
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
December 13, 2023
Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to advise the completion of its first phase of lithium-focused field exploration activities at the Menzies Northern Trend (Figure 1), where early-stage exploration efforts into potential lithium mineralisation have occurred in parallel with the drilling underway at the Aspacia and Link Zone Gold Deposits in Menzies.
HIGHLIGHTS
- Field work undertaken during and after the recent heritage survey completed at Menzies has uncovered numerous outcropping pegmatites1 over +3km
- Analysis of hyperspectral imagery has identified 162 potential lithium bearing pegmatite targets within the Menzies Northern Trend
- Rock chip assays received from first pass field mapping indicate a fertile LCT-type pegmatite with significant anomalies in key indicators including Cs, Rb, Ta and Li
- A comprehensive 400m x 100m soil sampling program has been completed covering the entire Northern Trend
- Multi-element assays for the soil survey program and December rock chip sampling submitted to laboratory for analysis
Brightstar’s Managing Director, Alex Rovira, commented: “In conjunction with the recent drilling programs at Menzies and Pre-Feasibility Study workstreams underway for the restart of gold mining operations at Menzies and Laverton, Brightstar has been advancing initial greenfields exploration efforts within the Northern Trend at Menzies for potential lithium-bearing pegmatites. The structural and geological setting is ideal to host lithium-bearing LCT Pegmatites, given the greenstone terrane and proximal granitic intrusion to the north is a similar geological setting to Delta Lithium’s (ASX:DLI) Mt Ida Lithium Project located approximately 70km to the northwest.
Recent transactions from WA gold miners such as Ora Banda Mining’s (ASX:OBM) transformational $26 million Joint Venture with Wesfarmers2 and Pantoro’s (ASX:PNR) sale of Lithium and Base Metals rights for up to $60 million to Mineral Resources Ltd3 have shown that it is commercially pragmatic to conduct greenfields exploration for lithium in the greenstone belts in parallel with Brightstar’s gold drilling and study work.
Brightstar’s recently commissioned hyperspectral survey has delineated 162 potential lithium-bearing outcropping targets, with many being ground-truthed via rock chip sampling, mapping and soil sampling programs to define potential drill targets. The recent Heritage Survey with the Watarra Darlot Native Title Group has, for the first time, cleared the Northern Trend of any areas of cultural heritage significance and now affords Brightstar the opportunity to explore compelling targets. The existence of overlapping data sets and the presence of numerous outcropping pegmatites over a strike length of 3-4km is significant and warrants further considered exploration in parallel with the gold infill and extensional drilling and various workstreams within our PFS underway.”
“We eagerly await the results from the recent sampling program which will aid in generating targets for further follow-up sampling and potential drilling. The correlation between the hyperspectral targeting and the identification of pegmatites in the field is encouraging as a way to vector on-ground exploration efforts efficiently.”
Figure 1 – Geology of Menzies Gold Project (Northern Trend area) with pegmatite outcrop locations
REMOTE SENSING PROGRAM
Brightstar commissioned Terra Resources to analyse a remote sensing dataset and perform a hard-rock lithium pegmatite targeting exercise over the tenement package as part of a holistic targeting campaign. Both ASTER and Sentinel-2 were processed over the project area, with lithium band combinations for the different mineral species used to derive the best Li-pegmatite target for follow up ground truthing. Confirmed lithium-bearing pegmatites in the Menzies-Mt Ida District were used as controls for the algorithms, which showed strong correlations to the Sentinel-2 lithium band combination and confirmed lithium pegmatite outcrops in the district.
Click here for the full ASX Release
This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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19 June
Brightstar Resources
Investor Insight
With multiple catalysts ahead, including resource upgrades, expanded production, and further development of its Laverton, Menzies, and Sandstone hubs, Brightstar Resources presents a compelling investment case in a rising gold market.
