Business
Fremont Stakes More Ground at Cobb Creek Gold Project - Increases Property Area by 30%
Commences Maiden Exploration Program at Cobb Vancouver, British Columbia--(Newsfile Corp. - A...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"Fremont Stakes More Ground at Cobb Creek Gold Project - Increases Property Area by 30%Commences Maiden Exploration Program at CobbVancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) (\"Fremont\" or the \"Company\") is pleased to provide an update regarding exploration at the company's Cobb Creek project in Elko County Nevada.Highlights are as follows;The Company has staked an additional 89 federal lode claims on the northern and eastern sides of the Cobb Creek project increasing the size of the property area by approximately 30%The Cobb Creek project occurs at the northern end of the Independence trend, one of the most important gold belts in northern Nevada and contains a non-N43-101 compliant, historic resource of 160,000 ounces gold, named the McCall deposit1 Concurrently the company has commenced its' maiden exploration program at Cobb, comprising geological mapping, rock chip sampling, a new systematic soil geochemical survey and a ground magnetic survey The program is designed to discover new deposits in previously untested areas as well as expand the known mineralization at the McCall depositCobb Creek ProjectCobb Creek is located directly on the Independence Trend which hosts the Jerritt Canyon and Big Springs mines, as well as the recently discovered Gravel Creek deposit (unclassified mineral inventory of 1.4M ounces Au and 21M ounces Ag)2. The property is 12 km northwest of the Gravel Creek-Wood Gulch couplet, a low-sulfidation epithermal deposit and carlin-style gold deposit, respectively.Traditionally classified as a \"mesothermal/orogenic\" style gold deposit, Fremont management believe that siliceous vein and outcrop textures observed at Cobb support a Carlin or epithermal-style genesis.Cobb Creek has not been drilled since 1992 and the vast majority of the historical drilling (over 140 drill holes) were shallow. Some of the better drill results include drill hole COBRC-3, which returned 15.3 metres of 2.86 g/t gold (from 13.7 metres to 29.0 metres), and COBRC-84, which returned 33.5 metres of 1.92 g/t gold.Planned Exploration ProgramFremont Gold has started a four-phase exploration program at Cobb Creek. The first three phases are geologic mapping, rock chip sampling, a detailed ground magnetic survey and a comprehensive soil samp...