Lode Gold Confirms Geology Consistent to Adjacent Puma/Kinross in New Brunswick: Gold Mineralized Rhyolites
Lode Gold Resources (LODFF) has completed phase one exploration in New Brunswick, confirming gold mineralization in rhyolites at McIntyre Brook, consistent with the adjacent Puma/Kinross JV property. The company expanded its land package to 445 km² following positive gold soil anomalies.
Key findings include a HeliTEM² Survey covering 419 km² and trenching results at McIntyre Brook showing 5.3m of 1.19 g/t Au, with a minimum strike extension of 200 metres. The mineralized rhyolite horizon is up to 9-metres thick. At Riley Brook, reconnaissance soil sampling revealed multiple gold anomalies with coincident Antimony, Arsenic, and Tungsten pathfinder elements.
The exploration program confirmed gold-bearing rhyolitic mineralization at McIntyre Brook through trenching and channel sampling, while Riley Brook showed promising geophysical and multi-element geochemical anomalies. Further drill testing is planned after complete 2024 exploration dataset analysis.
Lode Gold Resources (LODFF) ha completato la fase uno delle esplorazioni in New Brunswick, confermando la mineralizzazione dell'oro nelle rioliti a McIntyre Brook, in linea con la vicina proprietà Puma/Kinross JV. L'azienda ha ampliato il suo pacchetto di terreni a 445 km² dopo aver riscontrato anomalie positive nell'oro del suolo.
I risultati chiave includono un'Indagine HeliTEM² che copre 419 km² e risultati di campionamento a trincea a McIntyre Brook che mostrano 5,3 m di 1,19 g/t Au, con una estensione minima di strike di 200 metri. L'orizzonte riolitico mineralizzato ha uno spessore che raggiunge i 9 metri. A Riley Brook, i campionamenti del suolo di ricognizione hanno rivelato molteplici anomalie dorate con la coincidenza di elementi indicativi di Antimonio, Arsenico e Tungsteno.
Il programma di esplorazione ha confermato la mineralizzazione riolitica contenente oro a McIntyre Brook tramite campionamenti a trincea e canali, mentre Riley Brook ha mostrato promettenti anomalie geofisiche e geochimiche multi-elemento. Ulteriori test di perforazione sono previsti dopo l'analisi completa del dataset di esplorazione del 2024.
Lode Gold Resources (LODFF) ha completado la fase uno de exploración en New Brunswick, confirmando la mineralización de oro en riolitas en McIntyre Brook, consistente con la propiedad vecina Puma/Kinross JV. La empresa amplió su paquete de tierras a 445 km² tras la aparición de anomalías positivas de oro en el suelo.
Los hallazgos clave incluyen un estudio HeliTEM² que abarca 419 km² y resultados de trincheras en McIntyre Brook que muestran 5,3 m de 1,19 g/t Au, con una extensión mínima de strike de 200 metros. El horizonte de riolita mineralizada tiene un espesor de hasta 9 metros. En Riley Brook, el muestreo de suelo de reconocimiento reveló múltiples anomalías de oro coincidentes con elementos indicativos de Antimonio, Arsénico y Tungsteno.
El programa de exploración confirmó la mineralización riolítica portadora de oro en McIntyre Brook a través de muestreos de trinchera y canal, mientras que Riley Brook mostró prometedoras anomalías geofísicas y geoquímicas multi-elementales. Se planifican más pruebas de perforación tras el análisis completo del conjunto de datos de exploración de 2024.
Lode Gold Resources (LODFF)는 뉴 브런즈윅에서 1단계 탐사를 완료하였으며, McIntyre Brook에서 화산암 내의 금 광화를 확인했습니다. 이는 인접한 Puma/Kinross JV 소유지와 일치합니다. 이 회사는 긍정적인 금 토양 이상 현상이 발견된 후 토지 패키지를 445 km²로 확장했습니다.
주요 발견 사항으로는 419 km²를 커버하는 HeliTEM² 조사가 있으며, McIntyre Brook에서의 트렌치 결과는 1.19 g/t Au의 5.3m와 최소 200미터의 스트라이크 연장을 보여주고 있습니다. 광화된 화산암 지층은 최대 9미터 두껍습니다. Riley Brook에서는 탐사적 토양 샘플링을 통해 안티모니, 비소 및 텅스텐 경과 요소와 동시 발생하는 여러 금 이상 현상이 발견되었습니다.
