About Us:

Status: Shovel-ready.

Lode-Star Mining, Inc (LSM) is the operator of private company Lode Star Gold, INC's (LSG) Goldfield Bonanza project. LSM presently has a 20% stake in the property which may be expanded to 80%. LSG is LSM's largest shareholder (69%). Both comanies entered into an Option Agreement on October 14, 2014 which was amended on October 31, 2019.

Our Goldfield Bonanza is a high-grade gold exploration and small mine development project located in the famous Goldfield Mining District in west-central Nevada 3 hours northwest of Las Vegas on Hwy 95 and adjacent to the town of Goldfield, NV. Historical production from the district is estimated to be 4.2 million ounces (130 t) of gold and included some of the highest-grade gold ores ever mined in the United States. Goldfield Bonanza consists of a historic group of patented mining claims located along the west and south sides of the “Goldfield Main District”, a small area that included the richest past-producing mines at Goldfield.

Our property consists of 31 patented claims on approximately 460 acres and is the only large land position in the “Main District” not owned by Waterton Global Resource Management, Inc. Waterton is currently advancing their nearby Gemfield Project towards large scale, open pit, heap leach production (proven and probable reserves of 567,000 ounces averaging 1.0 g/t), and also have an indicated and inferred resource for an open pit on their Main District property of 781,000 ounces gold at a 0.4 g/t cutoff.

Currently, with our underground mine staff of 5 full time personnel, we are readily minable with a 1/2 mile of drift at the 300ft sub-surface level. Underground work has identified 2 high-grade gold-bearing zones that can support mine development utilizing the Company's current infrastructure. The property is permitted for small scale production (10,000 tons of ore per annum). Much of the property remains under-explored and it is the belief of management that the district's high-grade, million-ounce ore zones repeat themselves. Further surface and underground exploration work needs to be executed.

LSM’s near-term objective is to develop and underground mine high-grade gold mineralization as was historically mined in the Goldfield Main District. Clearly demonstrating that extraordinary grade mineralization still exists on the Goldfield Bonanza property are drill intercepts in core holes drilled in 2011 that returned 9.5 ft (2.9 m) averaging 40.8 oz/ton (1.56 kg/t) gold, 4.5 ft (1.37 m) averaging 51.46 oz/ton (1.76 kg), and 9.5 ft (2.9 m) averaging 26.8 oz/ton (918 g/t).

A total of 65,500 feet (19,964 m) of rotary drilling, and 41,961 feet (12,790 m) of core drilling has been completed at the Goldfield Bonanza Project between 1979 and 2011. The bulk of the drilling was done by Trafalgar from 1979 to 1982, by LSG from 1999 to 2010 and by ICN in 2011. Of the combined drilling total, just over 39% was core. Exploration work conducted over the last 18 years by LSG and others has identified at least 5 new “ledges” which have been shown by drilling to contain bonanza - grade gold mineralization. Many intercepts with multi-ounce gold grades have been drilled in the Red Hills-Newmont Lode area, and four specific high-grade zones within the ledges have been identified. Additional silicified ledges have also been discovered in the Church shaft area, and these too have yielded multi-ounce gold grades. Those ledges are geologically the same as those that historically yielded over 4 million ounces of gold from high grade ores in the Goldfield District, and thus contain discovery potential for significant high-grade gold-silver mineralization. Close-spaced drilling will be required to turn these discoveries into resources and, possibly, reserves. Lode-Star Mining’s immediate goal is to complete delineation drilling in the Red Hills – Newmont Lode – Church Shaft area to define no less than 100,000 ounces of gold resource. Considering the number of high-grade intercepts already cut in those areas, and the number of prospective “ledges” on the property, this goal is reasonable. All drilling planned for this phase of exploration will be from the surface. The budget proposed by Lode-Star for this drilling program is $1,000,000.

Several other exploration targets have been defined by drilling, geophysics and geochemistry. Additional drilling focused on delineation and stepping out from the Red Hills – Newmont Lode – Church Shaft intercepts, based on recently completed three-dimensional geologic modeling, may discover additional, potentially minable, high-grade gold mineralization.

The current work program on the property is being 100% funded and managed by LSG personnel. LSM will need to access the financial markets for captal to earn its additional 60% interest in the property.

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