Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced three strategic additions to its management team as the company accelerates its transition from a mine developer to a mine builder, with the goal of restarting production at the Santa Fe Mine in Nevada by 2027. The appointments come at a critical juncture as the company advances permitting, mine planning, and prepares for construction and operations.
Tony Gesualdo rejoins Lahontan as Vice President of Exploration, a role he previously held from 2020 to 2023. During his earlier tenure, he was instrumental in developing the initial Mineral Resource Estimate for the Santa Fe Mine. His return brings continuity and deep knowledge of the project's geology, which will be vital as the company continues to de-risk and optimize the asset. Michael Kubel has been appointed as Senior Mine Engineer, bringing over a decade of experience in Nevada open-pit gold mining and heap-leach operations, including work at the Florida Canyon and Hycroft mines. His operational expertise will be essential in refining mine plans and ensuring the project's economic viability. Jen Earle joins the team to lead investor relations and business development, backed by two decades of experience in natural resources and capital markets across the LSE, ASX, and TSX. Her role will be key as the company seeks to strengthen its financial position and communicate its progress to the investment community.
Founder, Executive Chair, CEO, and President Kimberly Ann commented, "These additions significantly enhance our technical, operational, and business development capabilities as we advance Santa Fe's permitting, mine planning, and our planned transition toward construction and operations." The strategic hires underscore the company's commitment to meeting its 2027 production timeline.
The Santa Fe Mine is a past-producing asset with historical output of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. It currently hosts a National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent (Au Eq) and an Inferred Mineral Resource of 411,000 ounces Au Eq, as detailed in the Preliminary Economic Assessment Technical Report effective December 10, 2024. The project is located in the prolific Walker Lane trend in Nevada, a mining-friendly jurisdiction.
Lahontan's focus now shifts to updating the Preliminary Economic Assessment and drilling its satellite West Santa Fe project in 2025, while continuing to advance the main project towards a production decision. The company's strategy leverages its experienced team and substantial resource base to unlock value for shareholders as it moves closer to becoming a producing gold and silver miner.
The company's corporate communications are handled by MiningNewsWire, a specialized platform that disseminates news to a wide audience of investors and industry stakeholders. For more information on Lahontan Gold, visit the company's website at www.lahontangoldcorp.com.
