Img 8714

News

Two New Reduced Intrusive (RIRGS) Targets, Totalling Four, Identified at Tombstone Belt, Yukon – Gold Orogen, New Spin Co of Lode Gold

Lode Gold Resources Inc. has released the results of its continuing interpretation of data collected during the summer 2024 QMAGT survey.

Importantly, two additional reduced intrusion-related gold system targets Stingray and Camp have been defined on the Golden Culvert property as a direct result of incorporating the new geophysical data with existing geochemical data sets. These new targets complement the RIRGS targets already identified (a total of four highly prospective RIRGS targets, namely Border, Steelhead, Stingray and Camp) by Gold Orogen, subsidiary of Lode Gold, on its nearby WIN property.

Field verification of both the Stingray and Camp targets is scheduled for next season whereby geologists will endeavour to confirm the presence of the targeted hornfels and/or intrusive suites while collecting geochemical data from soils and rocks in the area. The Golden Culvert property is remarkable in that it contains a 15-kilometre-long soil and stream multielement gold, arsenic, plus or minus bismuth, plus or minus antimony, plus or minus lead, and plus or minus zinc geochemical anomaly, of which only a small 800-metre section (called Main) has seen drill testing. Prior exploration at Golden Culvert has already demonstrated an extensive gold-bearing, anastomosing quartz vein system hosted in metasediments considered to be an orogenic style of gold mineralization. The newly identified RIRGS targets significantly enhance the overall endowment potential at Golden Culvert, building upon the already considerable potential identified from the established orogenic styles of mineralization concentrated at the Main site, which have historically been the primary focus of exploration within this vast, high-potential area.

Highlights include:

  • Recent QMAGT system geophysical results integrated with geology and historic geochemical information have identified two new RIRGS prospects on the Golden Culvert property named Stingray and Camp.
  • The Golden Culvert property contains a remarkable 15-kilometre-long series of gold-in-soil anomaly trending northwest parallel to the regional structural fabric. One 800-metre zone has been drilled tested, the Main target (best result of 2.53 grams per tonne gold over 33.1 metres), and the rest is underexplored.
  • The Stingray prospect is centred around a mapped Tombstone-tungsten quartz monzonite intrusion on the southern boundary. The QMAGT survey data suggest the intrusion is larger than mapped and most likely continue under a carapace of hornfels. Minimal historical work has been conducted in the past. There are stream sediments elevated in gold, arsenic and sulphur, and a small soil grid evidenced anomalous arsenic.
  • The Camp prospect is a well-developed zone of soil and rock samples with anomalous gold and arsenic. The QMAGT survey has revealed this geochemical anomaly arcs to the southeast of a distinct magnetic low. The magnetic anomaly is interpreted to be a previously unmapped reduced intrusive.

Fieldwork is scheduled to initially map the extent of hornfels and intrusive, with soil and rock sampling to confirm and enhance the prospectivity of the company’s projects.

The news release dated Oct. 15, 2024, focused on the RIRGS potential of the WIN property, and gave details on the reduced intrusive-related gold system model and the regional setting. For more information regarding RIRGS, please view the press release. In summary, based on the RIRGS model, the main exploration target is sheeted gold-bearing quartz veins hosted in the cupola (roof) of a reduced intrusion or in the surrounding hornfels (country rock altered by the heat of the intrusion). RIRGS exhibits metal zonation with arsenic (plus or minus gold) in the periphery and gold, bismuth and tellurium in the centre.

When interpreting the QMAGT data, for possible RIRGS, the prime criteria were the presence of a distinct magnetic low zone (the intrusive), often highlighted by an annular of magnetic highs (the hornfels), backed up by geochemical evidence.

This target is centred on a known, yet unnamed, quartz monzonite intrusion of the Tombstone-Tungsten Cretaceous intrusive suite, as it appears on the published regional geology maps.

The Camp target

The Camp target is a distinct magnetic low interpreted from a previously unknown reduced intrusive. It occurs in a river valley in an area of low topography, and it may not be an outcrop. On the southeast side of this magnetic low is an arc of anomalous soil and rock geochemistry that made up the previously recognized Camp prospect.

The Camp prospect has returned rock grab samples of up to 48.1 g/t Au from a quartz vein with some sulphides hosted within phyllites. The rock grab samples are nested in a coincident gold, arsenic and lead soil anomaly.

The elevated geochemistry is a distal expression of a possible RIRGS represented by the magnetic anomaly. Field crews will be directed to the area to search for hornfels and/or intrusives to confirm any RIRGS affinity.

Future plans

The 2025 field season plans are detailed after comprehensive analysis, consisting of geochemical information, geological mapping and extensive QMAGT data. The Stingray and Camp targets presented herein are amenable to rapid reconnaissance to confirm the presence of intrusives and hornfels. Confirmation of this will present new RIRGS prospects that were previously unexplored on the Golden Culvert property.

Filing on SEDAR+

Lode Gold has filed on SEDAR+ an amended National Instrument 43-101 technical report on its Golden Culvert and WIN properties in the Yukon Tombstone gold belt. The report was initially filed on July 15, 2024. A typographic error was noticed in the original, stating that the best drill interval on the Golden Culvert property was 12.53 g/t Au over 33.1 m from 111.5 m in hole GC18-03, whereas the actual result was 2.53 g/t Au over 33.1 m from 111.5 m in hole GC18-03. The amended report corrects this error.

Both the original and amended reports were written by Marty Huber, PGeo, and Mark Fekete, PGeo.