LODE GOLD'S NEW MINERAL RESOURCE ESTIMATE: 1.11 MOZ OF GOLD - 18.8 MT AT 1.84 G/T AU (MEASURED & INDICATED) AND 1.99 MOZ OF GOLD (INFERRED) - 33.1 MT AT 1.86 G/T AU AT FREMONT GOLD MINE
Original announcement by tmx on
- Company
- Lode Gold Resources Inc
- Ticker
- LOD
- Exchange
- TSX
- Region
- California
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update
- Extracted
- 2026-08-24 05:38:49 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Lode Gold has announced a new Mineral Resource Estimate for the Fremont Gold Mine, reporting 1.11 Moz of gold in the Measured & Indicated category and 1.99 Moz in the Inferred category. The update reflects a strategic shift toward bulk underground mining and utilizes a lower 1 g/t Au cut-off grade compared to the previous 3 g/t estimate.
Reasoning: The update represents a major expansion of the M&I resource (from 133koz to 1.11Moz) driven by a change in mining philosophy (vein to bulk underground) and a lower cut-off grade, significantly de-risking the project.
Positive factors
- Significant M&I tonnage and metal growth vs 2025 MRE
- Strategic pivot to bulk underground mining increases scale
- Integration of 7,000 new samples improves geological confidence
- NI 43-101 compliant with QP sign-off
Negative factors
- Cut-off grade lowered from 3 g/t to 1 g/t to achieve growth
- Silver credits not yet included in the model
Facts used in scoring: 2
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Company states it has upgraded resources into the Measured & Indicated category through stricter RPEEE parameters.
Evidence · text
“upgrading resources into the Measured & Indicated ("M&I") category”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in compliance with NI 43-101 requirements.
Evidence · text
“prepared in compliance with National Instrument 43-101 ("NI 43-101") requirements”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: César Cerdán, MSc, MAIG, is named as the independent Qualified Person.
Evidence · text
“reviewed and approved by César Cerdán, MAIG, who is a Qualified Person ("QP")”
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: The cut-off grade was reduced from 3 g/t in the 2025 MRE to 1 g/t in the current update.
Evidence · text
“In the previous 2025 MRE... a 3 g/t cutoff was used... At current gold prices... use 1 g/t cutoff”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedgoldTonnes: 18776346Grade: 1.84Grade Unit: g/tContained Metal: 1110444Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LOD
Resource Data
- Category
- indicated
- Tonnes
- 18776346
- Grade
- 1.84
- Grade Unit
- g/t
- Contained Metal
- 1110444
- Contained Unit
- oz
- Cutoff Grade
- 1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Indicated resource shows strong scale and improved confidence through new data integration.
Positive factors
- Significant tonnage increase vs previous 3 g/t cutoff model
Negative factors
- Lower cut-off grade used
Evidence · table
“1.84”
Context: 18,776
inferredgoldTonnes: 33106965Grade: 1.86Grade Unit: g/tContained Metal: 1978568Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LOD
Resource Data
- Category
- inferred
- Tonnes
- 33106965
- Grade
- 1.86
- Grade Unit
- g/t
- Contained Metal
- 1978568
- Contained Unit
- oz
- Cutoff Grade
- 1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-14T00:00:00.000Z
Reasoning: Large inferred component provides significant upside but remains speculative.
Positive factors
- Large scale inferred resource
Negative factors
- Inferred category is speculative
Evidence · table
“1.86”
Context: 33,107
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.