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Stratabound Minerals ( (TSE:LOD) ) has issued an update.
Lode Gold Resources has launched a new mineral resource estimation block model for its flagship Fremont Gold Project in Mariposa, California, incorporating more than 7,000 newly digitized historical underground channel samples. By reinterpreting the deposit as a continuous mineralized body rather than discrete veins and applying updated underground mining cost assumptions, the company aims to support a bulk underground mining strategy and improve confidence in grade distribution.
The revised model is expected to enhance geological continuity, allow evaluation of wider mining widths, and better reflect the scale and long-term potential of the Fremont system, where only a small portion of the current resource has been exploited. Completion of the new resource estimate under NI 43-101 standards could strengthen Lode Gold’s development case for restarting operations at this brownfield mine and reinforce its positioning in the North American gold sector.
More about Stratabound Minerals
Lode Gold Resources Inc. is a gold exploration and development company with projects in Canada and the United States, focused on highly prospective and stable mining jurisdictions. Its portfolio includes Yukon assets on the Tombstone Belt, a large Acadian Gold joint venture land package in New Brunswick, and the advanced-stage Fremont Gold Mine in California. The Fremont project, a historic producer on the Mother Lode Belt, benefits from extensive past drilling, underground workings, and strong local infrastructure, positioning it as the company’s flagship U.S. asset.
Average Trading Volume: 194,385
Technical Sentiment Signal: Buy
Current Market Cap: C$25.65M
For an in-depth examination of LOD stock, go to TipRanks’ Overview page.