Lundin Gold Extends Porphyry Corridor to 10km's with Discovery of Fifth Porphyry; Sandia Returns Highest Grade Intercept to Date Including 322 Metres of 1.08% CuEq
Recent drilling continues to advance the understanding of the emerging porphyry belt adjacent to the Fruta del Norte mine. Results confirm a large intrusive complex hosting several shallow copper gold porphyry systems within a short distance of each other. Together, Sandia, Trancaloma, Trancaloma West, and Castillo define a multi-kilometre trend of clustered mineralization, while the new Chontas discovery extends the broader porphyry corridor to at least 10 km.
Program Highlights
- Sandia: Highest grade porphyry intercept to date including 322.30 m of 1.08% CuEq near surface. Footprint has expanded to 1,300 m strike x 700 m width x 1,000 m depth, and open to the northwest, east, and at depth. Sandia is currently the largest and highest grade of the known porphyry systems on FDN's concessions.
- Trancaloma: Drilling into a higher grade potassic core that shallows to the southeast; footprint has expanded to 1,300 m strike × 650 m width × 1,000 m depth, and open in multiple directions.
- Sandia–Trancaloma: Strike at 1,300 m each; the expansion of mineralization has narrowed the potential linkage within the corridor to 1,400 m (from 2,000 m) which continues to be tested by step-out drilling.
-
Castillo: Semi‑massive sulfide zone including 101 m of 0.80% CuEq, confirming southern continuity beneath the
Suarez Basin conglomerates. - Trancaloma West: Drilling has defined a continuous mineral envelope of 1,100 m strike × 200 m width × 500 m depth, mineralization and alteration style consistent with Trancaloma.
- Chontas (New Discovery): Drilling has confirmed a fifth porphyry system, 7 km south of Trancaloma and FDN, extending the corridor from 5 km to 10 km, opening a broader area to explore.
Highlights from drilling programs at Sandia, Trancaloma, Trancaloma West, Castillo and Chontas are outlined below, with detailed results provided in Appendix 1.
Drilling Highlights (not true widths)
Sandia
- Drill hole SND-2025-383 intersected 0.68% Cu, 0.10 g/t Au, 2.85 g/t Ag, and 16.32 ppm Mo (0.79% CuEq) over 603.25 m from 27.00 m, including:
- 0.96% Cu, 0.12 g/t Au, 3.50 g/t Ag, and 9.77 ppm Mo (1.08% CuEq) over 322.30 m
- Drill hole SND-2025-378 intersected 0.49% Cu, 0.10 g/t Au, 1.90 g/t Ag, and 20.45 ppm Mo (0.60% CuEq) over 694.20 m from 5.90 m, including:
- 0.74% Cu, 0.18 g/t Au, 2.66 g/t Ag, and 6.78 ppm Mo (0.90% CuEq) over 240.90 m
Trancaloma
- Drill hole TRL-2025-340 intersected 0.33% Cu, 0.10 g/t Au, 1.80 g/t Ag, and 12.58 ppm Mo (0.43% CuEq) over 945.05 m from 152.30 m, including:
- 0.52% Cu, 0.13 g/t Au, 2.31 g/t Ag, and 19.14 ppm Mo (0.65% CuEq) over 202.25 m
- Drill hole TRL-2025-362 intersected 0.35% Cu, 0.11 g/t Au, 0.98 g/t Ag, and 11.76 ppm Mo (0.44% CuEq) over 681.60 m from 46.40 m, including:
- 0.44% Cu, 0.14 g/t Au, 1.09 g/t Ag, and 8.79 ppm Mo (0.55% CuEq) over 395.75 m
Trancaloma West
- Drill hole TRL-2025-365 intersected 0.27% Cu, 0.06 g/t Au, 2.22 g/t Ag, and 14.28 ppm Mo (0.35% CuEq) over 582.55 m from 21.95 m, including:
- 0.34% Cu, 0.08 g/t Au, 3.23 g/t Ag, and 12.56 ppm Mo (0.43% CuEq) over 303.50m
Castillo
- Drill hole CAS-2025-376 intersected 0.64% Cu, 0.20 g/t Au, 2.00 g/t Ag, and 6.08 ppm Mo (0.80% CuEq) over 100.80 m from 244.90 m, including:
- 1.0% Cu, 0.33 g/t Au, 3.20 g/t Ag, and 3.81 ppm Mo (1.26% CuEq) over 47.80m
Chontas (Discovery)
- Drill hole CHT-2025-374 intersected 0.23% Cu, 0.03 g/t Au, 0.93 g/t Ag, and 10.0 ppm Mo (0.27% CuEq) over 507.60m from 20.10 m, including:
- 0.39% Cu, 0.05 g/t Au, 1.49 g/t Ag, and 4.71 ppm Mo (0.44% CuEq) over 232.80m
10 KM SANDIA-CHONTAS COPPER-GOLD PORPHYRY CORRIDOR
