Lode Gold Completed Internal Scoping Study at Fremont, Mariposa; Initiates Process to Seek Joint Venture Partner
Lode Gold Resources (OTCQB: LODFF) has completed an Internal Scoping Study for its Fremont gold project in California, focusing on a 100% underground bulk mining scenario. The company has retained EAS Advisors and Red Cloud Securities to seek a Joint Venture partner and evaluate potential gold production starting in early 2028.
The project envisions scaling up from 4,000 to 6,000 tonnes per day, with the current PEA projecting 136,000 oz gold production annually. The resource base includes 1M oz Measured & Indicated and 2M oz Inferred. Key features include underground crushing, elimination of cyanide use, and initial pilot plant operations at 300-500 tpd. The project will utilize only 20% of the company's 3,351 acres of patented land.
Lode Gold Resources (OTCQB: LODFF) ha completato uno Studio di Scoping interno per il progetto Fremont in California, concentrandosi su uno scenario di estrazione mineraria sotterranea in blocco al 100%. L'azienda ha incaricato EAS Advisors e Red Cloud Securities per cercare un partner in Joint Venture e valutare la potenziale produzione d'oro a partire da inizio 2028.
Il progetto prevede di aumentare da 4.000 a 6.000 tonnellate al giorno, con la PEA attuale che proietta una produzione di 136.000 oz di oro all'anno. La base di risorse comprende 1 M oz Misurate e Indicata e 2 M oz Inferite. Caratteristiche chiave includono frantumazione sotterranea, eliminazione dell'uso di cianuro e operazioni iniziali di impianto pilota a 300-500 tpd. Il progetto utilizzerà solo il 20% dei 3.351 acri di terreno brevettato della società.
Lode Gold Resources (OTCQB: LODFF) ha completado un Estudio de Alcance interno para su proyecto Fremont en California, enfocándose en un escenario de minería subterránea a granel al 100%. La empresa ha contratado a EAS Advisors y Red Cloud Securities para buscar un socio en Joint Venture y evaluar la posible producción de oro a partir de principios de 2028.
El proyecto contempla escalar de 4.000 a 6.000 toneladas por día, y la PEA actual proyecta una producción de 136.000 oz de oro anuales. La base de recursos incluye 1 M oz Medidas e Indicadas y 2 M oz Inferidas. Características clave incluyen trituración subterránea, eliminación del uso de cianuro y operaciones iniciales de planta piloto a 300-500 tpd. El proyecto utilizará solo el 20% de las 3.351 acres de tierras patentadas de la compañía.
Lode Gold Resources (OTCQB: LODFF)는 캘리포니아주 프리몬트 금 프로젝트에 대한 내부 스코핑 연구를 완료했으며, 100% 지하 대규모 채굴 시나리오에 초점을 맞추고 있습니다. 회사는 공동 벤처 파트너를 찾고 2028년 초부터의 잠재 금 생산을 평가하기 위해 EAS Advisors와 Red Cloud Securities를 선정했습니다.
프로젝트는 4,000에서 6,000톤/일로 확장을 상정하며, 현재 PEA는 연간 136,000온스의 금 생산을 전망합니다. 자원 기반은 측정 및 명시 100만 트로이온스, 추정 200만 트로이온스를 포함합니다. 주요 특징으로는 지하 파쇄, 시안화물 사용 제거, 300-500 tpd의 초기 파일럿 플랜트 운용이 있습니다. 프로젝트는 회사의 특허 지대 3,351에이커 중 20%만 활용할 예정입니다.
Lode Gold Resources (OTCQB: LODFF) a terminé une étude d’envergure interne pour son projet Fremont en Californie, axée sur un scénario d’exploitation souterraine en vrac à 100%. L’entreprise a retenu EAS Advisors et Red Cloud Securities pour chercher un partenaire en coentreprise et évaluer une production potentielle d’or à partir de début 2028.
Le projet prévoit une montée en puissance de 4 000 à 6 000 tonnes par jour, et la PEA actuelle prévoit une production d’or de 136 000 oz par an. La base de ressources comprend 1 M oz Mesurées et Indiquées et 2 M oz Inférées. Les caractéristiques clés incluent le concassage sous-terrain, l’élimination de l’usage du cyanure et des opérations pilotes initiales à 300-500 tpd. Le projet n’utilisera que 20 % des 3 351 acres de terres brevetées de la société.
Lode Gold Resources (OTCQB: LODFF) hat eine interne Scoping-Studie für das Fremont-Goldprojekt in Kalifornien abgeschlossen, die sich auf ein 100%-Untertagest bulk-mining-Szenario konzentriert. Das Unternehmen hat EAS Advisors und Red Cloud Securities beauftragt, einen Joint-Venture-Partner zu suchen und eine mögliche Goldproduktion ab Anfang 2028 zu bewerten.
Das Projekt sieht eine Steigerung von 4.000 auf 6.000 Tonnen pro Tag vor, wobei die derzeitige PEA eine Jährliche Goldproduktion von 136.000 oz prognostiziert. Die Ressourcenbasis umfasst 1 Mio. oz Gemessen & Indiziert und 2 Mio. oz Abgeleitet. Wichtige Merkmale sind untertägige Zerkleinerung, Wegfall der Cyanidverwendung und erste Pilotanlagen bei 300-500 tpd. Das Projekt wird nur 20% des patentierten Landbesitzes von 3.351 Acres nutzen.
