Lode Gold Announces $1,000,000 Financing
Summary
A NI 43-101 technical report has been completed in August 2024.In the United States, the Company is advancing its Fremont Gold project. The Company is the first owner to investigate an underground high grade mine potential at Fremont since the 1940s.The project is located on 3,351 acres of private and patented land in Mariposa County. The property has year-round road access and is close to airports and rail.Previously, in March 2023 the company completed an NI 43-101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.