Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • Webcasts
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login
  • Sign Up
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
Search
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.

News Releases

view all
    Advanced Search
    • News in Focus
        • Browse News Releases

        • All News Releases
        • All Public Company
        • News Releases Overview

        • Multimedia Gallery

        • All Multimedia
        • All Photos
        • All Videos
        • Multimedia Gallery Overview

        • Trending Topics

        • All Trending Topics
    • Business
        • Auto & Transportation

        • Aerospace, Defense
        • Air Freight
        • Airlines & Aviation
        • Automotive
        • Maritime & Shipbuilding
        • Railroads and Intermodal Transportation
        • Supply Chain/Logistics
        • Transportation, Trucking & Railroad
        • Travel
        • Trucking and Road Transportation
        • Auto & Transportation Overview

        • View All Auto & Transportation

        • Business Technology

        • Blockchain
        • Broadcast Tech
        • Computer & Electronics
        • Computer Hardware
        • Computer Software
        • Data Analytics
        • Electronic Commerce
        • Electronic Components
        • Electronic Design Automation
        • Financial Technology
        • High Tech Security
        • Internet Technology
        • Nanotechnology
        • Networks
        • Peripherals
        • Semiconductors
        • Business Technology Overview

        • View All Business Technology

        • Entertain­ment & Media

        • Advertising
        • Art
        • Books
        • Entertainment
        • Film and Motion Picture
        • Magazines
        • Music
        • Publishing & Information Services
        • Radio & Podcast
        • Television
        • Entertainment & Media Overview

        • View All Entertain­ment & Media

        • Financial Services & Investing

        • Accounting News & Issues
        • Acquisitions, Mergers and Takeovers
        • Banking & Financial Services
        • Bankruptcy
        • Bond & Stock Ratings
        • Conference Call Announcements
        • Contracts
        • Cryptocurrency
        • Dividends
        • Earnings
        • Earnings Forecasts & Projections
        • Financing Agreements
        • Insurance
        • Investments Opinions
        • Joint Ventures
        • Mutual Funds
        • Private Placement
        • Real Estate
        • Restructuring & Recapitalization
        • Sales Reports
        • Shareholder Activism
        • Shareholder Meetings
        • Stock Offering
        • Stock Split
        • Venture Capital
        • Financial Services & Investing Overview

        • View All Financial Services & Investing

        • General Business

        • Awards
        • Commercial Real Estate
        • Corporate Expansion
        • Earnings
        • Environmental, Social and Governance (ESG)
        • Human Resource & Workforce Management
        • Licensing
        • New Products & Services
        • Obituaries
        • Outsourcing Businesses
        • Personnel Announcements
        • Real Estate Transactions
        • Residential Real Estate
        • Small Business Services
        • Socially Responsible Investing
        • Surveys, Polls and Research
        • Trade Show News
        • General Business Overview

        • View All General Business

    • Science & Tech
        • Consumer Technology

        • Artificial Intelligence
        • Blockchain
        • Cloud Computing/Internet of Things
        • Computer Electronics
        • Computer Hardware
        • Computer Software
        • Consumer Electronics
        • Cryptocurrency
        • Data Analytics
        • Electronic Commerce
        • Electronic Gaming
        • Financial Technology
        • Mobile Entertainment
        • Multimedia & Internet
        • Peripherals
        • Social Media
        • STEM (Science, Tech, Engineering, Math)
        • Supply Chain/Logistics
        • Wireless Communications
        • Consumer Technology Overview

        • View All Consumer Technology

        • Energy & Natural Resources

        • Alternative Energies
        • Chemical
        • Electrical Utilities
        • Gas
        • General Manufacturing
        • Mining
        • Mining & Metals
        • Oil & Energy
        • Oil and Gas Discoveries
        • Utilities
        • Water Utilities
        • Energy & Natural Resources Overview

        • View All Energy & Natural Resources

        • Environ­ment

        • Conservation & Recycling
        • Environmental Issues
        • Environmental Policy
        • Environmental Products & Services
        • Green Technology
        • Natural Disasters
        • Environment Overview

        • View All Environ­ment

        • Heavy Industry & Manufacturing

        • Aerospace & Defense
        • Agriculture
        • Chemical
        • Construction & Building
        • General Manufacturing
        • HVAC (Heating, Ventilation and Air-Conditioning)
        • Machinery
        • Machine Tools, Metalworking and Metallurgy
        • Mining
        • Mining & Metals
        • Paper, Forest Products & Containers
        • Precious Metals
        • Textiles
        • Tobacco
        • Heavy Industry & Manufacturing Overview