Overview
Gold has continued to demonstrate its resilience as a store of value, with prices peaking at US$3,500.05 per ounce, its all-time high. Amid ongoing global economic uncertainty, including inflationary pressures, rising geopolitical tensions, and volatile interest rate environments, investors have turned to gold as both a safe haven asset and a hedge against macroeconomic instability.
Brightstar Resources (ASX:BTR) is strategically positioned to capitalize on this environment as a low-cost, multi-asset gold developer with near-term production potential. The company controls over 1,500 square kilometers of highly prospective ground across three of Western Australia’s most prolific gold belts: the Laverton Tectonic Zone, the Menzies Shear Zone, and the Sandstone Greenstone Belt.
Unlike many junior exploration companies, Brightstar has a key differentiator: it owns a fully permitted, strategically located processing facility near Laverton. This existing infrastructure offers the company a critical advantage, enabling a low-capex restart scenario and faster time to cash flow compared to peers who must first secure permits and fund costly plant construction. This plant is subject of a DFS due for announcement in June 2025.
Through a focused multi-hub strategy, Brightstar has built a robust pipeline of development-ready and resource-growth projects, supported by:
- Over 3 million ounces of gold resources across Laverton, Menzies, and Sandstone;
- Ongoing high-grade drilling success in 2024 and 2025, including intercepts of up to 10m @ 43.8 g/t gold;
- A track record of low-cost, value-accretive acquisitions, such as Linden Gold Alliance and Alto Metals;
- A dedicated, in-house technical team executing on aggressive exploration, fast-tracked studies, and staged development.
With global gold demand remaining strong, Brightstar is well-positioned to deliver material shareholder value through its integrated production plan, supported by scalable infrastructure, a growing resource base, and access to capital. The company’s strategic approach includes combining brownfields development, organic exploration, and corporate M&A, placing it at the forefront of a new generation of Australian gold producers.
Company Highlights
- ASX-listed gold exploration and development company with a consolidated mineral endowment of 3 Moz of gold across Laverton, Menzies, and Sandstone hubs in Western Australia.
- Owns and operates 100 percent of project areas: 300 sq km in Laverton Tectonic Zone, 80 sq km in Menzies Shear Zone, and 1,200 sq km in Sandstone Greenstone Belt.
- Gold processing operations at the Laverton facility have commenced under an Ore Purchase Agreement (OPA) with Genesis Minerals Ltd (ASX:GMD), marking a significant milestone in transitioning from exploration to production.
- Recent drilling campaigns have yielded strong high-grade results, including:
- 16m @ 8.0 g/t gold at Second Fortune (Laverton)
- 10m @ 43.8 g/t gold at Musketeer (Sandstone)
- 16m @ 8.0 g/t gold at Yunndaga (Menzies)
- Following the successful Linden Gold Alliance acquisition, Brightstar has commenced a DFS for the wider development of its Laverton and Menzies assets which is due for release imminently in June 2025.
- Ongoing Sandstone drilling continues to return high-grade intercepts, further supporting project advancement and MRE conversion.
- In 2024, Brightstar signed a $4 million drill-for-equity deal with Topdrill to fast-track exploration at Sandstone.
- The company has successfully executed a US$11.5 million (AU$18 million) revolving stockpile finance facility with Ocean Partners Australia.
Key Projects
Laverton Hub
Brightstar’s Laverton hub is comprised of the Cork Tree Well, Jasper Hills, Second Fortune, Beta and Alpha project areas.
Highlights:
- Combined, the Laverton Hub JORC mineral resource estimate is 15.7 Mt @ 1.7 g/t gold for 848 koz (49 percent measured and indicated category). All mineral resources are on granted mining leases
- Cork Tree Well (6.4 Mt at 1.4 g/t gold for 292 koz gold)
- Alpha (1.4 Mt at 2.3 g/t gold for 106 koz gold)
- Beta (1.9 Mt at 1.7 g/t gold for 102 koz gold)
- Lord Byron (5.2 Mt at 1.5 g/t gold for 251 koz gold)
- Fish (376 kt at 4.0 g/t gold for 49 koz gold)
- Second Fortune (92 kt at 13.4 g/t gold for 40 koz gold)
- Gilt Key (168 kt at 1.3 g/t gold for 8 koz gold)
- Main project area Cork Tree Well is open at depth and along strike with recent drilling results of 34.4 meters at 7.94 g/t gold from 43.5 meters (CTWMET004) and 27.6 meters at 17.8 g/t gold from 51 m (CTWMET003)
- Second Fortune has a mineral resource estimate head grade of ~11g/t gold with an average ore body width of 0.6 meters.
