Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced in a news release it completed the phase 1 drill program at its past producing Griffon gold project in Nevada's Cortez Trend.
In this first segment of the campaign, the Vancouver, British Columbia-based mining company drilled a total of nine holes over 2,275 meters (2.275m).
The company noted that "the phase I drill program tested a number of targets, including gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the Blackrock fault."
Assays for the first three holes have been released. Of that trio, hole GF-20-3 intersected a "significant interval of near-surface oxide gold mineralization: 50.3m of 1.05 grams per ton gold starting at 29m."
"We eagerly await the results from holes four through nine," CEO Blaine Monaghan said in the release. "I'm confident that the results will demonstrate the potential for additional Carlin-type deposits at Griffon and set the stage for an expanded phase 2 drill program."
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