<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 6, 1997
FREMONT GOLD CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 33-07773-A 65-0110447
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 Hornby Street, Suite 2000, Vancouver, British Columbia, V6Z 1S4
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 682-4606
(Former name or former address, if changed since last report.)
<PAGE> 2
ITEM 5. OTHER EVENTS.
On March 6, 1997, Fremont Gold Corporation issued a press
release, attached hereto as an exhibit, announcing its initial diamond drill
hole results on its Resguardo mineral exploration property located in Chile.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description
- ----------- -----------
99 Press Release of Fremont Gold Corporation dated March 6, 1997
2
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
/s/ Edward M. Topham
--------------------
Edward M. Topham
Chief Financial Officer
Date: March 13, 1997
<PAGE> 1
NEWS RELEASE EXHIBIT 99
Contact: Michael J. Hopley, President & CEO or
Edward M. Topham, C.F.O. (604) 682-4606
Positive Results From the First Drill Holes at the Resguardo Property, Chile.
Vancouver, B.C. - March 6, 1997. Management of Fremont Gold Corporation (NASDAQ
- - FGLD) are pleased to announce that the first phase of drilling at the
company's Resguardo gold project has yielded very positive results. The program
consisted of four diamond drill holes, from 180 to 280 meters long, spread over
approximately a two and one half kilometer long segment of the Atacama Fault,
where surface gold mineralization has been worked by local small miners. The
purpose of these widely spaced drill holes was to gain a better understanding of
the sub-surface geology at Resguardo and to follow-up on promising surface
sampling work.
All four of these very widely spaced drill holes intersected significant gold
mineralization, including some high grade zones. In particular drill hole
DDH-97-3, located at the northern end of the belt of surface mine workings,
intersected a zone averaging 4.04 g/t gold over 21.15 meters (0.118 oz/t over 69
feet). This intersection is open in all directions; to the north no sampling or
mapping has occurred and to the south surface sampling suggests that this zone
may extend a significant distance.
Results from all four diamond drill holes are summarized as follows:
<TABLE>
<CAPTION>
INTERVAL AVERAGE GOLD
DRILL HOLE FROM (Meters) TO (Meters) (Meters) PER TON
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
DDH-96-1 56.20 80.80 24.60 1.26
INCLUDING 68.65 69.10 0.45 34.50
DDH-96-1 111.35 114.05 2.70 5.15
DDH-96-1 132.30 136.25 3.95 2.84
- ---------------------------------------------------------------------------------------------------------
DDH-97-1 19.45 32.55 13.10 1.13
- ---------------------------------------------------------------------------------------------------------
DDH-97-2 8.55 17.75 9.20 1.71
DDH-97-2 36.07 39.83 3.76 1.76
DDH-97-2 52.46 67.75 15.29 1.02
- ---------------------------------------------------------------------------------------------------------
DDH-97-3 26.40 47.55 21.15 4.04
- ---------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
These results support management's opinion that the Resguardo property has the
potential to contain a major shear hosted gold deposit which could be initially
exploited by surface mining methods.
A sizeable Phase Two program of reverse circulation drilling is planned to start
within the next six to eight weeks.
The 16,000 hectare Resguardo property extends a 16 kilometer strike length along
the Atacama Fault, a major structure that controls much of the economic
mineralization in this part of northern Chile. A large number of surface mine
workings are scattered over a distance of about 7 kilometers within the property
from which local mines have worked a number of gold veins. The Mantoverde Mine
is on the same structural trend, 10 kilometers north of the Resguardo property.
Fremont has a 99-year lease on the Resguardo property. Future annual lease
payments, totaling $200,000 are due to the owners in years one to three, and
advance royalty payments start on the seventh anniversary of the agreement.
Fremont is a junior exploration company specializing in the acquisition and
exploration of gold properties in Latin America. Currently the company has three
active gold exploration properties in Chile.
# # #
