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Overview of Lode Gold Resources Inc.
Lode Gold Resources Inc. is a Canadian exploration and development company dedicated to unlocking the intrinsic value of high-potential gold properties in safe mining jurisdictions in Canada and the United States. With a strong focus on orogenic and underground gold mineralization, the company is deeply involved in advanced exploration, enabling it to identify robust exploration targets and attract a wide range of strategic investors.
Core Business and Strategic Approach
The company’s operations span multiple key projects, with a diversified portfolio that includes grassroots exploration and advanced development properties. Lode Gold adopts a systematic strategy that leverages high-quality exploration data, technical expertise and innovative geophysical survey techniques to delineate gold-rich trends and mineralized zones. This approach is underscored by its market positioning within a highly competitive mining sector, where transparency and expertise in gold exploration set the company apart.
Key Projects and Asset Portfolio
- Yukon Assets: The Golden Culvert and WIN Projects cover an extensive area on a district-scale high-grade gold mineralized trend within the renowned Tombstone Gold Belt. The projects are underpinned by geological studies, NI 43-101 technical reports and multiple confirmed exploration targets which have helped the company integrate historic data with modern geophysical survey results.
- New Brunswick Land Package: With one of the largest land packages in the region, including the McIntyre Brook and Riley Brook projects, the company capitalizes on its strong geological setting to explore gold deposits in the emerging Appalachian/Iapetus Gold Belt. The assets are hosted in orogenic rock formations that have a proven association with significant gold mineralization.
- California Fremont Gold Project: Situated in the historic Mother Lode Gold Belt, this brownfield project presents a unique opportunity by revisiting an area with a rich mining history. Lode Gold is pioneering an underground exploration prospect where only a fraction of the potential gold-bearing vein system has been exploited since the era preceding World War II.
Exploration Techniques and Technical Expertise
Lode Gold Resources Inc. reinforces its commitment to high standards of exploration through the integration of modern geophysical methods such as advanced QMAGT surveys and heliborne TEM systems, complemented by robust geochemical and geological analyses. These technologies facilitate the accurate mapping of structural controls and mineralized zones, thereby enhancing the precision of drill targeting and resource estimation.
Competitive Position and Industry Expertise
In a highly specialized industry, Lode Gold stands out due to its rigorous application of technical and scientific methods, extensive field validation and solid project fundamentals. The company has structured its operations to enhance shareholder value through planned spin-outs that will create two pure-play entities focused on distinct geographic assets. This innovative capital structure not only optimizes asset valuation but also underscores the company’s commitment to operational transparency and long-term sustainable growth.
Operational Framework and Value Proposition
At its core, Lode Gold emphasizes a value-driven exploration model that harmonizes technical expertise with innovative financing and strategic corporate restructuring. The company’s decision to establish separate operating entities through a spin-out is designed to spotlight intrinsic asset value and attract diverse investor interest. With advanced technical reports and a history of methodical exploration, Lode Gold provides a comprehensive and transparent framework for understanding complex geological settings and mineral potential.
Conclusion
Overall, Lode Gold Resources Inc. offers an exemplary model of modern mineral exploration and development by integrating advanced geophysical technologies, expert geological analysis and a strategic corporate framework. Its expansive project portfolio, robust technical credentials and focus on safe, prospective mining jurisdictions position the company as a noteworthy participant in the gold exploration sector.
Lode Gold Resources (TSXV: LOD) (OTCQB: SBMIF) has successfully completed a $350,000 financing through the issuance of 1,944,444 units priced at $0.18 per unit. Each unit comprises one common share and one purchase warrant, with each warrant allowing the holder to acquire one common share at $0.35 within three years of closing. The company maintains the right to accelerate the expiry date if shares trade at $0.65 or higher for 10 days, including non-trading days.
Lode Gold Resources (TSXV: LOD) (OTCQB: SBMIF) has announced a non-brokered financing of $350,000 through the issuance of 1,944,444 units at $0.18 per unit. Each unit includes one common share and one purchase warrant, allowing holders to buy one common share at $0.35 for three years after closing. The company can accelerate the expiry if shares trade at $0.65+ for 10 days. Proceeds will support corporate purposes and working capital, with finder's fees payable to eligible arm's-length persons.
Lode Gold Resources (TSXV: LOD) (OTCQB: SBMIF) has announced significant developments in 2024 and plans for 2025. The company raised $6M since March 2024 and is executing a strategic spin-out to create two pure-play companies. The spin-out will form Gold Orogen, focusing on Canadian assets, and maintain Lode Gold for US operations.
The company completed a $3M raise for Gold Orogen at a $7.65M pre-money valuation, with an additional $1.5M planned for 2025 exploration. Gold Orogen will control assets in Yukon (99.5 km² in Tombstone Belt) and New Brunswick (420 km² land package). Lode Gold will retain its California project, which has a 2023 PEA showing USD $370M NPV and contains 1 Moz (M&I) + 2 Moz (Inferred) gold resources.
