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New Listing: Fredonia Mining Inc (TSXV:FRED)

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The company is engaged in the exploration of precious metals in Argentina, with its properties located in Santa Cruz Province, a mining friendly jurisdiction, which hosts a significant portion of producing gold mines.

Additional Information:

Company: Fredonia Mining Inc
Website: http://www.FredoniaManagement.com
Stock Symbol: TSXV: FRED
Date Published: Jul 19, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Fredonia Mining Inc is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “FRED”, following its qualifying transaction with Capital Pool Company Richmond Road Capital.

The company is engaged in the exploration of precious metals in Argentina, with its properties located in Santa Cruz Province, a mining friendly jurisdiction, which hosts a significant portion of producing gold mines.

In 2017, Argentina was the world’s 10th largest producer of silver and in 2018 it was the world’s 15th largest producer of gold.

Fredonia, incorporated in the British Virgin Islands, directly or indirectly, owns a 100% interest 3 project areas, covering approximately 18,300 hectares within the Deseado Massif, an emerging world-class mining district.

Predominantly the geological style of mineralisation is epithermal low sulphidation style gold-silver deposits.

The company’s flagship El Dorado-Monserrat Project covers 6,200 hectares and contains 10’s of kilometres of already identified veins within a potentially extensive vein field.

The project contains multiple drill ready targets with a high probability of further gold/silver vein discoveries.

The company’s immediate drilling program will encompass a total of 6,000 meters of drilling in two tranches, with the initial 3,000 meters commencing as early as August 2021 at its Monserrat West and La Herradura targets.

Fredonia’s priority is to verify historical data and to add to existing data through drilling to enable the reporting of a NI 43-101 compliant Mineral Resource for the Main Vein area.

Estanislao Auriemma, CEO, stated: “In parallel with the completion of our listing process, our team in Argentina has been calibrating our strategies and timelines for the upcoming drilling campaign. We expect to finalize all permitting in the upcoming weeks and to be drilling per our plan at our primary targets with a view to have initial results within 120 days.”

The company recently closed a private placement, raising gross proceeds of approximately $6.4 million ($6,365,703) from the placement of approximately 37.4 million shares priced at $0.17 per share.

The shares are trading at $0.25.

For more information on the company’s portfolio of projects, please visit the company’s website www.FredoniaManagement.com, contact Carlos Espinosa, CFO, at 647-401-9292 or email CEspinosa@slgmexico.com.

For Investor Relations, contact Ali Mahdavi, Chairman, by email at am@spinnakercmi.com.

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I’m Cassandra Bolinski for Investmentpitch Media