Fremont Defines Drill Targets at Urasar Copper-Gold Project in Armenia; Commences Drill Program
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) has commenced its maiden 1,600m drill program at the Urasar Copper-Gold Project in Armenia. The program, expected to be completed within 8 weeks, targets nine priority drill sites identified at the Copper Creek, Black River, and Brick House prospects. Fremont has contracted AT Group, a Yerevan-based drilling company, using an Atlas Copco CS14 drill rig capable of reaching depths up to 1,200 meters.
CEO Joel Sutherland expressed optimism about the program's potential to demonstrate that surface mineralization continues at depth. He believes Urasar could develop into a district-scale series of mineralized systems, with the possibility of discovering one or more tier-one epithermal gold and/or copper porphyry deposits. The company expects additional priority targets to emerge as results from recently-collected geochemical surface samples are processed.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) ha iniziato il suo primo programma di perforazione di 1.600 m presso il Progetto Rame-Oro Urasar in Armenia. Si prevede che il programma, che si completerà entro 8 settimane, miri a nove siti di perforazione prioritari identificati nei progetti Copper Creek, Black River e Brick House. Fremont ha contratto AT Group, un'azienda di perforazione con sede a Yerevan, utilizzando un impianto di perforazione Atlas Copco CS14 capace di raggiungere profondità fino a 1.200 metri.
Il CEO Joel Sutherland ha espresso ottimismo riguardo al potenziale del programma di dimostrare che la mineralizzazione superficiale continua in profondità. Crede che Urasar possa svilupparsi in una serie di sistemi mineralizzati su scala distrettuale, con la possibilità di scoprire uno o più depositi di oro e/o rame porfirico di livello uno. L’azienda si aspetta che emergano ulteriori obiettivi prioritari man mano che i risultati dei campioni geochimici superficiali recentemente raccolti vengono elaborati.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) ha comenzado su programa de perforación inaugural de 1,600 m en el Proyecto de Cobre-Oro Urasar en Armenia. Se espera que el programa, que se completará en 8 semanas, tenga como objetivo nueve sitios de perforación prioritarios identificados en los prospectos Copper Creek, Black River y Brick House. Fremont ha contratado a AT Group, una empresa de perforación con sede en Yerevan, utilizando un taladro Atlas Copco CS14 capaz de alcanzar profundidades de hasta 1,200 metros.
El CEO Joel Sutherland expresó optimismo sobre el potencial del programa para demostrar que la mineralización superficial continúa en profundidad. Cree que Urasar podría desarrollarse en una serie de sistemas mineralizados a escala distrital, con la posibilidad de descubrir uno o más depósitos epitermais de oro y/o pórfidos de cobre de nivel uno. La empresa espera que surjan más objetivos prioritarios a medida que se procesen los resultados de las muestras de superficie geochemical recientemente recolectadas.
프리몬트 골드 (TSXV: FRE) (OTCQB: FRERF)는 아르메니아의 우라사르 구리-금 프로젝트에서 1,600m 시추 프로그램을 시작했습니다. 이 프로그램은 8주 이내에 완료될 것으로 예상되며, Copper Creek, Black River 및 Brick House 탐사 지점에서 확인된 아홉 개의 우선 시추 사이트를 목표로 합니다. 프리몬트는 예레반에 본사를 둔 시추 회사인 AT Group과 계약을 체결하고, 최대 1,200m 깊이에 도달할 수 있는 아틀라스 코프코 CS14 시추 장비를 사용하고 있습니다.
CEO 조엘 서덜랜드는 프로그램이 표면의 광물화가 깊이에서도 지속됨을 보여줄 수 있는 잠재력에 대해 낙관적인 태도를 보였습니다. 그는 우라사가 지역 규모의 광물화 시스템 시리즈로 발전할 수 있을 것이며, 하나 이상의 일급 에피터말 금 또는 구리 포르피리 광상이 발견될 가능성이 있다고 믿고 있습니다. 회사는 최근에 수집된 지화학적 표면 샘플의 결과가 처리됨에 따라 추가적인 우선 목표가 나타날 것으로 예상하고 있습니다.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) a entamé son premier programme de forage de 1.600 m au projet de cuivre-or Urasar en Arménie. Le programme, qui devrait être achevé dans 8 semaines, vise neuf sites de forage prioritaires identifiés dans les projets Copper Creek, Black River et Brick House. Fremont a engagé AT Group, une entreprise de forage basée à Yerevan, en utilisant une foreuse Atlas Copco CS14 capable d'atteindre des profondeurs allant jusqu'à 1.200 mètres.
