Mr. Blaine Monaghan reports
DRILLING UNDERWAY AT FREMONT'S GOLD BAR PROJECT IN NEVADA
Fremont Gold Ltd. has begun a 1,000-metre reverse circulation drill program at the company's Gold Bar project located in the Gold Bar district, Eureka county, Nevada.
Gold Bar was exploited by Atlas Precious Metals Corp. from 1986 to 1994 and produced 286,354 ounces of gold. Soil sampling by Fremont has identified several geochemical anomalies to the southeast of the historic Gold Bar mine, in areas not previously drilled. Fremont plans to drill test several of these anomalies, which may represent an extension to the historic Gold Bar mine (see Oct. 30, 2018, news release).
Gold Bar and Gold Canyon projects
Fremont's Gold Bar and Gold Canyon projects are both former mines in the Gold Bar district, Eureka county, Nevada, an active mining district within the Battle Mountain-Eureka trend. The district contains several Carlin-style, sediment-hosted gold deposits, including McEwen Mining Inc.'s Gold Bar project, which is scheduled to begin production in Q1 2019.
Fremont's Gold Bar and Gold Canyon projects are adjacent (west) and immediately north of McEwen's Gold Bar project. While McEwen's project and Fremont's project share the same name, the historic Gold Bar mine is held by Fremont. McEwen's project comprises four of the five satellite pits to the historic Gold Bar mine, whereas Fremont controls the remaining satellite pit, Gold Canyon.
Fremont's Gold Bar project encompasses the historic Gold Bar mine, which produced 286,354 ounces of gold from 1986 to 1994, and the Millsite deposit, which hosts a historic resource of 147,000 ounces of gold (1.62 million tonnes of 2.57 grams per tonne gold). Millsite is believed to be a faulted offset of the historic Gold Bar mine and is located to the northwest of the open pit. Fremont recently completed a soil sampling program, based on a new structural interpretation, and identified coincident gold and mercury geochemical anomalies to the southeast of the historic Gold Bar mine. This new interpretation and data suggest that gold mineralization related to the historic Gold Bar mine may extend to the southeast.
Gold Canyon is adjacent to, and directly northwest of, McEwen's project, approximately 800 metres from McEwen's Gold Ridge deposit. Gold Canyon produced approximately 41,000 ounces of gold from 1990 to 1994 and a stockpile of previously mined ore still exists at the site.
About Fremont Gold Ltd.
Fremont's mine-finding management team has assembled a portfolio of high-quality gold projects in Nevada with the goal of making a new discovery. Fremont's Gold Bar and Gold Canyon are past-producing gold mines adjacent to McEwen Mining's Gold Bar project, where mine construction is under way. Other projects include Goldrun, Hurricane, North Carlin and Roberts Creek.
The content of this news release was reviewed by Dennis Moore, Fremont's president, a qualified person as defined by National Instrument 43-101.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.