Lode Gold Accelerates Fremont Gold Project Development with Aggressive Drilling Program

Lode Gold Resources Inc. announced an accelerated exploration and development strategy at its Fremont Gold Project in Mariposa County, California. The company plans to fast-track the project toward a Preliminary Feasibility Study with 3,500 meters of drilling in 2026, followed by a Feasibility Study with 7,800 meters of drilling in 2028.

The revised development approach focuses on bulk underground mining, supported by a growing Mineral Resource Estimate and strong geological continuity along the Mother Lode structural corridor. The 2026 drilling program includes 1,400 meters of metallurgical and geotechnical drilling, 600 meters of hydrological and infill drilling in the Pine Tree-Josephine area, and 1,500 meters of step-out exploration drilling in the Chicken Gulch area.

Jon Hill, Technical Committee Chair and Director, stated that Fremont has demonstrated mineralization characteristics ideally suited for bulk underground mining, with significant mineralization widths and excellent grade continuity contributing to an exceptional mineral resource inventory. The company has defined approximately 3 million ounces to date over just an 800-meter strike segment of a broader 4-kilometer mineralized trend.

The planned drilling aims to test extensions of mineralization along the central structural corridor, where only about 20% of the first 500 meters of strike length is currently included in the existing Mineral Resource Estimate. The company is targeting completion of the Preliminary Feasibility Study by the second quarter of 2027.

Bill Fisher of the Technical Advisory Board noted that few projects can realistically advance to a Pre-Feasibility Study within a 15-month timeframe. Fremont benefits from an extensive historical database, strong geological continuity, and an easily upgradable resource base that allows for accelerated technical work.

Following the Preliminary Feasibility Study, the company plans an additional 7,800-meter underground drilling program as part of the Feasibility Study stage. This program will be conducted from two parallel exploration ramps, each approximately 2,200 meters in length, developed along the mineralized body. These ramps will provide direct underground access for drilling and are expected to be incorporated into future mining operations.

Wendy T. Chan, CEO and Director of Lode Gold, commented that the company is implementing a clear and disciplined strategy to fast-track Fremont from resource definition through feasibility and ultimately development. The drilling programs are designed to support both the Preliminary Feasibility Study and position the project for a seamless transition into the Feasibility Study stage and future mine development.

Advancing Fremont through these studies represents a key step in unlocking the project’s full value. The last time Fremont reached a comparable level of technical advancement was in 1986 under a different development concept. The current strategy reflects improved geological understanding and favorable market conditions, positioning the project for modern development. The project sits on more than 3,000 acres of 100% owned private and patented land designated as an Opportunity Zone with special tax incentives.

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