Business
Fremont Gold Provides an Overview of 2019 and Its Plans for 2020
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2020) - Fremont Gold Ltd. (TSXV: ...
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[{"type":"text","content":"Fremont Gold Provides an Overview of 2019 and Its Plans for 2020Vancouver, British Columbia--(Newsfile Corp. - January 6, 2020) - Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) (\"Fremont\" or the \"Company\") is pleased to provide shareholders with an overview of 2019 and the Company's plans for 2020.Fremont made the following announcements at the end of 2018 and in 2019:Closed an oversubscribed financing to drill the Gold Bar project (see news release dated December 6, 2018);Appointed Douglas Hurst to the Advisory Board (see news release dated December 11, 2018);Commenced drilling at the Gold Bar project (see news release dated February 6, 2019);Appointed Andy Wallace to the Advisory Board (see news release dated July 23, 2019);Sold the Company's rights and interests in the Gold Canyon project to McEwen Mining Inc. (see news release dated August 16, 2019);Entered into a purchase option agreement with Clover Nevada II, LLC, a wholly owned subsidiary of Contact Gold Corp., to acquire a 100% interest in the Cobb Creek gold project (see news release dated September 30, 2019); and Entered into a purchase option agreement with Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., to acquire a 100% interest in the Griffon gold project (see news release dated December 18, 2019);\"2019 was a year of transition for Fremont,\" said Blaine Monaghan, CEO of Fremont. \"Following disappointing drill results from the Gold Bar project, the Company made the strategic decision to exit the Gold Bar camp and monetize any related projects, which was accomplished by the sale of Gold Canyon to McEwen Mining Inc. This prompted a search for new gold projects to augment its remaining property portfolio. The Company's search criteria focused on advanced-stage gold projects with the potential to host an economic deposit with a minimum of 1.0 million ounces of gold in the Western United States. Fremont looked at dozens of gold projects and conducted numerous site visits. Cobb was the first acquisition meeting the Company's search criteria and Griffon was the second. Both properties were acquired in the latter part of 2019.By adding Cobb and Griffon to its existing property portfolio, which includes the highly prospective North Carlin project, Fremont has built an exceptional portfolio of brownfield and greenfield gold projects...