217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG
LAHONTAN GOLD GROWS (EXPANDS) LAND POSITION AT SANTA FE
Toronto, Ontario – April 1 9, 2022 – Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (the “Company” or “Lahontan”) is pleased to announce that the Company has expanded its land holdings at its flagship Santa Fe Project by staking 22 unpatented lode mining claims. The claims cover potential southern extensions to the high -grade BH Zone as well as surface geochem and hydrothermal alteration anomalies. The claims also cover small gaps between existing land holdings and adjacent claimants. With the new unpatented lode mining claims, Lahontan’s Santa Fe project now encompasses over 19 square kilometers in the heart of Nevada’s prolific Walker Lane.
Kimberly Ann, President & CEO commented: “The Walker Lane of Nevada is an incredibly competitive mining and exploration jurisdiction, and Lahontan wants to be very proactive when the opportunity to acquire new claims is available. A portion of our new claims cover geologic structures which extend southerly from the Santa Fe open pit and the BH Zone . The structures influence the distri bution of hydrothermal alteration in outcrop and represent future exploration targets. Our team is gearing up for the resumption of drilling at Santa Fe and it’s important to complete these tasks before drilling commences”.
Outline of Lahontan’s land holdings, exploration targets, and newly acquired claims (green) at the Company’s Santa Fe Project, Mineral County, Nevada.
Santa Fe Exploration Project Explanation
2022 Property Boundary LGC April 2022 Additions 2022 Property Boundary - OLD Pit Outlines Target Areas $ Mineral Co., Nevada8587 White Fir Street, Unit A1 Reno, NV 89523 USA Coordinate System: WGS 1984 UTM Zone 11N Projection: Transverse Mercator Datum: WGS 1984 False Easting: 500,000.0000 False Northing: 0.0000 Central Meridian: -117.0000 Scale Factor: 0.9996 Latitude Of Origin: 0.0000 Units: Meter
0 1,000 2,000 3,000 4,000500
FeetDate: 4/18/2022 1985 USGS Geological Base Map Property Boundary 2022 1:24,000Productive open pit mines are related to east- west and northwest trending faults. Exploration & development focused on outcropping gold mineralization with little drilling between the pits.
Santa Fe
Slab Calvada
Yo rk
Isabella Pearl
Pinnacles Target
BH Z one
Santa Fe Exploration Targets
T S X . V - L G Building value through the drill bit7 New Claims One Km 217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com About Lahontan Gold Corp:
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries , three top -tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
Lahontan’s flagship property, the 1 9 km2 Santa Fe Project, is a past producing gold and silver mine with excellent potential to host significant gold and silver resources (past production of 345,000 ounces of gold and 710,000 ounces of silver between 1988 and 1992; Nevada Bureau of Mines and Geology, 1996).
Modeling of over 110,000 metres of historic drilling, geologic mapping, and geochemical sampling outline both shallow, oxidized gold and silver mineralization as well as deeper high grade potential resources. The Company plans an aggressive 25,000 metre drilling program with the goal of publishing a National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate in 2022. For more information, please visit our website: www.lahontangoldcorp.com
All scientific and technical information in this press release has been reviewed and approved by Quentin J. Browne, P.Geo., Consulting Geologist to Lahontan Gold Corp., who is a qualified person under the definitions established by National Instrument 43-101.
On behalf of the Board of Directors Kimberly Ann Founder, Chief Executive Officer, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT: Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email: [email protected]
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward -looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar wor ds, or statements that certain events or conditions "may" or "will" occur. Forward -looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward -looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward -looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com