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Fremont Completes Phase 1 Drill Program at Griffon Gold Project; Assays Pending
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Fremont Gold Ltd. (TSXV: FRE...
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[{"type":"text","content":"Fremont Completes Phase 1 Drill Program at Griffon Gold Project; Assays PendingVancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) (\"Fremont\" or the \"Company\") is pleased to announce that yesterday the Company completed the phase 1 drill program at the past producing Griffon gold project, located at the southern end of the Cortez Trend, Nevada (see Figure 1). The Cortez Trend is one of the most prolific gold trends in the world and is home to Nevada Gold Mines' Cortez Mine (963,000 ounces gold produced in 2019).The original 2,000 metre phase 1 drill program was increased to 2,275 metres in nine holes but remained within budget. Fremont has received assay results from the first three holes with drill hole GF-20-3 intersecting a significant interval of near-surface oxide gold mineralization: 50.3 metres of 1.05 grams/tonne (\"g/t\") gold starting at 29 metres. Holes four through nine have been submitted for assaying and the results will be reported once the assays are received, compiled, and interpreted.\"We eagerly await the results from holes four through nine,\" said Blaine Monaghan, CEO of Fremont. \"I'm confident that the results will demonstrate the potential for additional Carlin-type deposits at Griffon and set the stage for an expanded phase II drill program.\" The phase I drill program tested a number of targets, including gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the Blackrock fault. A description of holes GF-20-4 through GF-20-9 can be found below.Drill hole GF-20-4. A vertical hole to test for the continuation of mineralization southeast of the Hammer Ridge pit.Drill holes GF-20-5 and 6. A vertical and angled drill hole targeted an untested gold-in-soil anomaly to the east of the Discovery Ridge pit. Drill GF-20-7. A vertical hole, approximately 375 metres south of the Hammer Ridge pit, tested a coincident gold and thallium in soil anomaly south of the Hammer Ridge pit.Drill GF-20-8. A vertical hole to test for Joana Limestone (a major gold host at Griffon). The drill site is located on a ridge covered by post-mineral alluvium and volcanics. A shallow historic hole penetrated the alluvium but failed to reach bedrock, which is expected to be Joana Limes...