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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...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, CaliforniaToronto, 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 economicsScaling production to over 100,000 ounces per year in later phasesInitiating 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 25...