lahontan's Key Catalysts: 2024
L A H O N TA N ’ S K E Y C AT Y L I ST : 2 0 2 4 ü Comprehensive Metallurgical review of our flagship asset Santa Fe by Kappes, Cassiday • Complete mapping and sampling at our new West Santa Fe asset • Obtain drill permit for 5000 metre drill program at West Santa Fe Q2 • Complete final growing seas
Slide 20: Lahontan Share Structure
Lahontan Share Structure PROFORMA CAPITALIZATION TABLE Key Shareholders: Shares Outstanding (Shares) 148.7 M • Victoria Gold • KA Gold • ASA Market Capitalization (C$M) $10.4 M • APAC • Palos • Goodman Options & Warrants 57.4 M Cash (C$M) $1.1 M Debt (C$M) $0 $7 Average $20 in market capitalization
Slide 21: 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 22: 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 23: 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 24: 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 25: 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