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Fremont Doubles Land Position at Griffon Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2020) - Fremont Gold Ltd. (TSXV: FRE) (...
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[{"type":"text","content":"Fremont Doubles Land Position at Griffon Gold ProjectVancouver, British Columbia--(Newsfile Corp. - May 7, 2020) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) (\"Fremont\" or the \"Company\") is pleased to announce that is has staked an additional 90 claims at the Griffon gold project (\"Griffon\" or the \"Project\"), doubling the size of the Project area from 89 claims to 179 claims or approximately 15 square kilometres. The additional claims cover the projected extensions of soil and rock chip geochemical anomalies to the north, south and west. \"Acquiring more ground at Griffon was always a priority for us,\" said Blaine Monaghan, CEO of Fremont Gold. \"However, last month was the earliest that we could effectively stake more ground at Griffon. I'm pleased that we were able to double our land position through staking and am confident that we have captured all of the prospective areas of mineralization around the past producing Griffon gold mine.\" Fremont recently raised approximately CAD$1.5M (see news release dated February 14, 2020) for a drill campaign at Griffon, which is expected to commence in June. Griffon gold projectGriffon is a past-producing gold mine located at the southern end of the Cortez Trend, approximately 75 km southwest of Ely, and is accessed via paved highway and Forest Service roads. Mineralization at Griffon is Carlin-type and is comparable to the mineralization found at several deposits at the Kinross Bald Mountain Mine complex, approximately 70 km to the north. Griffon was first drilled in 1988 and a limited amount of shallow pattern drilling (214 drill holes in total) focused on delineating the Discovery Ridge and Hammer Ridge deposits, leaving the remainder of the property essentially untested. From 1997-1999, Alta Gold Co. (\"Alta\") produced ~60,000 ounces of gold from Discovery Ridge and Hammer Ridge in an oxide heap-leach operation. Alta reported a number of unmined drill intercepts to the southwest of Hammer Ridge, including drill hole GR97-175 which returned 57.9 metres at 0.86 g/t gold, and proposed expanding Hammer Ridge before operations ceased. Griffon hosts numerous gravity, soil and stratigraphic drill targets. The Pilot Shale horizon - the primary gold host at Fiore Gold's nearby Pan Mine - has not been adequately tested, and the Joana/Chainman transitional horizon, which ...