LODE GOLD EXPANDS DRILL PROGRAM AT FLAGSHIP FREMONT GOLD MINE PROJECT
Trading symbols
TSXV: LOD
US: LODFF
VANCOUVER, BC, Sept. 10, 2026 /CNW/ -- Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce an expansion of its ongoing drill program at its 100%-owned flagship Fremont Gold Mine ("Fremont") in Mariposa County, California. The expanded program will be executed via an amendment to the Company's previously approved Authorized Use Permit (Drill Permit), streamlining operational timelines and regulatory approvals.
The expanded drilling scope incorporates four newly added drill pads--PT-J 011, PT-J 012, HGD-002, and HGD-003--designed to advance key engineering, metallurgical, and hydrogeological objectives while simultaneously stepping out to explore untested zones across the property.
Key Technical Objectives of the Expanded Program
- Enhanced Metallurgical Representativeness (Pads PT-J 011 & PT-J 012): Two dedicated metallurgical core holes will be drilled to collect high-quality PQ-diameter core samples. This work will optimize recovery mapping and refine geometallurgical domain modeling for future feasibility-level engineering studies.
- In-Situ Hydrogeological & Permeability Testing (Pads HGD-002 & HGD-003): Two vertical hydrogeological drill holes will undergo in-situ permeability testing and hydrological monitoring to establish baseline hydrogeological parameters required for mine planning.
- Targeting Step-Out Exploration in Untested Zones: In addition to gathering critical hydrological data, pads HGD-002 and HGD-003 are strategically positioned to test subsurface targets in areas currently lacking historical drilling data, providing potential upside for resource expansion.
"By advancing these additional targets through an amendment to our existing Drill Permit, we are efficiently maximizing the value and technical rigor of our Fremont drill program without regulatory friction," said Wendy T. Chan, CEO and Director of Lode Gold. "The inclusion of metallurgical pads PT-J 011 and PT-J 012, combined with vertical hydrogeological pads HGD-002 and HGD-003, ensures we collect essential engineering and permeability data while concurrently testing unexplored zones that offer potential resource upside."
About Lode Gold
Lode Gold has key assets in Canada and United States.
Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off1. Average true widths at 1 g/t cut off is 53m. MRE (link) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).
Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013 PEA, MRE (link to report) : 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000 oz at 0.71 g/t within 2.1 Mt Inferred.
Qualified Person
The technical information contained in this press release was reviewed and approved by Gary Wong, P.Eng., Vice President of Exploration of Lode Gold, designated as a qualified person under National Instrument 43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
[email protected]
+1(604) 977-GOLD (4653)
Kevin Shum
Investor Relations
[email protected]
+1(604) 977-GOLD (4653)
Cautionary Statement Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; and currency fluctuations.
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, business disruptions, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
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1 0.25 g/t for oxide, 0.45 g/t for open pit mineralization and 1.45 g/t for underground mineralization |
SOURCE Lode Gold Resources Inc
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