Lode Gold Resources (TSXV: LOD) (OTCQB: SBMIF) has received TSXV conditional acceptance for a spinout transaction. The company will hold a shareholder meeting on March 10, 2025, to approve a tax-efficient plan of arrangement, with a record date of January 20, 2025.
Following completion, shareholders will receive shares in Gold Orogen, which will hold two key exploration assets: a 99.5 km² property in Yukon's Tombstone Gold Belt with four Reduced Intrusive Targets, and a 420 km² package in New Brunswick.
The parent company, Lode Gold, will retain the Fremont Gold project on the Mother Lode Belt, featuring a high-grade underground mine potential with a 2023 MRE of 1 Moz (M&I) + 2 Moz (Inf). The 2023 PEA shows an after-tax NPV (5%) of USD $370M, 31% IRR, and 11-year mine life at $2,000/oz Au.
Lode Gold Resources has identified two new Reduced Intrusive Related Gold System (RIRGS) targets, 'Stingray' and 'Camp', on its Golden Culvert property in Yukon, bringing the total RIRGS targets to four. The Golden Culvert property features a 15 km long gold anomaly, of which only 800m has been drill-tested. The 'Stingray' target centers around a Tombstone-tungsten quartz monzonite intrusion, while the 'Camp' target has yielded rock grab samples up to 48.1 g/t Au. The company also corrected a previous technical report, noting that the best drill interval was 2.53 g/t Au over 33.1m from hole GC18-03, not 12.53 g/t as initially reported.
Lode Gold Resources (TSXV: LOD) (OTCQB: SBMIF) announces its participation in the 121 Mining Investment event in London on November 14-15, 2024. The company outlines key initiatives across three projects: New Brunswick (Q1 2025 drilling planned after completing 1600 soil samples), Yukon (follow-up drilling on RIRGS targets), and California (Q4 2024 revised NI 43-101 MRE updating previous 1 Moz M&I + 2 Moz Inf resource). The California brownfield project, previously mined at 8 gpt, shows potential for a zero-emission mine with PEA 2023 indicating NPV of USD $371M at $2000/oz Au. A 4500m drill plan targets 2 Moz at 5 g/t Au.
Lode Gold Resources has submitted an application to the TSX Venture Exchange for approval of its planned spin-out of Gold Orogen. The company will hold a shareholder meeting in early December 2024 to seek approval for the Plan of Arrangement, with an information circular to be filed by early November 2024. Additionally, Lode Gold has completed a 10:1 share consolidation, resulting in 38,032,970 outstanding shares. The company's shares will begin trading on a consolidated basis on October 29, 2024, maintaining the trading symbol LOD. Four shareholders currently hold over 60% of the post-consolidated shares.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) has announced that its wholly-owned subsidiary, Gold Orogen, has entered into a binding Definitive Agreement with Great Republic Mining (CSE: GRM) for a Reverse Take Over (RTO) transaction. This agreement, signed on October 21, 2024, will result in a tax-efficient spin-out, creating two pure play companies.
The new company, Gold Orogen, will have assets in Yukon and Atlantic Canada, focusing on exploration. It will launch with over $3 million in funding, with plans to raise an additional $1.5 million. Planned work programs include VTEM, SQUIDT, Soil Analysis, Geological Mapping, Trenching, and Drilling in the next 12 months.
CEO Wendy T. Chan stated that this milestone aligns with their business plan, creating two pure play companies to unlock shareholder value. The company has also initiated work programs in Yukon and New Brunswick following recent financings totaling over $4 million.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) has initiated a Heliborne HeliTEM² Survey over the Riley Brook and McIntyre Brook properties in northern New Brunswick. This survey is part of the recently announced Acadian Gold Joint Venture with Fancamp Exploration The combined properties cover a 419 km2 land package of mineral claims, featuring gold mineralized zones extending over several kilometres.
The survey aims to identify electrically conductive sulphide-rich veins and alteration halos, map structures linked to gold mineralization, and generate fast-tracked targets. It will cover 3,163 line-kilometres of data with 150-metre spacing between flight lines. This initiative is expected to accelerate the exploration timeline and guide future field efforts.
The Acadian Gold Joint Venture positions Fancamp and Lode Gold as key players in an emerging, district-scale, Au-Cu exploration play in a highly prospective region for gold and polymetallic discovery.
Lode Gold has announced the identification of a new high-priority target named Steelhead at its WIN property in the Tombstone Belt, Yukon. This follows the analysis of data from a QMAGT survey conducted in summer 2024. The Steelhead target is a 4km2 area of hornfels with anomalous gold and bismuth results in stream sediment samples. The QMAGT system has enhanced the geological understanding of the property, mapping Tombstone-Tungsten Cretaceous aged monzonite intrusions as magnetic lows and related hornfels as magnetic highs. This builds on the 2023 discovery of a RIRGS style sheeted vein system with gold values up to 8.3 g/t, named the Border Gold Zone. The survey also indicates a 3.5km strike extension of this mineralized zone. Lode Gold aims to rapidly generate drill targets based on these findings, adding to its established Golden Culvert targets.
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