Lode Gold Confirms Geology Consistent to Adjacent Puma/Kinross in New Brunswick: Gold Mineralized Rhyolites

Lode Gold Confirms Geology Consistent to Adjacent Puma/Kinross in New Brunswick: Gold Mineralized Rhyolites

Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it has completed phase one of exploration in New Brunswick. The preliminary exploration results on its New Brunswick properties are held in its subsidiary Gold Orogen (new Spin Co). Lode Gold confirms gold endowment in mineralized rhyolites in McIntyre Brook; the geology is consistent with the surrounding PumaKinross JV property. Due to positive gold soil anomalies, Lode Gold expanded its land package to 445 km2. Further analysis in drill targeting is in progress.

Lode Gold subsidiary, Gold Orogen (Spin Co), holds key assets in Yukon and New Brunswick. In New Brunswick, Acadian Gold, its 50/50 JV company with Fancamp Exploration has two assets: McIntyre Brook and Riley Brook.

Exploration Highlights

  • A Heliborne HeliTEM² Survey, by Xcalibur, was flown covering 419 km² of the joint venture land package, utilizing a 150 m line spacing totalling 3,247 line kilometers. The survey collected Magnetic, Radiometric and Electro Magnetic (EM) data.

  • Geophysics, prospecting and trenching at McIntyre Brook confirmed the presence of a gold bearing rhyolite horizon (refer to Figure 4 and Table 1), with preliminary trench results that include 5.3 m of 1.19 g/t Au. This is similar to the geology (rhyolite hosted mineralization) of Puma Exploration's Williams Brook Project under option to Kinross Gold Corp, adjacent to our property.

  • Radiometric and conductive geophysics has revealed geophysical anomalies at both McIntyre Brook and Riley Brook (refer to Figures 1, 2 and 3).

  • Drill testing is scheduled to commence after all results from 2024 have been received and the complete 2024 exploration dataset has been analyzed. Prospective areas may require additional ground follow-up, before drilling.

  • Orientation soil geochemical surveys were conducted over three grids covering approximately 10% of the Riley Brook property. They revealed the presence of large soil Au-W-As-Sb geochemical anomalies positioned in the southern part of the property (refer to Figure 2).

  • Based on these results, the joint venture staked an additional 26 km² (new total JV area of 445 km2) at the southwestern edge of the Riley Brook property to cover the potential continuation of the soil geochemical anomaly and coincident conductivity anomaly.

McIntyre Brook

The trenching at the McIntyre Brook prospect has significantly increased the known surface expression of a mineralized rhyolite horizon initially revealed by Lode Gold's 2019 drill results (20 m @1.2 g/t and 16 m @ 0.84 g/t in two holes). The new work demonstrates a minimum strike extension of the mineralization of at least a 200-metre with the horizon measured up to 9-metre thick. The trench results report up to 5.3 m @ 1.19 g/t Au (see Figure 4). Multi-element assays for pathfinder elements are awaited. This mineralization appears similar to mineralized lithological unit on the neighbouring Williams Brook Project (Puma Exploration).

The trenching also allowed for a better definition of the strike and dip of the gold bearing rhyolites at the McIntyre Brook prospect. Follow-up exploration drilling along the northeast and southwest mineralization trends can be better defined with this information.

These results are considered very encouraging, and work is planned at McIntyre Brook prospect to extend the strike and identify potential parallel structures and inflections.

The EM airborne data has revealed a distinctive anomaly in the east of the property. Soil samples were taken from this area, assay results are expected later this month.

Riley Brook

Recon soil sampling (only covering 10% of the property) has revealed multiple gold anomalies of similar tenor evidenced at deposits on the Appalachian Gold Belt, such as at Puma Exploration's Williams Brook Property (>20ppb Au in soils). These gold anomalies have coincident Antimony, with +/- Arsenic and Tungsten pathfinder elements. This association of elements are often linked to intrusive-related gold deposits, further work is required to confirm (see Figure 3). The anomalies in the southern part of Riley Brook are also coincident with a prominent EM conductor. Based on these results, Gold Orogen staked more ground expanding the Riley Brook property (now totalling 445 km2) to the south to encapsulate the full extent of the anomaly.

Future work will consider ground geophysics to cover the gold geochemistry and EM anomaly. Further soil sampling and trenching is planned for spring 2025.