탐사 프로그램은 트렌칭 및 채널 샘플링을 통해 McIntyre Brook에서 금이 포함된 화산암 광화가 있음을 확인하였으며, Riley Brook에서는 유망한 지구 물리학적 및 다원소 지구 화학적 이상 현상이 나타났습니다. 2024년 탐사 데이터 세트 분석 후 추가적인 드릴 테스트가 계획되어 있습니다.
Lode Gold Resources (LODFF) a terminé la première phase d'exploration dans le Nouveau-Brunswick, confirmant la minéralisation de l'or dans des rhyolites à McIntyre Brook, conforme à la propriété adjacente Puma/Kinross JV. La société a élargi son terrain à 445 km² suite à des anomalies positives d'or dans le sol.
Les résultats clés incluent une enquête HeliTEM² couvrant 419 km² et les résultats de fouilles à McIntyre Brook montrant 5,3 m de 1,19 g/t Au, avec une extension minimale de 200 mètres en profondeur. L'horizon rhyolitique mineralisé fait jusqu'à 9 mètres d'épaisseur. À Riley Brook, les échantillonnages de sol de reconnaissance ont révélé de nombreuses anomalies d'or avec des éléments indicateurs d'Antimoine, d'Arsenic et de Tungstène.
Le programme d'exploration a confirmé la minéralisation rhyolitique aurifère à McIntyre Brook par des fouilles et des échantillonnages de canal, tandis que Riley Brook a montré des anomalies géophysiques et géochimiques multi-élément prometteuses. D'autres tests de forage sont prévus après une analyse complète du jeu de données d'exploration de 2024.
Lode Gold Resources (LODFF) hat die erste Phase der Erkundung in New Brunswick abgeschlossen und dabei die Goldmineralisierung in Rhyolithen bei McIntyre Brook bestätigt, was mit der angrenzenden Puma/Kinross JV-Immobilie übereinstimmt. Das Unternehmen hat sein Landpaket auf 445 km² erweitert, nachdem positive Goldbodenanomalien festgestellt wurden.
Zu den wichtigsten Ergebnissen gehört eine HeliTEM²-Umfrage, die 419 km² abdeckt, sowie Ergebnisse von Grabungen bei McIntyre Brook, die 5,3 m mit 1,19 g/t Au zeigen, mit einer minimalen Streckenverlängerung von 200 Metern. Die mineralisierte Rhyolithhorizont ist bis zu 9 Meter dick. Bei Riley Brook zeigte eine Erkundung von Bodenproben mehrere Goldanomalien, die mit Antimon-, Arsen- und Wolfram-Pfadfinder-Elementen zusammenfallen.
Das Erkundungsprogramm bestätigte die goldhaltige rhyolitische Mineralisierung bei McIntyre Brook durch Grabungen und Kanalsampling, während Riley Brook vielversprechende geophysikalische und multi-elementare geochemische Anomalien zeigte. Weitere Bohrversuche sind nach einer vollständigen Analyse des Erkundungsdatensatzes 2024 geplant.
- Confirmed gold mineralization in rhyolites at McIntyre Brook with 5.3m @ 1.19 g/t Au
- Expanded land package by 26 km² to total 445 km²
- Discovery of multiple gold anomalies at Riley Brook property
- Minimum strike extension of 200 metres with up to 9-metre thick mineralized horizon
- Only 10% of Riley Brook property has been explored through soil sampling
- Additional ground follow-up required before drilling can commence
- Pending assay results for pathfinder elements
Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it has completed phase one of exploration in New Brunswick. The preliminary exploration results on its New Brunswick properties are held in its subsidiary Gold Orogen (new Spin Co). Lode Gold confirms gold endowment in mineralized rhyolites in McIntyre Brook; the geology is consistent with the surrounding Puma/Kinross JV property. Due to positive gold soil anomalies, Lode Gold expanded its land package to 445 km2. Further analysis in drill targeting is in progress.
Lode Gold subsidiary, Gold Orogen (Spin Co), holds key assets in Yukon and New Brunswick. In New Brunswick, Acadian Gold, its 50/50 JV company with Fancamp Exploration has two assets: McIntyre Brook and Riley Brook.
Exploration Highlights
A Heliborne HeliTEM² Survey, by Xcalibur, was flown covering 419 km² of the joint venture land package, utilizing a 150 m line spacing totalling 3,247 line kilometers. The survey collected Magnetic, Radiometric and Electro Magnetic (EM) data.
Geophysics, prospecting and trenching at McIntyre Brook confirmed the presence of a gold bearing rhyolite horizon (refer to Figure 4 and Table 1), with preliminary trench results that include 5.3 m of 1.19 g/t Au. This is similar to the geology (rhyolite hosted mineralization) of Puma Exploration's Williams Brook Project under option to Kinross Gold Corp, adjacent to our property.
