Lode Gold Resources Inc. Advances Mineral Resource Estimate at Fremont Gold Mine

Lode Gold Resources Inc. (TSXV: LOD, OTCQB: LODFF) has announced a significant enhancement to its mineral resource model for the Fremont Gold Mine in Mariposa County, California. The company recovered more than 5,000 historical underground samples from legacy geological maps and sections, expanding its validated sample database from 3,212 to 8,593 records.

Context of the Upgrade

The Fremont project is a brownfield operation that previously produced gold at an average grade of 10.7 g/t Au. The mine has a substantial infrastructure network, including 43,000 m of drilling, 23 km of underground workings, 20 adits, and proximity to essential utilities such as electricity, water, roads, railhead, and port facilities. During World War II, mining was suspended and the license was temporarily withdrawn, leaving a relatively untapped resource base.

Impact on Exploration Potential

By incorporating the newly recovered samples, Lode Gold has:

  • Substantially increased the geological understanding of the deposit, enabling a more accurate delineation of the ore body.
  • Improved confidence in resource estimates, which is critical for attracting investment and facilitating future development.
  • Enhanced the project’s economic case, as a larger, better-defined resource can reduce the cost per tonne and increase the potential return on capital.

The company has begun analysis of the additional data and expects to refine its mineral resource estimate further in the coming weeks. This milestone positions Fremont as a more compelling asset for stakeholders and aligns with Lode Gold’s strategy of leveraging historical data to unlock value in existing operations.

Market Reaction

Following the announcement, Lode Gold’s shares traded at CAD 0.21 on the TSX Venture Exchange as of 24 November 2025. The company’s market capitalization stands at 9.87 million CAD, with a price‑earnings ratio of ‑2.49, reflecting its ongoing exploration focus rather than profitability. The 52‑week high for the stock was CAD 0.28 on 20 January 2025, while the low was CAD 0.14 on 10 December 2024, indicating modest volatility within a limited trading range.

Company Profile

Lode Gold Resources Inc. is headquartered in Toronto, Canada, and specializes in exploration and mining services within the metals and mining sector. The company’s core mission is to explore and develop gold projects that meet the demands of Canadian investors and customers. More information is available on its website at www.lode-gold.com .

Conclusion

The addition of 5,000 historical channel samples marks a pivotal step for Lode Gold in refining the Fremont Gold Mine’s resource profile. By deepening its geological insight, the company strengthens its position to secure financing, attract partners, and ultimately transition from exploration to production. Investors and industry analysts will be watching closely as Lode Gold progresses toward a revised mineral resource estimate and a clearer path to commercialization.