        • View All Heavy Industry & Manufacturing

        • Telecomm­unications

        • Carriers and Services
        • Mobile Entertainment
        • Networks
        • Peripherals
        • Telecommunications Equipment
        • Telecommunications Industry
        • VoIP (Voice over Internet Protocol)
        • Wireless Communications
        • Telecommunications Overview

        • View All Telecomm­unications

    • Lifestyle & Health
        • Consumer Products & Retail

        • Animals & Pets
        • Beers, Wines and Spirits
        • Beverages
        • Bridal Services
        • Cannabis
        • Cosmetics and Personal Care
        • Fashion
        • Food & Beverages
        • Furniture and Furnishings
        • Home Improvement
        • Household, Consumer & Cosmetics
        • Household Products
        • Jewelry
        • Non-Alcoholic Beverages
        • Office Products
        • Organic Food
        • Product Recalls
        • Restaurants
        • Retail
        • Supermarkets
        • Toys
        • Consumer Products & Retail Overview

        • View All Consumer Products & Retail

        • Entertain­ment & Media

        • Advertising
        • Art
        • Books
        • Entertainment
        • Film and Motion Picture
        • Magazines
        • Music
        • Publishing & Information Services
        • Radio & Podcast
        • Television
        • Entertainment & Media Overview

        • View All Entertain­ment & Media

        • Health

        • Biometrics
        • Biotechnology
        • Clinical Trials & Medical Discoveries
        • Dentistry
        • FDA Approval
        • Fitness/Wellness
        • Health Care & Hospitals
        • Health Insurance
        • Infection Control
        • International Medical Approval
        • Medical Equipment
        • Medical Pharmaceuticals
        • Mental Health
        • Pharmaceuticals
        • Supplementary Medicine
        • Health Overview

        • View All Health

        • Sports

        • General Sports
        • Outdoors, Camping & Hiking
        • Sporting Events
        • Sports Equipment & Accessories
        • Sports Overview

        • View All Sports

        • Travel

        • Amusement Parks and Tourist Attractions
        • Gambling & Casinos
        • Hotels and Resorts
        • Leisure & Tourism
        • Outdoors, Camping & Hiking
        • Passenger Aviation
        • Travel Industry
        • Travel Overview

        • View All Travel

    • Policy & Public Interest
        • Policy & Public Interest

        • Advocacy Group Opinion
        • Animal Welfare
        • Canadian Federal Government
        • Canadian Municipal Government
        • Canadian Provincial Government
        • Corporate Social Responsibility
        • Domestic Policy
        • Economic News, Trends, Analysis
        • Education
        • Environmental
        • European Government
        • FDA Approval
        • Federal and State Legislation
        • Federal Executive Branch & Agency
        • Foreign Policy & International Affairs
        • Homeland Security
        • Labor & Union
        • Legal Issues
        • Natural Disasters
        • Not For Profit
        • Patent Law
        • Public Safety
        • Trade Policy
        • Policy & Public Interest Overview

        • View All Policy & Public Interest

    • People & Culture
        • People & Culture

        • Aboriginal, First Nations & Native American
        • African American
        • Asian American
        • Children
        • Diversity, Equity & Inclusion
        • Hispanic
        • Lesbian, Gay & Bisexual
        • Men's Interest
        • People with Disabilities
        • Religion
        • Senior Citizens
        • Veterans
        • Women
        • People & Culture Overview

        • View All People & Culture

    • Advanced Search
    • Explore Our Platform
    • Plan Campaigns
    • Create with AI
    • Distribute Press Releases
    • Report Results
    • Amplify Content
    • IR
    • All Products
    • Become a Client
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • General Enquiries
    • Media
    • Worldwide Offices
    • Hamburger menu
    • Cision Canada
    • Send a Release
    • FR
      • Phone

      • 877-269-7890 from 8 AM - 10 PM ET

      • ALL CONTACT INFO
      • Contact Cision

        877-269-7890
        from 8 AM - 10 PM ET

    • Searching for your content...

      No results found. Please change your search terms and try again.

