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Friday, February 22, 2019 - 11:53:15 AM
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Mining News Pro - Fremont Gold is drilling 1,000 reverse circulation metres at its Gold Bar gold project, a two-hour drive from Elko, Nevada. It’s targeting a potential southeast extension of the past-producing Gold Bar pit, in an area that has never been drilled.
According to Mining News Pro - It intends to follow up by diamond drilling 500 metres at its nearby Gold Canyon gold project. Both properties are part of the Battle Mountain-Eureka trend and are under option from Ely Gold Royalties. They’re also both very close to McEwen Mining’s (TSX: MUX; NYSE: MUX) Gold Bar gold mine construction project. Gold Canyon, in particular, sits on inlying claims next to McEwen’s Gold Bar mine.
To earn a 100% interest in its own Gold Bar project, Fremont will pay Ely US$1 million over five years. Ely keeps a 2% net smelter return royalty that Fremont can halve for US$5 million.
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https://www.miningnews.ir/En/News/338405
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