"The first phase of exploration at the Acadian Gold joint venture has been successful at confirming gold bearing rhyolitic mineralization at McIntyre Brook through the trenching and channel sampling; and at Riley Brook with coincident, geophysical and multi-element geochemical anomalies," comments François Auclair, Vice President Exploration of Fancamp and Acadian Gold (subsidiary of Gold Orogen). "The results at both properties are highly encouraging considering the limited historical work recorded in the area, especially noting that our current soil sampling has covered less than 10% of the Riley Brook property. We see a lot of potential for growth given the prolific region which hosts other gold-focused development projects."

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Figure 1: Total field magnetic image over Puma Exploration's Williams Brook property (optioned to Kinross). Red colors represent volcanics. Inset shows new total magnetic field data demonstrating these rock types trend into the McIntyre Brook property.

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Figure 2: Total magnetic field images over McIntyre Brook and Riley Brook.

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Figure 3: Riley Brook coincident EM and soil geochemical anomaly.

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Figure 4: McIntyre Brook Prospect Trenching Results.

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Trench IDFrom
(m)
To
(m)
Length
(m)
Au
(gpt)
Metal Factor
(gpt*m)
T108.814.15.31.196.30
T939.86.80.896.04
T124.928.940.210.86
T23.76.730.501.51
T5No significant assay results
T6No significant assay results

 

Table 1: Preliminary Trenching Results at McIntyre Brook.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in 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. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 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 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-604-977-4653

Kevin Shum
Investor Relations
kevin@jeminicapital.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

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; currency fluctuations; and impact of the COVID-19 pandemic.

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, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237787

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Discovering the next orogenic/reduced intrusive deposit in Yukon and New Brunswick

Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that it has engaged experienced capital markets and strategic advisors to support the advancement of its Fremont Mine in Mariposa, California. These advisors will assist in securing strategic investors and partners as the Company moves into the next phase of development.

As part of its current development strategy, Lode Gold is also engaging with mining contractors and progressing with engineering evaluations aimed at optimizing the mine plan and initiating permitting. The Company's evaluation is focused on three key priorities:

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Lode Gold Closes Second Tranche of Private Placement for Total Financing of $1.2 Million to Initiate Work at the Fremont Mine in California

Lode Gold Closes Second Tranche of Private Placement for Total Financing of $1.2 Million to Initiate Work at the Fremont Mine in California

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it has closed the second tranche of its non-brokered private placement offering.

Proceeds will be used to advance work at the Fremont Mine in Mariposa, California. This is an advanced-stage exploration and development asset, where recently an NI 43 -101 compliant mineral resource estimate (MRE 2025) was completed with a new geological model that separates vein mineralization from stockwork: 1.34 Moz at 4.4 g/t (3 g/t cut off, average true width: 16.8 m).1

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Table 1

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Fremont was previously mined at 10.7 g/t. Only 8% of the total mineral resource, filed at SEDAR+ (April 2025) has been extracted, mostly in the first 250 m. This is a structurally controlled orogenic deposit with excellent continuity. Exploration upside exists as it is open at depth and on strike. Three step-out holes at 1,300 m hit structure and were mineralized.

Upcoming 2025-2026 Catalysts:

  • Rehabilitation of 2 km of the 23 km of underground workings
  • Access to three of the adits, out of a total of 14
  • Channel sampling to upgrade resources to M&I
  • Metallurgy and Recovery Studies
  • Geotechnical work and rock mechanics assessments
  • Underground drilling 3,000 m (to initiate Pre-Feasibility Study) 
  • Completion of Pre-Feasibility Study (underground bulk mining and other optimized methods will be evaluated)

"We had a busy year. We completed corporate restructuring, a joint venture, the creation of a spin-co, and advanced all three of our assets in Yukon, New Brunswick and California. Over the past 12 months, we delivered three technical reports. At Fremont, two pivotal findings stand out: first, mineralization in the stockworks—outside the veins—remains completely untouched when mining was suspended during World War II (1942), when gold was just $35/oz. Second, at a 1 g/t cut-off, we see an impressive average true width of 53 meters," comments Wendy T. Chan, CEO and Director of Lode Gold.

"The 2023 Preliminary Economic Assessment (PEA) indicates positive project economics at a gold price of USD $1,750, based on an annual production rate of 130,000 ounces. In the coming months, we will begin engineering work aimed to develop an optimized mine plan. Our evaluation will focus on: high-grading in early years to optimize economics; increase to produce more than 100,000 ounces per year; and the initiation of small-scale production in the near term to align with the March 2025 Executive Order, which prioritizes critical mineral extraction in the United States."

