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TICKERS: FRE; FRERF; FR2

Fremont Awaiting Drill Results at Griffon Gold Mine
Contributed Opinion

Source:

Bob Moriarty Bob Moriarty of 321gold discusses a junior that is exploring a past-producing gold mine in Nevada.

Alta Gold went bankrupt in April of 1999 due to low gold prices. They had an existing gold producing mine near Ely in Nevada they called the Griffon Mine. Nevada Clean Magnesium Inc. picked up the project almost twenty years ago but didn't move it forward and sold it to Pilot Gold. Pilot changed their name to Liberty Gold.

Liberty entered into an option agreement with Fremont Gold on Griffon in December of 2019. The agreement calls for Fremont to pay $325,000 over four years and to issue 9.9% of their shares to Liberty in exchange for a 100% ownership in Griffon.

Fremont Gold Ltd. (FRE:TSX.V;FRERF:OTCQB;FR2:FSE) began a ten-hole drill program at Griffon in late June. They have completed three holes and those were sent off for a rush assay. Jamie Robinson, the former VP Exploration for Alta who discovered the Hammer Ridge deposit at Griffon, has been a technical advisor to Fremont for the drill program. If anyone knows where the gold is at Griffon, it should be him.

In May the company staked an additional 90 claims at Griffon to double the project area. That's about 15 square kilometers.

The drill results will be out soon, a week to ten days. At $0.15 the company has a market cap of about $12 million with around $1 million in the bank. That seems fairly priced to me so it will take good drill results to move the shares. But the company is young and aggressive. They have enough cash on hand to get cranking and the market will judge them on results.

Fremont is an advertiser and I participated in the last private placement. Do your own due diligence.

Fremont Gold
FRE-V $0.15 (Jul 17, 2020)
FRERF-OTCBB 81.4 million shares
Fremont Gold website

Bob Moriarty
President: 321gold
Archives
321gold

Note: An earlier version of this article incorrectly identified Nevada Clean Magnesium as Nevada Sunrise.

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Fremont Gold. Fremont Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: Fremont Gold and Liberty Gold. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.




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