Lode Gold's Upcoming Spin Co, Gold Orogen, Defines 2025 New Brunswick Exploration Targets; Reports Gold-in-Soil and EM Anomalies Identifying Highly Prospective Mineralized Systems at McIntyre Brook
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) has announced exploration targets for its subsidiary Gold Orogen, which will be spun out as a separate public company in March 2025. The spin-out, pending Exchange and Shareholder approval, will be finalized at the Annual Shareholder Meeting on March 10, 2025.
Gold Orogen has established a joint venture called Acadian Gold with Fancamp, creating a 445 km² land package on the Iapetus Suture Belt in New Brunswick. Recent HeliTEM² survey and soil geochemistry work at McIntyre Brook revealed promising EM conductors near gold-in-soil anomalies. Notable findings include gold endowment in mineralized rhyolites and a historical drill intercept of 5.73 g/t Au within a 20m zone of 1.20 g/t Au.
The exploration revealed gold-in-soil anomalies associated with Arsenic, Antimony, and Tungsten, along with a 275 ppb Au stream sediment anomaly. These findings, combined with the structural setting between McIntyre Brook and Ramsay Brook faults, have designated the area as a high-priority target for Gold Orogen's 2025 exploration program.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) ha annunciato gli obiettivi di esplorazione per la sua sussidiaria Gold Orogen, che sarà scorporata come una società pubblica separata a marzo 2025. Lo scorporo, soggetto all'approvazione della Borsa e degli Azionisti, sarà finalizzato durante l'Assemblea Annuale degli Azionisti il 10 marzo 2025.
Gold Orogen ha stabilito una joint venture chiamata Acadian Gold con Fancamp, creando un pacchetto di terreni di 445 km² nella Iapetus Suture Belt nel New Brunswick. Recenti lavori di sondaggio HeliTEM² e geochimica del suolo a McIntyre Brook hanno rivelato promettenti conduttori EM vicino ad anomalie di oro nel suolo. Tra i risultati notevoli ci sono le risorse auree in rioliti mineralizzati e un'intercettazione storica di perforazione di 5.73 g/t Au all'interno di una zona di 20m di 1.20 g/t Au.
L'esplorazione ha rivelato anomalie di oro nel suolo associate ad Arsenico, Antimonio e Tungsteno, insieme a un'anomalia di sedimenti fluviali di 275 ppb Au. Questi risultati, combinati con la configurazione strutturale tra le faglie di McIntyre Brook e Ramsay Brook, hanno designato l'area come un obiettivo ad alta priorità per il programma di esplorazione di Gold Orogen nel 2025.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) ha anunciado objetivos de exploración para su subsidiaria Gold Orogen, que se escindirá como una empresa pública separada en marzo de 2025. La escisión, sujeta a la aprobación de la Bolsa y de los Accionistas, se finalizará en la Junta Anual de Accionistas el 10 de marzo de 2025.
Gold Orogen ha establecido una empresa conjunta llamada Acadian Gold con Fancamp, creando un paquete de tierras de 445 km² en la Iapetus Suture Belt en New Brunswick. Los recientes trabajos de sondeo HeliTEM² y geoquímica del suelo en McIntyre Brook revelaron prometedores conductores EM cerca de anomalías de oro en el suelo. Entre los hallazgos notables se incluyen la riqueza de oro en riolitas mineralizadas y una intersección histórica de perforación de 5.73 g/t Au dentro de una zona de 20m de 1.20 g/t Au.
La exploración reveló anomalías de oro en el suelo asociadas con Arsénico, Antimonio y Tungsteno, junto con una anomalía de sedimentos fluviales de 275 ppb Au. Estos hallazgos, combinados con el entorno estructural entre las fallas de McIntyre Brook y Ramsay Brook, han designado el área como un objetivo de alta prioridad para el programa de exploración de Gold Orogen en 2025.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF)는 2025년 3월에 별도의 상장 회사로 분할될 자회사 Gold Orogen의 탐사 목표를 발표했습니다. 이 분할은 거래소와 주주 승인을 조건으로 하며, 2025년 3월 10일 연례 주주 총회에서 최종 확정될 예정입니다.