      News Releases

      view all
      Close menu
    • News
    • Products
    • Contact
      • Send a Release
      • Sign Up
      • Resources
      • Investor Relations
      • Journalists
      • Webcasts
      • my CNW
      • GDPR
      • 3 News in Focus
      • 5 Business
      • 5 Science & Tech
      • 5 Lifestyle & Health
      • 1 Policy & Public Interest
      • 1 People & Culture
      • Send a Release
      • Sign Up
      • Resources
      • Investor Relations
      • Journalists
      • Webcasts
      • my CNW
      • GDPR
      • Explore Our Platform
      • Plan Campaigns
      • Create with AI
      • Distribute Press Releases
      • Report Results
      • Amplify Content
      • IR
      • All Products
      • Send a Release
      • Sign Up
      • Resources
      • Investor Relations
      • Journalists
      • Webcasts
      • my CNW
      • GDPR
      • Become a Client
      • Request a Demo
      • Editorial Bureaus
      • Partnerships
      • General Enquiries
      • Media
      • Worldwide Offices
      • General Enquiries
      • Send a Release
      • Sign Up
      • Resources
      • Investor Relations
      • Journalists
      • Webcasts
      • my CNW
      • GDPR
      Close submenu (News in Focus) News in Focus
      • Browse News Releases
      • Multimedia Gallery
      • Trending Topics
      Close submenu (Business) Business
      • Auto & Transportation
      • Business Technology
      • Entertain­ment & Media
      • Financial Services & Investing
      • General Business
      Close submenu (Science & Tech) Science & Tech
      • Consumer Technology
      • Energy & Natural Resources
      • Environ­ment
      • Heavy Industry & Manufacturing
      • Telecomm­unications
      Close submenu (Lifestyle & Health) Lifestyle & Health
      • Consumer Products & Retail
      • Entertain­ment & Media
      • Health
      • Sports
      • Travel
      Close submenu (Policy & Public Interest) Policy & Public Interest
      • Policy & Public Interest
      Close submenu (People & Culture) People & Culture
      • People & Culture

      Lundin Gold Extends High-Grade Gold at FDN South, Expands Potential at FDN East and Discovers New Copper-Gold Mineralization at Trancaloma Target

      Lundin Gold Logo (CNW Group/Lundin Gold Inc.)

      News provided by

      Lundin Gold Inc.

      Feb 23, 2025, 13:00 ET

      Share this article

      Share this article


      VANCOUVER' BC, Feb. 23, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") today announced exceptional high-grade gold and interesting copper drilling results near its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador, including the highest-grade intercepts ever recorded at the FDN South ("FDNS") deposit.  The Company also reported encouraging early-stage results at the new Trancaloma target and continued exploration progress at FDN East.  Highlights from the near mine program at FDNS, FDN East and Trancaloma are outlined below and except as noted in appendix 1 these results were not included in the 2024 Mineral Resource Estimate ("2024 MRE") published on February 18, 2025.  Detailed results are provided at the end of this release (see Appendix 1). PDF Version

      Continue Reading
      Figure 1: Map showing FDN mine and main near-mine exploration targets (CNW Group/Lundin Gold Inc.)
      Figure 1: Map showing FDN mine and main near-mine exploration targets (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDNS near-mine exploration with selected FDNS and FDN East exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDNS near-mine exploration with selected FDNS and FDN East exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: FDN-FDN East Cross section and selected exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: FDN-FDN East Cross section and selected exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 4: Trancaloma map showing Bonza Sur deposit and initial drilling program results (CNW Group/Lundin Gold Inc.)
      Figure 4: Trancaloma map showing Bonza Sur deposit and initial drilling program results (CNW Group/Lundin Gold Inc.)
      Lundin Gold Extends High-Grade Gold at FDN South, Expands Potential at FDN East and Discovers New Copper-Gold Mineralization at Trancaloma Target (CNW Group/Lundin Gold Inc.)
      View PDF
      Lundin Gold Extends High-Grade Gold at FDN South, Expands Potential at FDN East and Discovers New Copper-Gold Mineralization at Trancaloma Target (CNW Group/Lundin Gold Inc.)

      FDNS Drilling Highlights (not true widths):

      • Drill hole UGE-S-24-212 intersected 173.98 grams per tonne ("g/t") of gold ("Au") over 8.45 m from 77.60 m, including:
        • 572.47 g/t Au over 2.50 m
      • Drill hole UGE-S-24-213 intersected 77.31 g/t Au over 10.90 m from 94.80 m, including:
        • 394.78 g/t Au over 2.10 m
      • Drill hole UGE-S-24-185 (included in 2024 MRE) intersected 49.86 g/t Au over 7.80 m from 59.00 m, including:
        • 83.48g/t Au over 4.50 m

      High grade drill holes, particularly UGE-S-24-212 and UGE-S-24-213 demonstrate significant potential for further resource expansion at FDNS.

