Lode Gold Identifies Upside Potential at Fremont Mine, Mariposa - Mother Lode Belt: 9 New Exploration Targets

Executive Summary

• Lode Gold announced nine newly identified high‑probability exploration targets at the Fremont Mine using VRIFY’s AI platform DORA.
• The company plans to advance several of these targets toward drilling and underground channel sampling as part of its path to a Pre‑Feasibility Study (PFS) in early 2026.
• Forward‑looking work includes potential bulk underground mining, test‑mining with a 300–500 tpd portable mill, and an eventual mine plan targeting 4,000–6,000 tpd and production of 130,000–200,000 oz Au per year.

Key Details

• New Targets Identified: 9 additional exploration targets outside the Central Trend, derived from AI analysis of >259 data layers (geochemistry, geophysics, drill core, etc.).
• AI Platform: VRIFY’s DORA integrates geology, geophysics, geochemistry, structural interpretations and drill data to generate prospectivity maps; 28 enhanced geophysical layers and 231 engineered rasters were produced.
• Data Basis: Company holds 43,000 m of drill core, 8,000 channel samples, 23 km of underground workings, and extensive historic datasets.
• Exploration Plan: Near‑term drilling and underground channel sampling to test the nine targets; surface drilling will focus on existing drill pads with step‑out holes to expand resources.
• Regulatory Milestone: Completion of transfer of MSHA Individual Identification Number (MIIN) for the Fremont Mine, enabling re‑activation considerations.
• Resource Context: 2023 PEA based on 1 M oz Measured & Indicated and 2 M oz Inferred resources; only ~8 % of the 2025 MRE has been extracted to date.
• Future Development Timeline:
• Upgrade resources to M&I and commence PFS – early 2026 (completion estimated Dec 2026).
• Test‑mining with portable mill – early 2028, producing gold while limiting surface disturbance; cyanide not planned, gravimetric recovery under study.
• Potential underground bulk mining – 4,000–6,000 tpd, yielding 130,000–200,000 oz Au/yr, mine life ~9 years.
• Strategic Partnerships: Ongoing discussions with potential joint‑venture partners for drilling and channel sampling; collaboration with VRIFY continues for iterative AI‑driven target refinement.

Notable Quotes

“We are very excited to partner with Lode Gold on Fremont, a data‑rich brownfield project with over 40,000 m of drilling. Deploying DORA, we combined AI with geological expertise to transform more than 40 input layers into hundreds of engineered datasets, ultimately defining nine high‑priority targets,” – Steve de Jong, CEO, VRIFY.