Mr. Ken Cotiamco reports
FREEMAN DRILLS HIGHEST GRADE ZONE TO DATE: 2.5 G/T AU OVER 151 METRES INCLUDING 25 G/T AU OVER 8.7 METRES
Freeman Gold Corp. has provided assay results of core from the remaining 20 diamond drill holes of the 35-hole 2020 program on Freeman's 100-per-cent-owned Lemhi gold project located in Idaho. The objective of the 2020 phase 1 drill program was designed to confirm historical mineralization and allow the use of over 355 historical drill holes in a maiden National Instrument 43-101-compliant resource estimate. The drill program focused on infill and stepout drilling within the known mineralized body to increase confidence and maximize the potential resource. The drilling completed by Freeman successfully confirmed historically defined mineralization and provided valuable infill drilling to increase confidence levels of the upcoming resource estimate.
Freeman releases the highest grade intercept ever drilled at Lemhi from the remaining 20 diamond drill holes of the 2020 35-hole drill program:
-
Highlights include 2.5
grams per tonne Au over 151 metres, including 25 g/t Au over 8.7 m
(FG20-017C);
- 1.2 g/t Au over 42.6 m
(FG20-012C);
- 0.9 g/t Au over 72.4 m, including 2.1 g/t Au over 21.1 m
(FG20-026C);
- 1.4 g/t Au over 48.4 m, including 2.1 g/t over 22 m
(FG20-032C).
As a result of the 2020 drill program and increased drill density, the maiden resource estimate will include drill assay results from both historical (355 holes -- approximately 70,000 metres) and new drilling (35 holes -- 7,200 metres).
All holes drilled to date have intersected high-grade shallow oxide gold mineralization. Drill hole FC20-017C intersected 2.5 g/t Au over 151 m, representing the highest gold content in any single hole drilled at Lemhi based on a gold times core length metric (grams Au multiplied by total mineralized length is 377.5). Selected highlighted results from the 13 holes are 2.5 g/t Au over 151 m, including 25 g/t Au over 8.7 m
(FG20-017C); 1.2 g/t Au over 42.6 m
(FG20-012C); 0.9 g/t Au over 72.4 m, including 2.1 g/t Au over 21.1 m
(FG20-026C); and 1.4 g/t Au over 48.4 m, including 2.1 g/t over 22 m
(FG20-032C).
Drill sections can be found on the company's website.
SIGNIFICANT DRILL RESULTS
Drill Total Depth (m) Average
hole depth Int. grade
ID (m) From To (m) (g/t) Au
FG20-012C 264 56.9 99.5 42.6 1.2
including 56.9 70.0 13.2 2.5
and 139.6 234.5 94.9 0.4
including 139.6 150.0 10.4 2.1
including 143.7 148.1 4.4 4.2
FG20-017C 203 29.0 180.0 151.0 2.5
including 29.0 33.1 4.1 4.9
including 45.0 48.0 3.0 14.5
including 74.0 82.7 8.7 25.0
including 121.0 137.0 16.0 3.4
including 127.0 131.0 4.0 8.3
including 175.0 177.0 2.0 5.3
FG20-018C 178 12.0 47.0 35.0 0.3
and 112.3 163.0 50.7 0.4
including 112.3 124.0 11.7 1.0
FG20-019C 170 52.0 56.0 4.0 1.2
including 78.0 127.1 49.1 0.9
including 78.0 81.0 3.0 2.3
including 101.9 105.0 3.1 2.9
FG20-020C 201 75.0 110.0 35.0 0.3
including 83.0 84.0 1.0 4.2
including 109.0 110.0 1.0 3.6
FG20-021C 170 32.9 57.9 25.0 0.6
including 32.9 34.0 1.1 3.1
including 47.0 53.0 6.0 1.7
and 129.1 133.0 3.9 1.3
FG20-022C 223 4.0 34.1 30.1 1.0
including 22.0 28.0 6.0 4.6
and 198.0 203.3 5.3 1.1
FG20-023C 212 2.1 26.6 24.5 0.5
including 24.9 26.6 1.7 3.5
and 95.0 98.1 3.1 0.9
and 120.3 122.8 2.5 1.1
and 174.5 194.4 20.0 0.6
FG20-024C 222.0 143.0 215.0 72.0 0.4
including 180.0 181.0 1.0 10.2
including 205.1 208.0 2.9 1.4
FG20-025C 238 17.8 69.0 51.3 0.3
including 26.0 28.0 2.0 1.9
and 116.0 127.0 11.0 0.6
and 189.6 206.0 16.4 0.5
FG20-026C 227 21.3 38.1 16.7 0.8
and 101.0 173.4 72.4 0.9
including 139.0 160.1 21.1 2.1
including 141.0 149.9 8.8 4.1
including 171.3 173.0 1.7 5.0
FG20-027C 235 9.0 72.5 63.5 0.5
including 63.0 72.5 9.5 1.9
including 68.0 72.5 4.5 2.8
and 192.1 212.0 20.0 0.5
FG20-028C 197 20.0 21.0 1.0 2.0
and 76.0 77.0 1.0 1.2
and 95.0 192.0 97.0 0.5