Gold Orogen은 Fancamp와 함께 Acadian Gold라는 합작 투자를 설립하여 뉴브런즈윅의 Iapetus Suture Belt에 445 km²의 토지 패키지를 만들었습니다. 최근 HeliTEM² 조사 및 토양 지구화학 작업에서 McIntyre Brook 근처의 금-토양 이상과 관련된 유망한 EM 전도체가 발견되었습니다. 주목할 만한 발견으로는 광물화된 리올라이트에서의 금 보유량과 20m 구역 내 1.20 g/t Au에서의 5.73 g/t Au의 역사적 시추 인터셉트가 포함됩니다.
탐사 결과는 비소, 안티몬 및 텅스텐과 관련된 금-토양 이상과 함께 275 ppb Au의 하천 퇴적물 이상을 발견했습니다. 이러한 발견은 McIntyre Brook과 Ramsay Brook 단층 사이의 구조적 설정과 결합되어 Gold Orogen의 2025년 탐사 프로그램을 위한 고우선 목표로 지정되었습니다.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) a annoncé des objectifs d'exploration pour sa filiale Gold Orogen, qui sera scindée en une société publique distincte en mars 2025. La scission, sous réserve de l'approbation de la Bourse et des actionnaires, sera finalisée lors de l'Assemblée Générale Annuelle des Actionnaires le 10 mars 2025.
Gold Orogen a établi une coentreprise appelée Acadian Gold avec Fancamp, créant un ensemble foncier de 445 km² dans la ceinture de suture Iapetus au Nouveau-Brunswick. Des travaux récents de sondage HeliTEM² et de géochimie des sols à McIntyre Brook ont révélé des conducteurs EM prometteurs près des anomalies d'or dans le sol. Parmi les résultats notables, on trouve des réserves d'or dans des rhyolites minéralisées et une interception de forage historique de 5,73 g/t Au dans une zone de 20 m de 1,20 g/t Au.
L'exploration a révélé des anomalies d'or dans le sol associées à de l'arsenic, de l'antimoine et du tungstène, ainsi qu'une anomalie de sédiments de ruisseau de 275 ppb Au. Ces résultats, combinés à la configuration structurelle entre les failles de McIntyre Brook et de Ramsay Brook, ont désigné la zone comme un objectif de haute priorité pour le programme d'exploration de Gold Orogen en 2025.
Lode Gold Resources (TSXV: LOD) (OTCQB: LODFF) hat Erkundungsziele für ihre Tochtergesellschaft Gold Orogen bekannt gegeben, die im März 2025 als separates börsennotiertes Unternehmen ausgegliedert wird. Die Ausgliederung, die der Genehmigung der Börse und der Aktionäre bedarf, wird auf der Jahreshauptversammlung der Aktionäre am 10. März 2025 finalisiert.
Gold Orogen hat ein Joint Venture namens Acadian Gold mit Fancamp gegründet und ein 445 km² großes Grundstück im Iapetus Suture Belt in New Brunswick geschaffen. Jüngste Arbeiten zur HeliTEM²-Umfrage und zur Boden-Geochemie in McIntyre Brook haben vielversprechende EM-Leiter in der Nähe von Gold-im-Boden-Anomalien aufgezeigt. Zu den bemerkenswerten Ergebnissen gehören Goldvorkommen in mineralisierten Rhyoliten und ein historischer Bohranschnitt von 5,73 g/t Au innerhalb einer 20 m Zone von 1,20 g/t Au.
Die Erkundung ergab Gold-im-Boden-Anomalien, die mit Arsen, Antimon und Wolfram assoziiert sind, sowie eine 275 ppb Au Stream Sediment-Anomalie. Diese Ergebnisse, kombiniert mit der strukturellen Anordnung zwischen den Verwerfungen von McIntyre Brook und Ramsay Brook, haben das Gebiet als hochprioritäres Ziel für das Erkundungsprogramm von Gold Orogen im Jahr 2025 ausgewiesen.
- Upcoming tax-efficient spin-out to create separate public company
- Strategic JV forming large 445 km² land package
- Promising exploration results with gold-in-soil anomalies
- Historical drill results showing 5.73 g/t Au intercept
- Spin-out still pending regulatory and shareholder approval
- Early-stage exploration with no defined resource estimates
Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce 2025 exploration targets for its Phase 1 exploration program in its subsidiary, Gold Orogen, which will be spun out as a separate public company in March 2025, pending Exchange and Shareholder approval. The Annual Shareholder Meeting is set for March 10, 2025. Shareholders of Lode Gold as of the Record Date will be eligible to receive shares of the new Spin Co (Gold Orogen). This tax-efficient spin-out is to ensure maximum return on investment for shareholders.
