Fremont Gold CEO Blaine Monaghan provides an update on the company’s 2018 exploration efforts in Nevada in this interview.
In the interview below, Monaghan also discussed the potential for discovery in Nevada’s Carlin trend and how the company’s upcoming drill programs could make Fremont Gold an attractive M&A (merger and acquisition) candidate.
Below is a transcript of our interview with Fremont Gold CEO Blaine Monaghan. It has been edited for clarity and brevity.
Investing News Network: Please give our investor audience an overview of Fremont Gold and its gold properties in Nevada.
Fremont Gold CEO Blaine Monaghan: Fremont Gold is primarily focused on acquiring advanced-stage gold exploration projects in Nevada, where we currently control six projects. Our holdings include the Gold Bar and Gold Canyon projects, which are adjacent to McEwen Mining’s (TSX:MUX,NYSE:MUX) Gold Bar project; North Carlin, an early-stage exploration project located at the northern end of the Carlin trend; and the Gold Run, Hurricane and Roberts Creek projects.
INN: Please give us an overview of 2018.
BM: 2018 was busy on the exploration and corporate front. On the exploration side, we drilled Gold Bar and Gold Canyon and conducted earlier-stage exploration work at North Carlin, Hurricane and Roberts Creek.
On the corporate front, I replaced Dennis Moore as CEO. However, he will remain with the company as president and will be focusing on what he does best: making new discoveries. We’ve also recently closed an oversubscribed financing, which will be used to drill Gold Bar and Gold Canyon in early 2019.
INN: What are the upcoming plans for the Gold Bar and Gold Canyon projects?
BM: We’ll be drilling at Gold Bar and Gold Canyon with the hope of finding an extension to the historic Gold Bar mine. The mine was located at Gold Bar and produced approximately 300,000 ounces of gold between 1986 and 1994. We’re also hoping to define additional unmined mineralized horizons to depth at Gold Canyon.
INN: Please tell us about the exploration activities you have conducted on the North Carlin project to date.
BM: North Carlin is an exciting earlier-stage exploration project located at the northern edge of the Carlin trend that has never been drilled. However, we plan to drill North Carlin later in 2019.
New discoveries in the Carlin trend are still happening and could provide rich returns for investors. For example, Gold Standard Ventures (TSX:GSV) made a brand-new gold discovery in 2012 and are now a $500 million market cap company.
INN: What is next for Fremont Gold and how does that fit into the company’s long-term plans?
BM: Our drilling at Gold Bar and Gold Canyon is a priority for us. If we’re able to find additional mineralization or an extension to the historic Gold Bar mine, we could become an attractive M&A candidate.
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