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Enter Symbol
or Name
USA
CA



Freeman Gold Corp
Symbol FMAN
Shares Issued 81,453,170
Close 2021-08-10 C$ 0.385
Market Cap C$ 31,359,470
Recent Sedar Documents

Freeman files NI 43-101 technical report on Lemhi

2021-08-11 10:58 ET - News Release

Mr. William Randall reports

FREEMAN FILES NI 43-101 TECHNICAL REPORT FOR MAIDEN HIGH-GRADE OXIDE GOLD RESOURCE ESTIMATE FOR LEMHI DEPOSIT, IDAHO

Freeman Gold Corp. has filed on SEDAR a National Instrument 43-101 compliant, independent technical report on its 100-per-cent-owned Lemhi gold project located in Idaho. The report summarizes the results of the maiden mineral resource estimate (MRE) conducted on the Lemhi gold project. The MRE was completed by APEX Geoscience Ltd. of Edmonton, Alta.

Highlights of the filed report include:

  • The pit constrained MRE using a 0.5 gram per tonne cut-off and a gold price of $1,550 (U.S.) per troy ounce comprises: indicated MRE of 749,800 ounce gold at 1.02 grams per tonne in 22.94 million tonnes; inferred MRE of 250,300 ounce Au at 1.01 grams per tonne Au in 7.83 million tonnes;
  • The resource is modelled as amenable to open-pit mining using standard, low-cost gold leaching technologies, including carbon in leach and heap leach processing;
  • Over 90 per cent of the MRE is contained within Freeman's 100-per-cent-owned patented claims;
  • The resource remains open on strike to the north, south and west as well as at depth.

The report was filed on Aug. 10, 2021, with an effective date of June 1, 2021, and is entitled "Maiden Resource Independent Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA." The report, prepared in accordance with NI 43-101 -- Standards of Disclosure for Mineral Projects -- is available for review on SEDAR and on the company's website.

The report was prepared for Freeman by APEX and the mineral resource estimate contained in the report was completed by Michael Dufresne, MSc, PGeol, PGeo.

The resource is classified according to the Canadian Institute of Management "Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines" dated Nov. 29, 2019, and CIM "Definition Standards for Mineral Resources and Mineral Reserves" dated May 10, 2014. APEX believes the Lemhi gold project has the potential for future economic extraction. For further details please refer to press release dated July 8, 2021.

About Freeman Gold Corp.

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100-per-cent-owned Lemhi gold project. The Lemhi project comprises 30 square kilometres of highly prospective land. The mineralization at the Lemhi project consists of high-grade, shallow, near-surface primarily oxide gold mineralization that has seen over 444 drill holes but remains open at depth and in multiple directions.

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