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Fremont Drills 16.8m @ 1.9 G/t Au and 18.3m @ 1.1 G/t Au at Gold Canyon Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2018) - Fremont Gold Ltd. (TSXV: FRE)...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"Fremont Drills 16.8m @ 1.9 G/t Au and 18.3m @ 1.1 G/t Au at Gold Canyon Project, NevadaVancouver, 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 nearby Gold Bar project. Highlights include:Hole GCR-3 intersected 2 separate mineralized horizons: 16.8m @1.9 g/t Au from surface and 6.1m @ 1.8 g/t Au from 51.8m to 57.9mThe deeper intercept revealed a previously unrecognized mineralized zone at depth on the west side of the historical pit about 60m below current pit floor (hereafter called the 2300m level)Hole GCR-4 intersected the same mineralized horizon, and while not mineralized to the same tenor, indicates continuity of the mineralizationHole GCR-2 intersected 18.3m @ 1.1g/t Au, including 9.2m @ 1.7 g/t Au just beyond the northeast end of the Gold Canyon pit, demonstrating that mineralization continues to the northeast beyond the historical excavations.DiscussionClay 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-trendin...