Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") announces that it has initiated technical engineering studies and a project readiness assessment in support of upcoming development of a mine and permitting plan at the Fremont Gold Mine in Mariposa County, California.
Fremont is a past-producing gold project located within California's historic Mother Lode Gold Belt. The project contains extensive historical infrastructure and development, including approximately 43,000 metres of drilling, 14 adits, two shafts, and approximately 23 kilometres of underground workings.
2026 Updated Mineral Resource Estimate
Category | Cut-off Grade | Tonnes (Mt) | Grade (Au g/t) | Gold (oz) |
Indicated | 1 g/t Au | 18.776 | 1.84* | 1,110,444 |
Inferred | 1 g/t Au | 33.107 | 1.86* | 1,978,568 |
*diluted inside the RPEEE stopes
2026 Average true width and grade per thickness in the mineralized body
Cut-off grade | Average true | Mt | Grade (g/t) | Grams*m |
0 g/t** | 49.1 | 58.5 | 1.75 | 85.9 |
1 g/t | 36.5 | 39.5 | 2.29 | 83.6 |
2 g/t | 24.4 | 18.8 | 3.24 | 79.1 |
3 g/t | 22.6 | 10.5 | 3.86 | 87.2 |
4 g/t | 10.1 | 2.4 | 5.29 | 53.4 |
**: inside the 0.82 cut-off wireframe
Since completion of the 2023 Preliminary Economic Assessment ("PEA"), the Company has continued to advance technical studies and project evaluation activities, including:
Metallurgical testing and recovery studies
Water and environmental baseline work
Geological modelling and resource evaluation updates
Internal mine planning and project scoping assessments
Review and digitizing of historical mining and laboratory reports
The Company is evaluating a near-term mining restart and is proceeding with a detailed environmental, social, technical, and economic review of the project.
The current engineering review is intended to establish a technical baseline for the project by evaluating historical mining, metallurgical, engineering, and operational information. The work will identify data gaps, assess the quality and consistency of available information, and provide recommendations to support future engineering, economic, and permitting studies.
Scope of Work
Review technical reports, resource estimates, historical production records, metallurgical data, and engineering documentation.
Assess the completeness and consistency of existing project information and identify areas requiring additional work or verification.
Develop recommendations to support future NI 43-101 technical reporting and engineering studies, including mining methods, mineral processing, infrastructure requirements, and capital and operating cost assumptions.
Work with the Company's technical team to evaluate how existing datasets and ongoing programs can support future mine planning and project development activities.