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Fremont to Drill North Carlin Project; Webinar October 8
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - Fremont Gold Ltd. (TSXV: FR...
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[{"type":"text","content":"Fremont to Drill North Carlin Project; Webinar October 8Vancouver, British Columbia--(Newsfile Corp. - October 7, 2020) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) (\"Fremont\" or the \"Company\") is pleased to announce that the Company plans to drill the North Carlin gold project (\"North Carlin\" or the \"Project\"), located at the northern end of the prolific Carlin Trend, Nevada (see Figure 1). Highlights:Over 42 km2 in size, North Carlin is a large, underexplored gold project located at the northern end of the Carlin Trend.The Carlin Trend is one of the richest gold mining districts in the world having produced over 84 million ounces of gold since the early 1960s1; Nevada Gold Mines' Carlin Complex hosts 30 million ounces of gold in the measured and indicated category2.The Project is approximately 6 km north of and on-strike of Nevada Gold Mines/Premier Gold Mines' South Arturo mine, where recent drilling intersected 39.6 metres of 17.11 grams per tonne gold3, and 12 km north of Nevada Gold Mines' Goldstrike mine, which hosts 11.1 million ounces gold in the measured and indicated category2. The western edge of North Carlin is approximately 6 km east of Hecla Mining Company's Hollister mine.Situated in the right geological setting for the discovery of a major gold deposit, Fremont has developed several drill targets based on soil geochemistry, gravity and geomagnetic surveys, and the projection of key faults that control gold mineralization in the Carlin Trend.The Company is permitting ten drill sites at North Carlin and plans to drill a minimum of 1,500 metres in a reverse circulation program commencing later this fall.Fremont will be hosting a webinar on Thursday, October 8, at 11am EDT to discuss its exploration plans for North Carlin.\"We are very excited to start drilling North Carlin,\" said Blaine Monaghan, CEO of Fremont Gold. \"In terms of periodicity and alignment, the Project is strategically located at the northern end of the Carlin Trend. Based on North Carlin's geological setting and the exploration results to date, we believe that it holds excellent potential for the discovery of a new Carlin-type deposit.\"Fremont staked the claims comprising North Carlin (the Alkali, Coyote, and Rossi Claims) in 2017. Since then, the Company has developed several drill targets based on soil geochemistry, gravit...