Recent drilling continues to advance the understanding of the emerging porphyry belt adjacent to FDN. Results confirm a large intrusive complex hosting multiple shallow copper gold porphyry systems in close proximity to one another. Collectively, Sandia, Trancaloma, Trancaloma West, and Castillo form a near-mine cluster of deposits located immediately beside FDN, while the new Chontas discovery extends the broader north-south porphyry corridor to at least 10 kilometres.
SANDIA
Located less than two kilometres northeast of FDN, Sandia is the most significant porphyry system discovered to date and sits on the northern edge of currently defined corridor. Drilling outlines wide, continuous copper-gold mineralization beginning at surface. The system is currently defined over 1,300 m along a northwest trend, 700 m in width, and 1,000 m vertically, and remains open along strike to the northwest, to the east, and at depth (see Figures 1 and 2).
Mineralization is predominantly associated with A-type quartz (chalcopyrite) ± magnetite veinlets hosted mainly by quartz monzonite porphyry with well-developed Kfeldspar–magnetite potassic alteration. The standout interval in SND-2025-383 (603.25 m at 0.79% CuEq, including 322.30 m at 1.08% CuEq) represents the highest grade porphyry intercept returned to date in the program and highlights exploration potential toward the northwest and east. In the central portion of the system, SND-2025-378 (694.20 m at 0.60% CuEq) successfully enlarged and extended higher grade mineralization. Four surface drill rigs are currently active at Sandia.
TRANCALOMA
At Trancaloma, drilling continues to expand a broad zone of copper‑gold mineralization from surface, now extending approximately 1,300 m along a northwest trend, 650 m in width, and 1,000 m in depth, and remains open along strike and at depth (see Figures 1, 2, and 3).
Mineralization is associated with well zoned porphyry related alteration, with copper-gold hosted in a phallic to sericite assemblage that transitions at depth into higher grade potassic alteration characterized by Kfeldspar, biotite, and magnetite with A-type quartz ± magnetite veining. Recent holes, TRL-2025-340 (945.05 m at 0.43% CuEq) and TRL-2025-362 (681.60 m at 0.44% CuEq), expanded the system and indicate that the potassic core is shallowing along the southeastern extension. One surface rig is currently active at Trancaloma.
TRANCALOMA WEST
On the western side of Trancaloma, drilling continues to define the Trancaloma West porphyry system (see Figures 1 and 3). Since its discovery last quarter, the program has delineated a continuous mineralized envelope over approximately 1,100 m of strike, 200 m of width, and 500 m of depth. Mineralization and alteration styles are consistent with the main Trancaloma system. Hole TRL-2025-365 (303.50 m at 0.43% CuEq) confirmed shallow mineralization to the north, indicating further room for expansion in that direction. One surface rig is currently active at Trancaloma West.
CASTILLO
At Castillo, located two kilometres south of FDN along the western border of
CHONTAS – NEW PORPHYRY DISCOVERY
At Chontas, located seven kilometres south of Trancaloma and FDN, a systematic exploration program has led to the discovery of another shallow copper‑gold porphyry system (see Figure 4). Testing a large surface Cu–Mo geochemical anomaly, hole CHT‑2025‑374 (232.80 m at 0.44% CuEq) intersected wide, shallow copper‑gold mineralization associated with typical porphyry alteration, including well‑developed potassic (K‑feldspar–biotite) and chlorite–magnetite assemblages and A‑type quartz veining. The discovery confirms a 10 kilometre porphyry corridor and remains open for further exploration.
