Lode Gold Leverages Artificial Intelligence to Drive Exploration and Growth in Yukon
Lode Gold Leverages Artificial Intelligence to
Drive Exploration and Growth in Yukon
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) -
Lode Gold Resources Inc. (TSXV: LOD)
(OTCQB: LODFF) ("Lode Gold" or the "Company")
is pleased to announce it will be using the AI-
assisted mineral discovery platform offered by VRIFY Technology Inc. ("VRIFY"). Vrify, based in
Vancouver, Canada, is a worldwide leader in utilizing AI technology that leads to more efficient mineral
exploration. Lode Gold will apply the advanced AI-assisted discovery platform to refine and validate
exploration plans and targets at Lode Gold's Golden Culvert Project in Yukon, accelerating data-driven
decision-making and enhancing exploration outcomes.
GOLD OROGEN APPOINTS INDUSTRY VETERAN GARY WONG AS NEW VP OF
EXPLORATION
The Company is pleased to announce the appointment of Gary Wong as Gold Orogen's VP of
Exploration to advance its Canadian assets in New Brunswick and Yukon. Gary will lead the team as the
company expands fieldwork in New Brunswick, including soil sampling, trenching, and drill testing this
season. In Yukon, he will oversee fieldwork-mapping, soil sampling, and channel sampling to develop
drill targets.
"We are pleased to appoint Gary Wong as VP of Exploration. With over 30 years of experience in
mining exploration and production, including significant work on projects such as Seabee, Mt. Milligan,
and Bulyanhulu, Gary brings valuable expertise to our team," comments Wendy T. Chan, CEO and
Director of Lode Gold. "His extensive background working in diverse environments will be important as
we advance our exploration programs in New Brunswick and Yukon."
Gary is a seasoned professional with over 30 years of global experience in mining exploration and
production. He began his career with a decade-long tenure at Placer Dome Inc., leading projects from
grassroots to feasibility studies. Notable projects include Seabee, Mt. Milligan, Bulyanhulu, Endako
Mine, and Las Cristinas. Gary has worked extensively across Canada, Europe, Latin America, and
Africa, adapting to diverse environments from the Arctic to the Tropics.
PRIVATE PLACEMENT
Further to its non-brokered private placement offering originally announced on
February 15, 2025
, the
Company is extending the closing of the private placement until May 31, 2025.
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 Golden Culvert and WIN
Projects in Yukon, covering 99.5 km
2
across a 27-km strike length, are situated in a district-scale, high
grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four
RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed
in May 2024.
In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV
Co; consisting of an area that spans 445 km
2
and a 44 km strike. McIntyre Brook covers 111 km
2
and a
17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar
age and structure as New Found Gold's Queensway Project. Riley Brook is a 335 km
2
package
covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report
has been completed in August 2024.
In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project
with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in
the 1930's. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it
was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins
have been exploited. The Company is the first owner to investigate an underground high grade mine
potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa
County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that
produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and
infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round
road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A
complete technical report will be filed 45 days later on SEDAR+.
Previously, in March 2023, the company completed an NI 43-101 Preliminary Economic Assessment
("PEA") for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold
gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV
(5%) is $217M. The project hosts an NI 43-101 resource of 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 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4
km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were
mineralized. All 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
).
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
Information Contact
Winfield Ding
CFO
+1-(604)-977-GOLD (4653)
Kevin Shum
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 completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the
Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE
and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. 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: that the Company and GRM will be able to
negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions
to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction,
that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the
transaction will provide the expected benefits to the Company and its shareholders.
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 adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to
negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make
submissions to the CSE and TSXV within the timeframe expected,
the failure of the Company and GRM to obtain shareholder approval for the
transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed 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/252816