High Priority Reduced Intrusion-Related Gold System (RIRGS) Drill Targets: Coincident Bismuth-Tellurium-Gold Anomalies
· Issued by Lode Gold Resources Inc via TheNewswire
(TheNewswire)
March 18, 2026 – TheNewswire - Lode Gold’s (LOD:TSXV | LODFF:OTBQB)
previous wholly owned subsidiary, Gold Orogen Resources Inc (CSE:OROG)
(the “Company” or “Gold Orogen”),
is pleased to announce exploration plans at
Golden Culvert & WIN projects in Yukon. Gold
Orogen (1475039 B.C. Ltd.) is a pre-discovery exploration play with
quality assets in Yukon and New Brunswick. Optionality exists as
assets are diversified on two mineral belts that are known to have
prolific gold endowments.
The successful 2025 season was designed to further
investigate targets across the 27 km mineralized trend which were
ranked after a property wide data compilation, airborne geophysics
using the SQUIDT system, and AI
targeting using VRIFY’s DORA platform. SQUIDT stands for
Superconducting Quantum Interference Device which is up to 10,000x
more sensitive than conventional magnetometers. The relationship
between magnetic highs and lows helps to map out intrusive rocks and
the associated hornfelsed sediments surrounding them and when combined
with geochemistry can support identification of Reduced Intrusion
Related Gold Systems (RIRGS).
Exploration plans for 2026 will focus on additional
sampling and drilling of 3-5 high priority targets with key geological
and structural characteristics consistent with the Company’s
exploration model. The three RIRGS targets are Border, Steelhead and
Stingray. The two orogenic targets are Spine and
Golden Dragon.
Border is the
highest priority drill target and is situated on the WIN claim block
(Figure 1).
Grab samples with grade up to 8.5
g/t Au with many others 1 g/t Au.
Sheeted quartz veins follow foliation over an area of
roughly ~2 km x 300 m and occur at a density of up to 10 veins/m
(Figure 2).
Magnetic highs correspond to strongly hornfelsed rocks
with elevated arsenic, tellurium and bismuth.
Ranked highly in a broad range of VRIFY AI targeting
exercises.
Spine is a new
discovery from the 2025 field program and is situated at the south end
of the Golden Culvert claim block (Figure 3) and had received no
previous sampling.
Grab samples with grade up to 0.111 g/t Au with visible
galena and arsenopyrite.
3 stacked quartz veins up to 1 m wide dipping to the
north (Figure 4).
Situated with linear magnetic high that extends 6 km
northwest to the Golden Culvert target.
Ranked more highly using orogenic models in VRIFY AI
targeting exercises.
Elevated bismuth evidenced in rocks at Stingray and
Spine with SQUIDT
overlay. (Figure 5).
Stingray was
identified as a potential RIRGS target based on the 2024
SQUIDT survey and is situated 1.2 km southwest of Spine and had
received no previous sampling.
Grab samples with grade up to 0.114 g/t Au in a sample
with abundant pyrite.
Sheeted quartz veins on Stingray near strongly
silicified fault breccia (Figure 6).
Elevated bismuth and tellurium occur in a narrow shear
zone associated with sheeted quartz veins and fault breccia suggesting
an association with a RIRGS.
Click Image To View Full Size
Rarely appeared in any VRIFY AI targeting exercises.
Figure 2: Sheeted quartz veins (~2 km x
300 m, up to 10 veins/m) within hornfelsed sediments at the Border
target. Confirmed elevated pathfinders: tellurium and bismuth.
Click Image To View Full Size
Figure 3: Lead in
rocks at Spine (Grab samples with grade up to 0.111 g/t Au ) and
Stingray targets with SQUIDT overlay.
Spine is a new 2025 discovery with visible stacked quartz veins up to
1 m wide dipping to the north.
Click Image To View Full Size
Figure 4: Newly discovered quartz vein
at the Spine target with visible galena and aresenopyrite.
Click Image To View Full Size
Figure 5: Elevated bismuth evidenced in
rocks at Stingray and Spine with SQUIDT overlay.
Click Image To View Full Size
Figure 6: Sheeted quartz veins on
Stingray near strongly silicified fault breccia.
Additional prospecting will be carried out at the
Steelhead target which has also shown elevated bismuth and tellurium
in preliminary sampling, and which was identified as a potential RIRGS
target in the 2024 SQUIDT survey.
The Golden Dragon and Camp targets have also shown
elevated gold and tellurium values and will be further investigated
during the 2026 field season.
Qualified Person
The technical information contained in this press
release was reviewed and approved by Gary Wong, P.Eng., Vice President
Exploration of Lode Gold Resources Inc., designated as a Qualified
Person under National Instrument 43-101.
About Lode Gold
Lode Gold has key assets in Canada and United
States.
Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in
Mariposa, California with 43,000 m drilled, 10,000 underground channel
samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold
mining prohibition during WW II. It was mined at 10.7 g/t when price
was gold was $35 per oz. PEA was completed
(link) in 2023. The PEA was
based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02
MOz at 2.22 g/t Au within 28 Mt Inferred with a composite
cut-off1. MRE (link) was updated in 2025;
92% of the ounces were left unmined. Average true widths at 1g/t cut
off is 53m. Project sits on > 3,000 acres of 100% owned private and
patented land which is designated as OZ, Trump Administration
Opportunity Zone (Special Tax Incentives).
Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m
drilled, with a 2013 PEA, MRE (link to
report) : 376,000 oz at 0.94 g/t
(M&I) and 47,000 oz at 0.71 g/t (Inferred.
About Gold Orogen
Gold Orogen (previously 1475039 B.C.
Ltd, previously a subsidiary of Lode Gold Resources, is an early-stage exploration pure play with quality assets
in the Yukon and New Brunswick, Canada. Optionality exists as assets
are diversified on two mineral belts that are known to have prolific
gold endowment.
A 19.9% strategic partner was brought in and a joint
venture was formed to create one of the largest land packages in New
Brunswick with mineral rights spanning 445km2.
The New Brunswick assets, McIntyre
Brook and Riley Brook sit on a highly
prospective belt that has seen many exciting discoveries including
Dalradian, New Found Gold and Calibre Mining. Kinross- Puma surrounds
McIntyre Brook.
In the Yukon, Golden
Culvert/WIN sits on the southern end of the
Tombstone Belt which in recent years has seen extensive exploration
success. It has Reduced Intrusion (RIRGS) targets and sedimentary
hosted orogenic mineralization. Over 4,500 m has been drilled with 50
gram meter intercepts.
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, business disruptions, 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.
1 0.25
g/t for oxide, 0.45 g/t for open pit mineralization and 1.45 g/t for
underground mineralization
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