Lode Gold Adds 5,000 Historical Channel Samples to Upgrade Mineral Resource Estimate at Fremont Gold Mine, California

Core Insights - Lode Gold Resources Inc has successfully recovered over 5,000 historical underground samples from the Fremont Gold mine, significantly enhancing its mineral resource estimate [1][2][4] Group 1: Sample Recovery and Database Enhancement - The recovery of 5,728 underground samples increases the validated sample database from 3,212 to 8,593 records, improving geological understanding and exploration potential [2][4] - The samples include various types such as transversal and longitudinal channel cuts, and short drill holes, collected from historical shafts and stopes [4][6] Group 2: Historical Data and Resource Estimation - A total of 665 daily assay reports from 1936 to 1941 were recovered, which can help trace historical samples and quantify grades of exploited stopes [5] - The validation of these samples may allow Lode Gold to update the mineral resource estimate (MRE) with a higher proportion of Measured and Indicated Resources [7][8] Group 3: Project Overview and Infrastructure - The Fremont Gold mine is a brownfield project with over 43,000 meters drilled, 23 kilometers of underground workings, and 20 adits, with excellent infrastructure [3][19] - Only 8% of the resource identified in the 2025 MRE has been extracted, indicating significant exploration upside with 92% remaining [14][19] Group 4: Future Development Potential - The company has completed a new 3D model for improved accuracy of mined areas, which will aid in future resource estimation [7] - Lode Gold is positioned to potentially resume operations based on 100% underground mining, following a recent internal scoping study [20]