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Lode Gold Unveils New Block Model for Historic Fremont Gold Mine

Lode Gold launches new Mineral Resource Estimation for Fremont Gold Project, integrating 7,000 historical samples to boost bulk mining potential in California.

This development matters because it revitalizes a historic gold mine with modern mining techniques, potentially unlocking significant untapped resources. The Fremont project, part of the iconic California Gold Rush legacy, represents a substantial economic opportunity with 92% of its estimated resources remaining unexploited. By shifting to a bulk underground mining model and integrating thousands of historical samples, Lode Gold aims to enhance efficiency and reduce costs, which could lead to increased gold production and job creation in the region. For investors, this signals a strategic move toward scalable operations in a stable jurisdiction, potentially boosting the company's valuation and contributing to the global gold supply chain. Environmentally, brownfield projects like Fremont often have lower impacts than new mines, aligning with sustainable mining practices. This news highlights the ongoing relevance of historic mining districts in meeting future resource demands.