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Freeman Gold Corp
Symbol FMAN
Shares Issued 81,340,454
Close 2020-12-16 C$ 0.52
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Freeman Gold drills 7,149 metres at Lemhi

2020-12-16 09:42 ET - News Release

Mr. William Randall reports

FREEMAN CONFIRMS AND EXPANDS HISTORICAL GOLD MINERALIZATION, COMPLETES 7,000 METRES OF DIAMOND DRILLING AT LEMHI

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

Two diamond drill rigs completed 35 cored drill holes, totalling 7,149 metres. The drilling campaign confirmed the presence of numerous structurally controlled, stacked, flat-lying, gold-mineralized horizons initially identified by 70,196 metres of historical drilling conducted between 1984 and 2012. Detailed geological logging of the new core has also identified mineralized zones of varying thicknesses, ranging from 10 metres to over 100 metres, similar to that found in previous historical drilling and drill sections. Core samples have been sent to ALS's minerals division, Vancouver, B.C., and results are expected in the next four to eight weeks. To date, 1,805 drill core and rock grab samples and 358 soil samples have arrived at ALS's minerals division, Vancouver, B.C. ALS is currently quoting turnaround times exceeding 60 days for analytical services. An additional 275 soil samples were sent to SGS Canada Inc., Burnaby, B.C.

Will Randall, president and chief executive officer, commented: "During the execution of our first 5,000-metre twin and infill diamond drill program, it became clear that historically defined zones have greater continuity than expected. As a result, we extended our phase 1 diamond drill campaign to include additional infill and stepout holes designed to test zones beyond historical limits. We are extremely pleased with this initial drill program, both the execution in challenging times as well as the extent and thickness of the flat-lying mineralized structures. We have successfully confirmed and extended the presence of these stacked mineralized structures over a 600 by 700 m area from surface down to over 260 m deep. We look forward to updating shareholders as assay results become available."

All drill core, rock and soil samples are sent to ALS's minerals division, Vancouver, B.C., Canada, an independent and fully accredited laboratory, for analysis for gold by fire assay and multielement induction coupled plasma spectroscopy. Freeman 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.

The technical content of this release has been reviewed and approved by Dean Besserer, PGeo, vice-president of exploration, 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 in most directions. The company is working toward derisking the asset and producing a maiden NI 43-101-compliant resource estimate as a result of both brownfield and greenfield exploration.

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