- Jasper Hills is located 50 km from Brightstar’s existing processing facility along a wholly-owned private haul road, allowing unimpeded, direct access to both projects
- Permitted, previously mined and production-ready
- Last mined by current owners in 2020 with 23,000 oz gold mined
- Growth Drivers:
- Second Fortune: Consistent, stable production and cash generation through 2025
- Fish: Mining activities have commenced and site establishment is continuing.
- First ore production targeted in June
- Open pits development: Large scale production opportunities through mining Lord Byron and Cork Tree Well as multi-year base load ore sources
- DFS: due for delivery in June 2025, including design and costs for expansion of BTR-owned processing infrastructure to 1Mtpa.
Menzies Hub
The Menzies Hub comprises a tenement holding of a contiguous land package of granted mining leases over a strike length of more than 20 km. The majority of deposits hosted along the Menzies Shear Zone are located adjacent to the Goldfields Highway in Menzies (130km north of Kalgoorlie).
Highlights:
- Total Current Resource: 12.7 Mt at 1.4 g/t gold for 589 koz gold (37 percent measured and indicated)
- DFS: due for delivery in June 2025, including design and costs for open pit and underground mining for toll processing/ore sales to a regional Kalgoorlie-Menzies mill.
- Growth Drivers:
- Lady Shenton Open Pit: Proposed multi-year consistent open pit production to provide cash generation. Targeting approvals received and ‘mine ready’ in 2025
- Yunndaga Underground: Planned infill drilling targeting conversion of Inferred Mineral Resources to M+I to support inclusion in future mining operations – recent results from this program include 16m @ 8.0 g/t gold
- Development: Advancing discussions with regional mills for 3rd party processing capacity in the Kalgoorlie-Menzies region, targeting a mining decision.
Sandstone Hub
The consolidated Sandstone project is over 100 km from existing third-party milling operations in the Murchison. This third processing hub boasts Alto’s Sandstone project with a mineral resource of 1.05 Moz at 1.4 g/t gold and Gateway’s Montague gold project with a mineral resource of 0.5 Moz @ 1.6 g/t gold.
Growth Drivers:
- Sandstone: Upgrade the Lords, Vanguard, Indomitable and Havilah camps to Indicated classification (40,000m RC+DD)
- Montague: Infill Montague and Whistler to Indicated classification (5,000m RC and 1,200m DD) – RC
- Greenfields: Follow up drilling of priority prospects across Sandstone Hub (West Hacks, Hancocks, Bulchina, Lords Corridor, Duplex) – recent drilling success includes exceptional intercepts at the Musketeer prospect yielding 10m @ 43.8 g/t gold
- Pre-Feasibility Study: Incorporation of 2025 drilling results into MRE upgrades to then factor into 1H 2026 Sandstone PFS
Management Team
Alex Rovira - Managing Director
Alex Rovira is a qualified geologist and an experienced investment banker having focused on the metals and mining sector since 2013. Rovira has experience in ASX equity capital markets activities, including capital raisings, IPOs and merger and acquisitions.
Richard Crookes - Non-executive Chairman
Richard Crookes has over 35 years’ experience in the resources and investments industries. He is a geologist by training having previously worked as the chief geologist and mining manager of Ernest Henry Mining in Australia.
Crookes is managing partner of Lionhead Resources, a critical minerals investment fund and formerly an investment director at EMR Capital. Prior to that he was an executive director in Macquarie Bank’s Metals Energy Capital (MEC) division where he managed all aspects of the bank’s principal investments in mining and metals companies.
