Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced three strategic additions to its management team as the company transitions from mine developer to mine builder, aiming for a 2027 production restart at the Santa Fe Mine in Nevada. The appointments come at a pivotal time as Lahontan advances permitting, mine planning, and preparation for construction and operations.
Tony Gesualdo rejoins Lahontan as Vice President of Exploration, a role he previously held from 2020 to 2023, during which he contributed to the initial Mineral Resource Estimate at Santa Fe. His return brings continuity and deep knowledge of the project's geology. Michael Kubel joins as Senior Mine Engineer, bringing over a decade of experience in Nevada open-pit gold mining and heap-leach operations, with prior work at the Florida Canyon and Hycroft mines. Jen Earle will oversee investor relations and business development, leveraging two decades of experience in natural resources, capital markets, and investor engagement across the LSE, ASX, and TSX markets.
Kimberly Ann, Founder, Executive Chair, CEO, and President of Lahontan, emphasized that these additions strengthen the company's technical, operational, and business development capabilities as it advances the Santa Fe project. The management team's expansion is a clear signal of Lahontan's commitment to its timeline and its focus on executing its development plan.
The Santa Fe Mine project, which spans 26.4 square kilometers, has a rich history of past production, yielding 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 via open-pit mining and heap-leach processing. According to the company's NI 43-101 compliant technical report, the project hosts an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent (Au Eq) and an Inferred Mineral Resource of 411,000 ounces Au Eq. These resources are pit-constrained and reflect the project's significant scale.
Lahontan plans to continue advancing the Santa Fe Mine towards production, with an updated Preliminary Economic Assessment (PEA) and drilling at its satellite West Santa Fe project scheduled for 2025. The company's focus on the Walker Lane region of Nevada, a mining-friendly jurisdiction, positions it well to capitalize on the project's potential.
The recent management additions are more than just personnel changes; they represent a strategic investment in the project's future. With a strengthened team, Lahontan is better equipped to navigate the complexities of mine development, from securing permits to optimizing mine plans and ultimately restarting production. The company's progress is being closely watched by investors, as the Santa Fe Mine could become a significant gold and silver producer in the coming years.
For more information on Lahontan Gold Corp., visit the company's website at www.lahontangoldcorp.com or view the full press release at https://ibn.fm/uwoU5.