      FDN East Drilling Highlights (not true widths):

      • Drill hole FDNE-2024-200 intersected 3.15 g/t Au over 53.00 m from 277.80 m, including:
        • 7.13 g/t Au over 8.40 m
      • Drill hole UGE-E-24-210 intersected 10.16 g/t Au over 6.25 m from 238.85 m, including:
        • 14.84 g/t Au over 3.25 m

      These results confirm the continuity of gold mineralization, including the widest mineralized interval at FDN East to date and highlight the potential for further discoveries in this early-stage target.

      Trancaloma Drilling Highlights (not true widths):

      • Drill hole BLP-2024-195 intersected 0.25% Cu, 0.08 g/t Au over 407.75 m from 22.50 m, including:
        • 0.31% Cu and 0.10 g/t Au over 228.00 m

      Initial drilling at the near mine Trancaloma target has identified copper and gold mineralization, requiring further exploration to determine its significance.

      Ron Hochstein, President and CEO, commented, "I am very excited that our near mine exploration program continues to deliver exciting results.  The exceptional results at FDNS, the main driver of our recent mineral resource growth, further demonstrate the potential of this key deposit.  The ongoing exploration at FDN East has provided encouraging results, highlighting the potential for new discoveries near our existing infrastructure.  We are also encouraged by early indications at the Trancaloma target having hit long intersections of low-grade copper and gold mineralization and look forward to further exploration in this area.  With 13 rigs currently drilling and more planned, we are confident in our ability to further expand resources and make new discoveries on the Fruta del Norte concession."

      NEAR-MINE EXPLORATION PROGRAM

      The Company's near-mine exploration strategy focuses on extending mine life through the expansion of Mineral Resources at FDN by exploring and delineating new discoveries close to the operation.  Over the past two years, the exploration program has successfully driven resource growth and led to the discovery of new sectors such as FDNS, Bonza Sur, FDN East, and now Trancaloma (Figure 1).

      In 2024, the Company executed the largest drilling program on the land package that hosts FDN, with more than 80,000 metres completed across 284 drill holes.  In 2025, a minimum of 80,000 metres are planned in the near mine and conversion programs, primarily targeting the FDNS and Bonza Sur deposits and, more recently, the Trancaloma target.  Currently, 13 rigs are active on surface and underground.

      FDNS

      At FDNS, located along the south extension of FDN, a new geological interpretation supported by an underground drill program initiated in the second quarter of 2024 successfully defined FDNS as a mineral deposit containing 2.09 million ounces of Inferred Resource from 12.35 million tonnes with an average grade of 5.25 g/t, with most of the mineralization grading above 7 g/t.  (See press release published on February 18th, 2025)

      Since the start of this exploration program, a total of 37 drill holes were completed, and the recent results, which were received after the recent Mineral Resource estimate update, continue to demonstrate its significant exploration potential.  Of note, drill holes UGE-S-24-212 (173.98 g/t Au over 8.45 m) and UGE-S-24-213 (77.31 g/t Au over 10.90 m) are the highest-grade intercepts ever recorded in the sector and indicate areas for further expansion at FDNS.  Assay results from the drilling undertaken at FDNS are presented in Table 1.

      Results from drill hole UGE-S-24-164 and UGE-S-24-212 show that the FDNS deposit remains open along the south direction.  Drilling of this area will be done from the recently reopened South Portal, where one rig is currently turning.   Two other underground rigs are currently active in the main part of the FDNS deposit as part of the conversion drilling program (Figure 2).

      FDN East

      At FDN East, the 2024 near mine exploration program intercepted a new buried epithermal mineralized system located only 100 metres east of FDN (see Figure 1 and 3).  The gold mineralization at FDN East shows similar hydrothermal alteration, mineralogical characteristics and hosting rocks to those found at FDN and FDNS and is also buried by a sedimentary cover.

      Since its discovery, the drilling program has focused on expanding on the initial positive results and the recent drilling intercepts confirmed the mineralization continuity in the central portion of the target and indicate a potential trend toward FDNS that requires further drilling.  Drill hole FDNE-2024-200 (3.15 g/t over 53m, including 7.13 g/t Au over 8.40 m) intercepted the widest mineralized interval at FDN East to date.  Assay results from the drilling undertaken at FDN East are presented in Table 2.  Some results are pending.  Currently, one surface drill rig is turning at FDN East.