Andrew Rich - Executive Director
Andrew Rich is a degree qualified mining engineer from the WA School of Mines and has obtained a WA First Class Mine Managers Certificate. Rich has a strong background in underground gold mining with experience predominantly in the development of underground mines at Ramelius Resources (ASX:RMS) and Westgold Resources (ASX:WGX).
Ashley Fraser - Non-executive Director
Ashley Fraser is an accomplished mining professional with over 30 years experience across gold and bulk commodities. Fraser was a founder of Orionstone (which merged with Emeco in a $660-million consolidation) and is a founder/owner of Blue Cap Mining and Blue Cap Equities.
Jonathan Downes - Non-executive Director
Jonathan Downes has over 30 years’ experience in the minerals industry and has worked in various geological and corporate capacities. Experienced with gold and base metals, he has been intimately involved with the exploration process through to production. Downes is currently the managing director of Kaiser Reef, a high grade gold producer, and non-executive director of Cazaly Resources.
Dean Vallve – Chief Development Officer
Dean Vallve holds technical qualifications in geology & mining engineering from the WA School of Mines, an MBA, and a WA First Class Mine Managers Certificate. Vallve was previously in senior mining and study roles at ASX listed mid-cap resources companies Hot Chili (ASX:HCH) and Calidus Resources (ASX:CAI).
Nicky Martin – Chief Financial Officer
Nicky Martin is an experienced finance and accounting professional holding tertiary qualifications in accounting and finance and is a qualified CPA. Martin was previously the Head of Finance at Pilbara Minerals Ltd (ASX:PLS) where she oversaw and was actively involved in a rapidly growing mining success story.
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During an interview with the Investing News Network's Charlotte McLeod, Steve Barton of In It To Win It shared his outlook on gold, silver, uranium and more, highlighting how he uses technical analysis to guide his trades.
“Whatever is out of favor and hated at the moment, that’s probably what you need to buy,” he said. “Buy it when it’s boring and no one cares, then you get to ride the wave up.”
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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Sranan Gold: Unlocking Suriname’s Next Multi-Million-Ounce Discovery in the Guiana Shield
Sranan Gold (CSE:SRAN,FSE:P84) is a junior exploration company focused on Suriname, a South American country that produces over 600,000 ounces of gold annually. The company’s flagship project is located in the highly prospective Guiana Shield, one of the world’s most underexplored and gold-rich geological regions.
Sranan’s 29,000-hectare Tapanahony gold project sits atop a historic mining belt with strong geochemical and structural markers. Leveraging local knowledge, legacy drill data, and modern exploration tools, the company aims to define its first gold resource along a 4.5 km mineralized corridor.
Backed by the discovery team behind Suriname’s major deposits—Merian, Rosebel, and Saramacca—Sranan is targeting hard-rock gold beneath saprolite zones, with plans to accelerate drilling, grow its land position, and deepen community ties.
Company Highlights
- District-scale land position: The 29,000-hectare Tapanahony project covers one of Suriname’s oldest and most productive artisanal mining districts, offering untested hard-rock upside within the Guiana Shield, home to numerous multi-million-ounce gold deposits.
- Immediate drill targets: A 10,000-metre diamond drilling program is set to kick off in 2025 across the 4.5 km Poeketi-Randy trend, targeting high-grade shear zones validated by historic IAMGOLD drilling.
- World-class discovery pedigree: The technical team has led or co-led discoveries at Merian (7 Moz, Newmont), Rosebel (13.7 Moz, now Zijin) and Saramacca (1.5 Moz).
- Deep in-country knowledge: Geologists are locally trained at Anton de Kom University and have decades of experience in Suriname’s regolith-dominated terrain.
This Sranan Gold profile is part of a paid investor education campaign.*
Click here to connect with Sranan Gold (CSE:SRAN) to receive an Investor Presentation
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Quimbaya Gold
Investor Insight
Quimbaya Gold’s strategic focus on Colombia offers a compelling opportunity for gold exploration in a prolific, brownfield region supported by a favorable permitting environment. The upside potential is worthy of examination by any savvy investor.
