Lode Gold Launches Exploration Program at One of the Largest Land Packages in New Brunswick
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 Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ha avviato un survey Heliborne HeliTEM² sopra le proprietà di Riley Brook e McIntyre Brook nel nord del New Brunswick. Questo survey fa parte del recentemente annunciato Joint Venture Acadian Gold con Fancamp Exploration. Le proprietà combinate coprono un pacchetto di terreno di 419 km2 di richieste minerarie, con zone mineralizzate di oro che si estendono per diversi chilometri.
Il survey ha l'obiettivo di identificare vene ricche di solfuri conduttivi elettricamente e aloni di alterazione, mappare le strutture legate alla mineralizzazione dell'oro e generare obiettivi da perseguire rapidamente. Coprirà 3.163 chilometri lineari di dati con uno spazio di 150 metri tra le linee di volo. Questa iniziativa dovrebbe accelerare il cronoprogramma di esplorazione e guidare gli sforzi futuri sul campo.
Il Joint Venture Acadian Gold posiziona Fancamp e Lode Gold come attori chiave in un'emergente esplorazione su scala distrettuale di Au-Cu in una regione altamente prospettica per la scoperta di oro e metalli polivalenti.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ha iniciado un Estudio Heliborne HeliTEM² sobre las propiedades de Riley Brook y McIntyre Brook en el norte de New Brunswick. Este estudio es parte del recientemente anunciado Joint Venture Acadian Gold con Fancamp Exploration. Las propiedades combinadas cubren un paquete de tierra de 419 km2 de reclamos minerales, con zonas mineralizadas de oro que se extienden por varios kilómetros.
El estudio tiene como objetivo identificar venas ricas en sulfuros eléctricamente conductivos y halos de alteración, mapear estructuras vinculadas a la mineralización de oro y generar objetivos de rápida persecución. Cubrirá 3.163 kilómetros lineales de datos con un espacio de 150 metros entre las líneas de vuelo. Se espera que esta iniciativa acelere la línea de tiempo de exploración y guíe los esfuerzos futuros de campo.
El Joint Venture Acadian Gold posiciona a Fancamp y Lode Gold como actores clave en una emergente exploración de Au-Cu a escala distrital en una región altamente prospectiva para el descubrimiento de oro y polimetales.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF)는 북부 뉴브런즈윅에 있는 Riley Brook 및 McIntyre Brook 자산에 대한 헬리본 헬리템² 조사를 시작했습니다. 이 조사는 Fancamp Exploration과 함께 발표된 아카디아 골드 합작 투자의 일부입니다. 결합된 자산은 419 km2에 달하는 광물 청구 지역을 담고 있으며, 여러 킬로미터에 걸쳐 금이 광물화된 지역이 특징입니다.
이번 조사는 전기적으로 전도성이 높은 황화물 풍선 및 변화 띠를 식별하고, 금 광물화와 관련된 구조를 매핑하며, 신속하게 목표를 생성하는 것을 목표로 하고 있습니다. 3,163 라인 킬로미터의 데이터를 커버하며 비행 라인 간의 간격은 150 미터입니다. 이 이니셔티브는 탐사 일정의 속도를 높이고 향후 현장 작업을 안내할 것으로 예상됩니다.
아카디아 골드 합작 투자는 Fancamp과 Lode Gold를 금 및 다금속 발견에 대한 높은 잠재력을 지닌 지역에서 새로 떠오르는 Au-Cu 탐사의 주요 플레이어로 자리잡게 합니다.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) a lancé une étude Heliborne HeliTEM² sur les propriétés de Riley Brook et McIntyre Brook dans le nord du Nouveau-Brunswick. Cette étude fait partie du partenariat Acadian Gold récemment annoncé avec Fancamp Exploration. Les propriétés combinées couvrent un paquet de terres de 419 km2 de revendications minières, avec des zones minéralisées en or s'étendant sur plusieurs kilomètres.
L'étude vise à identifier des veines riches en sulfures conductrices sur le plan électrique et des halos d'altération, à cartographier des structures liées à la minéralisation de l'or, et à générer des cibles à poursuivre rapidement. Elle couvrira 3.163 kilomètres-lignes de données avec un espacement de 150 mètres entre les lignes de vol. Cette initiative devrait accélérer le calendrier d'exploration et orienter les futurs efforts sur le terrain.
Le partenariat Acadian Gold positionne Fancamp et Lode Gold comme des acteurs clés dans un jeu d'exploration Au-Cu à l'échelle de district dans une région très prometteuse pour la découverte d'or et de polymétalliques.
Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) hat eine Heliborne HeliTEM² Untersuchung über die Riley Brook und McIntyre Brook Immobilien im Norden von New Brunswick gestartet. Diese Untersuchung ist Teil des kürzlich angekündigten Acadian Gold Joint Ventures mit Fancamp Exploration. Die kombinierten Immobilien decken ein 419 km2 großes Landpaket mit Mineralansprüchen ab, das goldhaltige Mineralisierungszonen aufweist, die sich über mehrere Kilometer erstrecken.
Ziel der Untersuchung ist es, elektrisch leitfähige, sulfidreiche Adern und Alterationshalos zu identifizieren, Strukturen, die mit der Goldmineralisierung verbunden sind, zu kartieren und schnell bearbeitbare Ziele zu generieren. Es wird 3.163 Linienkilometer an Daten mit einem Abstand von 150 Metern zwischen den Fluglinien abdecken. Diese Initiative soll den Erkundungszeitrahmen beschleunigen und zukünftige Feldbemühungen leiten.
Das Acadian Gold Joint Venture positioniert Fancamp und Lode Gold als Schlüsselakteure in einem aufstrebenden, großflächigen Au-Cu-Erkundungsspiel in einer Region mit hohem Potenzial für Gold- und polymetallische Entdeckungen.
- Initiation of a high-resolution Heliborne HeliTEM² Survey over a large 419 km2 land package
- Joint venture with Fancamp Exploration in a highly prospective gold region
- Survey covers 3,163 line-kilometres of data, potentially accelerating the path to drilling
- Properties are on trend with Puma Exploration's Williams Brook property
- Potential for fast-tracked target generation and reduced exploration timelines
- None.
Toronto, Ontario--(Newsfile Corp. - October 18, 2024) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold" or the "Company") is pleased to announce that a Heliborne HeliTEM² Survey over the Riley Brook and McIntyre Brook properties, in northern New Brunswick, has been initiated as part of the recently announced Acadian Gold Joint Venture with Fancamp Exploration Ltd. (refer to Figure 1). The properties encompass a combined 419 km2 land package of mineral claims, constituting gold mineralized zones that extend over several kilometres, on trend with Puma Exploration's Williams Brook property.
The recent combination of mineral assets between Fancamp and Lode Gold Resources Inc. into a dominant land holding of high-quality, underexplored ground in New Brunswick, was a major development which now aims to be further validated by this high-resolution heliborne electro-magnetic and radiometric survey.
This joint initiative with Fancamp occurs in a highly prospective geologic domain for gold and polymetallic discovery, within the Appalachian Gold Corridor that hosts other Au-focused projects such as New Found Gold's Queensway Project and Calibre's Valentine Lake Project.
Highlights
- Direct Detection Abilities: The HeliTEM² survey effectively identifies electrically conductive sulphide-rich veins and sulphide-rich alteration halos in the area.
- Target Vectorization: By integrating magnetic and radiometric data, this survey enables the team to accurately map the structures and distinctive alteration halos linked to gold mineralization, such as sericite and K-feldspar.
- Large and Detailed Survey Area: The survey will cover both properties for a total of 419 km² and consists of 3,163 line-kilometres of data which will be acquired over both properties in a grid pattern with 150-metre spacing between each flight lines.
- Accelerated Drilling Timeline: By generating fast-tracked targets, this survey significantly reduces exploration timelines, enabling the joint venture to advance towards a drilling phase more efficiently.
The helicopter-borne geophysical survey consists of magnetic, electromagnetic and radiometric measurements using the Xcalibur Smart Mapping HeliTEM² system, which has a low noise receiver with a square transmitter waveform to provide rapid current turn-off to enhance sensitivity to near surface features. The survey will guide the Company field efforts in the coming months.
Figure 1: Compilation map of Riley Brook and McIntyre Brook properties and associated results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4064/227037_1460945a4438ca8a_004full.jpg
Fancamp, as Acadian Gold's operator, has identified several areas of interest based on its internal compilation of geochemical, geophysical and geological data from previous operators. To further investigate these areas, the HeliTEM² survey will provide high-resolution data that accurately directs the Company toward mineralized zones. The high-resolution magnetic survey will be used to improve geological identification of primary and secondary geological structures, which may control different mineralization styles on the properties, and to identify radiometric anomalies, often associated with alteration patterns and felsic rocks, potentially associated with Rocky Mill fault systems.
