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Fremont Intersects Thick, Near-Surface Oxide Gold Mineralization at Griffon Gold Project; Phase 1 Drill Program Continues
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2020) - Fremont Gold Ltd. (TSXV: ...
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[{"type":"text","content":"Fremont Intersects Thick, Near-Surface Oxide Gold Mineralization at Griffon Gold Project; Phase 1 Drill Program ContinuesVancouver, British Columbia--(Newsfile Corp. - July 21, 2020) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) (\"Fremont\" or the \"Company\") is pleased to announce that the Company has received assay results from the first three drill holes completed at the past producing Griffon gold project, located at the southern end of the Cortez Trend, Nevada (see Figure 1).Drill hole GF-20-3 intersected a significant interval of near-surface oxide gold mineralization: 50.3 metres of 1.05 grams/tonne (\"g/t\") gold starting at 29 metres.\"I'm very pleased with the results from the first three drill holes to be completed at Griffon since the late 1990s\" said Blaine Monaghan, CEO of Fremont. \"Drill hole GF-20-3 met and exceeded our expectations. Thick, near surface, and oxidized, drill hole GF-20-3 reinforces our belief that Griffon holds tremendous opportunity for the discovery of a new Carlin-type deposit. I look forward to reporting the next set of drill results to investors.\"Drillers are currently on drill hole GF-20-8. The 10-hole, 2,000-metre reverse circulation drill program is expected to be completed by the end of July. The Phase 1 drill program will test a number of targets, including gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the Blackrock fault. A description of the first three drill holes completed at Griffon can be found below.Drill hole GF-20-1: A vertical drill hole drilled to a depth of 165 metres. GF-20-1 did not return anomalous gold values (see Figure 2 for the location of drill holes).Drill hole GF-20-2: A 45-degree angle drill hole drilled to a depth of 170 metres. GF-20-2 intersected 30 metres of 0.30 g/t gold, including 8 metres of 0.71 g/t gold, starting at 15 metres in jasperoidal decalcified Lower Joana Limestone.Drill hole GF-20-3: A vertical drill hole drilled to a depth of 280 metres. GF-20-3 intersected 50.3 metres of 1.05 g/t gold starting at 29 metres in interbedded thin-bedded limestone and brown decalcified shale of the Upper Joana Limestone (see Table 1 for the analytical results). Located in an area of historically identified mineralization, southwest of...