Vancouver, British Columbia – March 26, 2020 – Fremont Gold Ltd. (FRE: TSX-V; FR2: FSE: USTDF: OTC) (“Fremont” or the “Company”) is pleased to announce that the Company has appointed Jamie Robinson, Ph.D., P.G., as a technical advisor for the Griffon gold project, located at the southern end of the Cortez Trend, Nevada.
From 1992 to 1997, Mr. Robinson was the exploration manager of Alta Gold Co. (“Alta”), the former operator of the Griffon mine, and is credited with the discovery of the Hammer Ridge deposit at Griffon. More recently, Jamie has provided geological consulting services to several exploration companies working in the same region as Griffon (the White Pine Range), including Contact Gold Corp., who is advancing the Green Springs gold project, and Elko Mining Group, who is advancing the Mt. Hamilton gold project.
“I’m very pleased that Jamie has agreed to serve as a technical advisor for Griffon,” said Blaine Monaghan, CEO of Fremont. “Mr. Robinson brings a huge wealth of knowledge regarding Griffon and the region to Fremont, which will prove invaluable as we finalize our exploration plans. With the addition of Jamie, we have assembled an impressive team, which includes Maury C. Newton, III, Ph.D., Fremont’s V.P. Exploration, and Andy Wallace, Ph.D., a member of Fremont’s advisory board, to create and execute our exploration plan.”
Mr. Robinson is a registered professional geologist in Utah, Idaho, and Arizona. Jamie completed a B.S. in geology at Ohio University, a M.S. in geology at the University of Southern California, and a Ph.D. in geology at Cornell University. In addition, Mr. Robinson has published numerous papers on gold projects in eastern Nevada, including one on the Griffon mine. Past producing gold mines in the White Pine Range include Griffon, Green Springs, Mt. Hamilton, and Illpah. Fiore Gold Ltd.’s Pan mine and Gold Rock project are in the same geologic setting just west of the White Pine Range.
Griffon gold project
Griffon is a past-producing gold mine located at the southern end of the Cortez Trend, approximately 75 km southwest of Ely, and is accessed via paved highway and Forest Service roads. Mineralization at Griffon is Carlin-type and is comparable to the mineralization found at several deposits at the Kinross Bald Mountain Mine complex, approximately 70 km to the north.
Griffon was first drilled in 1988 and a limited amount of shallow drilling (214 drill holes in total) focused on delineating the Discovery Ridge and Hammer Ridge deposits, leaving the remainder of the property essentially untested.
From 1997-1999, Alta produced gold from Discovery Ridge and Hammer Ridge in an oxide heap-leach operation. Alta reported a number of unmined drill intercepts to the southwest of Hammer Ridge, including drill hole GR97-175 which returned 57.9 metres at 0.86 g/t gold, and proposed expanding Hammer Ridge before operations ceased.
Griffon hosts numerous gravity, soil and stratigraphic targets. The Pilot Shale horizon - the primary gold host at Fiore Gold’s nearby Pan Mine - has not been adequately tested, and the Joana/Chainman transitional horizon, which hosts gold at Griffon, may be concealed underneath and within the Blackrock fault. Lastly, there is also potential in and around the pits, as demonstrated by drill hole GR97-175.
The fully funded drill program is expected to commence in June. Underexplored and last drilled in the 1990s, Griffon offers multiple opportunities for the discovery of a Carlin-type gold deposit.
The content of this news release was reviewed by Dennis Moore, Fremont’s President, a qualified person as defined by National Instrument 43-101.
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, Goldrun, and Hurricane.
On behalf of the Board of Directors,
Fremont Gold Ltd.
For further information, contact:
Fremont Gold Ltd.
Blaine Monaghan, CEO
Telephone: +1 604-676-5664
Telephone: +1 778-678-9050
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.
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 the potential for the discovery of a Carlin-type deposits and the anticipated start date of the drill program at Griffon. 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.