- York Claims acquisition adds 2.1 km² of strategic mineral rights directly adjacent to existing gold resources, enabling significant pit expansion beyond current property boundaries
- Resource modeling from recent PEA demonstrates gold-silver mineralization extends into newly acquired territory, positioning Lahontan for substantial resource growth
- Transaction structure combining cash, equity, and royalty terms reflects disciplined capital allocation while securing immediate operational advantages
Mining companies pursuing growth face a fundamental choice: expand through exploration risk or consolidating proven ground adjacent to existing resources. While exploration offers discovery potential, strategic land acquisition near established mineralization provides more predictable pathways to resource expansion with lower geological risk.
Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) executed precisely, announcing the acquisition of 27 unpatented lode mineral claims directly south of its York pit at the Santa Fe Mine project. The York Claims acquisition represents textbook district consolidation, securing ground that resource modeling indicates…
NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at ibn.fm/LGCXF
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