Roberts Creek is in the Gold Bar District in Eureka County, Nevada, an active mining district within the Battle Mountain-Eureka Trend. The district contains several Carlin-style sediment-hosted gold deposits, including McEwen Mining Inc.’s (“McEwen”) Gold Bar development project, which is scheduled to produce 62,800 oz Au/annum, at US$770/oz, starting in early 2019.
Fremont recently staked Roberts Creek (see news release dated September 12, 2018), which is one km south of McEwen Mining Inc’s Gold Bar development project. Roberts Creek brings Fremont’s total land holdings in the Gold Bar District, which includes Gold Bar and Gold Canyon, to 5,348 hectares.
Roberts Creek covers a structurally permissive zone on a horst that strikes south from the McEwen’s Gold Bar development project. Based on gravity data, this horst is under shallow cover, is parallel to, and similar in shape and orientation to the horst which hosts the original Gold Bar deposit held by Fremont.
Within Roberts Creek, jasperoid occurs as outcrop and abundant float. Jasperoid is often associated with Carlin-style deposits and was one of the vectors used to discover the original Gold Bar deposit. A recent ground magnetic survey at Roberts Creek highlights a magnetic low trough, which may indicate hydrothermal alteration.
In addition, three significant structural trends intersect at Roberts Creek: a north-northwest striking fault that transects McEwen’s Cabin Creek gold deposit (the Cabin Creek fault), a very prominent northeast fault/topographic lineament that transects the Mount Hope porphyry molybdenum deposit, and the magnetic low trough.
Fremont recently completed a soil sampling program at Roberts Creek and will announce the results when it receives them.