Radiometric and conductive geophysics has revealed geophysical anomalies at both McIntyre Brook and Riley Brook (refer to Figures 1, 2 and 3).
Drill testing is scheduled to commence after all results from 2024 have been received and the complete 2024 exploration dataset has been analyzed. Prospective areas may require additional ground follow-up, before drilling.
Orientation soil geochemical surveys were conducted over three grids covering approximately
10% of the Riley Brook property. They revealed the presence of large soil Au-W-As-Sb geochemical anomalies positioned in the southern part of the property (refer to Figure 2).Based on these results, the joint venture staked an additional 26 km² (new total JV area of 445 km2) at the southwestern edge of the Riley Brook property to cover the potential continuation of the soil geochemical anomaly and coincident conductivity anomaly.
McIntyre Brook
The trenching at the McIntyre Brook prospect has significantly increased the known surface expression of a mineralized rhyolite horizon initially revealed by Lode Gold's 2019 drill results (20 m @1.2 g/t and 16 m @ 0.84 g/t in two holes). The new work demonstrates a minimum strike extension of the mineralization of at least a 200-metre with the horizon measured up to 9-metre thick. The trench results report up to 5.3 m @ 1.19 g/t Au (see Figure 4). Multi-element assays for pathfinder elements are awaited. This mineralization appears similar to mineralized lithological unit on the neighbouring Williams Brook Project (Puma Exploration).
The trenching also allowed for a better definition of the strike and dip of the gold bearing rhyolites at the McIntyre Brook prospect. Follow-up exploration drilling along the northeast and southwest mineralization trends can be better defined with this information.
These results are considered very encouraging, and work is planned at McIntyre Brook prospect to extend the strike and identify potential parallel structures and inflections.
The EM airborne data has revealed a distinctive anomaly in the east of the property. Soil samples were taken from this area, assay results are expected later this month.
Riley Brook
Recon soil sampling (only covering
Future work will consider ground geophysics to cover the gold geochemistry and EM anomaly. Further soil sampling and trenching is planned for spring 2025.
"The first phase of exploration at the Acadian Gold joint venture has been successful at confirming gold bearing rhyolitic mineralization at McIntyre Brook through the trenching and channel sampling; and at Riley Brook with coincident, geophysical and multi-element geochemical anomalies," comments François Auclair, Vice President Exploration of Fancamp and Acadian Gold (subsidiary of Gold Orogen). "The results at both properties are highly encouraging considering the limited historical work recorded in the area, especially noting that our current soil sampling has covered less than
Figure 1: Total field magnetic image over Puma Exploration's Williams Brook property (optioned to Kinross). Red colors represent volcanics. Inset shows new total magnetic field data demonstrating these rock types trend into the McIntyre Brook property.
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Figure 2: Total magnetic field images over McIntyre Brook and Riley Brook.
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Figure 3: Riley Brook coincident EM and soil geochemical anomaly.
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Figure 4: McIntyre Brook Prospect Trenching Results.
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| Trench ID | From (m) | To (m) | Length (m) | Au (gpt) | Metal Factor (gpt*m) |
| T10 | 8.8 | 14.1 | 5.3 | 1.19 | 6.30 |
| T9 | 3 | 9.8 | 6.8 | 0.89 | 6.04 |
| T1 | 24.9 | 28.9 | 4 | 0.21 | 0.86 |
| T2 | 3.7 | 6.7 | 3 | 0.50 | 1.51 |
| T5 | No significant assay results | ||||
| T6 | No significant assay results | ||||
Table 1: Preliminary Trenching Results at McIntyre Brook.
About Lode Gold
Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.
In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.
In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 445 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 335 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.
In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1940's.
Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only
The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.
Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (
All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).
QUALIFIED PERSON STATEMENT
The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan, CEO & Director
Information Contact
Winfield Ding
CFO
info@lode-gold.com
+1-604-977-4653
Kevin Shum
Investor Relations
kevin@jeminicapital.com
+1 (647) 725-3888 ext. 702
Cautionary Note Related to this News Release and Figures
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
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; currency fluctuations; and impact of the COVID-19 pandemic.
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, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, 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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FAQ
What are the latest gold exploration results for LODFF at McIntyre Brook?
How large is LODFF's current land package in New Brunswick after recent expansion?
What geophysical surveys did LODFF complete in their 2024 New Brunswick exploration?
What are the similarities between LODFF's McIntyre Brook and the adjacent Puma/Kinross property?
When will LODFF begin drill testing at the New Brunswick properties?