Figure 1: Map showing Trancaloma-Sandia corridor adjacent to FDN
Figure 2: Sandia Trancaloma cross section showing recent drilling results at Trancaloma
Figure 3: Castillo Trancaloma cross section showing reported drilling results
Qualified Persons and Technical Notes
The technical information contained in this News Release has been reviewed and approved by
Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in
Copper equivalent calculation for reporting purposes only: US$4.00/lb Cu, US$1,800/oz Au, US$30/oz Ag, and
About
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APPENDIX 1
Table 1: Drillhole assay results from the porphyry targets surface drilling program. Drill hole intercepts are reported in drill core lengths.
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
CuEq (%) |
Target |
|
CAS-2025-345 |
98.45 |
390.90 |
292.45 |
0.15 |
0.03 |
0.37 |
10.24 |
0.18 |
Castillo |
|
Including |
98.45 |
126.40 |
27.95 |
0.26 |
0.05 |
0.59 |
6.15 |
0.30 |
|
|
Including |
276.80 |
308.95 |
32.15 |
0.21 |
0.04 |
0.44 |
10.29 |
0.25 |
|
|
CAS-2025-359 |
160.00 |
449.45 |
289.45 |
0.30 |
0.06 |
0.85 |
3.89 |
0.34 |
Castillo |
|
Including |
395.00 |
434.60 |
39.60 |
0.40 |
0.11 |
1.18 |
4.01 |
0.48 |
|
|
CAS-2025-371 |
120.80 |
458.40 |
337.60 |
0.22 |
0.03 |
0.58 |
8.75 |
0.25 |
Castillo |
|
Including |
147.80 |
202.00 |
54.20 |
0.31 |
0.04 |
0.93 |
13.47 |
0.35 |
|
|
CAS-2025-376 |
97.60 |
398.65 |
301.05 |
0.32 |
0.09 |
0.94 |
7.38 |
0.39 |
Castillo |
|
Including |
244.90 |
345.70 |
100.80 |
0.64 |
0.20 |
2.00 |
6.08 |
0.80 |
|
|
with |
258.20 |
306.00 |
47.80 |
1.00 |
0.33 |
3.20 |
3.81 |
1.26 |
|
|
CAS-2025-387 |
231.20 |
296.90 |
65.70 |
0.29 |
0.05 |
0.62 |
5.58 |
0.33 |
Castillo |
|
Including |
254.55 |
278.80 |
24.25 |
0.35 |
0.04 |
0.64 |
5.64 |
0.39 |
|
|
CAS-2025-421 |
Pending Results |
Castillo |
|||||||
|
CHT-2025-341 |
No Significant Results |
Chontas |
|||||||
|
CHT-2025-363 |
Pending Results |
Chontas |
|||||||
|
CHT-2025-374 |
20.10 |
527.70 |
507.60 |
0.23 |
0.03 |
0.93 |
10.00 |
0.27 |
Chontas |
|
Including |
238.40 |
471.20 |
232.80 |
0.39 |
0.05 |
1.49 |
4.71 |
0.44 |
|
|
CHT-2025-380 |
93.30 |
419.80 |
326.50 |
0.20 |
0.05 |
0.86 |
10.97 |
0.25 |
Chontas |
|
Including |
240.25 |
312.80 |
72.55 |
0.41 |
0.06 |
1.51 |
2.62 |
0.47 |
|
|
CHT-2025-420 |
Pending Results |
Chontas |
|||||||
|
SND-2025-349 |
8.25 |
483.10 |
474.85 |
0.58 |
0.10 |
2.55 |
17.24 |
0.69 |
Sandia |
|
Including |
