Lundin Gold: Unveiling New High-Grade Gold and Copper-Gold Discoveries

Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) has recently announced exceptional high-grade gold and copper-gold drilling results near its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador. The Company's near-mine exploration program has successfully extended high-grade gold mineralization at the FDN South ("FDNS") deposit, expanded the potential at FDN East, and discovered new copper-gold mineralization at the Trancaloma target. These findings highlight the Company's commitment to extending mine life through resource expansion and new discoveries close to the operation.

FDNS, located along the south extension of FDN, has demonstrated significant exploration potential with recent high-grade intercepts, including drill holes UGE-S-24-212 (173.98 g/t Au over 8.45 m) and UGE-S-24-213 (77.31 g/t Au over 10.90 m). These high-grade intercepts, along with the recent Mineral Resource estimate update, indicate the potential for further resource expansion at FDNS. The Company's near-mine exploration strategy focuses on extending mine life by exploring and delineating new discoveries close to the operation, and the high-grade gold intercepts at FDNS support this strategy by indicating areas for further expansion.

FDN East, an early-stage target, has shown encouraging results, with drill holes FDNE-2024-200 and UGE-E-24-210 intersecting wide mineralized intervals. The continuity of gold mineralization at FDN East is influenced by several key geological factors, including structural control, alteration zones, geochemical signature, and basin-fill sediments. These factors contribute to the potential for new discoveries in this target area, as the Company continues to explore and expand its mineral resource base.

The Trancaloma target, a new area recently added to the exploration program, has identified copper and gold mineralization through initial drilling. This discovery aligns with the Company's near-mine exploration strategy, as it has the potential to expand the Company's mineral resource base and extend the mine life. Further exploration is required to determine the significance of the Trancaloma target, including additional drilling and geophysical surveys.

In conclusion, Lundin Gold's exceptional high-grade gold and copper-gold drilling results near its FDN gold mine demonstrate the Company's commitment to extending mine life through resource expansion and new discoveries. The high-grade gold intercepts at FDNS, the encouraging early-stage results at FDN East, and the discovery of new copper-gold mineralization at the Trancaloma target highlight the Company's potential for further growth and success in the mining sector. As the Company continues to explore and expand its mineral resource base, investors should keep a close eye on Lundin Gold's progress and potential opportunities.