LUNDIN GOLD DRILLS 491.62 G/T AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST
Executive Summary
- Lundin Gold reports exceptionally high‑grade intercepts from its 2025 conversion and exploration drilling programs at Fruta del Norte South (FDNS) and the newly defined FDN East epithermal vein system.
- The standout result is hole FDN‑C25‑305, which returned 491.62 g/t Au over 5.20 m (including 2,286 g/t Au over 1.10 m) – the highest‑grade intercept ever recorded at FDNS.
- Expansion of drilling to a minimum of 120,000 m with 17 rigs, the largest program ever undertaken on the FDN land package, underpins an anticipated initial Mineral Reserve estimate in Q1 2026 and supports long‑term mine‑plan integration.
Key Details
- FDNS Conversion Program (not true widths):
- Hole FDN‑C25‑305 – 491.62 g/t Au over 5.20 m from 40.60 m (incl. 2,286 g/t Au over 1.10 m).
- Hole FDN‑C25‑260 – 41.46 g/t Au over 6.30 m (incl. 469 g/t Au over 0.50 m).
- Hole FDN‑C25‑261 – 22.76 g/t Au over 10.50 m (incl. 83.38 g/t Au over 1.95 m).
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Hole FDN‑C25‑259 – 33.71 g/t Au over 6.30 m (incl. 485 g/t Au over 0.40 m).
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FDNS Exploration Program (not true widths):
- Hole UGE‑S‑25‑338 – 23.23 g/t Au over 7.70 m from 51.35 m (incl. 329 g/t Au over 0.40 m).
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Hole FDN‑C25‑325 – 55.78 g/t Au over 3.15 m from 283.45 m (incl. 256 g/t Au over 0.65 m).
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FDN East Exploration Program (not true widths):
- Hole UGE‑E‑25‑328 – 14.10 g/t Au over 10.80 m from 332.00 m (incl. 56.09 g/t Au over 2.40 m).
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Hole UGE‑E‑25‑360 – 9.27 g/t Au over 15.05 m from 226.35 m (incl. 17.51 g/t Au over 4.20 m).
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Program Scale:
- Total drilling for 2025 increased from 80,000 m to a minimum of 120,000 m.
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17 rigs are active across conversion and near‑mine exploration, the largest effort ever on the FDN land package.
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Future Outlook:
- Engineering studies are well advanced; an initial Mineral Reserve estimate is targeted for Q1 2026.
- Results will be incorporated into updated resource models and long‑term mine‑plan scenarios.
Notable Quotes
“I’m pleased to report outstanding results from our 2025 programs, which continue to demonstrate the significant potential around Fruta del Norte… The conversion program achieved the highest‑grade intercept ever drilled, a major milestone as we advance toward an initial Mineral Reserve estimate early next year.” – Jamie Beck, President and CEO
All technical data have been reviewed by Andre Oliveira, P.Geo., Vice President, Exploration (Qualified Person under NI 43‑101).