      Trancaloma

      The near-mine exploration program continues to generate discoveries in unexplored areas close to FDN.  Several drill holes from surface were completed as part of a systematic exploration program to test new targets and resulted in the discovery of new Cu-Au mineralization at Trancaloma, located less than one kilometre east from the Bonza Sur deposit (Figure 1 and 4).

      Four drill holes were completed and all returned anomalous values of copper and gold, potentially related to an outer hydrothermal alteration halo of a porphyry system.  Three drill holes ended in mineralization requiring further follow-up drilling.  A drill hole one kilometre east of the initial drill holes intercepted a long hydrothermal alteration zone with disseminated copper bearing sulfides plus quartz-chalcopyrite veins and results are pending.  Initial results from the drilling undertaken at Trancaloma are presented in Table 3.  Currently, two surface drill rigs are turning at Trancaloma.

      Qualified Persons

      The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.  Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analysed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru.  The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.  The remaining half core is retained for verification and reference purposes.  For further information on the assay, QA-QC and data verification procedures, please see Lundin Gold's Annual Information Form dated March 26, 2024, filed under the Company's profile at www.sedarplus.ca.

      About Lundin Gold

      Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador.  Fruta del Norte is among the highest-grade operating gold mines in the world.

      The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly.  The Company operates with transparency and in accordance with international best practices.  Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.  Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.

      Additional Information

      The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation.  This information was publicly communicated on February 23, at 10:00 a.m. Pacific Time through the contact persons set out below.

      Caution Regarding Forward-Looking Information and Statements

      Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements").  Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information.  Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct.  Forward-looking information should not be unduly relied upon.  This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

      This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results and the potential to expand Lundin Gold's estimates of Mineral Reserves and Resources. There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Management's Discussion and Analysis dated February 20, 2025, which is available at www.lundingold.com or www.sedarplus.ca.

      Lundin Gold's actual results could differ materially from those anticipated.  Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: instability in Ecuador; community relations; reliability of power supply; tax changes in Ecuador; security; availability of workforce and labour relations; mining operations; waste disposal and tailings; environmental compliance; illegal mining; Mineral Reserve and Mineral Resource estimates; infrastructure; regulatory risk; government or regulatory approvals; forecasts relating to production and costs; gold price; dependence on a single mine; shortages of critical resources; climate change; exploration and development; control of Lundin Gold; dividends; information systems and cyber security; title matters and surface rights and access; health and safety; human rights; employee misconduct; measures to protect biodiversity, endangered species and critical habitats; global economic conditions; competition for new projects; key talent recruitment and retention; market price of the Company's shares; social media and reputation; insurance and uninsured risks; pandemics, epidemics or infectious disease outbreak; conflicts of interest; violation of anti-bribery and corruption laws; internal controls; claims and legal proceedings; and reclamation obligations.

      APPENDIX 1

      Table 1: Drill hole assay results from the near-mine drilling program at FDNS reported for thickness versus grade intervals above 14 (m x g/t Au >14).  Drill hole intercepts are reported in drill core lengths and true widths.

      Hole ID1

      From (m)

      To (m)

      Interval (m)

      True Width (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      UGE-S-24-159

