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Lode Gold Completed Internal Scoping Study at Fremont, Mariposa; Initiates Process to Seek Joint Venture Partner
Toronto, Ontario--(Newsfile Corp. - September 29, 2025) - Lode Gold Resources Inc (TSXV: LO...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Lode Gold Completed Internal Scoping Study at Fremont, Mariposa; Initiates Process to Seek Joint Venture PartnerToronto, 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 100% underground bulk mining scenario at its Fremont gold project in California, USA. 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 of 100% 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 siteUtilization of a portable mill, estimated to be 300-500 tpd initially for the Phase 1 - Pilot Plant/Test Mining for the first 3 yearsRehabilitation of part of the 23km of underground workings for Phase 1 operationsAccess to be from the hanging wall with metamorphic rocks, instead of the footwall with friable sedimentary rocksThe 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 100% underground mining eliminated the use of CN, minimizing disturbance and footprint and is based on the key findings in the 2025 MRE (filed April 2025)Half of the gold is in the stockwork outside of the veins (completely unmined)Average true width's taki...