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Two New Reduced Intrusive (RIRGS) Targets, Totalling Four, Identified at Tombstone Belt, Yukon - Gold Orogen, New Spin Co of Lode Gold
Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (O...
About this update from Lode Gold Resources Inc
[{"type":"text","content":"Two New Reduced Intrusive (RIRGS) Targets, Totalling Four, Identified at Tombstone Belt, Yukon - Gold Orogen, New Spin Co of Lode GoldToronto, Ontario--(Newsfile Corp. - November 13, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) (\"Lode Gold \" or the \"Company\") is pleased to announce the results of our ongoing interpretation of data collected during the summer 2024 QMAGT survey.Importantly, two additional RIRGS targets \"Stingray\" and \"Camp\" have been defined on the Golden Culvert property as a direct result of incorporating the new geophysical data with existing geochemical datasets. These new targets complement the RIRGS targets already identified (a total of four highly prospective RIRGS targets, namely \"Border\", \"Steelhead\", \"Stingray\" and \"Camp\") by Gold Orogen, subsidiary of Lode Gold, on its nearby WIN property.Field verification of both the \"Stingray\" and \"Camp\" targets is scheduled for next season whereby geologists will endeavour to confirm the presence of the targeted hornfels and/or intrusive suites while collecting geochemical data from soils and rocks in the area. The Golden Culvert property is remarkable in that it contains a 15 km long soil and stream multi-element Au, As, +/-Bi+/-Sb, +/-Pb, +/- Zn geochemical anomaly of which only a small 800 m section (called \"Main\") has seen drill testing. Prior exploration at Golden Culvert has already successfully demonstrated an extensive gold bearing, anastomosing quartz vein system hosted in meta-sediments considered to be an orogenic style of gold mineralization. The newly identified RIRGS targets significantly enhance the overall endowment potential at Golden Culvert, building upon the already considerable potential identified from the established orogenic styles of mineralization concentrated at the \"Main\" site, which have historically been the primary focus of exploration within this vast, high potential area. Highlights include: Recent QMAGT system geophysical results integrated with geology and historic geochemical information has identified two new RIRGS prospects on the Golden Culvert property, named \"Stingray\" and \"Camp\". The Golden Culvert property contains a remarkable 15 km long series of gold in soil anomaly trending NW parallel to the regional structural fabric. One 800 m zone has been drilled tested, the \"Main\" targ...