Gold Orogen has formed a JV-Co, Acadian Gold, with Fancamp, creating one of the largest land packages on the Iapetus Suture Belt in New Brunswick. This potential district-scale play covers 445 km². Atlantic Canada, especially New Brunswick, equipped with excellent infrastructure and geopolitics, is under-explored yet highly prospective for both gold and polymetallic minerals. In recent months, majors such as Kinross, Equinox Gold and others have strategically made advancements in the area.
The potential for highly prospective mineralized systems at McIntyre Brook has been evidenced with the integration of soil geochemistry and geophysical data. In January 2024, the Company confirmed gold endowment in mineralized rhyolites in McIntyre Brook; the geology is consistent with the surrounding Puma/Kinross JV property. These results build positively on previously announced findings and enhance the potential for a gold-copper discovery at McIntyre Brook. Of note, a small test drill program was conducted in 2019; both holes were mineralized with a best intercept: 5.73 g/t Au in a broader 20 m zone of 1.20 g/t Au. New targets are being identified for further work in the upcoming 2025 Exploration Program.
The HeliTEM² survey and soil geochemistry work completed in November 2024 at McIntyre Brook revealed EM conductors near gold-in-soil anomalies, suggesting potential nearby gold mineralization (refer to press releases dated October 15, 2024, and January 20, 2025).
Highlights
- The Heliborne HeliTEM² Survey revealed, among other aspects, the presence of a series of EM conductors in the northeastern part of the McIntyre Brook Property, which create an open ellipsoid over a significative area (refer to Figure 2).
- The initial soil geochemical survey conducted in November 2024 at the periphery of the southeast and northeast area of the conductors revealed the presence of gold-in-soil anomalies associated with Arsenic (As), Antimony (Sb) and Tungsten (W) anomalies.
- The area is also characterized by a 275 ppb Au stream sediment anomaly downstream from the conductive area. This sample was the highest value returned from the 1981 regional stream sampling program conducted in the area by the Geological Surveys Branch of the Government of New Brunswick.
These new results from McIntyre Brook reveal coincident gold-in-soil anomalies and prominent electromagnetic conductors, significantly enhancing the potential for a substantial gold-copper discovery. These promising targets are situated within the geologically favourable Wapske Formation, structurally defined by the McIntyre Brook and Ramsay Brook faults.
Furthermore, analysis of new HeliTEM² magnetic and radiometric data has identified additional faulting and a coincident elevated radiometric signature, potentially indicative of rhyolites or hydrothermal activity-key indicators of significant gold mineralization in the Wapske Formation. Consequently, this area at McIntyre Brook has been designated a high-priority target for Gold Orogen's 2025 New Brunswick exploration program, offering considerable potential for a new gold discovery.
"It's satisfying to see Phase 1 of exploration in New Brunswick yield such encouraging results. The coincident geochemical and EM findings, along with the previously reported results at Riley Brook, clearly outline the path forward," comments Jonathan Hill, Director of the Board and Chair of the Technical Committee. "We'll be conducting soil sampling and trenching in both areas, which will help generate and ultimately test drill targets. We anticipate field crews will begin this work once we finalize the exploration plan."
With the complete dataset from the 2024 New Brunswick exploration program now received, target generation is progressing, and the 2025 exploration plan will be finalized in the coming weeks.
Figure 1: Gold Orogen - McIntyre Brook Airborne Magnetometer and Radiometric with superimposed soil Geochemical and Stream Sediments anomalies.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/243118_ed48d9edc4886827_004full.jpg
Figure 2: McIntyre Brook Soil Geochem Results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/243118_ed48d9edc4886827_005full.jpg
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 1930's.
Mining was halted in 1942 due the gold mining prohibition in World War Two (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"). A sensitivity to the March 31, 2023 PEA at USD
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-GOLD (4653)
Kevin Shum
Investor Relations
kevin@lode-gold.com
+1-604-977-GOLD (4653)
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243118
FAQ
When will Lode Gold Resources (LODFF) complete the Gold Orogen spin-out?
What are the key findings from LODFF's McIntyre Brook exploration program?
How large is LODFF's New Brunswick land package through the Acadian Gold joint venture?
What were the significant geochemical results from LODFF's McIntyre Brook property?
