Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced the appointment of Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The news, disseminated via NetworkNewsBreaks, underscores the company's efforts to strengthen its financial management team as it advances permitting for the Santa Fe Mine and targets a restart of production in 2027.
Choi brings a wealth of experience in the mining and royalty sectors. He most recently served as vice president of finance at Lithium Royalty Corp., where he played a key role in its initial public offering, public-company reporting, financial controls, and its subsequent acquisition by Altius Minerals. His background in guiding a company through a major transaction and public listing is particularly relevant as Lahontan Gold seeks to transition from exploration and development to production.
The appointment comes at a critical juncture for Lahontan Gold. The company's flagship Santa Fe Mine project, located in the Walker Lane of mining-friendly Nevada, has a rich history. Between 1988 and 1995, the mine produced 359,202 ounces of gold and 702,067 ounces of silver from open pit mines utilizing heap-leach processing. Today, the project boasts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.
Lahontan Gold's plans for 2025 include updating the Santa Fe Preliminary Economic Assessment and drill testing its satellite West Santa Fe project. The company aims to continue advancing the Santa Fe Mine towards production, with a targeted restart in 2027. To view the full press release, visit https://nnw.fm/BUdJ8.
The addition of a CFO with Choi's credentials is a significant step for Lahontan Gold. As a development-stage company, securing experienced financial leadership is essential for navigating the complex permitting, financing, and operational challenges that lie ahead. Choi's experience with public-company reporting and financial controls will be invaluable as Lahontan Gold works to update its technical reports, secure necessary permits, and ultimately bring the Santa Fe Mine back into production.
Investors and industry observers will be watching closely to see how Choi's appointment impacts Lahontan Gold's trajectory. The company's ability to attract top talent like Choi may signal confidence in its projects and strategy. For more information, please visit the company's website at www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available in the company's newsroom at http://nnw.fm/LGCXF.
The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. The Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project, with an effective date of December 10, 2024, and report date of January 24, 2025, is available on the Company's website and SEDAR+.