The Company has raised $390,802 through the issuance of 2,204,457 Units at a price of 18 cents per Unit. Each Unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of 35 cents per common share for a period of three years following the date of closing. The Company may accelerate the expiry date if the shares trade at 65 cents or more for a period of 10 days, including days where no trading occurs. The shares issued are subject to a four-month and one-day hold period.

The Company closed the first tranche of $790,186 (4,389,922 Units) on April 15, 2025. The total amount raised was $1,180,988 (6,594,379 Units).

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its assets in Yukon sits on the southern portion of the prolific Tombstone Belt. It covers 99.5 km2 across a 27 km strike. Over 4,500 m have been drilled with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold.

In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd. (soon to be spun out into Gold Orogen) has created one of the largest land packages with its Acadian Gold Joint Venture, consisting of an area that spans 445 km2 with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.

In preparation for the spin-out, NI 43 101 technical reports have been prepared for all assets in Yukon and New Brunswick in 2024.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. According to the NI 43- 101 Compliant 2025 MRE, the asset contains 1.3 Moz at 4.4 g/t (3 g/t cut-off) with an average true width: 16.8 m.

Fremont was previously mined at 10.7 g/t. During gold mining prohibition in WWII, its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port.

Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment ("PEA") with an open pit and underground combination mine. The NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com). 

ON BEHALF OF THE COMPANY,
Wendy T. Chan 
CEO & Director

Information Contact:

Winfield Ding 
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Jenna Mosher 
Investor Relations
jenna@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

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; currency fluctuations; and impact of the COVID-19 pandemic.

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, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, 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.

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Lode Gold Leverages Artificial Intelligence to Drive Exploration and Growth in Yukon

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it will be using the AI-assisted mineral discovery platform offered by VRIFY Technology Inc. ("VRIFY"). Vrify, based in Vancouver, Canada, is a worldwide leader in utilizing AI technology that leads to more efficient mineral exploration. Lode Gold will apply the advanced AI-assisted discovery platform to refine and validate exploration plans and targets at Lode Gold's Golden Culvert Project in Yukon, accelerating data-driven decision-making and enhancing exploration outcomes.

GOLD OROGEN APPOINTS INDUSTRY VETERAN GARY WONG AS NEW VP OF EXPLORATION

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that it has closed on its first tranche of its non-brokered private placement offering. The Company has raised $790,186 through the issuance of 4,389,922 Units at a price of $0.18 per Unit. The cash raised will be used for the execution of the 2025 business plan and general working capital. In Yukon, the Company will conduct field work, including geological mapping, soil sampling, and channel sampling to advance drill target development. In California, the funds will support the completion of a 2025 Preliminary Economic Assessment (PEA) focused on bulk mining, underground channel sampling to upgrade resources, and moving towards the pre-feasibility study (PFS) at the Fremont project.

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that the proposed plan of arrangement (the "Arrangement") for the tax-efficient spin out of Gold Orogen was approved at the Company's annual general and special meeting of shareholders (the "Meeting") held on March 10, 2025.

The resolution approving the Arrangement (the "Arrangement Resolution") was required to be passed by: (i) the affirmative vote of at least two-thirds (66 2/3%) of the votes cast by shareholders of the Company present in person or represented by proxy and entitled to vote at the Meeting; and (ii) the affirmative vote of at least two-thirds (66 2/3%) of the votes cast by Company shareholders, optionholders and warrantholders, voting as a single class, present in person or represented by proxy and entitled to vote at the Meeting.

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The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in short order, confirming that the Company's common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company's name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.

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(TheNewswire)

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(TheNewswire)

Blue Lagoon Resources Inc.

June 26, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE25 Index the Canadian Securities Exchange's benchmark index that tracks the top 25 issuers by market capitalization.

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Highlights 

  • Closing the oversubscribed brokered offering for $13.8 million of gross proceeds. 

  • Offering was completed without dilutive warrants and without a significant discount to market trading price. 

  • Incoming key long-term supportive 9.9% shareholder leading the private placement and serving as a cornerstone investor to the Rua Gold journey. 

  • Completion of this financing secures a treasury balance sufficient to fund 12 to 18 months of aggressive exploration across on the projects.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to announce that it has closed its previously announced brokered "best efforts" public offering (the "Public Offering") and private placement (the "Private Placement" and with the Public Offering, the "Offering") consisting of 19,714,450 common shares in the capital of the Company (each, a "Common Share"), which included the exercise of the over-allotment option in full, at a price of C$0.70 per Common Share for aggregate gross proceeds of C$13,800,115.

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To view the full publication, "Near-Term Production Assets Gain Traction amid Historic Gold Price Surge," please visit: https://ibn.fm/yr5Zp

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