Fremont Gold (TSXV:FRE) is pleased to announce that it has completed ground magnetometer and soil geochemical surveys over the Coyote and Alkali claim blocks on the northern part of the Carlin Trend (collectively, the North Carlin Project). Complete geochemical results have been received for the Coyote block, while geochemical results from the larger Alkali claim block are expected during August. Ground magnetic surveys have been completed over both areas. Highlights include:
- The identification of broad areas of chalcedonic breccias and siliceous alteration on surface at Coyote. This type of alteration is frequently associated with concealed gold mineralization in the Carlin trend
- Recent sampling has defined a previously untested arsenic-in-soil anomaly in the south central portion of the Coyote claim block located on the northern end of Carlin trend. Arsenic is the most important pathfinder for gold in Carlin-style deposits
- The association of the silica alteration and arsenic-in-soil anomaly with a subtle magnetic low at Coyote is similar to other gold deposits within the Carlin trend
- Fremont appoints VP Business Development
Discussion
The figure below displays the ionic leach soil geochemistry for arsenic. A distinctive anomaly occurs in the south central portion of the block on the edge of a magnetic low. Arsenic is the most important pathfinder for gold in Carlin style deposits.
The second figure displays the magnetic data over Coyote and Alkali in respect to the greater North Carlin area and nearby mines immediately to the south.
Figure 1. Ionic Leach Soil Geochemistry for Arsenic
To view an enhanced version of Figure 1, please visit:
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Figure 2. Magnetic Data over Coyote and Alkali
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Clay Newton, Vice President Exploration of Fremont stated, “We are very excited by the recent exploration results from the North Carlin Project. Mapping at Coyote has found broad areas of chalcedonic breccias and siliceous alteration in a northeast trending zone parallel to the nearby Rossi Fault zone. In addition, soil sampling has also revealed gold, arsenic, thallium and mercury geochemical anomalies at Coyote, all pathfinder elements for gold in Carlin-style settings.
As shown in the second figure below, the positions of the Carlin deposits to the south of Coyote display a regular spacing of approximately 3 kilometers between deposits along a north-south trend, making the Coyote block the “next bead on the string” in terms of periodicity and alignment. This observed periodicity along with pathfinder element geochemical anomalies associated with subtle magnetic lows is compelling evidence for possible gold mineralization at depth.
To the north of Coyote, the Alkali block straddles both the NW-striking Carlin Trend and a NE-SW lineament which controls the location of the nearby Hollister mine as well as th