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Fremont Gold Announces Drill Program at its Gold Bar and Gold Canyon Properties, Nevada
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2018) - Fremont Gold Ltd. (TSXV: FRE) ...
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[{"type":"text","content":"Fremont Gold Announces Drill Program at its Gold Bar and Gold Canyon Properties, NevadaVancouver, British Columbia--(Newsfile Corp. - March 5, 2018) - Fremont Gold Ltd. (TSXV: FRE) (OTC Pink: USTDF) (\"Fremont\" or the \"Company\") is pleased to announce that it has received drill permits from the US Bureau of Land Management and plans to drill a minimum of 1000m at the Gold Bar and Gold Canyon properties in the spring of 2018. Drilling permits were received for both the Gold Bar and Gold Canyon projects which are adjacent and on trend to McEwen Mining's Gold bar development project The Company has awarded a drill contract to DeLong Drill Contractors Numerous drill targets are based on historic geochemical, geophysical and structural data compiled by Fremont's technical team The Company plans to drill a minimum of 1000m at the Gold Canyon and Gold Bar properties Drilling is planned for the Hurricane project later in the year due to its relatively high elevation and snow levelsBackgroundThe Gold Bar and Gold Canyon properties are both former mines in the Gold Bar District in Eureka County Nevada, an active mining zone in the Roberts Mountains at the southern end of the Cortez Trend. The district contains several Carlin-style sediment-hosted gold deposits including McEwen Mining's Gold Bar project, which is scheduled to produce 62,800 oz/annum at $770/oz starting in early 20191.Fremont's Gold Bar and Gold Canyon projects are adjacent to McEwen's Gold Bar development project. While McEwen's development project and Fremont's property share the same name, the historic Gold Bar mine is held by Fremont and produced 286,354 ounces of gold from 1986 to 1994. Fremont's Gold Bar property comprises 4150 hectares, hosts the historic mine and is 5kms SW of McEwen's project. It also contains an historic resource of 147,000 ounces @ 2.57 g/t Au called the Millsite deposit2 thought to be a faulted off-set of the former Gold Bar ore body (see Fremont press release dated Sept 12, 2017) located on the NW side of the old pit.Figure 1: Location of Fremont's Gold Bar and Gold Canyon projectsTo view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3169/33302_a1520237683987_60.jpg McEwen's Gold Bar project comprises four of the five former satellite pits located 5kms NE of the historic mine. The fifth satell...