The Hurricane project is in the Cortez Trend in Lander County, 3 km NW of Barrick’s Hilltop deposit, Nevada.
In 1986-87, Hurricane was explored by Pegasus Gold Corp. who conducted a program of trenching and shallow RC drilling. Nineteen of the thirty-five holes drilled by Pegasus intersected near-surface gold mineralization, including 16.8m at 2.86 g/t Au, 12.2m at 2.32 g/t Au, 15.2m at 1.65 g/t Au, and 3.1m at 6.91g/t Au. Hurricane was not subject to any meaningful exploration work until Fremont acquired it in 2017.
Recent trenching by Fremont (see news release dated January 11, 2018) returned a continuously mineralized 102m interval grading 0.56 g/t Au, including a slightly higher-grade zone of 63m @ 0.77 g/t Au. The most elevated results within the mineralized interval are 6m @ 1.61 g/t and 3m @ 4.03 g/t Au. The recent work program was carried out to confirm and validate historical Pegasus Gold surface results from 1986 which yielded 45.7m @ 1.2g/t Au. The recent results compare favorably with the previous Pegasus numbers, and increased the surface footprint of the gold-mineralized zone.
The recent work enlarges the mineralized area at surface that was previously identified by Pegasus, and mapping reveals that the better grades are centered around a low angle fault that may be a conduit for mineralizing fluids. This fault is possibly the structure associated with the gold mineralized zones intersected in the historic Pegasus RC drill holes. Down-dip projections of this fault may host unrecognized gold-mineralized zones and could also be a vector to a feeder structure. The zone remains open to both the southeast and northwest and at depth.