New Brunswick, Acadian Gold Joint Venture: A joint initiative with Fancamp Exploration for the advancement and exploration of one of the largest and under-explored land packages in New Brunswick, ‘Acadian Gold Corp.’ This 50/50 joint venture is located in a highly prospective region for gold and polymetallic mineral discovery, a geologic domain that hosts other gold-focused firms such as Calibre Mining and New Found Gold. The Acadian Gold joint venture combined mineral properties, Lode Gold’s recently acquired 309 km2 package of mineral claims, the Riley Brook property, along with Lode Gold’s 111 km2 McIntyre Brook holdings, creating an exceptionally sized project on an orogenic belt where other major developers are established and host certain world-class deposits. The Acadian Gold joint venture is positioned from a strategic perspective as a key player in the region, and holds the potential to become an emerging, district-scale, Au-Cu exploration play (refer to press release dated August 27, 2024).
The Riley Brook is a 309 km2 package covering a 25 km strike of Wapske formation with its numerous felsic units. Previous exploration efforts have focused on just VMS-style mineralization hosted in the felsic intrusions, and mostly focused on the base metals – the Company is the first to focus on and assay for gold.
The Riley Brook property, a 1,404 claims land package in New Brunswick, is located around 25 km south of Puma Exploration’s Williams Brook Project. Positioned in the Appalachian geological province—an area noted for recent significant gold discoveries like New Found Gold’s Queensway Project — this 100% interest in Riley Brook, is a strategic step in its grassroots exploration program. The area shows strong yet underexplored potential for copper and gold mineralization, especially given the Devonian volcano-sedimentary structure of the Wapske Formation underlying the region.
Riley Brook (Figure 1 – left) spans approximately 309 km² in a mining-friendly jurisdiction, strategically located between two major orogenic structures—the Rocky Brook Millstream Fault and the Woodstock-Catamaran Fault—both of which could play a critical role in gold deposition and various types of mineralization. These structures are notable for hosting large orogenic gold deposits across the Appalachian region, similar to those at New Found Gold’s Queensway Project.
Historical data highlights areas (Figure 2 – right) across the property, including Mable Brook, Stewart Peaks South, and Blue Mountain Lake, where intermediate sulfidation mineralization of zinc, lead, and/or silver has been identified. Historical drilling has also revealed alteration patterns—such as silicification, kaolinization, sericitization, potassic alteration, hematization, and pyritization—indicative of epithermal mineralization potential. These findings align with porphyry-epithermal mineralization features seen at Puma Exploration’s William Brook property (source: https://explorationpuma.com/, June 2024).
Figure 1 (left) from Fancamp Exploration showcasing location of Riley Brook. Figure 2 (right) shows past results.
Riley Brook NI 43-101 Technical Report provided below:
