Lode Gold Resources Initiates New Mineral Resource Estimation for Fremont Gold Project
February 18, 2026 – TheNewswire – Lode Gold Resources Inc. is initiating a new Mineral Resource Estimation (MRE) block model for its Fremont Gold Project in Mariposa, California.
The updated block model will use over 7,000 historical underground channel samples recovered from original mine level maps and plans. The company said these samples were previously unavailable in digital format and significantly expand the data density within the historically mined areas of the deposit.
The updated block model will reinterpret the Fremont deposit as a continuous mineralized body, rather than discrete vein-only domains, and will evaluate the resource using a lower cut-off grade, supported by updated underground mining cost assumptions provided by local contractors. This approach reflects the Company’s strategic focus on bulk underground mining as outlined in recent technical and economic studies.
The inclusion of this additional dataset is expected to enhance geological continuity, improve grade distribution confidence, and support the evaluation of wider mining widths consistent with a bulk underground mining scenario.
Jonathan Hill, Director and Chair of the Technical Committee of Lode Gold, commented that this new block model represents an important evolution in how the company interprets the Fremont deposit. Hill said that by modeling the system as a continuous mineralized body and integrating thousands of newly digitized historical channel samples, the company is aligning the geological model with a bulk underground mining approach that better reflects the scale, continuity and mining potential of the system.
The new Mineral Resource Estimation is currently underway and will be completed in accordance with NI 43-101 standards. Further updates, including the results of the revised resource estimate, will be provided once the work has been finalized and reviewed by Qualified Persons.
The Fremont project was previously mined at 10.7 gpt until 1942. It has 7 deposits on a 4km strike on the 190 km Mother Lode Belt, and the company says only 2 of the 7 has seen exploitation, with only 8% of the MRE 2025 has been exploited and 92% is left to be mined in the upcoming years. The company said that it has 42,717.3 m drilled, 8,593 underground channel samples, 23 km of underground workings, 20 adits 16 levels and 5 shafts. It sits on 3351 acres of patented private land with 100% ownership of surface and mineral rights and road access, electricity and is close to rail and airport (1.5 hours from Fresno, California).
Lode Gold holds assets in the Yukon and New Brunswick in Canada. In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant MRE that can be accessed here https://lode-gold.com/project/freemont-gold-usa/
The Company recently completed an internal scoping study evaluating the potential to resume operations at Fremont based on 100% underground mining. Previously, in March 2023, the Company completed a Preliminary Economic Assessment (“PEA”) in accordance with NI 43-101 which evaluated a mix of open pit and underground mining. The PEA and other technical reports prepared on the Company’s properties are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)
Gary Wong, P.Eng., Vice President Exploration of Lode Gold Resources Inc., designated as a Qualified Person under National Instrument 43-101, reviewed and approved the technical information contained in this press release.
February 18, 2026 – Wendy T. Chan, CEO & Director of Lode Gold, has announced the initiation of a new Mineral Resource Estimation block model.
Source: Lode Gold Resources Inc.
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