Fremont Announces Detailed Mapping and Additional Soil Geochemistry Results from Urasar Mineral District, Armenia
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has announced the results of detailed geological and structural mapping, along with an expanded geochemical soil survey at its Urasar Mineral District exploration permit in northern Armenia. Key findings include:
1. The Yellow River Area hosts high sulfidation alteration extending over 4 km, potentially overlying a porphyry copper system.
2. The Black River Area is identified as an epithermal precious metal system.
3. The Brick House Zone hosts gold and base metal soil anomalies, possibly an intermediate-sulfidation epithermal vein system.
4. An expanded geochemical soil survey collected 691 additional samples, bringing the total to 1,435 across the 15 km-long district.
5. Copper anomalies correlate with gold anomalies, exhibiting a coherent distribution across three distinct zones.
6. A newly identified eastern gold-base metal anomaly covers a 2.5 by 2 km area, presenting a fresh exploration target.
Fremont is preparing for a follow-up drill program to test priority targets, scheduled to commence in early October.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) ha annunciato i risultati di una dettagliata mappatura geologica e strutturale, insieme a un'estesa indagine geochimica del suolo nel suo permesso di esplorazione del Distretto Minerario Urasar nel nord dell'Armenia. I principali risultati includono:
1. L'Area del Fiume Giallo ospita un'alterazione ad alta sulfidazione che si estende per oltre 4 km, potenzialmente sovrastante un sistema di rame porfirico.
2. L'Area del Fiume Nero è identificata come un sistema di metalli preziosi epithermali.
3. La Zona della Casa di Mattoni presenta anomalie nel suolo di oro e metalli di base, possibilmente un sistema di vene epithermali a sulfidazione intermedia.
4. Un'indagine geochimica del suolo ampliata ha raccolto 691 campioni aggiuntivi, portando il totale a 1.435 lungo il distretto lungo 15 km.
5. Le anomalie di rame sono correlate con le anomalie d'oro, mostrando una distribuzione coerente in tre zone distinte.
6. Un'ultima anomalie identificata di oro e metalli di base a est copre un'area di 2,5 per 2 km, presentando un nuovo obiettivo di esplorazione.
Fremont sta preparando un programma di perforazione di follow-up per testare i target prioritari, previsto per iniziare all'inizio di ottobre.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) ha anunciado los resultados de un mapeo geológico y estructural detallado, junto con una encuesta ampliada de suelos geoquímicos en su permiso de exploración del Distrito Mineral Urasar en el norte de Armenia. Los hallazgos clave incluyen:
1. El Área del Río Amarillo alberga una alteración de alta sulfidación que se extiende por más de 4 km, potencialmente sobre un sistema de cobre porfirítico.
2. El Área del Río Negro se identifica como un sistema de metales preciosos epitermais.
3. La Zona de la Casa de Ladrillos presenta anomalías en el suelo de oro y metales básicos, posiblemente un sistema de venas epitermais de sulfidación intermedia.
4. Una encuesta geológica ampliada recolectó 691 muestras adicionales, llevando el total a 1.435 a lo largo del distrito de 15 km.
5. Las anomalías de cobre correlacionan con las anomalías de oro, mostrando una distribución coherente en tres zonas distintas.
6. Una nueva anomalía de oro y metales básicos identificada al este cubre un área de 2,5 por 2 km, presentando un nuevo objetivo de exploración.
Fremont se está preparando para un programa de perforación de seguimiento para probar los objetivos prioritarios, programado para comenzar a principios de octubre.
프리몬트 골드 (TSXV: FRE) (OTCQB: FRERF)는 아르메니아 북부의 우라사르 광물구역 탐사 허가에서 상세한 지질 및 구조적 조사 결과와 확장된 지리 화학적 토양 조사를 발표했습니다. 주요 발견 내용은 다음과 같습니다:
1. 옐로우 리버 지역은 4km 이상에 걸쳐 고황산화 변화를 수용하고 있으며, 잠재적으로 구리 포르피리 시스템 위에 있습니다.
2. 블랙 리버 지역은 에피터말 귀금속 시스템으로 알려져 있습니다.
3. 브릭 하우스 존은 금과 기초 금속 토양 이상을 가지고 있으며, 가능성 있는 중간 황화 에피터말 광맥 시스템입니다.
4. 확장된 지리 화학적 토양 조사로 691개의 추가 샘플이 수집되어, 총 1,435개로 15km 길이의 지역에서 추가되었습니다.
5. 구리 이상은 금 이상과 연관되며, 세 개의 뚜렷한 지역에 걸쳐 일관된 분포를 보입니다.
6. 새로 식별된 동쪽 금-기초 금속 이상은 2.5 x 2km 지역을 덮고 있으며, 새로운 탐사 목표로 제시됩니다.