      137.75

      143.15

      5.40

      4.89

      6.36

      7.12

      FDNS

      Underground

      UGE-S-24-160

      203.50

      208.30

      4.80

      4.16

      12.15

      4.00

      FDNS

      Underground

      Including

      205.30

      206.85

      1.55

      1.30

      34.02

      4.85

      UGE-S-24-164

      118.80

      122.30

      3.50

      2.01

      6.62

      13.87

      FDNS

      Underground

      UGE-S-24-171

      0.80

      8.20

      7.40

      3.70

      10.57

      18.19

      FDNS

      Underground

      Including

      1.60

      4.00

      2.40

      1.20

      27.10

      28.62

      UGE-S-24-171

      10.20

      16.70

      6.50

      3.25

      8.81

      77.22

      Including

      11.10

      13.70

      2.60

      1.30

      20.56

      182.11

      UGE-S-24-171

      21.30

      31.30

      10.00

      6.43

      27.54

      45.96

      Including

      28.00

      31.30

      3.30

      2.12

      67.77

      35.57

      UGE-S-24-171

      59.60

      63.70

      4.10

      3.14

      15.90

      22.77

      Including

      62.10

      63.70

      1.60

      1.22

      36.51

      26.28

      UGE-S-24-180

      65.80

      69.50

      3.70

      3.64

      7.49

      16.96

      FDNS

      Underground

      UGE-S-24-180

      168.60

      172.20

      3.60

      3.48

      9.09

      14.95

      UGE-S-24-184

      10.80

      14.70

      3.90

      3.84

      8.85

      20.18

      FDNS

      Underground

      Including

      11.80

      13.70

      1.90

      1.87

      16.52

      29.53

      UGE-S-24-185

      49.70

      53.50

      3.80

      3.57

      17.61

      57.79

      FDNS

      Underground

      Including

      49.70

      51.85

      2.15

      2.01

      26.55

      46.74

      UGE-S-24-185

      59.00

      66.80

      7.80

      7.33

      49.86

      44.10

      Including

      62.30

      66.80

      4.50

      4.22

      83.48

      58.66

      UGE-S-24-185

      73.05

      84.45

      11.40

      10.71

      7.98

      44.12

      Including

      73.85

      77.30

      3.45

      3.24

      13.18

      72.49

      UGE-S-24-191*

      No Significant Results

      FDNS

      Underground

      UGE-S-24-192*

      No Significant Results

      FDNS

      Underground

      UGE-S-24-196*

      No Significant Results

      FDNS

      Underground

      UGE-S-24-199*

      58.50

      63.20

      4.70

      2.35

      14.16

      18.01

      FDNS

      Underground

      Including

      61.40

      63.20

      1.80

      0.90

      26.24

      19.56

      UGE-S-24-212*

      77.60

      86.05

      8.45

      8.08

      173.98

      38.12

      FDNS

      Underground

      Including

      81.50

      84.00

      2.50

      2.39

      572.47

      113.81

      UGE-S-24-213*

      94.80

      105.70

      10.90

      8.93

      77.31

      9.23

      FDNS

      Underground

      Including

      103.60

      105.70

      2.10

      1.72

      394.78

      34.03

      UGE-S-25-249*

      Pending Results

      FDNS

      Underground

      UGE-S-25-250*

      Pending Results

      FDNS

      Underground

      ______________________________

      1

      Hole ID's with Asterisks are excluded from the 2024 Mineral Reserve and Mineral Resource estimate with an effective date of December 31, 2024.

      Table 2: Drill hole assay results from FDN East underground drilling program reported for thickness versus grade intervals above 14 (m x g/t Au >14).  Drill hole intercepts are reported in drill core lengths.  (Not included in the 2024 MRE)

      Hole ID

      From (m)

      To (m)

      Interval (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      FDNE-2024-097

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-105

      247.80

      250.45

      2.65

      4.86

      1.87

      FDN - East

      Surface

      Including

      248.70

      249.45

      0.75

      17.00

      4.28

      FDNE-2024-105

      260.00

      276.00

      16.00

      1.33

      6.67

      Including

      272.60

      276.00

      3.40

      3.62

      4.91

      FDNE-2024-122

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-122-D1

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-122-D2

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-122-D3

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-134

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-137

      No Significant Results

      FDN - East

      Surface

      FDNE-2024-172

      121.70

      218.00

      96.30

      0.26

      3.88

      FDN - East

      Surface

      Including

      202.20

      203.20

      1.00

      2.84

      75.90

      FDNE-2024-172

      370.60

      388.65

      18.05

      0.32

      1.91

      Including

      371.80

      372.90

      1.10

      1.52

      2.45

      FDNE-2024-200

      277.80

      330.80

      53.00

      3.15

      4.62

      FDN - East

      Surface

      Including

      277.80

      286.20

      8.40

      7.13

      8.38

      Including

      303.10

      307.70

      4.60

      9.40

      7.30

      FDNE-2024-223

      No Significant Results

      FDN - East

      Surface

      FDNE-2025-242

      Pending Results

      FDN - East

      Surface

      FDNE-2025-258

      Pending Results

      FDN - East

      Surface

      UGE-E-24-210

      238.85

      245.10

      6.25

      10.16

      10.38

      FDN - East

      Underground

      Including

      238.85

      242.10

      3.25

      14.84

      17.10

      UGE-E-25-248

      Pending Results

      FDN - East

      Underground

      Table 3: Drill hole assay results from the Trancaloma target surface drilling program.  Drill hole intercepts are reported in drill core lengths

