Fremont is leveraged to the price of gold
Investors have been flocking to gold stocks since the price of gold hit a new all-time high earlier this year. Can gold's record run continue? Bank of America Corp. thinks so and recently raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the current price. One gold stock that has captured investors' attention is Fremont Gold Ltd. (FRE: TSXV; FRERF: OTCQB).
Founded by geologists that have a track record of making multi-million-ounce gold discoveries, the Company has assembled a portfolio of quality gold projects located in Nevada's most prolific gold trends. The property portfolio includes North Carlin, a new discovery opportunity, Cobb Creek, which hosts a historic resource, Griffon, a past producing gold mine, and Hurricane, which has returned significant gold intercepts in past drilling.
North Carlin gold project
Fremont recently announced its plans to drill the North Carlin gold project, located at the northern end of the prolific Carlin Trend. The Carlin Trend is one of the richest gold mining districts in the world having produced over 84 million ounces of gold since the early 1960s.
North Carlin is approximately 6 km north of and on-strike of Nevada Gold Mines/Premier Gold Mines' South Arturo mine, where recent drilling intersected 39.6 metres of 17.11 grams per tonne gold, and 12 km north of Nevada Gold Mines' Goldstrike mine, which hosts 11.1 million ounces gold in the measured and indicated category. The western edge of North Carlin is approximately 6 km east of Hecla Mining Company's Hollister mine.
Situated in the right geological setting for the discovery of a major gold deposit, Fremont has developed several drill targets based on soil geochemistry, gravity and magnetic surveys, and the projection of key faults that control gold mineralization in the Carlin Trend.
DRILLING IS NOW UNDERWAY AT NORTH CARLIN!
To learn more about Fremont call +1 604-676-5664 or click on the box below to receive more information.
