Lahontan Closes Strategic York Claims Purchase at Santa Fe
Lahontan Gold (OTCQB:LGCXF) completed purchase of 27 unpatented York claims contiguous to the southeast corner of the Santa Fe Mine Project on October 23, 2025.
The company paid US$10,000, issued a US$50,000 promissory note (1% monthly interest, due six months) and issued 2,000,000 common shares to Emergent/GAMC. Lahontan granted a 1% NSR royalty on the York claims with buyback options: US$500,000 before year 3 or US$1,000,000 between years 3–7.
The York claims expand Lahontan's holdings to 415 unpatented lode claims, 67 unpatented millsite claims and 24 patented claims totaling 2,832 ha. Prior drilling (YOR25-001R) cut 89.9 m @ 0.23 g/t Au; additional fall drilling is planned.
Lahontan Gold (OTCQB:LGCXF) ha completato l'acquisto di 27 rivendicazioni York non brevettate contigue all'angolo sud-orientale del Santa Fe Mine Project il 23 ottobre 2025.
L'azienda ha pagato US$10,000, emesso una cambialetta promissoria di US$50,000 (interessi mensili dello 1%, scadenza sei mesi) e emesso 2.000.000 azioni ordinarie a Emergent/GAMC. Lahontan ha concesso una royalty NSR dell'1% sulle concessioni York con opzioni di riacquisto: US$500,000 prima del terzo anno o US$1,000,000 tra gli anni 3–7.
Le concessioni York espandono le partecipazioni di Lahontan a 415 rivendicazioni lode non brevettate, 67 rivendicazioni di millsite non brevettate e 24 rivendicazioni brevettate, per un totale di 2.832 ha. I sondaggi precedenti (YOR25-001R) hanno registrato 89,9 m @ 0,23 g/t Au; sono programmati ulteriori sondaggi autunnali.
Lahontan Gold (OTCQB:LGCXF) completó la compra de 27 reclamaciones York no patentadas contiguas a la esquina sureste del Santa Fe Mine Project el 23 de octubre de 2025.
La compañía pagó US$10,000, emitió una nota promisoria de US$50,000 (interés del 1% mensual, vencimiento a seis meses) y emitió 2,000,000 de acciones comunes a Emergent/GAMC. Lahontan otorgó una regalía NSR del 1% sobre las reclamaciones York con opciones de recompra: US$500,000 antes del año 3 o US$1,000,000 entre los años 3–7.
Las reclamaciones York aumentan las participaciones de Lahontan a 415 reclamaciones de veta no patentadas, 67 reclamaciones de sitio de planta no patentadas y 24 reclamaciones patentadas que totalizan 2,832 ha. Perforaciones previas (YOR25-001R) revelaron 89.9 m @ 0.23 g/t Au; se planifican más perforaciones en otoño.
Lahontan Gold (OTCQB:LGCXF)은 Santa Fe Mine Project의 남동쪽 모퉁이에 인접한 27개의 York 미특허 채굴권을 2025년 10월 23일에 구매 완료했습니다.
회사은 미화 10,000달러를 지불했고, 미화 50,000달러의 약속어음을 발행했으며(월 이자 1%, 만기 6개월) Emergent/GAMC에 2,000,000주의 보통주를 발행했습니다. Lahontan은 York 채권에 대해 1%의 NSR 로열티를 부여하고, 만기 전 3년 이내에는 미화 500,000달러, 3~7년 사이에는 미화 1,000,000달러의 재매입 옵션을 제공합니다.
York 채권은 Lahontan의 보유를 415개의 특허받지 않은 로데 도합, 67개의 특허받지 않은 광역지, 24개의 특허 채권으로 확장하고 총 면적은 2,832 ha에 이릅니다. 이전 시추(YOR25-001R)에서 89.9 m @ 0.23 g/t Au가 확인되었으며, 가을 추가 시추가 계획되어 있습니다.
Lahontan Gold (OTCQB:LGCXF) a finalisé l'acquisition de 27 concessions York non brevetées contiguës à l'angle sud-est du Santa Fe Mine Project le 23 octobre 2025.
L'entreprise a payé US$10 000, émis une promesse de prêt de US$50 000 (intérêt mensuel de 1 %, échéance six mois) et a émis 2 000 000 d'actions ordinaires à Emergent/GAMC. Lahontan a accordé une royauté NSR de 1% sur les claims York avec des options de rachat : US$500 000 avant la troisième année ou US$1 000 000 entre les années 3 et 7.
Les claims York étendent les participations de Lahontan à 415 claims non brevetés d'allocation, 67 claims non brevetés de site de traitement et 24 claims brevetés, pour un total de 2 832 ha. Des forages antérieurs (YOR25-001R) ont donné 89,9 m à 0,23 g/t d'or; d'autres forages automnaux sont prévus.
Lahontan Gold (OTCQB:LGCXF) hat den Kauf von 27 unpatented York Claim-Rechten, angrenzend an die südöstliche Ecke des Santa Fe Mine Project, am 23. Oktober 2025 abgeschlossen.
Das Unternehmen zahlte US$10.000, emittierte einen US$50.000 Promissory Note (monatliche Zinsrate 1%, fällig in sechs Monaten) und emittierte 2.000.000 Stammaktien an Emergent/GAMC. Lahontan gewährt eine 1%-NSR-Royalty auf die York-Claims mit Rückkaufoptionen: US$500.000 vor Jahr 3 oder US$1.000.000 zwischen Jahren 3–7.
Die York-Claims erweitern Lahontans Beteiligungen auf 415 unpatented Lode Claims, 67 unpatented Millsite Claims und 24 patentierte Claims mit einer Gesamtfläche von 2.832 ha. Frühere Bohrungen (YOR25-001R) ergaben 89,9 m bei 0,23 g/t Au; weitere Herbstbohrungen sind geplant.
