Fremont Gold Ltd. (TSXV:FRE) announced that it recently staked a 3,250-hectare land position on the northern part of Nevada’s Carlin Trend.
Fremont Gold Ltd. (TSXV:FRE) announced that it recently staked a 3,250-hectare land position on the northern part of Nevada’s Carlin Trend. The Carlin Trend is also home to properties owned by Barrick Gold Corp. (TSX:ABX,NYSE:ABX) and Newmont Mining Corp. (NYSE:NEM).
Highlights are as follows:
- Fremont has acquired two properties named Alkali (318 claims comprising 2664 ha) and Coyote (70 claims comprising 586 ha) along the NW extension of the Carlin trend, which has historic production of approximately 88M oz of gold2.
- The Coyote claim block is located 2 km north of the Rossi mine (Barrick/Meridian), which had a resource of 0.97Mt @ 16.46g/t gold in 20071. Rossi is the most northerly deposit currently known along the Carlin trend.
- The larger Alkali claim block is located NW of Coyote and is approximately 4km NE of the Hollister Mine of Klondex Mines Ltd, which has a measured and indicated resource of 0.43Mt @ 17.4g/t AuEq (gold equivalent) and an inferred resource of 0.18Mt @ 15.3g/t AuEq. There is evidence of a NE structural control at Hollister which extends through the Alkali claim block.
Dennis Moore, president and CEO of Fremont Gold, commented:
Our team in Nevada has done an excellent job in acquiring this strategically located land package on the northern extension of the Carlin trend which appears to have received very little previous exploration work. This is surprising given that the Carlin trend is one of the most prolific gold mining centers in the western hemisphere having produced 88 Moz of gold between 1965 and 2016.