Business
Fremont to Drill Gold Canyon and North Carlin
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2019) - Fremont Gold Ltd. (TSXV: FRE)...
About this update from Hayasa Metals Inc.
[{"type":"text","content":"Fremont to Drill Gold Canyon and North CarlinVancouver, British Columbia--(Newsfile Corp. - April 4, 2019) - Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) (\"Fremont\" or the \"Company\") is pleased to announce its plans to drill the Gold Canyon project this spring and the North Carlin project this summer. Drilling at Gold Canyon, adjacent to McEwen Mining Inc.'s (\"McEwen\") Gold Bar project, will target several geochemical anomalies recently identified by Fremont (see news release dated December 18, 2018). Drilling at North Carlin, located at the northern end of the Carlin Trend, will target a coincident gold and mercury soil anomaly situated on the flank of a magnetic high (see news release dated October 11, 2018). About Gold CanyonFremont's Gold Canyon is a former gold mine in the Gold Bar district in Eureka County, Nevada, an active mining area within the Battle Mountain-Eureka Trend. Gold Canyon produced approximately 41,000 ounces gold from 1990-19941 and is less than ~1-km northwest of McEwen's Gold Ridge Pit, one of four deposits that comprise McEwen's Gold Bar project (see Figure 1). Rock chip samples taken by past operators defined the Northwest Gold Ridge and South French Trail targets. Based on the previous work, Fremont conducted a soil sampling program and identified three significant soil anomalies which the Company plans to drill test in May (see Figure 2). Exploration highlights: The anomalies occur in areas underlain by lower plate Upper Denay Limestone carbonate rocks and the Roberts Mountain thrust, both known to host gold deposits in the district. Geochemical sampling has defined coincident gold, arsenic, antimony, silver, mercury and thallium soil anomalies bordered by barium and copper anomalies. The largest anomaly, approximately 400 metres x 350 metres in size, is located southwest of the Northwest Gold Ridge target (see Figure 2). The anomaly patterns suggest the intersection of a NNW-SSE structure with the important NE-SW fault, which is known to have controlled gold mineralization at the Gold Canyon mine (see Figure 2). Figure 1: Location of Fremont's Gold Canyon ProjectTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/3169/43872_9495d4c464bae895_002full.jpgFigure 2: Gold, Arsenic, Barium and Copper Soil Anomalies Northeast and North of the Gold ...