West Red Lake Gold Hits 176.04 g/t Gold Over 5.3m at Madsen Mine

Lode Gold Resources Inc. has submitted all necessary discharge documents to release the company from its senior secured debt obligations, a move that will free the Fremont Gold Mine from its pledge as security and leave Lode Gold and its subsidiaries with no outstanding loan obligations. With the discharge documents signed and submitted, the company said it can now focus fully on advancing the Fremont Gold Mine through its next phase of technical development, resource expansion and corporate growth. Over the next six months, Lode Gold plans to develop a preliminary mine plan for the Fremont Gold Mine, with the objective of establishing the technical foundation for environmental studies and permitting work. The company described the completion of the loan repayment as an important milestone that allows it to direct its financial and technical resources toward its flagship asset, and said it is now pursuing technical studies to evaluate optimized mine plans. The Fremont Gold Mine is a brownfield project in Mariposa, California, with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts, and a 2023 PEA based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred.

Bravo Mining Corp. announced the results of an independent Pre-Feasibility Study for its 100% owned Luanga palladium, platinum, rhodium, gold and nickel deposit in Brazil's Carajás Mineral Province, with the Base Case vertically integrated operation delivering an after-tax net present value of US$1.45 billion at an 8% discount rate and an after-tax internal rate of return of 35.1%, with a post-tax payback of 2.0 years. The Base Case carries pre-production capital expenditures of US$784.9 million and life-of-mine sustaining capital of US$98.2 million, an NPV-to-CAPEX ratio of 1.65x, an average life-of-mine C1 cash cost of US$478 per ounce of 4E PGM and an all-in sustaining cost of US$706 per ounce of 4E PGM. The study declares a maiden Proven and Probable Mineral Reserve of 86.7 million tonnes grading 2.77 grams per tonne palladium equivalent for 7,731 thousand ounces of contained palladium equivalent, a 55% conversion ratio by tonnes from the Measured and Indicated Mineral Resource, supporting a 10-year life of mine with average annual payable production of 208.9 thousand ounces of palladium, 150.7 thousand ounces of platinum, 16.1 thousand ounces of rhodium, 18.1 thousand ounces of gold and 9.8 thousand tonnes of nickel. The Base Case envisages a new Bravo-owned smelter within the Barcarena Export Processing Zone, roughly 600 kilometres from the mine, producing a saleable metal alloy, with Bravo Metals authorized by Brazil's National Council for Export Processing Zones to establish the project there. Bravo reported cash and cash equivalents of approximately US$94.1 million as of June 30, 2026, and is targeting an updated Mineral Resource in the first quarter of 2027 while advancing permitting and a Definitive Feasibility Study.

Goliath Resources Limited announced that its 2026 drill program at the Surebet Discovery on its 100% owned Golddigger Property in British Columbia's Golden Triangle has concluded with 48,443 meters drilled in 97 holes over 94 days using 7 drill rigs, maintaining a 100% hit rate. The program expanded the total footprint of the high-grade Surebet gold system to 2.01 km2, a 12% increase from the 1.8 km2 defined prior to the 2026 season, with the Bonanza Zone growing from 1.27 km2 to 1.51 km2 and the Golden Gate Zone from 0.85 km2 to 1.17 km2. Drilling also identified a new mineralized area called the Big Bulk Zone between the Bonanza and Golden Gate zones, with a central zone extending up to 310 meters in length and 110 meters vertically. To date, over 200,000 meters have been drilled at Surebet, and 412 of 483 holes, or 85%, contain visible gold to the naked eye, while 100% of holes have intersected quartz-sulphide mineralization. Assays remain pending for 83 holes drilled in 2026, and the company said it is updating its wireframe models ahead of designing a comprehensive drill plan for the 2027 season.