Overview
Quimbaya Gold (CSE:QIM,OTCQB:QIMGF,FSE:K05) is a junior gold exploration company focused on its high-grade gold projects in Colombia. The company’s portfolio spans 59,057 hectares across three highly prospective regions in the Antioquia mining district. This region is responsible for approximately 50 percent of Colombia’s total gold production, equivalent to around 1 million ounces (Moz) annually.
Positioned right next to Aris Mining’s (TSX:ARIS) Segovia mine, Quimbaya leverages its proximity to established infrastructure and gold-rich geological formations. With Colombia being one of the most underexplored yet top mining jurisdictions in South America, Quimbaya’s projects are uniquely poised for significant discoveries.
Quimbaya’s projects benefit from Colombia’s favorable permitting environment, enabling faster transitions from discovery to production, compared to its global peers. Quimbaya’s strategy focuses on value creation through new discoveries and monetizing them via strategic transactions, including joint ventures and operational contracts.
Quimbaya has established a significant partnership with Independence Drilling, Colombia’s largest drilling company with over 40 years of experience. The agreement secures 100,000 meters of drilling over five years, with Independence. The first service order for the initial 4,000-meter drilling campaign has been completed.
The company’s management team brings extensive and deep expertise in exploration in Colombia, corporate finance and project development. Quimbaya trades on multiple exchanges: CSE (QIM), OTCQB (QIMGF), and FSE (K05).
Company Highlights
- Quimbaya Gold controls 59,057 hectares across three distinct projects in Antioquia, Colombia — renowned as the country's top mining department, accounting for over half of Colombia’s gold production.
- The flagship Tahami project is adjacent and on trend to Aris Mining’s Segovia mine, one of the highest-grade gold mines globally. Tahami benefits from its strategic proximity to Segovia and its potential for discovery of high-grade vein gold systems.
- Quimbaya has entered into a partnership with Independence Drilling, Colombia’s largest drilling company, which secures an extremely cost-effective 100,000 meters of drilling over five years. The first service order has concluded for an initial first 4,000-meter drilling campaign.
- Quimbaya utilizes software that allows for rapid and cost-effective acquisition of mining claims, giving the company a competitive edge in securing high-value assets.
- Quimbaya has signed a letter of intent with Denarius Metals to form a 50/50 joint venture to formalize small-scale mining at Quimbaya’s Tahami Project.
- The technical team’s proven track record of major discoveries in Colombia positions Quimbaya as a standout explorer in the region.
- Fully funded into 2026 for multi-project advancement in Colombia after closing $4 million financing
Key Projects
Tahami Project (Flagship)
The Tahami project is located in Segovia, Antioquia, adjacent to Aris Mining’s Segovia mine, one of the highest-grade gold mines in the world. Spanning 17,087 hectares, Tahami’s geology features mesothermal veins with multiple mineralization events underlain by Precambrian metamorphic rocks consolidated within the San Lucas Gneiss unit.
Quimbaya’s exploration plan for Tahami involves leveraging advanced geochemical and geophysical surveys to generate drill targets. These efforts will be complemented by modern 3D geological modelling and an initial drilling campaign to test high-grade zones. The integration of historical data and cutting-edge technology positions Tahami as a prime asset for discovery.
Maitamac Project
Located in Abejorral, Antioquia, 80 kilometers south of Medellín, the Maitamac project spans 33,223 hectares and offers excellent road access. This emerging gold metallogenic district features mesothermal veins and potential porphyry gold-copper systems.
Initial surface rock samples have reported gold grades of up to 3.2 g/t, with stream sediments revealing over 1 g/t gold. Identified as a promising district by the Colombian Geological Services, Maitamac is positioned alongside the past producing ABE project and structural corridor which has produced mined shoots averaging 26 g/t gold.
