Fremont to Drill North Carlin Project; Webinar October 8
Fremont to Drill North Carlin Project; Webinar
October 8
Vancouver, 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 km
2
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 1960s
1
; Nevada Gold Mines' Carlin Complex hosts 30 million
ounces of gold in the measured and indicated category
2
.
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
gold
3
, and 12 km north of Nevada Gold Mines' Goldstrike mine, which hosts 11.1 million ounces
gold in the measured and indicated category
2
. 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, gravity and
geomagnetic surveys, and the projection of key faults that control gold mineralization in the Carlin Trend
(see Figure 2). In addition, the axis of the Carlin Trend gravity high cuts directly through North Carlin (see
Figure 3). Fremont is permitting ten drill sites at North Carlin and plans to drill a minimum of 1,500
metres in a reverse circulation program. The Company anticipates that drilling will be begin later this fall.
Figure 1: The Carlin Trend
To view an enhanced version of Figure 1, please visit:
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Figure 2: Carlin Trend faults
To view an enhanced version of Figure 2, please visit:
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Figure 3: Carlin Trend gravity high
To view an enhanced version of Figure 3, please visit:
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North Carlin drill targets
There are two types of targets at Alkali: a Carlin-type deposit in the southwest and a low-sulfidation
epithermal vein deposit in the northeast. The Carlin-type target is based on favorable soil geochemistry
and projected Carlin Trend faults. The low-sulfidation epithermal vein target is associated with a possible
intrusive body and significant soil geochemical anomalies. The geochemical anomalies occur on the
flank of the possible intrusive body near the intersection of a projected Carlin Trend fault and a northeast-
trending fault.
At Coyote and Rossi, the target is a Carlin-type deposit in lower plate units. The same type of unit that
hosts gold mineralization a few kilometres to the south in the Devonian Rodeo Creek Formation, the
Devonian Popovich Formation and the Silurian Roberts Mountains Formation.
North Carlin - Alkali
Alkali is located at the intersection of projected Carlin Trend faults and the Alkali NE fault, a northeast-
trending structural corridor that hosts Hollister to the southwest and Tuscarora and Jarbidge to the
northeast. The Alkali NE fault cuts through a 1,500 metre by 2,000 metre magnetic high and coincident
gold and mercury soil anomalies that occur on the eastern flank of the magnetic high (see Figure 4).
Together, the data suggests the presence of gold mineralization beneath alluvial cover.
Figure 4: Alkali claim block
To view an enhanced version of Figure 4, please visit:
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The magnetic high at Alkali may indicate an intrusive body at depth. Magnetic highs representing
intrusive bodies coincident with Carlin-type deposits can be found at Gold Standard Venture Corp.'s
Railroad-Pinion project at the southern end of the Carlin Trend. They are also known to be associated
with epithermal vein deposits at Hollister and Tuscarora.
North Carlin - Coyote
Coyote is located at the intersection of projected Carlin Trend faults and the Coyote NE Fault. Surface
geology is upper-plate Ordovician Vining Formation, which is likely underlain by the Roberts Mountain
thrust and lower plate Paleozoic carbonate rocks - common hosts of Carlin deposits.
Figure 5: Coyote claim block
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Fremont has identified broad areas of chalcedonic breccias and siliceous alteration on surface at
Coyote, frequently associated with concealed gold mineralization in the Carlin Trend, and sampling has
defined a large arsenic-in-soil anomaly. Arsenic is the most important pathfinder for gold in Carlin-style
deposits.
Webinar
Fremont will be hosting a webinar on Thursday, October 8, at 11am EDT to discuss its exploration plans
for North Carlin. Please click on the link below to register for the webinar.
https://attendee.gotowebinar.com/register/3884393571498431760?source=co
1
Muntean, J.L. 2016. Nevada Bureau of Mines and Geology Special Publication MI-2014
2
Carlin Complex Technical Report (March 2020)
3
Premier Gold Mines Limited news release dated September 21, 2020
Qualified person
The content of this news release was reviewed by Dennis Moore, Fremont's President, a P.G. and 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. The Company's flagship project is the past-producing
Griffon gold project, located at the southern end of the Cortez Trend. Fremont's other projects include
Cobb Creek, North Carlin, and Hurricane.
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
CEO
Fremont Gold Ltd.
For further information, contact:
Corporate Information
Fremont Gold Ltd.
Blaine Monaghan, CEO
Telephone:
+1 604-676-5664
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/
Investor Inquiries
G2 Consultants Corp.
Telephone: +1 778-678-9050
Email:
Neither the 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.
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
statements and information regarding possible events, conditions or results of operations that are
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 North
Carlin's potential for a Carlin deposit discovery and a fall drill program at North Carlin. Such forward-
looking statements are based on a number of material factors and assumptions and involve known
and unknown risks, uncertainties and other factors which may cause actual results, performance or
achievements, or industry results, to differ materially from those anticipated in such forward-looking
information. You are cautioned not to place undue reliance on forward-looking statements contained
in this press release. Actual results and future events could differ materially from those anticipated in
such statements. Fremont undertakes no obligation to update or revise any forward-looking
statements included in this press release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
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