Lode Gold Resources (OTCQB: LODFF) أكملت دراسة نطاق داخلي لمشروع فريمانت للذهب في كاليفورنيا، مع التركيز على سيناريو التعدين التحت أرضي بالجملة بنسبة 100%. قامت الشركة بتعيين EAS Advisors و Red Cloud Securities للبحث عن شريك في مشروع مشترك وتقييم إنتاج محتمل من الذهب ابتداءً من أوائل 2028.
يتصور المشروع زيادة الإنتاج من 4,000 إلى 6,000 طن يوميًا، مع توقع PEA الحالي إنتاج ذهب سنوي قدره 136,000 أوقية. قاعدة الموارد تشمل 1 مليون أوقية موثقة ومحددة و2 مليون أوقية مستنتجة. الميزات الرئيسية تشمل التكسير تحت الأرض، إزالة استخدام السيانيد، وتشغيل أولي لمرفق تجريبي عند 300-500 طن/اليوم. سيستخدم المشروع فقط 20% من فِدَان الشركة البالغة 3,351 فداناً من الأراضي المحفوظة.
Lode Gold Resources (OTCQB: LODFF) 已完成位于加利福尼亚州弗里蒙特金矿项目的内部范围研究，聚焦于一个 100%地下大规模开采情景。公司已聘请 EAS Advisors 和 Red Cloud Securities 寻找合资伙伴并评估潜在的金产量，预计在 2028 年初开始。
该项目设想将日处理量从 4,000 吨增至 6,000 吨，当前的经济评估(PEA) 预计年金产量为 136,000 盎司金。资源基础包括 100 万盎司的探测与指示资源，以及 200 万盎司的推断资源。关键特征包括地下破碎、避免使用氰化物，以及以 300-500 吨/日 的初步试生产厂运营。该项目将仅使用公司 3,351 英亩专利土地中的 20%。
- None.
- Extended timeline with production not starting until 2028
- 36-month evaluation period before Final Investment Decision
- Requires significant capital investment through Joint Venture partner
- Surface oxides (0-60m) will not be processed on site, potentially limiting early revenue
Toronto, Ontario--(Newsfile Corp. - September 29, 2025) - Lode Gold Resources Inc (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold") is pleased to report that it has completed Internal Scoping Study for a pivot to evaluate a
EAS Advisors in New York and Red Cloud Securities have been retained to seek a Joint Venture (JV) partner for investment and to evaluate the potential for a gold pour (pilot plant/test mining) in early 2028 with a full ramp up by 2030.
The evaluation will take 36 months and the Final Investment Decision (FID) will be in 2028.
There are plans to optimize the Preliminary Economic Assessment (PEA) completed in 2023 and possibly a scale up from 4,000 to 6,000 tonnes per day (tpd), pending rock mechanics analysis and engineering studies. At 4,000 tpd, the PEA cited gold production of 136,000 Oz gold per year. The 2023 PEA was based 1 M oz Measured and Indicated (M&I) and 2 M oz Inferred.
Evaluation to be conducted include:
- A mine plan that will only use
20% of the 3,351 acres of100% owned patented land (surface + mineral rights); thereby minimizing footprint and disturbance - No open pit,
100% underground with crushing to be done underground - Elimination of the use of cyanide. The oxides at surface (0-60m) will not be processed on site
- Utilization of a portable mill, estimated to be 300-500 tpd initially for the Phase 1 - Pilot Plant/Test Mining for the first 3 years
- Rehabilitation of part of the 23km of underground workings for Phase 1 operations
- Access to be from the hanging wall with metamorphic rocks, instead of the footwall with friable sedimentary rocks
The Mineral Resource Estimate (MRE), updated recently, separated two mineralization domains (veins and stockwork) in order to enable the evaluation to pivot the project to full underground mining. The PEA is based on 2,000 tpd open pit (oxides + sulphides) and 4,000 tpd underground (sulphides). The strategy pivot to
- Half of the gold is in the stockwork outside of the veins (completely unmined)
- Average true width's taking into account both veins and stockwork: 53 m for 1 g/t cut-off and 17 m for 3 g/t cut-off
Jonathan Hill, Director and Technical Committee Chair, "This internal scoping study underpins a strategy to re-engineer and restart a past producing high grade gold mine at Fremont. This provides a significantly important near - term production base supporting the United States government's stated aim of supporting domestic gold production. "
About EAS Advisors LLC
EAS Advisors LLC is a private New York-based boutique corporate advisory firm specializing in Natural Resources and Commodities. More information can be accessed here https://easadvisors.com
About Red Cloud Securities
Red Cloud is a mining investment bank that has raised over C
About Lode Gold
Lode Gold 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 square kilometres across a 27-kilometre 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 National Instrument 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 square kilometres (about half the area of San Antonio, Texas) and a 44-kilometre strike. McIntyre Brook covers 111 square kilometers and a 17-kilometre 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-square-kilometre package covering a 26-kilometre strike of Wapske formation with its numerous felsic units. An NI 43-101 technical report has been completed in August, 2024.
In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant MRE that can be accessed here https://lode-gold.com/project/fremont-gold-usa
Fremont was previously mined during the Gold Rush until gold mining prohibition in WWII, when its mining license was suspended. Only
Recently, the Company completed an internal scoping study, with a strategic pivot to
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
Information Contact:
Wendy T. Chan
CEO
info@lode-gold.com
+1-(604)-977-GOLD (4653)
Kevin Shum
Investor Relations
kevin@lode-gold.com
+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 business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, 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/268350
FAQ
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