Berrio
Berrio is strategically positioned in the Low Magdalena Region of Antioquia, Colombia, spanning 8,746 hectares within a prolific mining district with over 50 years of continuous medium-scale gold production. The region’s well-established infrastructure and active mining ecosystem significantly reduce development risk.
Berrio hosts mesothermal gold systems with gold-bearing quartz veins, breccias, and stockwork structures – typical of high-grade deposits.
Management Team
Alexandre P. Boivin - CEO and Director
Alexandre Boivin is an entrepreneur with more than 10 years of experience in corporate finance and Colombian mining. Through his extensive experience in the mining industry, corporate finance, capital markets and business development, Boivin has been instrumental in managing and funding early-stage companies through a network of partners and investors immersed in the capital markets. Under his leadership, Quimbaya Gold has secured significant investments to advance its exploration projects. His commitment to the company's growth is further demonstrated by his substantial shareholding in Quimbaya Gold.
Olivier Berthiaume - CFO and Director
Olivier Berthiaume is an accountant with over 12 years of experience working with early-stage companies in the Canadian markets. He holds a Bachelor of Business Administration from HEC Montreal and specializes in private-to-public market transactions, compliance, corporate governance, and corporate growth strategies. Berthiaume has held various director and officer positions in junior mining companies.
Ricardo Sierra – Vice-president of Exploration
Ricardo Sierra is a professional economic geologist with over 18 years of exploration experience across Colombia, Chile, Cuba, and Brazil, focused on orogenic, mesothermal, porphyry, epithermal, and stratabound deposits. He began his career with Anglo American, leading greenfield and brownfield exploration, including diamond drilling in Colombia.
Sierra refined his expertise in vein systems as exploration superintendent at Continental Gold (now Zijin Mining Group), working on the Buriticá deposit and regional programs across Chocó, Nariño, Cauca, and Antioquia. He holds a geology degree from Universidad de Caldas (2007), is a Qualified Person under NI 43-101, a Competent Person with Colombia’s CCRR, and a member of the Australian Institute of Mining and Metallurgy (MAusIMM).
Sebastian Wahl - Director
Sebastian Wahl brings over 15 years of experience in the mining industry, with a strong focus on precious metals trading, capital markets, and corporate development. Wahl has played a pivotal role in shaping Quimbaya Gold’s strategic direction and elevating its external positioning during a critical growth phase.
Dr. Stewart Redwood - Senior Technical Advisor
Stewart Redwood is a distinguished geological consultant with more than 40 years of experience in mineral exploration and economic geology, specializing in epithermal, porphyry and skarn deposits, particularly in Latin America and the Caribbean. His notable achievements include significant discoveries, including the San Cristobal silver-zinc deposit in Bolivia, the Romero gold-copper deposit in the Dominican Republic, and the Antamina copper-zinc project in Peru, recognized as the world's largest copper skarn deposit. Throughout his career, Redwood has held key positions in prominent mining and exploration companies, including as chief geologist Latin America for AngloGold Ashanti, founder president and CEO of GoldQuest Mining, and VP exploration of Colombia Goldfields (which merged with Gran Colombia Gold). He has been instrumental in the success of Gran Colombia Gold’s Marmato project (now owned by Aris Mining), currently an 8.8 Moz deposit in the construction stage.
Nicolas Lopez Villegas - Technical Advisor
A Colombian native, with over 28 years of experience focused in the mining district of Antioquia, currently the CEO of MINING BRAIN SAS, Nicolas Lopez, leads this consulting company advising on the implementation, development of sustainable mining projects all over Colombia. Prior to the establishment of his consultancy practice, Lopez spent 12 years as Colombia & Nicaragua's country manager for IAMGOLD, having devoted the previous 10 years with MINEROS SA as head of exploration & geology. Villegas played a pivotal role in major discoveries, including the first porphyry copper-gold deposit in the Colombian middle Cauca belt, known as Titiribi. a significantly rich gold-copper geological region. As a seasoned executive in gold exploration, Villegas holds a geology degree from Universidad de Caldas (Colombia), a Governance in Oil & Mining degree from Oxford University (UK) and he is a Qualified Person (QP).