184.30 |
483.10 |
298.80 |
0.70 |
0.13 |
3.23 |
8.63 |
0.83 |
|
|
SND-2025-370 |
1.70 |
615.00 |
613.30 |
0.19 |
0.04 |
1.40 |
30.19 |
0.25 |
Sandia |
|
Including |
415.00 |
615.00 |
200.00 |
0.29 |
0.05 |
2.22 |
30.29 |
0.37 |
|
|
SND-2025-378 |
5.90 |
700.10 |
694.20 |
0.49 |
0.10 |
1.90 |
20.45 |
0.60 |
Sandia |
|
Including |
459.20 |
700.10 |
240.90 |
0.74 |
0.18 |
2.66 |
6.78 |
0.90 |
|
|
SND-2025-382 |
244.55 |
511.30 |
266.75 |
0.52 |
0.15 |
2.07 |
14.18 |
0.65 |
Sandia |
|
Including |
324.00 |
511.30 |
187.30 |
0.61 |
0.19 |
2.51 |
6.46 |
0.76 |
|
|
SND-2025-383 |
27.00 |
630.25 |
603.25 |
0.68 |
0.10 |
2.85 |
16.32 |
0.79 |
Sandia |
|
Including |
27.00 |
349.30 |
322.30 |
0.96 |
0.12 |
3.50 |
9.77 |
1.08 |
|
|
SND-2025-388 |
No Significant Results |
Sandia |
|||||||
|
SND-2025-396 |
3.00 |
650.45 |
647.45 |
0.54 |
0.13 |
2.28 |
14.42 |
0.66 |
Sandia |
|
Including |
140.00 |
278.60 |
138.60 |
0.60 |
0.12 |
2.62 |
20.43 |
0.72 |
|
|
Including |
336.50 |
642.80 |
306.30 |
0.68 |
0.18 |
2.90 |
8.94 |
0.84 |
|
|
SND-2025-400 |
13.90 |
649.70 |
635.80 |
0.43 |
0.06 |
1.68 |
18.90 |
0.50 |
Sandia |
|
Including |
13.90 |
278.90 |
265.00 |
0.51 |
0.07 |
1.81 |
21.41 |
0.59 |
|
|
Including |
314.50 |
467.00 |
152.50 |
0.56 |
0.07 |
2.17 |
9.59 |
0.64 |
|
|
SND-2025-413 |
Pending Results |
Sandia |
|||||||
|
SND-2025-414 |
Pending Results |
Sandia |
|||||||
|
SND-2025-416 |
Pending Results |
Sandia |
|||||||
|
SND-2025-426 |
Pending Results |
Sandia |
|||||||
|
SND-2025-426-D1 |
Pending Results |
Sandia |
|||||||
|
SND-2025-430 |
Pending Results |
Sandia |
|||||||
|
TRL-2025-322 |
94.60 |
284.00 |
189.40 |
0.20 |
0.05 |
1.17 |
5.95 |
0.25 |
Trancaloma West |
|
Including |
101.80 |
147.30 |
45.50 |
0.24 |
0.05 |
1.06 |
4.56 |
0.29 |
|
|
Including |
230.70 |
284.00 |
53.30 |
0.25 |
0.06 |
1.28 |
6.87 |
0.31 |
|
|
TRL-2025-340 |
152.30 |
1097.35 |
945.05 |
0.33 |
0.10 |
1.80 |
12.58 |
0.43 |
Trancaloma |
|
Including |
895.10 |
1097.35 |
202.25 |
0.52 |
0.13 |
2.31 |
19.14 |
0.65 |
|
|
TRL-2025-344 |
215.85 |
726.40 |
510.55 |
0.22 |
0.06 |
1.19 |
23.96 |
0.28 |
Trancaloma |
|
Including |
642.50 |
726.40 |
83.90 |
0.32 |
0.07 |
1.34 |
47.79 |
0.41 |
|
|
TRL-2025-348 |
158.50 |
698.60 |
540.10 |
0.13 |
0.02 |
1.02 |
15.78 |
0.16 |
Trancaloma |
|
Including |
369.70 |
413.00 |
43.30 |
0.17 |
0.01 |
1.00 |
16.28 |
0.20 |
|
|
Including |
626.80 |
668.40 |
41.60 |
0.17 |
0.05 |
1.68 |
19.03 |
0.23 |
|
|
