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Fredonia Mining
Crux Investor Index
4
–
Market Cap (USD)
7144008
Symbol
TSXV:FRED
Stage of development
Exploration
Primary COMMODITY
Gold
Additional commodities
Silver
Fredonia Mining Inc. is a Canadian mineral exploration company focused on gold and silver projects in the Deseado Massif region of Santa Cruz Province, Argentina. The company has three license areas totaling over 18,000 hectares, including the flagship El Dorado-Monserrat (EDM) project located 17km from the Cerro Vanguardia gold mine.
Exploration at EDM has delineated two mineralized trends with multiple drill targets open along strike and at depth. Highlights include intercepts of 14.43 g/t gold equivalent over 6 meters at the Main Veins target and 6 g/t gold equivalent over 8 meters at the Herradura Hill zone. Additional drilling is planned to expand known mineralized zones and test other targets across the large land package.
The company holds two earlier-stage exploration licenses prospective for precious metals discoveries and sees potential for EDM to become a multimillion-ounce gold-silver project based on widespread epithermal-style mineralization and limited exploration to date across the district.
The company has raised $10 million since listing on the TSX Venture Exchange in mid-2021 to advance exploration efforts focused on expanding and delineating gold-silver resources at EDM and across its strategic land position in the metal-rich Deseado Massif.
Article
No analyst notes