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Freeman Gold Corp
Symbol FMAN
Shares Issued 81,453,170
Close 2021-03-18 C$ 0.465
Recent Sedar Documents

Freeman Gold drills 151 m of 2.5 g/t Au at Lemhi

2021-03-18 07:47 ET - News Release

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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