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Freeman Gold Corp
Symbol FMAN
Shares Issued 55,780,181
Close 2020-10-29 C$ 0.52
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Freeman Gold completes 16 holes at Lemhi

2020-10-29 09:49 ET - News Release

Mr. William Randall reports

FREEMAN GOLD CONFIRMS GOLD MINERALIZATION IN FIRST 3,000 METRES OF DRILLING AT LEMHI

Freeman Gold Corp. has provided an exploration update for its 100-per-cent owned Lemhi gold project, located in Idaho, United States.

Two diamond drill rigs are currently operating around the clock at Lemhi, with 16 cored drill holes totalling 3,328 metres (m) completed to date. The continuing drilling campaign has confirmed the presence of extensive gold mineralized horizons first established by historical exploration conducted between 1984 and 2013. Detailed geological logging of recovered core has noted multiple occurrences of visible gold from five holes drilled within the 30-square-kilometre property. All drill holes to date have intersected mineralized zones of varying thickness as interpreted from historic drilling and drill sections. Samples have been sent to ALS minerals division, Vancouver, B.C., and results are pending.

Will Randall, president and chief executive officer, commented: "Our phase 1 drill campaign is successfully under way and is confirming our understanding of the mineralization and geology of the Lemhi gold project. The mineralization is generally flat lying within Proterozoic metasediments. Quartz veining, silicification, brecciation and faulting dominate the mineralized zones and are oxidized from surface. Results have so far matched historical logs closely. Multiple flat-lying, high-grade zones, often containing visible gold, are stacked and may constitute a bulk-tonnage target."

Phase 1 consists of a 5,000-metre, 33-priority-hole diamond drill program and was designed to:

  1. Twin certain holes;
  2. Complete infill drilling along sections;
  3. Allow interpretation of the mineralization and structural controls;
  4. Complete initial bench scale metallurgy;
  5. Complete a maiden National Instrument 43-101-compliant resource estimate.

In addition to the continuing drill program, an extensive ground exploration program is being implemented at the project. To date, Freeman has completed 141 rock grab and channel samples, 633 soil samples, 181 line kilometres of ground magnetics, high-resolution drone photo mosaics, and a 1.4-square-kilometre three-dimensional (3-D) induced polarization (IP) survey.

All drill core, rock and soil samples are sent to ALS minerals division, Vancouver, B.C., an independent and fully accredited laboratory in Canada for analysis for gold multielement induction coupled plasma spectroscopy. Freeman Gold has a regimented quality assurance/quality control program where at least 10-per-cent duplicates, blanks and standards are inserted into each sample shipment. Additionally, select soil samples were sent to SGS Canada Inc.

The technical content of this release has been reviewed and approved by Dean Besserer, professional geologist, the vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101.

About Freeman Gold Corp.

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 seen over 355 drill holes but remains open at depth and along strike. The company is working toward derisking the asset and producing a maiden National Instrument 43-101-compliant resource estimate as a result of both brownfield and greenfield exploration.

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