The indicated gold resource now totals 1.16 million oz. (19 million tonnes grading 1.9 g/t gold), representing an increase of 121% over the previous estimate. A vast majority of indicated resources were in pit. The inferred gold resource also increased 348% to 2.02 million oz. (28.3 million tonnes grading 2.22 g/t gold), about three-quarters of which were pit-constrained.
“This updated Fremont MRE provides a solid foundation from which the company can advance towards completing a preliminary economic assessment (PEA) and developing this gold project towards a production decision,” said CEO Kim Tyler in a media release.
“The project is enhanced over the previous mineral resource estimate by the inclusion of the Queen Specimen and underground component of the Pine Tree/Josephine deposit; however, this only evaluates 1.4 km of the entire 4-km strike length of the Fremont property,” Tyler added.
The next steps are to advance…
