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Fremont Gold Ltd.
Summary
| Project: | Gold Bar | |
|---|---|---|
| Deposit: | Gold Canyon | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2018: Fremont Gold Ltd. announces an Exploration/Drilling Update report for its Gold Canyon deposit at the Gold Bar project. Drilling results incl. 16.8m @ 1.9g/t Au from 0m. Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - Fremont Gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Clay Newton (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) ("Fremont" or the "Company") is pleased to announce that it has received the complete drill results for the previously announced drill program at the Gold Canyon Project in northern Nevada (see Fremont news releases dated May 9 and June 1, 2018). Five RC drill holes were completed at Gold Canyon in late May totalling 1,067 meters, out of a total drill program of 1,559m which included the nearbyGold Bar project. Highlights include Clay Newton, Vice President Exploration, states, "We are very encouraged by the recent drill results which revealed three oxide gold zones within the vicinity of the historical Gold Canyon pit. Drilling at Gold Canyon confirmed gold mineralization both northeast and west of the existing pit. Gold is hosted within two Denay Limestone units and is structurally controlled by two faults; a NE-SW normal fault and a west dipping thrust fault. The best mineralization occurs where the two stratigraphic horizons are intersected by these fault structures, which act as feeders for mineralizing fluids. On the east side of the pit, holes GCR-1, 2 and 5 targeted the NE striking fault zone observed in the northern wall of the Gold Canyon pit. Hole GCR-2 hit the zone, returning a nice 18m intercept. Hole 1 was vertical and clipped the northern edge of the mineralization, while Hole GCR-5 returned anomalous but uneconomic gold values. However, we now have a good handle on the geometry and strike of this important northeast-trending structure and plan to follow-up with drill holes along strike to the northeast. | |
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