Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in
Lode Gold Engages Strategic Advisors to
Advance Development of the Fremont Mine in
Gold County- Mariposa, California
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) -
Lode Gold Resources Inc. (TSXV: LOD)
(OTCQB: LODFF) ("Lode Gold" or the "Company")
is pleased to announce that it has engaged
experienced capital markets and strategic advisors to support the advancement of its Fremont Mine in
Mariposa, California. These advisors will assist in securing strategic investors and partners as the
Company moves into the next phase of development.
As part of its current development strategy, Lode Gold is also engaging with mining contractors and
progressing with engineering evaluations aimed at optimizing the mine plan and initiating permitting. The
Company's evaluation is focused on three key priorities:
High-grading during early production years
to enhance initial project economics
Scaling production to over 100,000 ounces per year
in later phases
Initiating small-scale production in the near term
, to align with Trump Administration's March
2025 Executive Order that prioritizes the extraction of critical minerals, including gold, within the
United States
"Our objective is to take a disciplined and scalable approach to developing the Fremont Project," said
Wendy T. Chan, CEO and Director at Lode Gold. "By securing the right strategic partnership, we will
focus on various technical initiatives to optimize project economics, expedite permitting and get to
production in near term. Being in a jurisdiction that is now increasingly aligned with domestic resource
development, Fremont presents an interesting investment opportunity."
The Fremont Mine is an advanced-stage exploration and development asset, on 100% private and
patented land. It is located in Mariposa, an Opportunity Zone designated to attract investments with tax
incentives provided by Trump's Administration. The 2023 Preliminary Economic Assessment (PEA)
outlined positive project economics at a gold price of USD $1,750, based on an annual production rate
of approximately 130,000 ounces. More recently, an NI 43 -101 compliant mineral resource estimate
(
MRE 2025
) was completed with a new geological model that separately evaluated vein and stockwork
mineralization. Only 8% of the total mineral resource, filed at
SEDAR+ (April 2025)
has been extracted,
mostly in the first 250 m. At a 1 g/t cut-off, the average true width is 53 m (at 3 g/t cut-off, the width is 16.8
m).
Upcoming Near Term 2025-2026 Catalysts:
Rehabilitation of 2 km underground workings
Expedite access to two adits, out of a total of 14
Channel sampling to upgrade resources to M&I
Metallurgy and Recovery Studies
Geotechnical work and rock mechanics assessments
Drilling 3,000 m to initiate Pre-Feasibility Study
Completion of Pre-Feasibility Study (underground bulk mining and other optimized methods will be
evaluated)
About Lode Gold
Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective
and safe mining jurisdictions in Canada and the United States.
In Canada, its assets in Yukon sit on the southern portion of the prolific Tombstone Belt. It covers 99.5
km
2
across a 27 km strike. Over 4,500 m have been drilled with confirmed gold endowment and
economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to
sedimentary-hosted orogenic exploration gold.
In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd. (soon to be spun out into Gold
Orogen), has created one of the largest land packages with its Acadian Gold Joint Venture, consisting of
an area that spans 445 km
2
with a 44 km strike. It has confirmed gold endowment with mineralized
rhyolites.
In preparation for the spin-out, NI 43 101 technical reports have been prepared for all assets in Yukon
and New Brunswick in 2024.
In the United States, the Company is focused on its advanced exploration and development asset, the
Fremont Mine in Mariposa, California. According to the NI 43- 101 Compliant
2025 MRE, the asset
contains 1.3 Moz at 4.4 g/t (3 g/t cut-off) with an average true width: 16.8 m.
Fremont was previously mined at 10.7 g/t. During gold mining prohibition in WWII, its mining license was
suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has
exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were
mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground
workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads,
railhead and port.
Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground
mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic
Assessment ("PEA") with an open pit and underground combination mine. The NI 43-101 technical
reports are available on the Company's profile on SEDAR+ (
www.sedarplus.ca
) and the Company's
website (
www.lode-gold.com
)
.
Qualified Person Statement
The scientific and technical information contained in this press release has been reviewed and approved
by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a
"qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI 43-101").
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
Information Contact:
Winfield Ding
CFO
+1-(604)-977-GOLD (4653)
Jenna Mosher
Investor Relations
+1 (604) -977-GOLD (4653)
Cautionary Note Related to this News Release and Figures
This news release contains information about adjacent properties on which the Company has no right to
explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative
of mineral deposits on the Company's properties.
Cautionary Statement Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release includes "forward-looking statements" and "forward-looking information" within the
meaning of Canadian securities legislation. All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, statements
with respect to the use of proceeds, advancement and completion of resource calculation, feasibility
studies, and exploration plans and targets. Forward-looking statements include predictions,
projections and forecasts and are often, but not always, identified by the use of words such as
"anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and
statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and
other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while
considered reasonable by management based on the business and markets in which the Company
operates, are inherently subject to significant operational, economic, and competitive uncertainties,
risks and contingencies. These include assumptions regarding, among other things: the status of
community relations and the security situation on site; general business and economic conditions; the
availability of additional exploration and mineral project financing; the supply and demand for,
inventories of, and the level and volatility of the prices of metals; relationships with strategic partners;
the timing and receipt of governmental permits and approvals; the timing and receipt of community
and landowner approvals; changes in regulations; political factors; the accuracy of the Company's
interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the
availability of equipment, skilled labour and services needed for the exploration and development of
mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.
There can be no assurance that forward-looking statements will prove to be accurate and actual
results, and future events could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's expectations include a
deterioration of security on site or actions by the local community that inhibits access and/or the ability
to productively work on site, actual exploration results, interpretation of metallurgical characteristics of
the mineralization, changes in project parameters as plans continue to be refined, future metal prices,
availability of capital and financing on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals,
unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or
another infectious illness, and other exploration or other risks detailed herein and from time to time in
the filings made by the Company with securities regulators, including those described under the
heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does
not undertake to update or revise any forward-looking statements, except in accordance with
applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256755