Stratabound Minerals (TSE:LOD) has released an update.
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Lode Gold Resources Inc. has successfully implemented the first step of its 3-Step Restructuring & Growth Strategy by completing an oversubscribed Private Placement of C$2.08M, which resulted in a significant boost to its market capitalization from $3.3M to $14M. The company has expanded its exploration grounds and is actively preparing for high-grade underground gold mining opportunities in both Canada and the U.S. In particular, Lode Gold is evaluating the potential of the historically significant Fremont, Mariposa mine in California for underground mining, a project untouched since the 1940s.
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