TRL-2025-362 |
46.40 |
728.00 |
681.60 |
0.35 |
0.11 |
0.98 |
11.76 |
0.44 |
Trancaloma |
|
Including |
150.25 |
546.00 |
395.75 |
0.44 |
0.14 |
1.09 |
8.79 |
0.55 |
|
|
TRL-2025-364 |
264.90 |
801.80 |
536.90 |
0.49 |
0.11 |
1.87 |
9.91 |
0.59 |
Trancaloma |
|
Including |
383.10 |
614.10 |
231.00 |
0.60 |
0.12 |
2.05 |
7.18 |
0.70 |
|
|
TRL-2025-365 |
21.95 |
604.50 |
582.55 |
0.27 |
0.06 |
2.22 |
14.28 |
0.35 |
Trancaloma West |
|
Including |
144.20 |
447.70 |
303.50 |
0.34 |
0.08 |
3.23 |
12.56 |
0.43 |
|
|
TRL-2025-368 |
8.90 |
637.40 |
628.50 |
0.19 |
0.04 |
0.54 |
37.56 |
0.24 |
Trancaloma |
|
Including |
273.10 |
375.50 |
102.40 |
0.27 |
0.05 |
1.06 |
34.83 |
0.34 |
|
|
TRL-2025-381 |
Pending Results |
Trancaloma |
|||||||
|
TRL-2025-406 |
Pending Results |
Trancaloma |
|||||||
|
TRL-2025-409 |
Pending Results |
Trancaloma |
|||||||
|
TRL-2025-418 |
Pending Results |
Trancaloma |
|||||||
|
TRL-2025-423 |
Pending Results |
Trancaloma |
|||||||
|
TRL-2025-428 |
Pending Results |
Trancaloma |
|||||||
Table 2: Porphyry Target Collar Drill Holes
|
Hole ID |
Target |
Easting |
Northing |
Elevation |
Azimuth |
Dip |
EOH (m) |
Zone |
Year |
|
CAS-2025-345 |
Castillo |
778071 |
9580809 |
1462 |
50 |
-81 |
600.00 |
Surface |
2025 |
|
CAS-2025-359 |
Castillo |
778071 |
9580809 |
1462 |
54 |
-44 |
550.00 |
Surface |
2025 |
|
CAS-2025-371 |
Castillo |
777989 |
9580789 |
1444 |
99 |
-35 |
458.40 |
Surface |
2025 |
|
CAS-2025-376 |
Castillo |
778198 |
9580647 |
1505 |
299 |
-65 |
414.10 |
Surface |
2025 |
|
CAS-2025-387 |
Castillo |
778239 |
9580452 |
1544 |
278 |
-65 |
550.00 |
Surface |
2025 |
|
CAS-2025-421 |
Castillo |
778240 |
9580453 |
1545 |
50 |
-67 |
500.20 |
Surface |
2025 |
|
CHT-2025-341 |
Chonta |
778484 |
9575991 |
1664 |
244 |
-51 |
326.6 |
Surface |
2025 |
|
CHT-2025-363 |
Chonta |
778731 |
9576293 |
1789 |
118 |
-49 |
621.6 |
Surface |
2025 |
|
CHT-2025-374 |
Chonta |
778731 |
9576293 |
1789 |
72 |
-45 |
661.75 |
Surface |
2025 |
|
CHT-2025-380 |
Chonta |
778732 |
9576294 |
1789 |
73 |
-34 |
510.1 |
Surface |
2025 |
|
CHT-2025-420 |
Chonta |
778613 |
9575324 |
1812 |
90 |
-45 |
500.05 |
Surface |
2025 |
|
CHT-2026-222 |
Chonta |
779067 |
9575816 |
1874 |
45 |
-45 |
514.9 |
Surface |
2026 |
|
SND-2025-349 |
Sandia |
779294 |
9584011 |
1599 |
88 |
-50 |
483.10 |
Surface |
2025 |
|
SND-2025-370 |
Sandia |
779981 |
9583794 |
1782 |
311 |
-59 |
615.00 |
Surface |
2025 |
|
SND-2025-378 |
Sandia |
779294 |
