Fremont Stakes More Ground at Cobb Creek Gold Project - Increases Property Area by 30% Commences Maiden Exploration Program at Cobb
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. - 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 deposit
1
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 deposit
Cobb Creek Project
Cobb 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 Program
Fremont 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
sampling program across the entire property.
The soil survey will add to previous soil sampling results
and will include multi-element trace element analyses as well as gold.
The fourth phase will be a drilling
program based on results of the first three phases.
Figure 1: Cobb Creek gold project location
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3169/93348_8e9b811714a4abb3_002full.jpg
Dr. Clay Newton, Fremont's VP of exploration states, "The 2004 43-101 report on Cobb Creek repeats
the older interpretation that the gold mineralization is orogenic, but suggests the possibility that it may be
Tertiary Carlin-type.
Earlier workers have not recognized, or least not commented on the strong
epithermal alteration on the property.
My leaning is that Cobb Creek is similar to the Wood Gulch-Gravel
Creek couplet 12 km to the south, where within about 2 km of each other, there are both a Carlin-type
gold deposit and a Miocene epithermal low-sulfidation gold-silver deposit.
Cobb Creek has a good
chance of also having both deposit types, perhaps in an overprinting relationship. There is also a
possibility that the 160,000 ounce gold resource in the Vinini Fm may be the upper part of a Carlin-type
system, with better things to come below in the Lower Plate Van Duzer carbonate unit."
Figure 2: Structural interpretation and mineralized targets Cobb Creek area
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3169/93348_8e9b811714a4abb3_003full.jpg
Dr Newton continues, "Figure 2 is a regional view to show the relationship of the projected Gravel Creek
epithermal corridor to the McCall resource.
The epithermal corridor has been traced along the edge of a
structural corridor from the 1.4 million ounce gold Gravel Creek epithermal deposit 12 km north, to the
Cobb Creek North area that has just been staked. The relationship of the 160,000 ounce gold McCall
resource southwest of the Cobb Creek North target is analogous to the relationship between the Carlin-
type Wood Gulch deposit and Gravel Creek. Both Wood Gulch and Doby George are Carlin-type
deposits in upper-plate clastic rocks.
The McCall deposit may be the top of a larger Carlin-type system
in the underlying lower-plate Van Duzer Limestone. Add to this the possibility of an adjacent and possibly
overprinting Miocene epithermal precious metal deposit."
Qualified person
The content of this news release was reviewed by Dennis Moore, Fremont's President & CEO, a
qualified person as defined by National Instrument 43-101.
About Fremont
Fremont's mine-finding management team has assembled a portfolio of high-quality Nevada gold
projects with the goal of making a new discovery. Fremont's other projects include Griffon, North Carlin,
and Hurricane.
On behalf of the Board of Directors,
Dennis Moore
President & CEO
Fremont Gold Ltd.
For further information, contact:
Corporate Information
Fremont Gold Ltd.
Dennis Moore
Telephone:
+1 801 9419207
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/
Email:
1
Pawlowski, M.R., 2004, Technical report on the Cobb Creek Property, McCall Area, Elko County,
Nevada.
2
Muntean, J.L., Davis, D.A., and Ayling, B., 2017, The Nevada Mineral Industry 2015, Special
Publication MI-2015, Nevada Bureau of Mines and Geology.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements
Certain statements and information contained in this press release constitute "forward-looking
statements" within the meaning of applicable U.S. securities laws and "forward-looking information"
within the meaning of applicable Canadian securities laws, which are referred to collectively as
"forward-looking statements". The United States Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for certain forward-looking statements. Forward-looking statements are
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based upon assumptions about future economic conditions and courses of action. All statements and
information other than statements of historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate",
"budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target",
"may", "could", "would", "might", "will", "hope", "will be", "expected" and similar words or phrases
(including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking statements in this and other press releases include but are not limited to the potential
for the discovery of a Carlin-type deposit, and the amount of metres and holes to be drilled. Such
forward-looking statements are based on a number of material factors and assumptions and involve
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