      Hole ID

      From (m)

      To (m)

      Interval (m)

      Cu (%)

      Au (g/t)

      Target

      Zone

      BLP-2024-195

      22.50

      430.25

      407.75

      0.25

      0.08

      Trancaloma

      Surface

      Including

      145.00

      373.00

      228.00

      0.31

      0.10

      BLP-2024-201

      133.60

      350.05

      216.45

      0.28

      0.12

      Trancaloma

      Surface

      Including

      176.00

      350.05

      174.05

      0.30

      0.13

      BLP-2024-208

      6.00

      441.05

      435.05

      0.19

      0.06

      Trancaloma

      Surface

      Including

      181.50

      391.40

      209.90

      0.23

      0.06

      BLP-2024-209

      No Significant Results

      Trancaloma

      Surface

      BLP-2024-217

      184.30

      406.50

      222.20

      0.24

      0.07

      Trancaloma

      Surface

      Including

      211.00

      231.85

      20.85

      0.39

      0.09

      TRL-2024-220

      Pending Results

      Trancaloma

      Surface

      BLP-2024-229

      Pending Results

      Trancaloma

      Surface

      BLP-2024-239

      Pending Results

      Trancaloma

      Surface

      Table 4: FDNS, FDNE and Trancaloma Collar Drill Holes

      Hole ID

      Target

      Easting

      Northing

      Elevation

      Azimuth

      Dip

      EOH (m)

