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RUA GOLD: Latest Update on Acquisition of Siren Gold’s Reefton Assets

kent-jackson by kent-jackson
October 21, 2024
in News
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RUA GOLD: Latest Update on Acquisition of Siren Gold’s Reefton Assets
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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) (“Lode Gold ” or the “Company”) has recently interpreted the data from the QMAGT survey conducted in summer 2024. This survey revealed the identification of a new high-priority target named “Steelhead” on its WIN property, expanding the Reduced Intrusion Related Gold System (RIRGS) targets. The Company plans to release more information about the potential genetic relationship between the RIRGS mineralization at WIN and the orogenic mineralization at Golden Culvert.

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### Additional Insight:
The QMAGT survey has proven to be a valuable tool in enhancing the understanding of the geological features of the property, particularly in mapping out the Tombstone-Tungsten Cretaceous aged intrusions and related hornfels. These findings are crucial for designing targeted exploration programs and identifying potential drill targets. By combining the QMAGT data with existing geological and geochemical information, Lode Gold aims to accelerate the development of its high-potential RIRGS targets. This integrated approach showcases the Company’s commitment to maximizing the exploration potential of its projects.

### Regional Setting and Geological Model Alignment:
The WIN property’s location in the Tombstone gold belt aligns with the known characteristics of RIRGS deposits in the region. The geological model of RIRGS emphasizes the association of mineralization with reduced intrusions and the presence of multiple mineralization styles within the thermal aureole. Lode Gold’s exploration efforts at WIN and Golden Culvert are strategically positioned to leverage the predictable zonation and metal signatures associated with RIRGS deposits.

### Utilization of Advanced Geophysical Surveys:
The utilization of the QMAGT survey has provided Lode Gold with valuable insights into the structural controls and mineralization patterns within its properties. The interpretation of the magnetic data, along with the geological mapping, has paved the way for identifying key exploration targets and guiding future drilling programs. By integrating advanced geophysical surveys with traditional exploration methods, the Company is poised to unlock the full potential of its mineral assets.

### Future Exploration Plans and Target Development:
Moving forward, Lode Gold plans to focus on further exploration at the Steelhead Prospect, Border Gold Zone, and other high-priority areas highlighted by the QMAGT survey. The Company’s comprehensive approach to exploration, combining geophysical, geochemical, and geological data, underscores its commitment to advancing its projects and unlocking value for its shareholders. With a strategic vision and a solid technical foundation, Lode Gold is well-positioned to capitalize on the exploration potential of its properties in the Yukon and New Brunswick.

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