Fremont GOLD Commences Drilling at GOLD BAR and GOLD Canyon Projects, Nevada
FREMONT GOLD COMMENCES DRILLING AT GOLD BAR
AND GOLD CANYON PROJECTS, NEVADA
Vancouver, British Columbia – May 9, 2018 – Fremont Gold Ltd. ( TSX.V: FRE; FSE: FR2;
OTC: USTDF;) (“Fremont” or the “Company”) is pleased to announce that it has commenced
a five-hole drill prog ram totalling a minimum 1000m at Gold Bar and Gold Canyon in northern
Nevada (see Fremont news release dated March 5, 2018).
Drilling commenced this past week at the form er Gold Bar mine. Hole 1 is targeted on
the historical Millsite deposit 1 and is intended to infill a previously un-drilled part of the
deposit
Hole 2, also at Gold Bar mine, will target suspected mineralization that may occur
beyond the southeast wall of the historical pit
Holes 3 and 4 (labeled GCR-1 &2 on the imag e) will be drilled at Gold Canyon, just
beyond the NE end of the Gold Canyon pit, wh ere an historical dr ill hole encountered
18.3m @3.48 g/t Au1. These holes will target the strike extent of an important northeast-
trending controlling structure observed in the pit
Hole 5 (GCR-3) will be drilled west of the Gold Canyon pit where historical drilling
suggests a different mineralized zone at depth that is separa te and stratigraphically lower
than the material previously mined in the ope n pit. An additional hole/more meters may
be drilled at Gold Canyon depending on efficiency of the drilling and cost
The program is expected to last four to five weeks and initial resu lts should be available
by late June
Background
The Gold Bar and Gold Canyon properties are both former mines in the Gold Bar District in
Eureka County, Nevada, an active mining area in the Roberts Mountains within the Battle
Mountain-Eureka Trend. The district contains several Carlin-style sediment-hosted gold deposits
including McEwen Mining Inc.’s (“McEwen”) Gold Bar project, which is scheduled to produce
62,800 oz/annum at $770/oz starting in early 20192.
Fremont’s Gold Bar and Gold Canyon projects ar e adjacent to and surrounded by (respectively)
McEwen’s Gold Bar development project. While McEwen’s development project and Fremont’s
property share the same name, th e historic Gold Bar mine is held by Fremont and produced
286,354 ounces of gold from 1986 to 1994 3. Fremont’s Gold Bar property comprises 4,150
hectares, hosts the historical mine and is 5 kms southwest of McEwen ’s project. It also contains
an historical resource of 147,000 ounces @ 2.57 g/t Au, called the Millsite deposit4 (see Fremont
press release dated September 12, 2017) thought to be a faulted off-set of the former Gold Bar
ore body located on the northwest side of the old pit.
Clay Newton, Fremont’s VP of states, “At both Gold Bar and Gold Canyon we have substantial
opportunities to confirm and e xpand existing zones of mineralization, as well as target
structurally prospective areas that we suspect host mineralization. For example, at Gold Canyon,
a lower, mineralized zone is evident in the hist orical drill data, but surprisingly was not followed
up, or noted in subsequent reports.
In the medium term, we will attempt to upgrade th is zone to a resource, as well as test the
Northwest Gold Ridge and French Trail targets which are located northeast and north of the Gold
Canyon pit respectively. Numerous targets w ithin the Gold Canyon pr operty are untested or
have been only partially tested; which in addition to the historical resource at Gold Bar gives us a
very good start on building a significant resource base.”
Gold Canyon Location Map
M.C. Newton, the Company's Vice President of E xploration, and a Qualified Person as defined
in NI 43-101, has reviewed and approved the technical information in this press release.
On behalf of the Board of Directors,
“Dennis Moore”
President and CEO
Telephone: 778-772-9892 or 604-676-5660
Email: [email protected] or [email protected]
www.fremontgold.net
About Fremont Gold Ltd.
Fremont holds exclusive rights to the Gold Bar-Gold Canyon and Hurricane Projects, located
respectively in Eureka County and Lander County, Nevada. Fremont also holds rights to the
Goldrun Project in the Adelaide mining district, Humboldt County, Nevada and the North Carlin
Project in Elko County. The Company’s strategy is to conduct exploration on its existing projects
using the collective explorati on expertise of the management team. Further information
regarding the Gold Bar, Gold Canyon, Hurricane, Goldrun and North Carlin Projects are
available at www.sedar.com.
1 Atlas Corporation, Gold Bar Review, January 1997
23McEwen Mining website: www.mcewenmining.com
3Internal report, Atlas Precious Metals, Mines, Dec 13, 1995, prepared by Pincock, Allen & Holt,
4 Atlas-Granges Joint Venture, 1996, Year End Report, private company report, 17p
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-look ing information" that is based on the Company’s current exp ectations, estimates,
forecasts, and projections. This forward-looking information in cludes, among other things, stat ements with respect to the
Company’s proposed use of proceeds. The word “intends” or other similar words and phrases are intended to identify forward-
looking information. There is no guarantee that the Co mpany’s planned drill program will proceed as stated. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results,
level of activity, performance, or achievements to be materially different fr om those expressed or im plied by such forward-
looking information.