Consistent Gold Predictability
Lode Gold Publishes NI 43-101 Report for Fremont Gold Mine, Highlighting Consistent Gold Distribution
Anonymous
Lode Gold Resources Inc. has filed an independent NI 43-101 Technical Report for its Fremont Gold Mine in Mariposa County, California, on SEDAR+, according to Market Screener. The report introduces a key metric — Grams x Meter (g*m) — to measure how densely gold is packed through the deposit's rock layers.
The g*m values stayed remarkably stable, ranging from 79 to 87 g/m across cut-off grades from 0 g/t all the way up to 3 g/t, Market Screener reported. That consistency is a strong technical signal for investors and engineers evaluating the mine's potential.
What the Grams x Meter Metric Actually Means
The g*m metric combines two things: how thick a gold-bearing rock layer is and how much gold it contains per tonne. Multiply those together and you get a single number that shows how rich the deposit is. A higher g*m means more gold packed into less space, The Sudbury Star explained.
Lode Gold used g*m to compare the Fremont mine against gold deposits worldwide. The fact that the number barely moved — staying between 79 and 87 — as cut-off grades rose shows the gold is spread evenly through the rock. That makes the deposit easier to model, plan, and mine.
Stable Grade Profile Points to Predictable, Flexible Mining
A key finding in the report is what experts call "predictability." When g*m values hold steady across different cut-off grades, miners can adjust where they dig without losing efficiency. They can raise or lower the minimum gold grade they target and still get consistent results, according to Sault Star.
This flexibility matters a lot in real-world mining. Gold prices and operating costs shift constantly. A deposit that stays consistent across grade thresholds gives a mine operator more options — they can scale up or pull back depending on market conditions without wasting ore.
Updated Cost Estimate Brings Fremont Under Key Threshold
The technical report also updated the cost estimate for the Fremont deposit. The revised figure now puts the project under a 1x NAV (net asset value) multiple when measured against current gold market prices and mining costs, Market Screener reported. In mining finance, trading below 1x NAV means the asset may be undervalued.
Lode Gold trades on the TSX Venture Exchange under the ticker LOD and on the OTCQB market as LODFF. Filing the NI 43-101 report on SEDAR+ is a regulatory requirement in Canada that gives investors access to independently verified resource data before making investment decisions.
Fremont Mine's California Location Adds Strategic Value
The Fremont Gold Property sits in Mariposa County, California — a historically productive gold region in the Sierra Nevada foothills. California's established mining infrastructure and legal framework can lower development risk compared to more remote international sites.
The NI 43-101 standard requires an independent qualified person to verify all resource estimates. That independence adds credibility to Lode Gold's numbers. For a junior mining company like Lode Gold, a clean technical report filed on SEDAR+ is a key step toward attracting partners or financing for future development, according to The Observer.
Sentiment
NeutralNEGATIVENEUTRALPOSITIVE
Publishers
6
Articles
6
Reach
6
A
AnonymousAuthor