9584011 |
1597 |
47 |
-70 |
700.10 |
Surface |
2025 |
|
SND-2025-382 |
Sandia |
779083 |
9584345 |
1615 |
62 |
-60 |
633.75 |
Surface |
2025 |
|
SND-2025-383 |
Sandia |
779332 |
9584327 |
1598 |
104 |
-55 |
630.25 |
Surface |
2025 |
|
SND-2025-388 |
Sandia |
779299 |
9582758 |
1676 |
102 |
-80 |
495.80 |
Surface |
2025 |
|
SND-2025-396 |
Sandia |
779237 |
9584164 |
1585 |
70 |
-70 |
650.45 |
Surface |
2025 |
|
SND-2025-400 |
Sandia |
779275 |
9584483 |
1587 |
72 |
-66 |
650.80 |
Surface |
2025 |
|
SND-2025-413 |
Sandia |
779162 |
9583772 |
1606 |
60 |
-60 |
600.20 |
Surface |
2025 |
|
SND-2025-414 |
Sandia |
780070 |
9584741 |
1640 |
70 |
-65 |
550.10 |
Surface |
2025 |
|
SND-2025-416 |
Sandia |
779235 |
9584163 |
1585 |
250 |
-61 |
460.55 |
Surface |
2025 |
|
SND-2025-426 |
Sandia |
779805 |
9584746 |
1630 |
27 |
-51 |
151.85 |
Surface |
2025 |
|
SND-2025-426-D1 |
Sandia |
779805 |
9584746 |
1630 |
27 |
-50 |
802.80 |
Surface |
2025 |
|
SND-2026-430 |
Sandia |
778952 |
9584349 |
1602 |
90 |
-69 |
604.00 |
Surface |
2026 |
|
SND-2026-431 |
Sandia |
779983 |
9583793 |
1782 |
80 |
-65 |
527.25 |
Surface |
2026 |
|
TRL-2025-322 |
Trancaloma |
778716 |
9581394 |
1481 |
98 |
-65 |
709.35 |
Surface |
2025 |
|
TRL-2025-340 |
Trancaloma |
780742 |
9581173 |
1488 |
302 |
-60 |
1097.35 |
Surface |
2025 |
|
TRL-2025-344 |
Trancaloma |
780562 |
9581170 |
1546 |
278 |
-60 |
726.40 |
Surface |
2025 |
|
TRL-2025-348 |
Trancaloma |
780550 |
9582153 |
1480 |
228 |
-55 |
700.20 |
Surface |
2025 |
|
TRL-2025-362 |
Trancaloma |
780741 |
9581174 |
1488 |
303 |
-31 |
728.00 |
Surface |
2025 |
|
TRL-2025-364 |
Trancaloma |
780081 |
9581598 |
1481 |
98 |
-75 |
801.80 |
Surface |
2025 |
|
TRL-2025-365 |
Trancaloma |
779004 |
9581333 |
1486 |
63 |
-64 |
653.55 |
Surface |
2025 |
|
TRL-2025-368 |
Trancaloma |
780203 |
9581928 |
1476 |
233 |
-58 |
700.65 |
Surface |
2025 |
|
TRL-2025-381 |
Trancaloma |
779964 |
9581618 |
1449 |
58 |
-70 |
622.90 |
Surface |
2025 |
|
TRL-2025-406 |
Trancaloma |
779971 |
9581942 |
1527 |
230 |
-60 |
480.60 |
Surface |
2025 |
|
TRL-2025-409 |
Trancaloma |
779724 |
9582153 |
1592 |
70 |
-61 |
549.75 |
Surface |
2025 |
|
TRL-2025-418 |
Trancaloma |
780554 |
9581888 |
1513 |
50 |
-64 |
498.90 |
Surface |
2025 |
|
TRL-2025-423 |
Trancaloma |
779073 |
9581469 |
1489 |
50 |
-60 |
681.30 |
Surface |
2025 |
|
TRL-2025-428 |
Trancaloma |
780552 |
9582154 |
1480 |
50 |
-60 |
500.40 |
Surface |
2025 |
SOURCE