Lahontan Gold Corp. announced that it has acquired an additional 794 hectares of mineral rights at its West Santa Fe Project, located only 15 km West of Lahontan's asset, the Santa Fe Mine, in Nevada's prolific Walker Lane. West Santa Fe now covers a of total 19.7 km2, the new mineral rights were acquired by low-cost staking of 95 unpatented lode mining claims by Lahontan's technical and management team.

New unpatented lode mining claim (DORA 1-95), West Santa Fe Project, Nevada. West Santa Fe hosts an oxidized gold-silver mineralized system in a geologic setting similar to the Santa Fe Mine. Previous exploration drilling at West Santa Fe totals over 13,000 metres in 171 drill holes; only five holes are deeper than 165 metres.

Preliminary modeling of historical drill hole data by Lahontan geologists outlines a shallow gold and silver system with a sufficient volume to host 0.5 to 1.0M ounces of oxidized gold and silver mineralization in an open-pit mining configuration. The new unpatented mining claims will be subject to the same 1.5% NSR Royalty terms outlined in the previously announced Binding Term Sheet and option agreement for West Santa Fe, including the low-cost buydown provision.