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Fremont Gold Ltd. Acquires 3,250 Hectare Prospective Property Package on the Carlin Trend
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2017) - Fremont Gold Ltd. (TSXV: ...
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[{"type":"text","content":"Fremont Gold Ltd. Acquires 3,250 Hectare Prospective Property Package on the Carlin TrendVancouver, British Columbia--(Newsfile Corp. - October 30, 2017) - Fremont Gold Ltd. (TSXV: FRE) (\"Fremont\" or the \"Company\") is pleased to announce that the company has recently staked a significant land position comprising 3,250 ha in the northern part of the Carlin trend which is home to Barrick Gold Corp's Goldstrike mine complex which has Proven and Probable Reserves of 70.7Mt @ 3.55g/t Au for 8.1Moz, and the North and South Carlin complexes of Newmont Mining which collectively have Proven and Probable Reserves of 295.1Mt @ 1.59g/t Au for 15Moz of gold1.Highlights are as follows:●   Fremont has acquired two properties named Alkali (318 claims comprising 2664 ha) and Coyote (70 claims comprising 586 ha) along the NW extension of the Carlin trend, which has historic production of approximately 88M oz of gold2.●    The Coyote claim block is located 2 km north of the Rossi mine (Barrick/Meridian), which had a resource of 0.97Mt @ 16.46g/t gold in 20071. Rossi is the most northerly deposit currently known along the Carlin trend. ●   The larger Alkali claim block is located NW of Coyote and is approximately 4km NE of the Hollister Mine of Klondex Mines Ltd, which has a measured and indicated resource of 0.43Mt @ 17.4g/t AuEq (gold equivalent) and an inferred resource of 0.18Mt @ 15.3g/t AuEq. There is evidence of a NE structural control at Hollister which extends through the Alkali claim block.Figure 1. Location mapTo view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/3169/30038_a1509344045136_51.jpgBoth the Alkali and Coyote properties occur along the same structural trend that hosts the Carlin-type gold deposits, owned by Barrick Gold Corp and Newmont Mining Corp, and include the Carlin, Goldstrike, Meikle, Bootstrap, Dee and Rossi mines, which lie to the south east of Fremont's ground. Barrick's Goldstrike complex produced 1.1Moz in 2016 and Newmont's North and South Carlin complexes produced a total of 0.94Moz in 20161. The nearest currently producing mine is Barrick Gold Corp and Premier Gold Mines Ltd's, South Arturo, four km south of the Rossi mine which has a reserve of 0.4M oz of gold at 5.6 g/t gold4. The Alkali claim block oc...