Terence Ortslan - Advisor
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Gold Rush 2.0: Why California is Poised for a Mining Renaissance
With modern technology, a rising gold price and renewed government support for domestic mineral production, mining companies and investors are taking a second look at historic districts and brownfield projects once considered uneconomic — and California’s long-overlooked gold deposits are squarely back in focus.
The California Gold Rush of 1848 wasn’t just a pivotal moment in American history — it was one of the most profitable mineral booms ever recorded. Sparked by a discovery at Sutter’s Mill, the gold rush drew over 300,000 people and produced more than 25 million ounces of gold, much of it from the now-famous Mother Lode Belt.
At the peak of the gold rush, California was producing nearly 1 million ounces per year, including an estimated 1.4 million ounces from the Mariposa District alone. However, the low price of gold at the time and limitations with mining methods during the 19th and early 20th century, have left much of the gold-bearing rock unmined.
In 1942, the US government suspended domestic gold mining to redirect labor and resources toward the war effort, effectively ending large-scale mining in the state. Many operations never resumed, leaving significant in-ground mineral potential untapped.
Today, California remains an important resource-producing state. According to the California Department of Conservation, the state hosts 700 active mines, including 14 gold mines.
California is also a key domestic energy hub — as of early 2025, 123,000 barrels of oil and 159 million cubic feet of natural gas are produced daily, according to California Resources Corporation.
Geopolitics and rising gold prices: A prime investment opportunity
The gold price climbed to around US$3,364 per ounce in July 2025, with analysts from firms like JPMorgan Chase (NYSE:JPM) projecting an increase to US$3,675 by year end.
The trend has sparked heightened interest in the gold mining sector as investors look to leverage this upward trajectory. This comes amid rising geopolitical tensions, volatile monetary policy and growing political uncertainty in major economies — conditions that have historically increased demand for gold as a safe-haven asset.
This surge is also aligning with favorable policy shifts. The Trump administration’s March 2025 executive order to expedite the extraction of critical minerals — including gold — is expected to streamline permitting timelines, particularly for projects in domestic US jurisdictions.
As a result, companies are increasingly turning to historically prolific but previously overlooked mining regions, such as parts of California, which had fallen out of favor due to cost, regulatory or price-related barriers. The combination of high prices, strategic urgency and permitting reform is making these areas viable again.
Federally designated Opportunity Zones are even more attractive to investors as they provide incentives like capital gains deferral and tax exemptions. For example, Mariposa County, a significant site during the gold rush era, is a designated Opportunity Zone and is home to Lode Gold Resources’ (TSXV:LOD,OTCQB:LODFF) Fremont project.
The convergence of multiple favorable factors — an elevated gold price, growing strategic urgency, evolving federal priorities around domestic mineral supply and investment incentives — has created a perfect storm for renewed interest in historically rich districts like Mariposa.
Leaders advancing California’s mining sector
California’s mining landscape is anchored by a trio of strong operators delivering tangible results:
- Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX), led by its chairman and Canadian Mining Hall of Fame inductee Ross Beaty, acquired the Castle Mountain mine in December 2017 for about $200 million. The company successfully advanced the project from acquisition to Phase 1 production in just three years, achieving first gold pour in 2020. This was made possible in part through the permitting expertise of Martin Stratte, a specialist in California mining projects, who now serves as permitting advisor on other in-state developments, such as Lode Gold’s Fremont mine. Since 2020, Castle Mountain’s Phase 1 heap-leach operations have produced roughly 30,000 to 45,0000 ounces per year, and its Phase 2 expansion — supported by a 2021 feasibility — targets ~218,000 ounces annually over 14 years.
- Andean Precious Metals (TSXV:APM,OTCQX:ANPMF), formerly Golden Queen, has reactivated the Soledad Mountain mine, which has produced over 340,000 ounces of gold since the mid‑2016. Following its 2023 acquisition, the mine generated approximately 18,400 ounces of gold in Q4 2023. In 2024, Soledad Mountain contributed around 54,275 gold equivalent ounces across Andean’s operations.
