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Lundin Gold Targets Initial Sandia Resource Estimate in Early 2027

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Lundin Gold (LUG.TO) said after the market closed on Tuesday that it is targeting an initial mineral resource estimate for the Sandia copper-gold porphyry deposit in early 2027 following exploration success at its Fruta del Norte district in southeast Ecuador.

The company said recent drilling expanded the Sandia deposit and led to the discovery of two new mineralized porphyry systems, Sandia Northeast and Sandia Southeast. This increased the number of identified porphyry centres across the Fruta del Norte district to seven from five.

The company said the Sandia deposit has expanded to an estimated footprint of about 1,600 meters in strike length, 700 meters in width and 1,000 meters in depth. It remains open to the north, east and at depth. Sandia is the largest and highest-grade porphyry system identified on the concessions.

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