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Production / Operations

Lode Gold completes Pine Tree MSHA ID transfer

By The Northwire Desk — AI Analysis Sep 09, 2025 · 23:52 LOD · 0.21 Lode Gold Resources Inc.
LOD · Price

Executive Summary

  • Lode Gold Resources Inc. and its subsidiary Fremont Gold LLC completed the transfer of the Mine Safety and Health Administration (MSHA) individual identification number (MIIN) for the Pine Tree Josephine (Fremont) mine, confirming full ownership and operational control.
  • The MIIN transfer is a key regulatory step toward reactivating the historic California gold operation and enables the company to pursue partner discussions, financing, and future development work.
  • Lode outlined upcoming catalysts: 2025 channel sampling and drilling to upgrade resources to Measured & Indicated status, and a 2026 prefeasibility study (PFS) with engineering and metallurgy work.

Key Details

  • Regulatory Milestone: Successful transfer of MSHA property ID (MIIN) for the Pine Tree Josephine mine, confirming Lode’s ownership and operational control under MSHA regulations.
  • Strategic Importance: Enables progression to next development phases, including partner/investor engagement and preparation for production restart.
  • Future Development Timeline:
  • 2025: Conduct channel sampling and drilling to upgrade the 2025 NI 43‑101 mineral resource estimate from Inferred to Measured & Indicated categories.
  • 2026: Complete a Prefeasibility Study (PFS) covering engineering design, metallurgy studies, and economic evaluation.
  • Project Background:
  • Historically productive gold mine in Mariposa, California; operations ceased during WWII after mining licence suspension.
  • Only ~8 % of the 2025 resource estimate has been extracted; significant upside remains at depth (three step‑out holes at 1,300 m intersected mineralized structures) and along strike.
  • Infrastructure includes >43,000 m drilled, 23 km underground workings, 14 adits, proximity to power, water, roads, railhead, and port.
  • Recent Technical Work: Completed internal scoping study shifting focus to 100 % underground mining; prior PEA (Mar‑2023) evaluated open‑pit & underground hybrid approach.
  • Other Assets Mentioned (non‑material for this release):
  • Canadian projects: Golden Culvert and Win (Yukon), Acadian Gold JV (New Brunswick), McIntyre Brook, Riley Brook – all with recent NI 43‑101 technical reports.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from Lode Gold Resources Inc.

Jul 29, 2026 · 05:22

Lode closes its first tranche of a $9 million placement at $0.27 per share to fund the Fremont PFS and drilling.

Financings Jul 28, 2026 · 19:35

Lode Gold Provides First Tranche Closing Update For Upsized $9 Million Non-Brokered Private Placement

Financings Jul 22, 2026 · 18:33

Lode secured $9m in financing to mobilise drill rigs for near-term prefeasibility study execution at its Fremont project.

Drill Results Jul 22, 2026 · 12:04

Lode Gold secures $8m to fund drilling at its Fremont project and advance its preliminary feasibility study.

Financings Jul 21, 2026 · 09:51

Lode has initiated drilling at the Fremont Gold Mine to advance its 2027 Preliminary Feasibility Study timeline.

Drill Results Jul 14, 2026 · 02:35

Lode Gold secures $7 million to fast-track the Fremont pre-feasibility study and associated drilling program.

Financings