Le PDG Joel Sutherland a exprimé son optimisme quant au potentiel du programme de démontrer que la minéralisation de surface se poursuit en profondeur. Il croit qu'Urasar pourrait se développer en une série de systèmes minéralisés à l'échelle du district, avec la possibilité de découvrir un ou plusieurs dépôts de cuivre et/ou d'or épithermaux de premier ordre. La société s'attend à ce que d'autres cibles prioritaires émergent alors que les résultats des échantillons de surface géochimiques récemment collectés sont traités.
Fremont Gold (TSXV: FRE) (OTCQB: FRERF) hat sein erstes Bohrprogramm über 1.600 m gestartet im Urasar Kupfer-Gold-Projekt in Armenien. Das Programm soll innerhalb von 8 Wochen abgeschlossen sein und zielt auf neun priorisierte Bohrstandorte, die an den Projekten Copper Creek, Black River und Brick House identifiziert wurden. Fremont hat die AT Group, ein in Jerewan ansässiges Bohrunternehmen, beauftragt und nutzt eine Atlas Copco CS14 Bohranlage, die Tiefen von bis zu 1.200 Metern erreichen kann.
CEO Joel Sutherland äußerte Optimismus über das Potenzial des Programms, um zu zeigen, dass die oberflächennahe Mineralisierung in die Tiefe fortsetzt. Er glaubt, dass Urasar sich zu einer bezirklichen Reihe mineralisierter Systeme entwickeln könnte, mit der Möglichkeit, einen oder mehrere erstklassige epithermale Gold- und/oder Kupferporphyrvorkommen zu entdecken. Das Unternehmen erwartet, dass sich weitere priorisierte Ziele ergeben, wenn die Ergebnisse der kürzlich gesammelten geochemischen Oberflächenproben verarbeitet werden.
- Commencement of 1,600m maiden drill program at Urasar Copper-Gold Project
- Identification of nine priority drill targets across three prospects
- Potential for additional priority targets based on pending geochemical sample results
- Use of capable drilling equipment (Atlas Copco CS14) with 1,200m depth capacity
- Possibility of discovering tier-one epithermal gold and/or copper porphyry deposits
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR20) ("Fremont" or the "Company") is pleased to announce that it has begun its maiden 1,600m drill program at Urasar, Armenia which is expected to be completed within 8 weeks.
To date, nine priority drill targets have been identified at the Copper Creek, Black River, and Brick House prospects, as illustrated in Figure 1 below. Fremont expects additional priority targets to emerge as results from recently-collected geochemical surface samples are processed.
Fremont has contracted AT Group, a drilling company based in Yerevan, Armenia which has worked with the Company in the past. The program will utilize an Atlas Copco CS14 drill rig, which is capable of drilling to a depth of up to 1,200 meters. The rig was successfully mobilized to site and began drilling operations this past weekend.
This drill program represents a materially significant phase of exploration for Fremont as it seeks to reveal the mineral potential of the Urasar project.
Figure 1. Urasar ground mag data showing mineralized zones and drilling targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/225784_6c6b7baac478ea3e_002full.jpg
CEO comments
CEO Joel Sutherland states, "Fremont's investors are anticipating a successful Urasar drill program that demonstrates the mineralization seen on surface continues to depth. We believe that the District comprises a series of mineralized bodies along a major east-west trending crustal-scale lineament. The detailed geological and geophysical work undertaken earlier this season have enabled us to define numerous first-order drill targets as well as a score of secondary drill targets beyond the nine selected to date. We believe Urasar has the potential to develop into a district-scale series of mineralized systems, with the goal of discovering one or more tier-one epithermal gold and/or copper porphyry deposits."
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
Fremont Gold Ltd.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225784
FAQ
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