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Fredonia Mining Reports High-Grade Gold and Silver at the Northern Monserrat sector - El Dorado Monserrat Project
The Northern Monserrat sector comprises a series of targets including Main Veins, Bajo Pedernal, Monserrat West, Abanico, Gladys, Entrevero, Monserrat East, amo
About this update from Fredonia Mining, Inc.
[{"type":"text","content":" The Northern Monserrat sector comprises a series of targets including Main Veins, Bajo Pedernal, Monserrat West, Abanico, Gladys, Entrevero, Monserrat East, among others, within our flagship El Dorado Monserrat (“EDM”) gold-silver project (6,200 ha), located 17 km west of the multi-million oz. producing Cerro Vanguardia gold mine run by AngloGold Ashanti.1 The new drilling confirms shallow Au-Ag mineralization at the Main Veins target and extending the system to the north, including MVDDH078 intercepts at 4.5 m, 4.00 m @ 1.66 g/t Au Eq., and at 18.5 m, 4.00 m @ 1.49 g/t Au Eq. New veins were intercepted between the Main Veins and Monserrat West targets, confirming the existence of additional high-grade veins under the modern rock cover at the Bajo Pedernal target (which lies between Main Veins and Monserrat West) - BPDDH001 intercepts significant gold mineralization at 92.5 m, 0.60 m @ 6.18 g/t Au Eq. Prior significant drill results at these targets include: 6.0 m @ 14.43 g/t Au Eq. at Main Veins; 2.4 m @ 18.05 g/t Au Eq. at Monserrat West; and 4.0 m @ 2.42 g/t Au Eq. at Bajo Pedernal (see Fredonia news release dated January 20th , 2022). Additionally, the Southern Mineralized Corridor that includes the Herradura Hill target, and which was part of this phase III drilling campaign, produced significant drill results, including 8.00 m @ 6.00 g/t Au Eq. (see Fredonia news release dated January 31st, 2023). 1 2.5 million oz. Au in the measured and indicated mineral resource category (including reserves) per AngloGold Ashanti Mineral Resource and Ore Reserve Report as at 31 December 2021; 145,000 oz production in 2021 per Cerro Vanguardia Operational Profile 2021; available at www.anglogoldashanti.com. TORONTO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV:FRED) announces successful completion of its phase III drilling program, with results of the remaining 6 HQ diamond drill holes totaling 1,143.00 m. drilled at the Northern Monserrat sector of its EDM project. The phase III drill program included an aggregate of 12 holes for a total of 2,955 m – 6 holes in the southern Herradura Hill target (see Fredonia news release dated January 31st, 2023) and the last 6 holes at the Northern Monserrat sector (drilled at the Main Veins, Bajo Pedernal and Monserrat West targets). “We are very encourag...