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Lahontan Gold Corp. ( (TSE:LG) ) has shared an update.
Lahontan Gold Corp. has acquired 27 unpatented lode mineral claims from Emergent Metals Corp., expanding its Santa Fe Mine Project by approximately 2.1 km². This strategic acquisition allows for the potential expansion of the York open pit, which could significantly increase the mineral resources in the area, enhancing the project’s scale and shareholder value. The transaction involves a series of payments and share issuances, along with a royalty agreement, and is subject to necessary approvals.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with a focus on gold and silver properties in Nevada’s Walker Lane. Its flagship property, the Santa Fe Mine project, has a history of significant gold and silver production and holds substantial mineral resources.
Average Trading Volume: 695,313
Technical Sentiment Signal: Buy
Current Market Cap: C$28.65M
For an in-depth examination of LG stock, go to TipRanks’ Overview page.