- Fremont Gold (FRE) has staked more ground to expand the size of its Cobb Creek Gold Project
- The company has staked an additional 89 federal lode claims, increasing the size of the property area by approximately 30 per cent
- The Cobb Creek project occurs at the northern end of the Independence trend, one of the most important gold belts in northern Nevada
- Cobb Creek has not been drilled since 1992 and the vast majority of the historical drilling was shallow
- Fremont Gold has started a four-phase exploration program at Cobb Creek
- Fremont Gold is unchanged, trading at $0.03 at 1:20 pm ET
Fremont Gold (FRE) has staked more ground to expand the size of its Cobb Creek Gold Project located in Elko County, Nevada.
The Vancouver mining company has staked an additional 89 federal lode claims on the northern and eastern sides of the Cobb Creek project increasing the size of the property area by approximately 30 per cent.
The Cobb Creek project occurs at the northern end of the Independence trend, one of the most important gold belts in northern Nevada.
Cobb Creek has not been drilled since 1992 and the vast majority of the historical drilling, over 140 drill holes, were shallow.
Fremont Gold has started a four-phase exploration program at Cobb Creek. The first three phases are geologic mapping, rock chip sampling, a detailed ground magnetic survey and a comprehensive soil sampling program across the entire property.
The soil survey will add to previous soil sampling results and will include multi-element trace element analyses as well as gold.
The fourth phase will be a drilling program based on results of the first three phases.
“The 2004 43-101 report on Cobb Creek repeats the older interpretation that the gold mineralization is orogenic, but suggests the possibility that it may be Tertiary Carlin-type. Earlier workers have not recognized, or least not commented on the strong epithermal alteration on the property.
My leaning is that Cobb Creek is similar to the Wood Gulch-Gravel Creek couplet 12 km to the south, where within about 2 km of each other, there are both a Carlin-type gold deposit and a Miocene epithermal low-sulfidation gold-silver deposit. Cobb Creek has a good chance of also having both deposit types, perhaps in an overprinting relationship. There is also a possibility that the 160,000 ounce gold resource in the Vinini Fm may be the upper part of a Carlin-type system, with better things to come below in the Lower Plate Van Duzer carbonate unit,” said Fremont Gold VP of exploration Dr. Clay Newton.
Fremont Gold is unchanged, trading at $0.03 at 1:20 pm ET.