프리몬트는 우선 대상 테스트를 위한 후속 굴착 프로그램을 준비 중이며, 10월 초에 시작할 예정입니다.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) a annoncé les résultats d'une cartographie géologique et structurelle détaillée, ainsi qu'une étude de sol géochimique élargie dans son permis d'exploration du district minier d'Urasar dans le nord de l'Arménie. Les résultats clés incluent:
1. La zone de la rivière jaune présente une altération à forte sulfidation s'étendant sur plus de 4 km, potentiellement au-dessus d'un système de cuivre porphyrique.
2. La zone de la rivière noire est identifiée comme un système de métaux précieux épithermaux.
3. La zone de la maison de briques présente des anomalies du sol en or et en métaux de base, pouvant être un système de veines épithermales à sulfidation intermédiaire.
4. Une étude de sol géochimique élargie a collecté 691 échantillons supplémentaires, portant le total à 1.435 dans le district s'étendant sur 15 km.
5. Les anomalies de cuivre sont corrélées avec les anomalies d'or, montrant une distribution cohérente sur trois zones distinctes.
6. Une nouvelle anomalie d'or et de métaux de base identifiée à l'est couvre une zone de 2,5 par 2 km, présentant un nouvel objectif d'exploration.
Fremont se prépare à un programme de forage de suivi pour tester les cibles prioritaires, qui devrait commencer début octobre.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) hat die Ergebnisse einer detaillierten geologischen und strukturellen Kartierung sowie einer erweiterten geochemischen Bodenuntersuchung in seiner Erkundungserlaubnis für das Urasar Mineral District im Norden Armeniens bekannt gegeben. Wesentliche Ergebnisse umfassen:
1. Das Gelbe Flussgebiet weist eine hochsulfidische Veränderung auf, die sich über mehr als 4 km erstreckt und möglicherweise ein porphyrisches Kupfersystem überlagert.
2. Das Schwarze Flussgebiet wird als epithermales Edelmetallsystem identifiziert.
3. Die Backsteinhauszone weist Bodenanomalien für Gold und Basismetalle auf, möglicherweise ein intermediär-sulfidisches epithermales Gangsystem.
4. Eine erweiterte geochemische Bodenuntersuchung hat 691 weitere Proben gesammelt, wodurch die Gesamtzahl auf 1.435 in dem 15 km langen Gebiet erhöht wurde.
5. Kupferanomalien korrelieren mit Goldanomalien und zeigen eine kohärente Verteilung in drei verschiedenen Zonen.
6. Eine neu identifizierte östliche Gold-Basismetall-Anomalie erstreckt sich über ein Gebiet von 2,5 x 2 km und präsentiert ein frisches Explorationsziel.
Fremont bereitet ein Folgebohrprogramm vor, um vorrangige Ziele zu testen, das voraussichtlich Anfang Oktober beginnen wird.
- Expanded geochemical soil survey reveals larger mineralization system than previously thought
- Identification of multiple high-quality drill targets for both epithermal gold and porphyry copper-style mineralization
- Discovery of a new 2.5 by 2 km gold-base metal anomaly in the eastern portion of the license
- Correlation of copper and gold anomalies across three distinct zones, spanning over 5 km in the western zone
- Planned follow-up drill program to commence in October to test priority targets
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR2) ("Fremont" or the "Company) is pleased to announce the results of detailed geological and structural mapping, as well as an expanded geochemical soil survey at the Company's Urasar Mineral District exploration permit in northern Armenia. This work underscores a major expansion in both the geological understanding and the mineral potential of the area.
Figure 1. Copper soil geochemistry at Urasar
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Recent Mapping Observations
The Company engaged senior consulting geologist L.J. Karr to conduct detailed geological mapping and surface rock chip sampling in mineralized zones within the Urasar District. Mr. Karr stated, "The 2024 fieldwork reveals that the mineralized system is larger than previously believed -- and our work has identified numerous high-quality drill targets indicative of both epithermal gold and porphyry copper-style mineralization."
Key Findings from the Mapping Efforts Include:
- Yellow River Area: Hosts high sulfidation alteration extending over 4 km, characterized by vuggy silica, hydrothermally altered white clays, and mineralized veins. These features are consistent with an advanced argillic cap overlying a potential porphyry copper system. Alteration, geochemical, and magnetic data indicate the system's potential scale could be larger than initially thought. It includes the Copper Creek and Golden Vein prospects and hosts approximately 10 historic adits as well as a 1960 Soviet drill hole which bottomed in 25m @
1.67% Cu (see Company news release dated March 1, 2024). - Black River Area: Identified as an epithermal precious metal system (high-sulfidation style) associated with dacite intrusives. Geophysical data and geochemical results suggest additional mineralization potential along strike, offering further exploration opportunities.
