Lode Gold Identifies Upside Potential at Fremont Mine, Mariposa - Mother Lode Belt: 9 New Exploration Targets

Core Insights - Lode Gold Resources Inc has identified nine new exploration targets at the Fremont Mine, enhancing its potential for mineralization beyond the previously known deposits [1][6][29] Group 1: Exploration and Technology - The new targets were identified using VRIFY's DORA, an AI tool that integrates various geological data to generate high-probability exploration targets [2][4][26] - DORA analyzed over 259 data layers, including geochemistry, geophysics, and drill data, to create a comprehensive prospectivity map for the Fremont Mine [21][24] - The AI platform revealed complex correlations and generated new exploration targets while validating existing zones [3][26] Group 2: Resource Estimates and Mining Plans - The 2023 Preliminary Economic Assessment (PEA) estimates a mineral resource of 1 million ounces in the Measured and Indicated category and 2 million ounces in the Inferred category [7][30] - Only 8% of the resource identified in the 2025 Mineral Resource Estimate has been extracted, indicating significant exploration upside [11][29] - The company plans to advance several new targets toward drilling and aims to initiate a Pre-Feasibility Study by early 2026 [6][15] Group 3: Historical Context and Future Operations - The Fremont Mine was previously mined at a grade of 10.7 grams per tonne before operations ceased in 1942 due to World War II [13][29] - Current plans include underground bulk mining, with a potential processing capacity of 300-500 tonnes per day, aiming to pour gold by early 2028 [16][18] - The mine has extensive underground workings, with 23 kilometers extending from the surface to a depth of 500 meters, and is open for further exploration [8][29]