including 149.0 174.0 25.0 1.1
including 155.0 156.0 1.0 10.9
FG20-029C 249 48.0 66.0 18.0 1.1
FG20-030C 214 4.0 123.0 119.0 0.4
including 73.0 95.0 22.0 1.0
including 75.8 78.1 2.3 2.9
including 109.2 123.0 13.9 1.1
and 145.0 150.9 5.9 1.0
and 167.0 173.1 6.1 0.9
FG20-031C 228 39.0 87.2 48.2 0.4
including 71.2 74.0 2.8 2.4
and 180.0 188.1 8.1 2.1
FG20-032C 70 Lost hole
FG20-033C 199 112.3 161.0 48.8 1.4
including 116.0 138.0 22.0 2.1
including 155.8 160.3 4.6 4.0
FG20-034C 182 102.3 110.0 7.6 2.3
and 132.0 141.0 9.0 1.5
including 133.0 135.0 2.0 4.0
FG20-035C 199 8.7 189.0 180.4 0.5
20.0 23.0 3.0 3.9
50.0 53.0 3.1 2.7
128.5 167.0 38.5 1.1
149.5 153.0 3.5 6.6
* Intervals are core length. True width is estimated between 90 and 95 per cent of core
length.
Will Randall, president and chief executive officer, commented: "The 2020 diamond drill program at Lemhi not only confirmed the vast and comprehensive historical database but also added confidence. This gives us an excellent basis upon which to complete our maiden compliant resource estimate, with the joint objective of maximizing the resource count, increasing the resource confidence categories and identifying areas for future growth. Our team is working on the interpretation and modelling and we will have further updates as these results come in."
Geologically, the Lemhi gold project lies within the Idaho-Montana porphyry belt, a northeast-trending alignment of metallic ore deposits and mines related to granitic porphyry intrusions. These extend northeasterly across Idaho and are related to the Trans-Challis fault system, a broad (20 to 30 kilometres wide) system of en echelon northeast-trending structures extending from Boise Basin more than 270 km into Montana. At Lemhi, gold mineralization is hosted in Mesoproterozoic quartzites and phyllites within a series of relatively flat-lying lodes consisting of quartz veins, quartz stockwork and breccias, and is located along the western edge of an intrusion. Mineralized lodes are associated with low-angle faults, folding and shear zone(s). The mineralized zones have varying amounts of sulphides (pyrite, chalcopyrite, bornite, molybdenum and occasionally arsenopyrite), where free gold is common. Gold mineralization at Lemhi is open at depth and on strike in all directions.
All drill core and rock samples were sent to ALS Global Laboratories (geochemistry division) in Vancouver, Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by fire assay and multielement induction coupled plasma spectroscopy (select drill holes). Freeman has a regimented quality assurance, quality control (QA/QC) program where at least 10 per cent duplicates, blanks and standards are inserted into each sample shipment. Drill hole FG20-035C was a PQ hole drilled primarily for metallurgical testing. Subsequently a portion of the samples from hole FG20-035C was analyzed at SGS Canada Inc., Burnaby, B.C., Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by fire assay.
The technical content of this release has been reviewed and approved by Dean Besserer, PGeo, the vice-president of exploration of the company and a qualified person as defined by the National Instrument 43-101.
About the company
Freeman Gold is a mineral exploration company focused on the development of its 100-per-cent-owned Lemhi gold property. The Lemhi project comprises 30 square kilometres of highly prospective land. The mineralization at the Lemhi project consists of shallow, near-surface, primarily oxide gold mineralization that has been identified from 355 historic drill holes and is open at depth and in multiple directions. The company has completed an initial phase 1 diamond drill program, which will form the basis for a maiden National Instrument 43-101-compliant resource estimate.
We seek Safe Harbor.
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