Lode Gold Identifies Exploration Potential for Additional Higher-Grade Gold Within Previously Drilled Areas at Fremont Gold Mine

Lode Gold Resources Inc. (LOD) released a geological interpretation update on November 3, 2026, identifying two higher-grade gold mineralization shoots along the Pine Tree-Josephine vein at its Fremont Gold Mine. The shoots are approximately 50-60 meters long with grades of 4-6 g/t Au, located in predictable structural positions relative to transverse normal faults.

The interpretation relies on digitized historical channel samples from 1941, integrated with historical drilling data and geological modeling. Management notes a strategic pivot to bulk underground mining, supported by a reduced cut-off grade of 0.82 g/t Au due to higher gold prices. The company plans to use this structural framework to guide future infill drilling to test underexplored zones and potentially increase resource grade and tonnage.

A critical data limitation is explicitly stated: the analysis relies on historical data and cannot be independently verified due to a lack of underground access.

Lode Gold Resources Inc. (LOD) released an update that marks a logical progression of its ongoing geological modeling and structural interpretation work at the Fremont project. The identification of higher-grade shoots aligns with the company’s previously announced strategy to lower cut-off grades and pivot toward bulk underground mining. This development serves as a technical roadmap for the next phase of infill drilling, reinforcing the existing narrative without altering the project's economic or operational trajectory.

The update does not introduce new assay results, operational milestones, or capital raises. An explicit caveat notes that the data cannot be independently verified due to a lack of underground access, a factor that significantly tempers the near-term impact. The market has already priced in the structural modeling and infill drilling plans, meaning the news is expected, incremental, and follows the established development timeline.

Lode Gold Resources Inc. is a gold exploration and development company focused on the Fremont Gold Mine in Mariposa County, California. The project is a brownfield asset with historical production averaging 10.7 g/t Au, halted in 1942 due to WWII gold mining prohibitions. The 2026 Mineral Resource Estimate reports 1.11 moz Indicated and 1.99 moz Inferred at a 1 g/t cut-off, covering only three of seven identified deposits.

The company has shifted its development strategy from open-pit to 100% underground bulk mining, targeting a Prefeasibility Study completion in Spring 2027. The property sits on over 3,000 acres of 100% privately owned patented land designated as an Opportunity Zone, with existing infrastructure including 23 km of underground workings, 14 adits, and two shafts. The company also holds the Dingman Property in Ontario and exploration assets in the Yukon and New Brunswick, with the latter spun out to Gold Orogen Resources Corp.