CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Fremont Gold (TSXV: FRE) announced that it has just kickstarted a drilling campaign at the past-producing Griffon gold project, located at the southern end of the Cortez Trend in Nevada.
In a press release, the miner said the Cortez Trend is one of the most prolific gold trends in the world and is home to Nevada Gold Mines’ Cortez mine, which produced 963,000 ounces gold in 2019.
For this campaign, Fremont has been allowed to drill at 20 sites, 10 of which have been selected for drilling in a 2,000-metre Phase 1 drill program
For this campaign, Fremont has been allowed to drill at 20 sites, 10 of which have been selected for drilling in a 2,000-metre Phase 1 drill program.
According to the company, the 10 priority drill holes will test gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the jasperoid-bearing Blackrock fault.
“Griffon is an underexplored Carlin-type gold system that hasn’t been drilled since the 1990s,” Blaine Monaghan, Fremont’s CEO, said in the media brief.
“Most of the historic drill holes were concentrated around the two pit areas and did not exceed 100 metres in depth. Recent exploration has identified many prospective targets, which leads us to believe that Griffon has excellent potential to host one or more large gold systems.”
Located 75 kilometres southwest of Ely, the property hosts a past-producing gold mine. Mineralization is Carlin-type and is comparable to the mineralization found at several deposits at the Kinross Bald Mountain Mine complex, which is approximately 70 kilometres to the north and which produced 284 Koz of gold in 2018.
