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Fredonia Mining Inc. Receives Environmental Permit and Begins 6,000 Metre Drilling Program at its El Dorado-Monserrat Gold Project
TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV:FRED) is pleased to announce that it has obtained an Environ
About this update from Fredonia Mining, Inc.
[{"type":"text","content":" TORONTO, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV:FRED) is pleased to announce that it has obtained an Environmental Permit to complete its planned initial 6,000 metre drilling program at its El Dorado Monserrat gold project (“EDM”) in Santa Cruz, Argentina. Estanislao Auriemma, CEO and Director of Fredonia Mining commented, “We are very pleased to be able to rehab the roads and the camp, while we obtained the environmental permit on time to begin our 6,000 m drilling program last week”. Fredonia rehabilitated the camp and roads while working with the authorities towards permitting. Drilling commenced at Monserrat Oeste on October 6, 2021, and the Company will continue to work towards having initial results during Q4 2021. An initial 13 drill holes are planned to depths of up to 320 metres as detailed below in Table 1 and Figures 1 and 2. PROPOSED HOLE ID TARGET EASTING NORTHING ELEVATION AZIMUTH DIP EOH P9 Monserrat Oeste 2528490 4638590 220 270 -55 320 P10 Monserrat Oeste 2528500 4638800 235 270 -55 320 P11 Monserrat Oeste 2528460 4638950 246 270 -60 300 P4 Monserrat Oeste 2528484 4638163 218 270 -55 315 P3 Monserrat Oeste 2528458 4638065 214 270 -50 295 P1 Monserrat Oeste 2528360 4637890 210 270 -50 245 PP1 La Herradura 2532503 4632914 193 188 -60 280 PP2 La Herradura 2532451 4633064 178 188 -60 330 PP3 La Herradura 2532232 4632991 189 188 -60 250 PP4 La Herradura 2532054 4633071 188 188 -70 320 PP5 La Herradura 2531733 4633000 179 188 -60 250 PP6 La Herradura 2531478 4632909 168 188 -60 250 PP7 La Herradura 2531347 4632939 186 188 -60 250 3725 Table 1 initial proposed holes at Monserrat Oeste and La Herradura. The drilling at both project areas is designed to increase potential by demonstrating depth and along strike continuity. A second tranche of drilling once results are received will focus on further expanding the extent of the known mineralisation as well as scout drilling on other adjacent prospects and increasing confidence in the ‘in-house-resource’ defined at Main Veins. El Dorado-Monserrat (‘EDM’) Project The EDM property is located in an area of low rolling hills in the Deseado Massif of Santa Cruz Province, close to a number of known mines and prospects. Santa Cruz Province is part of the region of Patagonia which ...