07:13 AM EST, 02/24/2025 (MT Newswires) -- Lundin Gold ( LUGDF ) , which rose more than 3% and approached a 52-week high on Friday, over the weekend provided "exceptional" high-grade gold and "interesting" copper drilling results near its Fruta del Norte (FDN) gold mine in southeast Ecuador.

High grade drill holes, particularly UGE-S-24-212 and UGE-S-24-213, demonstrated significant potential for further resource expansion at the FDN South (FDNS) deposit.

Results from the FDN East drilling confirmed the continuity of gold mineralization, including the widest mineralized interval (at FDN East) to date and highlighted the potential for further discoveries in this early-stage target. The initial drilling near the Trancaloma target identified copper and gold mineralization that need further exploration to determine the significance.

"With 13 rigs currently drilling and more planned, we are confident in our ability to further expand resources and make new discoveries on the Fruta del Norte concession," Lundin Gold ( LUGDF ) Chief Executive Ron Hochstein said.