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Be the first with the news that moves the market- Fremont Gold (FRE) has revealed the extent of exploration work that has been conducted on its Griffon Gold Project in Nevada
- The company completed three the 10 scheduled drilling holes, totalling 615 metres
- The company has sent the drill cores off for a rush assay, and expects the results to come back within the next two weeks
- Fremont has another seven drill holes planned, for a total drilling program of 2,000 metres
- Fremont Gold (FRE) is up eight per cent and is trading at C$0.13 per share
Fremont Gold (TSXV:FRE) has revealed the extent of exploration work that has been conducted on its Griffon Gold Project in Nevada.
Fremont completed three drill holes that total 615 metres of work, before the drillers took a break on July 4.
The company sent the cores off for an immediate rush analysis and expects these results to return within the next two weeks.
There remains seven holes scheduled for drilling at Griffon, for a total drilling program of 2,000 metres, which should be completed by the end of this month.
The Griffon Gold property is host to two formerly working open pit mines, and sits at the end to the Cortez Trend, one of the world’s most prolific gold trends.
The first completed hole sunk 165 metres between the Discovery Pit on the project and a historic drill that encountered mineralization.
The second drill hole was sunk to 170 metres down into an area with promising soil and rock chip anomalies and where historic drilling had already intersected gold mineralization.
The final hole sunk 280 metres directly down, in an area of unmined mineralization just south of the site’s Hammer Ridge pit.
Fremont’s CEO Blaine Monaghan said that this drilling work was the first to be conducted on the Griffon property since the 1990’s.
“Further, most of the historic drill holes were concentrated around the two pit areas and did not exceed 100 metres in depth.
“Fremont believes that the results of the Phase Onw drill program will demonstrate Griffon’s potential to host one of more large gold systems,” he said.
Fremont Gold (FRE) is up eight per cent and is trading at C$0.13 per share.