- Brick House Zone: Located in the eastern part of the district, this area hosts gold and base metal soil anomalies as well as base metal sulfide mineralization observed in the creeks. It appears to be an intermediate-sulfidation epithermal vein system but the full the extent and characterization is yet to be determined. The ground mag data and particularly recent soil geochemistry results, indicate that this mineralized area could be much larger than previously assumed (See Figures 1 and 2).
Figure 2. Urasar ground mag data showing mineralized zones discussed in text
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Figure 3. Historic mineralized zones (yellow ovals) ̶ Yellow River on left, Black River center-east
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Expanded Urasar Geochemical Soil Survey
Fremont has completed an expanded geochemical soil survey, collecting 691 additional C-horizon soil samples from previously unsampled northern and eastern portions of the license, bringing the total to 1,435 samples across the 15 km-long district (see Figure 4). The survey was conducted on a 200m x 100m grid and analyzed for gold and 36 other metallic and pathfinder elements. Laboratory analysis was conducted by ALS Laboratories near Bucharest, Romania, using a 30g fire assay method for gold and standard ICP spectroscopy (Inductively Coupled Plasma) for all other elements. Quality assurance/quality control (QA/QC) comprised a mix of standards, duplicates and blanks inserted every 20 samples.
As seen in Figures 1 and 5, the copper anomalies generally correlate with the gold anomalies but exhibit a more coherent distribution across three distinct zones in the west, center, and east of the permit area. The most prominent copper-gold anomaly spans over 5 km in the western zone, an area of intense historic exploration with multiple collapsed adits and one historic drill hole (see Figures 1 and 3). Recent mapping has revealed mineralized veins and extensive advanced argillic alteration, indicating strong exploration potential.
In the far eastern portion of the license, the recent geochemical survey has significantly expanded the copper/base metal and gold anomalies revealed in the previous survey (Figure 1). The eastern gold-base metal anomaly covers a 2.5 by 2 km area, located just east of the Brick House mineralized zone. This newly identified zone, previously unexplored by Soviet or historic workers, presents a fresh, very prospective exploration target.
CEO comments
CEO Joel Sutherland remarked, "The Company has two properties in Armenia, Vardenis and Urasar that continue to surprise in terms of exceeding expectations. The recent results confirm our belief that Urasar is a district-scale, multi-target system with significant potential for both gold and copper porphyry mineralization. We are optimistic that we are on the verge of a major discovery."
Figure 4. 2024 soil geochemical sampling points (light blue); previous 2023 survey (dark blue)
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Figure 5. Gold in C-horizon soil samples at Urasar
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Historical Context and Exploration Outlook
The Urasar district was last explored by Soviet teams in the 1950s and 1960s, identifying three mineralized zones and four anomalous areas along a crustal-scale fault system that hosts other significant deposits in the country. This historic work was compiled in 2008 to calculate a non 43-101 compliant resource of over 850,000 ounces of gold in the C1, C2 and P* Russian resource categories[1] in two separate areas (see Company news release dated October 10, 2023). Fremont's work corroborates Soviet findings, while also indicating that the mineralization system is larger, extending across a 14 km-long structure.
Fremont is now preparing for a follow-up drill program to test the priority targets identified in the latest surveys. Drilling will commence in the beginning of October.
About Fremont Gold
The Company's mine-finding management team has a track record of creating shareholder value. Current exploration efforts are centered on two key properties: Urasar and Vardenis, both of which have shown encouraging results and significant potential for tier one mineral discoveries in the Central Tethyan Mineral Belt in Armenia. The Tethyan Belt is one of the world's most prolific gold, copper and polymetallic mineral belts, yet the Armenian portion of the belt is vastly underexplored.
Qualified person
The content of this news release was reviewed by Dennis Moore, Fremont's President, and interim Chairman, a qualified person as defined by National Instrument 43-101.
On behalf of the Board of Directors,
Joel Sutherland
CEO
For further information, contact:
joel@fremontgold.net
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking statements
This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding future exploration programs at Urasar. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law.
[1] A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or mineral reserve and Fremont is not treating the historical estimate as a current mineral resource or mineral reserve. The historic estimate cannot be relied on for the purpose of calculating an updated resource as most of the data was collected during the Soviet era over 60 years ago, and the exact location of the drill holes and drill core is unknown. *C1 and C2 are roughly equivalent to CIM's (Canadian Institute of Mining Metallurgy and Petroleum) "indicated" category, while P is roughly equivalent to CIM's "inferred" category.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224367
FAQ
What are the key findings from Fremont Gold's recent mapping at Urasar Mineral District?
How many additional soil samples did Fremont Gold (FRERF) collect in its expanded geochemical survey?
What is the size of the newly identified eastern gold-base metal anomaly at Fremont Gold's (FRERF) Urasar project?
When is Fremont Gold (FRERF) planning to start its follow-up drill program at Urasar?
