Lode GOLD Fremont GOLD MINE Fast-Tracks Development with 3,500 M FOR Pre-Feasibility Study
Trading symbols
LOD:TSX-V
LODFF:US
LODE GOLD FREMONT GOLD MINE FAST-TRACKS DEVELOPMENT
WITH 3,500 M FOR PRE-FEASIBILITY STUDY
April 13th, 2026, Lode Gold Resources Inc (TSX.V: LOD) (the “Company” or “Lode Gold”) is pleased to
announce an accelerated exploration and development strategy at its Fremont Gold Project in
Mariposa County, California, aimed at fast-tracking the Project toward a Pre-Feasibility Study (“PFS”)
with 3500 m of drilling in 2026 and subsequent Feasibility Study (“FS”) with 7800 m of drilling in
2028/2029.
The Company is advancing Fremont under a revised development approach focused on bulk
underground mining, supported by a growing Mineral Resource Estimate and strong geological
continuity seen at its deposit situated along the Mother Lode structural corridor.
Prefeasibility Study (PFS) 2026: 3,500 m Drill Program Planned
As part of the initial phase of work, Lode Gold will undertake a 3,500 meter drilling program
designed to support the ongoing Mineral Resource Estimate update and to advance technical
studies required for the PFS.
This program will include:
• 1,400 meters of metallurgical and geotechnical drilling in the Pine Tree - Josephine area
where historically it was at an average grade of 10.7 g/t
• 600 meters of hydrological and infill drilling in the Pine Tree - Josephine area
• 1,500 meters of step-out exploration drilling in the Chicken Gulch area
Spacing issue, need formatting.
The drilling is designed to further de-risk the project by improving geological confidence, supporting
mine design parameters, and expanding mineralization within the central structural corridor, where
only a limited portion of the total strike length has been incorporated into current resource models.
90% of the resource of the 2025 MRE came from the Pine Tree – Josephine project, covering only
800m of the 4 km of central corridor. Mineralization shows a remarkable continuity and
homogeneity in the grades similar to other greenstone and ophiolite hosted gold deposits. Gold
has only been extracted previously in 2 of the 7 deposits.
Trading symbols
LOD:TSX-V
LODFF:US
Jon Hill, Technical Committee Chair, Director of the Board, commented:
“At Fremont the company has clearly demonstrated mineralization characteristics, especially grade
x thickness and ounces per vertical meter metrics ideally suited for bulk underground mining and
expedited development. Significant mineralization widths coupled with excellent grade continuity
contribute to an already exceptional mineral resource inventory of some 3 M oz defined to date over
just an 800-metre strike segment of the broader 4km mineralized trend identified to date at this
project.”
Chicken Gulch lies within the broader central Mother Lode structural corridor, where only
approximately 20% of the first 500 meters of strike length is currently included in the existing MRE.
The planned drilling aims to test extensions of mineralization along this corridor and potentially
expand resource areas close to the central trend.
*(1 g/t cut-off, 90% inferred)
The Company is targeting completion of the PFS by Spring 2027.
Bill Fisher, Technical Advisory Board , added: “There are very few projects that can realistically
advance to a Pre-Feasibility Study within a 15-month timeframe. Fremont benefits from an extensive
historical database, strong geological continuity, and a rapidly growing resource base, which together
allow us to significantly accelerate the technical work required to reach that milestone. ”
Feasibility Study (FS) 2028/2029: 7,800 m Underground Drill Program Planned
Following completion of the PFS, the Company plans to undertake an additional 7,800 meter
underground drilling program as part of the Feasibility Study stage.
This program will be conducted from two parallel exploration ramps , each approximately 2,200
meters in length , developed along the mineralized body. These ramps will provide direct
underground access for drilling, significantly improving the accuracy of geological, geotechnical, and
metallurgical data collection.
Importantly, these exploration ramps are expected to be incorporated into the future mining
operation, forming part of the initial underground development infrastructure and supporting a
phased transition toward production.
Accelerated Path to Development
Wendy T. Chan, CEO and Director, Lode Gold, commented:
Trading symbols
LOD:TSX-V
LODFF:US
“We are implementing a clear and disciplined strategy to fast-track Fremont from resource
definition through to feasibility and ultimately development. The planned drilling programs are
designed not only to support the PFS, but also to position the Project for a seamless transition into
the Feasibility Study stage and future mine development. Fremont is advancing as a scalable
underground project with strong fundamentals and a clear path forward. ”
Advancing Fremont through the PFS and into the Feasibility Study represents a key step in
unlocking the full value of the Project. The last time Fremont reached a comparable level of
technical advancement was in 1986 under a different development concept. The current strategy,
focused on bulk underground mining, reflects both improved geological understanding and
favorable market conditions, positioning the Project for modern development.
About Lode Gold
Lode Gold has key assets in Canada and United States.
Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa,
California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts.
Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when
price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz
at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a
composite cut-off1. MRE (link) was updated in 2025; 92% of the ounces were left unmined. Average
true widths at 1g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented
land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).
Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a
2013 PEA, MRE (link to report) : 376,000 oz at 0.94 g/t (M&I) and 47,000 oz at 0.71 g/t (Inferred.
Qualified Person
The technical information contained in this press release was reviewed and approved by Gary
Wong, P .Eng., Vice President of Exploration of Lode Gold, designated as a qualified person under
National Instrument 43-101.
ON BEHALF OF THE COMPANY
1 0.25 g/t for oxide, 0.45 g/t for open pit mineralization and 1.45 g/t for underground mineralization
Trading symbols
LOD:TSX-V
LODFF:US
Wendy T. Chan
CEO & Director
+1(604) 977-GOLD (4653)
Kevin Shum
Investor Relations
+1(604) 977-GOLD (4653)
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; and currency fluctuations.
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
Trading symbols
LOD:TSX-V
LODFF:US
business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, business
disruptions, 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.