Lahontan Gold (OTCQB:LGCXF) أكملت شراء 27 مطالبة York غير المحفوظة المتجاورة مع الزاوية الجنوبية الشرقية من مشروع Santa Fe Mine في 23 أكتوبر 2025.
دَفعت الشركة 10,000 دولار أمريكي، وأصدرت سنداً وعدياً بقيمة 50,000 دولار أمريكي ف عاجل الفائدة الشهرية 1%، وبموجب 6 أشهر، وأصدرت 2,000,000 سهم عادي لـ Emergent/GAMC. منحت Lahontan عائداً NSR بنسبة 1% على مطالب York مع خيارات إعادة الشراء: 500,000 دولار قبل السنة 3 أو 1,000,000 دولار بين السنوات 3–7.
توسّع مطالب York حصة Lahontan إلى 415 مطالبة غير محمية، 67 مطالبة ساحة غير محمية و24 مطالبة محمية بإجمالي 2,832 هكتار. كشفت حفر سابق (YOR25-001R) عن 89.9 م عند 0.23 g/t Au؛ وتخطّط للمزيد من الحفر في الخريف.
Lahontan Gold (OTCQB:LGCXF) 已于 2025 年 10 月 23 日完成对 Santa Fe Mine Project 东南角相邻的 27 份 York 未专利权的购买。
公司支付了 US$10,000，发行了 US$50,000 的本票（月息 1%，到期六个月）并向 Emergent/GAMC 发行了 2,000,000 股普通股。Lahontan 对 York 权利设定了 1% 的 NSR 税，并设有回购选项：在第 3 年之前为 US$500,000，在第 3–7 年之间为 US$1,000,000。
York 权利将 Lahontan 的资产扩大为 415 个未专利记录权利、67 个未专利矿址权和 24 个已专利权利，总面积为 2,832 公顷。此前钻探（YOR25-001R）显示 89.9 m @ 0.23 g/t Au；计划于秋季进行进一步钻探。
- Land package increased to 2,832 ha (28.3 km2)
- Acquired 27 York claims contiguous to Santa Fe deposit
- Historic drill result: 89.9 m @ 0.23 g/t Au (YOR25-001R)
- Plans for additional drilling at York target this Fall
- Issued 2,000,000 shares, causing shareholder dilution
- Granted 1% NSR with buyback up to US$1,000,000
- Issued US$50,000 promissory note at 1% per month, due six months
TORONTO, ON / ACCESS Newswire / October 23, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has completed the Purchase (the "Purchase") of 27 unpatented lode mining claims (the "York claims") from Emergent Metals Corp ("Emergent"). The York claims are contiguous with the southeast corner of the Santa Fe Mine Project and provide a compelling opportunity to significantly expand oxide gold and silver mineral resources previously defined at the York deposit*. Modeling of drill data during the mineral resource estimation process suggests that gold and silver mineralization likely extends onto the York claims. This targeting concept was in part validated by Lahontan's recent drilling campaign where reverse-circulation drill hole YOR25-001R cut 89.9 metres (45.7 - 135.6m) grading 0.23 g/t gold (please see Lahontan Gold News Release dated September 2, 2025). The Company is currently planning additional drilling at the York target area for this Fall. With the addition of the York claims, the Company now owns or controls 415 unpatented lode mining claims, 67 unpatented millsite claims, and 24 patented lode mining claims encompassing over 2,832 ha or 28.3 km2 of mineral rights in one of the World's premier gold belts: Nevada's Walker Lane.
Kimberly Ann, Lahontan Founder, Chair, CEO, and President commented: "Lahontan is excited to have completed the Purchase of the York claims. The gold and silver resource expansion potential, combined with the ability to further layback the York pit in potential future mining operations, makes the Purchase a strategic acquisition for the Company. Lahontan now controls a district-scale land package that, despite prolific past production and the completion of over 1,200 drill holes, remains largely unexplored with multiple targets for resource expansion and new discoveries."
Terms of the Purchase include:
Lahontan has paid Emergent's U.S. subsidiary, Golden Arrow Mining Corporation ("GAMC"), a sum of US
$10,000. Lahontan has issued GAMC a US
$50,000 promissory note, with a1% per month interest rate, and payable within six months of signing this announcement.Lahontan has issued 2,000,000 common shares of Lahontan Gold Corp. to Emergent.
GAMC will facilitate the transfer of the York Claims to Lahontan or its designee, to be completed within 30 days of today's date.
As part of the transfer, Lahontan has granted GAMC a
1% NSR royalty (the "Royalty") on the York Claims. At any time before the third anniversary of the Agreement, Lahontan may purchase the Royalty for US$500,000. After the third and before the seventh anniversary of the Agreement, Lahontan may purchase the Royalty for US$1,000,000.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq(48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com
* Please see the "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project", Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company's website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US
Qualified Person
Brian J. Maher, M.Sc., CPG-12342, is a "Qualified Person" as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all disclosure other than the Mineral Resource Estimate as noted above. Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email: Kimberly.ann@lahontangoldcorp.com
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange("TSXV") 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 historical 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 words, 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. 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.sedarplus.com.
SOURCE: Lahontan Gold Corp
View the original press release on ACCESS Newswire
FAQ
What did Lahontan (LGCXF) acquire on October 23, 2025?
What were the payment terms Lahontan paid for the York claims (LGCXF)?
How does the York purchase change Lahontan's land holdings (LGCXF)?
What royalty did Lahontan grant on the York claims and can it be repurchased?
Did Lahontan report drill results supporting the York acquisition (LGCXF)?
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