Phase 1 Drill Program at the Past Producing Griffon Gold Project

VANCOUVER - Fremont Gold Ltd. reported that drilling has commenced at the past producing Griffon gold project, located at the southern end of the Cortez Trend, Nevada. Fremont has permitted 20 drill sites at Griffon, 10 of which have been selected for drilling in the 2,000 meter Phase 1 drill program. The 10 priority drill holes will test gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the jasperoid-bearing Blackrock fault.

”Griffon is an under explored Carlin-type gold system that hasn't been drilled since the 1990s," said Blaine Monaghan, CEO. "Most of the historic drill holes were concentrated around the two pit areas and did not exceed 100 metres in depth. Recent exploration has identified many prospective targets, which leads us to believe that Griffon has excellent potential to host one or more large gold systems."

Thallium has been recognized as a commonly enriched element in alteration assemblages associated with Carlin-type gold deposits. Several planned drill sites at Griffon are located on coincident thallium and gold soil anomalies which form a NW-SE trend through the Discovery and Hammer Ridge pit areas. The Joana Limestone was the primary gold host at Griffon and is the main gold host at Fiore Gold Ltd.'s Gold Rock project. The Pilot Shale is the main gold host at Fiore Gold's Pan Mine and several deposits at Kinross Gold Corporation's Bald Mountain Mine complex.

The Blackrock fault is a structural discontinuity marking the contact between the Joana Limestone and the overlying Chainman Formation. This contact is a major gold-bearing zone at Fiore Gold's Gold Rock project. In addition, extensive jasperoid development exists along the Blackrock fault at Griffon (jasperoids are surface alteration features that can indicate the presence of precious metal mineralization at depth). This structural discontinuity was likely to have been a conduit for hydrothermal fluids, making the fault and the permeable units above and below it, prospective gold hosts.