New Brunswick, Acadian Gold Joint Venture: A joint initiative between Fancamp Exploration Ltd. and Lode Gold Resources Inc. for the advancement and exploration of one of the most considerable land packages in New Brunswick, within a highly prospective region for gold and polymetallic discovery, would position both firms as key players of an emerging, district-scale, Au-Cu exploration play (refer to press release dated August 27, 2024). Leveraging Fancamp's recently acquired 309 km2 package of mineral claims, the Riley Brook property, combined with Lode Gold's 111 km2 McIntyre Brook holdings (refer to Figure 1), the Acadian Gold joint venture will be able to advance exploration initiatives across a dominant land package in an underexplored sector in proximity to other gold-focused firms such as Puma Exploration.
QUALIFIED PERSON STATEMENT
The technical information contained in this press release was reviewed and approved by François Auclair, P.Geo, M.Sc. Vice President Exploration of Fancamp Exploration Ltd., designated as a Qualified Person under National Instrument 43-101. M Auclair, the Fancamp's qualified person and an officer of Fancamp Exploration Ltd. has reviewed and approved the technical disclosure contained in this news release.
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.
Our Golden Culvert and WIN Projects in the Yukon, covering 99.5 km2, are situated in the southern portion of the Tombstone Gold Belt. This 1,500 km long belt is dominated by RIRGS and sediment hosted gold deposits, including Fort Knox, Brewery Creek, Keno Hill (Silver), Dublin Gulch, Hecla and Snowline's Gold's recent world class, Valley discovery. The company has intersected gold mineralization on the Golden Culvert property, with a best result of 33.1 m @ 12.53 g/t from one of our drill holes and has identified a gold bearing sheeted vein system (RIRGS) on the WIN property.
In New Brunswick, within the emerging Appalachian/ Iapetus gold belt, Lode Gold has formed a strategic Joint Venture with Fancamp called Acadian Gold together we form one of the largest land packages in New Brunswick with 420 km2 of exploration rights between McIntyre Brook and Riley Brook projects. Jointly focused on the Wapske Formation a geological unit identified to have the best gold potential in particular where there are structures bounding felsic units. With 36km strike of the Wapske formation under control Acadian is a key and leading member of this play.
Our 111 km2, McIntyre Brook Project, is surrounded by Puma Exploration's Williams Brook Project (where their Lynx project has reported 5.55 g/t Au over 50m)1 The first 2 drill holes completed by Lode Gold intersected (one hole intersected 5.73 g/t gold over 2.0 m within a broader low-grade interval averaging 1.20 g/t gold over 20 m), further drilling is warranted. Fancamp's 309 km2 Riley Brook project covers 25 km strike of Wapske formation containing numerous mapped felsic units. Previous exploration efforts were directed at VMS-style mineralization focused on the base metals often not assaying for gold - Acadian is the first to focus on gold.
NI 43-101 reports on our New Brunswick and Yukon projects are available on SEDAR+ and on our website.
The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has been produced. Fremont, located 500km north of Equinox Gold's Castle Mountain and Mesquite mines, has a Preliminary Economic Assessment ("PEA") with an after-tax NPV (
The property has year-round road access and is close to airports and rail. A planned V-TEM airborne geophysical survey to be flown over both properties.
Please refer to the Fremont Gold project NI 43-101 PEA technical report dated March 31, 2023, which is available on the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.lode-gold.com). The PEA technical report has been reviewed and approved by independent "Qualified Persons" Eugene Puritch, P.Eng., FEC, CET, and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.
ON BEHALF OF THE COMPANY
Wendy T. Chan, CEO & Director
Information Contact
Winfield Ding
CFO
info@lode-gold.com
+1-416-320-4388
Kevin Shum
Investor Relations
kevin@lode-gold.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.
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the anticipated use of proceeds from the Special Warrant financing, additional proceeds from the exercise of the warrants underlying the Special Warrants, and the receipt of final acceptance from the TSX Venture Exchange with respect to the transactions, are forward-looking statements. Although Lode Gold believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Lode Gold can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Lode Gold's periodic filings with Canadian securities regulators, and assumptions made with regard to: the ability of Lode Gold to obtain final acceptance from the TSX Venture Exchange with respect to the transactions; that the Company will be able to use the proceeds of the Special Warrant financing as anticipated; and the ability of the Company to continue with its stated business objectives and its ability to obtain required approvals and raise additional capital to proceed. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from expectations include risks associated with the business of Lode Gold and Fancamp; risks related to the Company's ability to obtain final acceptance from the TSX Venture Exchange with respect to the transactions; the risk that the use of proceeds from the Special Warrant financing may differ from management's expectations; and other risk factors as detailed from time to time and additional risks identified in the Companies' filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227037
FAQ
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