Business
Lode Gold (Formerly Stratabound) Receives Expression of Interest on Yukon and New Brunswick Assets
Toronto, Ontario--(Newsfile Corp. - March 6, 2024) - Lode Gold Resources Corp. (TSXV: LOD) (OTCQ...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Lode Gold (Formerly Stratabound) Receives Expression of Interest on Yukon and New Brunswick AssetsToronto, Ontario--(Newsfile Corp. - March 6, 2024) - Lode Gold Resources Corp. (TSXV: LOD) (OTCQB: SBMIF) (\"Lode Gold \" or the \"Company\" and formerly Stratabound Minerals) is pleased to provide a corporate update.Lode Gold acknowledges receiving an expression of interest from an independent third party regarding the possible acquisition of specific assets owned by Lode Gold. It is important to note that as of now, the Company has not entered into any legally binding agreements related to this potential merger and/or acquisition.Wendy T. Chan, Lode Gold's CEO, comments, \"The key to our strategic plan to unlock value for our shareholders includes separating our assets and building on our technical and corporate teams. Our Yukon and New Brunswick properties, in highly prospective gold belts, could each be standalone company-makers.\"Buddy Doyle, Lode Gold's VP Exploration, states, \"In November 2020 the Company's market cap with just the Yukon and New Brunswick properties was $30 million. In aggregate, more than $10 million was spent on these assets. Clearly, there were times when the market saw value; we will likely regain some of the value as soon as we initiate drill plans and have the funding to support the work.\"ABOUT LODE GOLDLode Gold is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions.Its Golden Culvert and Win Projects, Yukon, covering 99.5 km2 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. Gold deposits and occurrences within the Belt include Fort Knox, Pogo, Brewery Creek and Dublin Gulch, and Snowline Gold's Valley target on its Rogue property in the Selwyn Basin.Its McIntyre Brook Project, New Brunswick, covering 120 km2 and a 17-km strike length in the emerging Triple Fault Gold Belt, is surrounded by Puma Exploration's Williams Brook Project (5.55 g/t Au over 50m) and is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project.The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has ...