Northwire Canada EditionMonday, October 26, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,011.30 +0.1% Silver 53.49 −0.8% Copper 6.52 +0.1% Oil 101.82 −1.4% Palladium 1,044.50 −0.7% COCO 0.300 +0.0% TRAN 0.035 +0.0% FWZ 2.32 +0.4% ELBM 0.610 −6.2% TXG 66.51 −0.9% ARIS 21.17 −2.2% RUA 1.17 +0.0% LUG 83.43 −1.3% KNT 24.62 −0.3% ELO 1.28 −1.5% LOD 0.240 +0.0% CPER 0.030 +0.0% OPW 0.150 +7.1% LITH 0.265 −5.4% PUMA 0.110 +0.0% EDCU 0.380 +0.0% Gold 4,011.30 +0.1% Silver 53.49 −0.8% Copper 6.52 +0.1% Oil 101.82 −1.4% Palladium 1,044.50 −0.7% COCO 0.300 +0.0% TRAN 0.035 +0.0% FWZ 2.32 +0.4% ELBM 0.610 −6.2% TXG 66.51 −0.9% ARIS 21.17 −2.2% RUA 1.17 +0.0% LUG 83.43 −1.3% KNT 24.62 −0.3% ELO 1.28 −1.5% LOD 0.240 +0.0% CPER 0.030 +0.0% OPW 0.150 +7.1% LITH 0.265 −5.4% PUMA 0.110 +0.0% EDCU 0.380 +0.0%
Drill Results Routine +

Lode Gold Initiates Exploration to Evaluate Upside Potential at Historic High-Grade Mines Within Fremont Gold Mine

Lode expands exploration to seven deposits, targeting high-grade French Mine satellite.

By The Northwire Desk — AI Analysis Oct 26, 2026 · 09:02 LOD · 0.24 Lode Gold Resources Inc.
Executive Summary

Lode Gold Resources Inc. has initiated expanded exploration work at its 100%-owned Fremont Gold Mine in California to evaluate additional gold potential across all seven identified deposits. The company is specifically targeting the French Mine, a potential high-grade satellite deposit located approximately two kilometres from the main Pine Tree-Josephine area.

Fieldwork is currently underway to compile historical geological records, mine plans, and drilling data. This effort aims to develop a three-dimensional geological model for the French Mine and assess the continuity of mineralized structures. Historical production data for the French Mine between 1934 and 1939 shows an average grade of 12.1 g/t Au with total production of 1,599.8 oz Au.

The 2026 NI 43-101 Mineral Resource Estimate previously included resources from only three of Fremont's seven identified deposits. The new exploration phase aims to evaluate all seven deposits and nine additional exploration targets. The company expects to provide further news over the next 30 to 90 days.

Material Impact

Lode Gold Resources Inc. (LOD) released an exploration scope expansion on October 26, 2026, following its drilling progress update on October 19, 2026. This announcement represents a logical next step in the company’s stated 2026 roadmap to advance the Fremont project toward a Preliminary Feasibility Study (PFS). The update is a technical exploration report focused on historical data compilation and 3D modeling, and it does not contain new financial data, material partnerships, or immediate production timelines.

While targeting the French Mine as a high-grade satellite deposit is strategically interesting, the deposit's continuity, mineable widths, and dilution factors remain untested. The company explicitly notes that fieldwork and model development are in early stages. The news is incremental and aligns with previous management guidance regarding resource expansion across the 4-kilometre strike. It does not alter the near-term cash burn profile or change the PFS timeline.

LOD · Price
Company Overview

Lode Gold Resources Inc. is a junior mining company focused on the development of the Fremont Gold Mine in Mariposa County, California. The flagship property is a brownfield site with historical production that halted in 1942 due to World War II gold mining prohibitions. Historical mining averaged 10.7 g/t Au at a $35/oz gold price.

The company has pivoted to a 100% underground bulk mining strategy, utilizing existing infrastructure that includes 23 km of underground workings, 14 adits, 2 shafts, and 43,000m of historical drilling. The 2026 Mineral Resource Estimate indicates 1.11 moz Au in Measured & Indicated categories and 1.99 moz Au in Inferred categories at a 1 g/t Au cut-off.

The project sits on over 3,000 acres of 100%-owned private patented land designated as an Opportunity Zone. Secondary assets include the Dingman Property in Ontario and the Gold Orogen spin-off, which comprises Yukon and New Brunswick exploration assets.

Read the original news release →

More from Lode Gold Resources Inc.

Oct 19, 2026 · 07:02

Lode confirms technical progress at California’s Fremont Gold Mine through a drill program expansion.

Drill Results Sep 22, 2026 · 14:13

Lode’s debt-free balance sheet clears the path for the Fremont PFS and an underground pivot.

Other Sep 10, 2026 · 10:05

Lode advances metallurgical testing for the Fremont project via a drill permit amendment, targeting a 2027 preliminary feasibility study.

Drill Results Sep 08, 2026 · 18:46

Mariposa County prioritizes mining by clearing the regulatory path for Fremont Gold Mine’s preliminary feasibility study.

Production / Operations Aug 17, 2026 · 11:06

Lode Gold begins metallurgical drilling at Fremont, validating 91% gold recovery rates for the project.

Drill Results Aug 10, 2026 · 10:59

Lode secured a three-year drilling permit for the Fremont Gold Mine, advancing the project toward a 2027 preliminary feasibility study.

Drill Results