      Drilling Type

      Year

      UGE-S-24-159

      FDNS

      778197

      9582234

      1185

      298

      -7

      250.30

      Underground

      2024

      UGE-S-24-160

      FDNS

      778197

      9582234

      1185

      323

      -5

      210.00

      Underground

      2024

      UGE-S-24-164

      FDNS

      778221

      9582229

      1186

      152

      20

      210.90

      Underground

      2024

      UGE-S-24-171

      FDNS

      778222

      9582231

      1187

      112

      35

      200.00

      Underground

      2024

      UGE-S-24-180

      FDNS

      778202

      9582346

      1182

      120

      -20

      203.00

      Underground

      2024

      UGE-S-24-184

      FDNS

      778202

      9582347

      1182

      71

      -20

      181.60

      Underground

      2024

      UGE-S-24-185

      FDNS

      778202

      9582522

      1178

      118

      -30

      173.90

      Underground

      2024

      UGE-S-24-191

      FDNS

      778199

      9582797

      1080

      100

      -30

      220.00

      Underground

      2024

      UGE-S-24-192

      FDNS

      778199

      9582797

      1081

      130

      -10

      248.00

      Underground

      2024

      UGE-S-24-196

      FDNS

      778199

      9582556

      1085

      60

      -35

      197.70

      Underground

      2024

      UGE-S-24-199

      FDNS

      778199

      9582552

      1087

      155

      25

      300.00

      Underground

      2024

      UGE-S-24-212

      FDNS

      778191

      9582257

      1092

      273

      -15

      180.00

      Underground

      2024

      UGE-S-24-213

      FDNS

      778191

      9582259

      1093

      300

      -15

      175.00

      Underground

      2024

      UGE-S-25-249

      FDNS

      778192

      9582257

      1093

      273

      -35

      234.00

      Underground

      2025

      UGE-S-25-250

      FDNS

      778192

      9582257

      1093

      250

      -19

      220.00

      Underground

      2025

      FDNE-2024-097

      FDN - East

      778473

      9582553

      1626

      88

      -67

      797.50

      Surface

      2024

      FDNE-2024-105

      FDN - East

      778604

      9582909

      1610

      88

      -45

      417.75

      Surface

      2024

      FDNE-2024-122

      FDN - East

      778261

      9583106

      1505

      177

      -73

      203.70

      Surface

      2024

      FDNE-2024-122-D1

      FDN - East

      778261

      9583106

      1505

      177

      -73

      356.90

      Surface

      2024

      FDNE-2024-122-D2

      FDN - East

      778261

      9583106

      1505

      177

      -73

      284.90

      Surface

      2024

      FDNE-2024-122-D3

      FDN - East

      778261

      9583106

      1505

      177

      -73

      341.80

      Surface

      2024

      FDNE-2024-134

      FDN - East

      778604

      9582909

      1610

      79

      -64

      583.80

      Surface

      2024

      FDNE-2024-137

      FDN - East

      778679

      9583051

      1605

      69

      -44

      670.00

      Surface

      2024

      FDNE-2024-172

      FDN - East

      778603

      9582908

      1610

      123

      -54

      529.00

      Surface

      2024

      FDNE-2024-200

      FDN - East

      778264

      9583107

      1505

      69

      -40

      449.80

      Surface

      2024

      FDNE-2024-223

      FDN - East

      778676

      9583052

      1605

      328

      -50

      479.80

      Surface

      2024

      FDNE-2025-242

      FDN - East

      778267

      9583371

      1524

      99

      -40

      422.15

      Surface

      2025

      FDNE-2025-258

      FDN - East

      778264

      9583107

      1505

      65

      -30

      350.05

      Surface

      2025

      UGE-E-24-210

      FDN - East

      778093

      9583238

      1270

      108

      11

      270.00

      Underground

      2024

      UGE-E-25-248

      FDN - East

      778130

      9583338

      1272

      135

      -3

      606.00

      Underground

      2025

      BLP-2024-195

      Trancaloma

      779593

      9580744

      1650

      294

      -50

      430.25

      Surface

      2024

      BLP-2024-201

      Trancaloma

      779048

      9581111

      1548

      89

      -40

      350.05

      Surface

      2024

      BLP-2024-208

      Trancaloma

      779595

      9580744

      1651

      254

      -50

      441.05

      Surface

      2024

      BLP-2024-209

      Trancaloma

      779001

      9581334

      1486

      270

      -60

      181.60

      Surface

      2024

      BLP-2024-217

      Trancaloma

      779047

      9581111

      1548

      89

      -60

      479.10

      Surface

      2024

      TRL-2024-220

      Trancaloma

      780081

      9581596

      1481

      123

      -60

      976.65

      Surface

      2024

      BLP-2024-229

      Trancaloma

      779072

      9581469

      1489

      89

      -39

      400.00

      Surface

      2024

      BLP-2024-239

      Trancaloma

      779386

      9581869

      1513

      269

      -54

      577.00

      Surface

      2024

      SOURCE Lundin Gold Inc.

      For more information, please contact: Ron F. Hochstein, President and CEO, Tel: +1-604-806-3589, ron.hochstein@lundingold.com, Ron F. Hochstein; Brendan Creaney, Vice President, Corporate Development & Investor Relations, Tel: +1-604-376-4595, brendan.creaney@lundingold.com , Brendan Creaney

      Modal title

      Organization Profile

      Lundin Gold Inc.

        Also from this source

      • Lundin Gold Reports Third Quarter 2026 Results

      • Lundin Gold Declares Quarterly Dividends of US$1.14 per Share

      • Lundin Gold Share Capital and Voting Rights Update

      Contact PR Newswire

      • 866-245-2317
        from 7:30 AM - 6:30 PM ET
      • Become a Client
      • Request a Demo
      • Editorial Bureaus
      • Partnerships
      • General Enquiries
      • Media

      Products

      • Explore Our Platform
      • Plan Campaigns
      • Create with AI
      • Distribute Press Releases
      • Report Results
      • Amplify Content
      • Investor Relations

      About

      • About PR Newswire
      • About Cision
      • Careers
      • APAC
      • APAC - Simplified Chinese
      • APAC - Traditional Chinese
      • Brazil
      • Canada
      • Czech
      • Denmark
      • Finland
      • France
      • Germany
      • India
      • Indonesia
      • Israel
      • Japan
      • Korea
      • Mexico
      • Middle East
      • Middle East - Arabic
      • Netherlands
      • Norway
      • Poland
      • Portugal
      • Russia
      • Slovakia
      • Spain
      • Sweden
      • United States
      • Vietnam

      My Services

      • All News Releases
      • Platform Login
      • Privacy Policy

      Do not sell or share my personal information:

      • Submit via Privacy@cision.com 
      • Call Privacy toll-free: 877-297-8921

      Contact Cision

      Products

      About

      My Services
      • All News Releases
      • Platform
      • Next Gen Communications Cloud
      • Cision Communications Cloud
      • my CNW
      877-269-7890
      from 8 AM - 10 PM ET
      • Terms of Use
      • Information Security Policy
      • Site Map
      • Cookie Settings
      • Accessibility Statement
      Copyright © 2026 CNW Group Ltd. All Rights Reserved. A Cision company.