- Blue Moon Metals (TSXV:MOON,OTCQX:BMOOF) is advancing the Blue Moon polymetallic volcanogenic massive sulfide critical metals project in Mariposa County. In mid‑2025, the company received Bureau of Land Management approval to develop a portal and underground decline for exploration — a milestone aligned with the March 2025 federal executive order to increase domestic mineral production. With permitting achieved, site prep is underway for a two year drilling program slated to commence in Q3 2025.
These are just a few examples of active projects in California, each underscoring the state’s untapped potential when aligned with the right operators, policy conditions and permitting strategies.
As geopolitical pressures and supply chain risks intensify, more mining companies and investors are turning their focus to US-based assets, with California re-emerging as a region of interest.
Investment case: Lode Gold reactivating the historic Fremont gold mine
Lode Gold Resources offers a compelling investment opportunity in California’s Mother Lode Belt, a 190 kilometer mineral-rich corridor through the Sierra Nevada foothills from Mariposa to Georgetown holding significant untapped gold potential from historic mines. Despite having produced an estimated 50 million ounces of gold from high-grade quartz veins and orogenic systems in the 20th century, some of these mines were rarely explored beyond 250 meters in depth and remain primed for reactivation.
The Fremont project, located on over 3,000 acres of privately owned land in Mariposa County, is an advanced-stage exploration and early stage development asset with a storied history. The mine was producing gold at 10.7 grams per ton until operations ceased in 1942 due to wartime restrictions when price of gold was US$35 per ounce. The project’s infrastructure — 23 kilometers of underground workings, 14 adits and 43,000 meters of drilling with preserved core samples — supports efficient resource validation and conversion to NI 43-101 compliance.
The project has a 2023 preliminary economic assessment estimating a net present value of nearly $554 million (after tax) at a conservative gold price of US$2,300 per ounce, based on 1 million ounces (indicated) and 2 million ounces (inferred). Payback is 2.5 years with an internal rate of return of 42 percent and a 12 year mine life.
A new 2025 mineral resource estimate (MRE), filed on April 25, 2025, refines the project’s potential by assessing cut-off grades, mined grades and the feasibility of both bulk mining and selective vein extraction.
Using a 1 g/t cut-off grade, the average true width is 53 meters, while a 3 g/t cut off yields 16.8 meters, presenting significant gram-meter values that offer a compelling case for further evaluation of the potential for high-tonnage extraction, particularly through bulk underground mining.
The 2025 MRE also pointed out that 92 percent of the resource has been left unmined.
Lode Gold’s tightly held share structure, with four major shareholders owning half the company, creates strong alignment for advancing the Fremont mine. Key upcoming milestones include completing a prefeasibility study (PFS) within 18 months and a full feasibility study (FS) within 30 months. In the near term, the company will begin channel sampling to upgrade resources and initiate a PFS.
Investor takeaway
California’s gold mining legacy is re-emerging under modern conditions — driven by a high gold price and positive shifts in US mining policies. Lode Gold’s Fremont mine is uniquely positioned to benefit from these changes.
Fremont is brownfield, with a suspended mining license that can be reactivated. It is located in a federally designated Opportunity Zone that provides significant tax incentives.
With four shareholders owing about half the company and a newly completed 10:1 share consolidation, it has a tight share structure. Lode Gold is currently seeking a fifth strategic partner to advance its project quickly, with a plan to complete PFS in 18 months and FS in 30 months, as well as targeting a small-scale pilot plant and its first gold pour in early 2028. With these key milestones, Lode Gold is poised for growth and revaluation.
This INNSpired article is sponsored by Lode Gold Resources (TSXV:LOD,OTCQB:LODFF). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Lode Gold in order to help investors learn more about the company. Lode Gold is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Lode Gold and seek advice from a qualified investment advisor.
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