Fredonia Mining Inc. files technical report for El Dorado Monserrat Gold & Silver Project
From GlobeNewswire: 2024-12-24 13:30:38
Fredonia Mining Inc. files technical report for El Dorado Monserrat Gold & Silver Project in Argentina, supporting previous disclosure. CEO plans new phase of drilling to expand high-grade resources and move towards Pre-Feasibility study. Maiden mineral resource estimate totals 1.593 million ounces of gold and 49.067 million ounces of silver. Resource estimate based on 40,472.68 meters of drilling and 5,305.43 meters of trenches. Mineralization remains open in all directions. Sensitivity results show potential at different gold cut-off grades. Project area demonstrates mineralization similar to neighboring mine. Plan for significant shareholder value with deeper understanding of geology. Fredonia Mining has released a mineral resource estimate for the Southern Mineralized Corridor, specifically Herradura Hill. The estimate was prepared by independent QP Mario Alfaro Cortés and meets NI 43-101 and CIM standards. Qualified Person Fernando Ganem approved the technical content. The company also granted stock options to directors and officers, with each option exercisable at $0.40 per share. Fredonia holds gold and silver licenses in Argentina, including the El Dorado-Monserrat project near AngloGold Ashanti’s mine. For more information, visit Fredonia’s website or contact CEO Estanislao Auriemma. Photos related to the announcement are available online. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points due to growing concerns over inflation and rising interest rates.
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Read more at GlobeNewswire: Fredonia Mining Inc. Announces Filing of Technical Report