Fremont buys gold project in Nevada

TSX-V-listed Fremont Gold has entered into an option agreement to acquire the advanced-stage Cobb Creek gold project, in Elko county, Nevada, from fellow-listed Contact Gold.

Fremont CEO Blaine Monoghan said on Monday that the timing was right to augment its portfolio with advanced-stage projects, following its recent sale of the Gold Canyon project to NYSE- and TSX-listed McEwen Mining.