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Stratabound Minerals ( (TSE:LOD) ) has shared an announcement.
Lode Gold Resources has completed the first phase of exploration in New Brunswick, confirming gold mineralization in rhyolites at McIntyre Brook, consistent with the nearby Puma/Kinross property. The company expanded its land holdings to 445 km² due to promising soil gold anomalies, and further drill targeting analysis is ongoing. Geophysical surveys and trenching have revealed significant gold-bearing rhyolite horizons, with plans for drill testing after complete analysis of 2024 data. The discovery of geochemical anomalies led to an additional staking at Riley Brook, indicating a potential expansion of gold resources. These developments enhance Lode Gold’s strategic positioning in the region, potentially benefiting stakeholders through future resource confirmation and development.
More about Stratabound Minerals
Lode Gold Resources operates within the mining industry, focusing on gold exploration and development. The company, through its subsidiary Gold Orogen, holds significant exploration assets in Yukon and New Brunswick, Canada. It operates a joint venture with Fancamp Exploration under the name Acadian Gold, which manages the McIntyre Brook and Riley Brook projects.
YTD Price Performance: 56.00%
Average Trading Volume: 21,636
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$10.38M
See more data about LOD stock on TipRanks’ Stock Analysis page.
