The Joint (US:JYNT) Newsfile·2025-09-29 14:10Core Insights - Lode Gold Resources Inc has completed an Internal Scoping Study for a shift to a 100% underground bulk mining scenario at its Fremont gold project in California, USA [1][11] - The company is seeking a Joint Venture partner to invest and evaluate the potential for a gold pour in early 2028, with a full ramp-up expected by 2030 [2] - The Preliminary Economic Assessment (PEA) from 2023 will be optimized, with a potential increase in scale from 4,000 to 6,000 tonnes per day, contingent on further studies [3] Project Details - The Fremont project will utilize only 20% of the 3,351 acres of patented land, focusing on underground mining to minimize environmental impact [6] - The mining plan eliminates the use of cyanide and will not process surface oxides on-site, with a portable mill estimated to handle 300-500 tonnes per day for initial pilot operations [6] - The average true widths of mineralization are reported at 53 meters for a 1 g/t cut-off and 17 meters for a 3 g/t cut-off, indicating significant resource potential [6] Economic Assessment - The 2023 PEA indicated a potential gold production of 136,000 ounces per year at a processing rate of 4,000 tonnes per day, based on a resource estimate of 1 million ounces Measured and Indicated and 2 million ounces Inferred [3] - The strategy pivot to 100% underground mining is supported by findings from the 2025 Mineral Resource Estimate, which separates mineralization into veins and stockwork [3][11] Company Background - Lode Gold is focused on exploration and development in safe mining jurisdictions in Canada and the United States, with significant projects in Yukon and New Brunswick [8][9] - The Fremont Mine, previously operational during the Gold Rush, has substantial exploration upside, with only 8% of the resource identified in the 2025 MRE extracted to date [10]