Thick, Near-Surface Oxide Gold Mineralization Intersected At Griffon Gold Project

VANCOUVER - Fremont Gold Ltd. reported that the Company has received assay results from the first three drill holes completed at the past producing Griffon gold project,  located at the southern end of the Cortez Trend, Nevada.

Drill hole GF-20-3 intersected a significant interval of near-surface oxide gold mineralization: 50.3 meters of 1.05 grams/tonne (g/t) gold starting at 29 meters.

“I’m very pleased with the results from the first three drill holes to be completed at Griffon since the late 1990s" said Blaine Monaghan, CEO. “Drill hole GF-20-3 met and exceeded our expectations. Thick, near surface, and oxidized, drill hole GF-20-3 reinforces our belief that Griffon holds tremendous opportunity for the discovery of a new Carlin-type deposit. I look forward to reporting the next set of drill results to investors.”

Drillers are currently on drill hole GF-20-8. The 10-hole, 2,000-meter reverse circulation drill program is expected to be completed by the end of July. The Phase 1 drill program will test a number of targets, including gold-in-soil anomalies, an area of unmined mineralization to the southwest of the Hammer Ridge pit, permissive stratigraphic targets, and the Blackrock fault.

Griffon is a past-producing gold mine located at the southern end of the Cortez Trend. Mineralization at Griffon is Carlin-type and is comparable to the mineralization found at several deposits