Connect with us

Drilling News

FREEMAN EXTENDS LEMHI SHALLOW OXIDE GOLD MINERALIZATON 166 METRES TO THE WEST

FREEMAN EXTENDS LEMHI SHALLOW OXIDE GOLD MINERALIZATON 166 METRES TO THE WEST
PR Newswire
VANCOUVER, BC, Nov. 9, 2022

Phase 2 drill holes continue to intersect shallow oxide gold mineralization within existing resource pit both along strike and at …

Share this article:

Published

on

FREEMAN EXTENDS LEMHI SHALLOW OXIDE GOLD MINERALIZATON 166 METRES TO THE WEST

PR Newswire

Phase 2 drill holes continue to intersect shallow oxide gold mineralization within existing resource pit both along strike and at depth

  • Expansion hole FG22-001C returned 55m at 0.55 g/t Au including 18.52m @ 1.1 g/t Au
  • Expansion hole FG22-036C returned 24m @ 1.2 g/t Au
  • Expansion hole FG22-011C returned 66m at 0.61 g/t Au including 5m @ 3.1 g/t Au
  • Expansion hole FG22-031C returned 105.92m at 0.34 g/t Au including 7m @ 1.49 g/t Au
  • Expansion hole FG21-004C returned 156.69m at 0.24 g/t Au including 7.44m @ 2.1 g/t Au
  • Infill hole FG22-010C returned 9m at 1.5 g/t Au.

Toronto Venture Stock Exchange: FMAN

VANCOUVER, BC, Nov. 9, 2022 /PRNewswire/ – Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) (“Freeman” or the “Company“) is pleased to report results of 15 diamond drill holes from the Company’s 12,000m Phase II resource expansion and infill drill program at its 100% owned Lemhi Gold Deposit, Idaho, USA. Fourteen of these drill holes were designed to test mineralization on strike to the west of the known deposit (expansion holes) and one infill hole to improve the resource confidence in zones with historical drill holes (Figures 1, 2 and 3 attached and Table 1).

The expansion holes represent 20 to 166 metre step outs to the west of existing drilling where mineralization is untested and open. These areas were previously modelled as unmineralized due to lack of drilling in the initial maiden mineral resource estimate (“MRE“). The current MRE comprises an Indicated Mineral Resource of 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of gold and an Inferred Mineral Resource of 7.68 million tonnes at 1.01 g/t Au for 250,300 oz of gold (refer to press release dated July 8, 2021). The MRE covers a surface area of 400 by 500 metres and extends down to a depth of 180 metres below surface. The resource expansion holes that form the bulk of the current Phase II drill program are designed to extend this current resource both along strike and at depth.

Paul Matysek, Executive Chairman, commented, “Very positive news, these results clearly show gold mineralization at Lemhi extends up to 166 metres along strike and to the west.  Similar to our results in the east, the Lemhi gold deposit is expanding in all directions where historical drilling had not been conducted. This should add valuable ounces to our in pit mineral resource that is currently considered waste.”

All holes drilled to date have intersected shallow oxide gold. Selected highlighted results from the 10 holes are 0.61 g/t Au over 66m, including 3.1 g/t Au over 5.0m (FG22-011C); 0.55 g/t Au over 55m, including 1.1 g/t Au over 18.52m (FG22-001C); 0.34 g/t Au over 105.92m including 1.49 g/t over 7.0m (FG22-031C); 0.24 g/t Au over 156.69m including 2.1 g/t over 7.44m (FG21-004C); 1.2 g/t Au over 24m (FG22-036C); 0.4 g/t Au over 41m (FG22-003C); and 1.5 g/t Au over 9.0m (FG22-010C). Gold mineralization now extends to at least 166 metres to the west and is open at depth. Drill sections for drill holes FG22-003C and FG22-036C are attached. 

Table 1 – Significant Drill Results – Lemhi West*

DRILL HOLE

DEPTH

DIP

AZIMUTH

FROM

TO

HIGHLIGHT

(METRES)

FG21-004C

270.36

-90

360

30

31

1m @ 0.22 g/t Au

34

35.15

1.15m @ 0.79 g/t Au

37

38

1m @ 0.24 g/t Au

39.62

40

0.38m @ 0.51 g/t Au

89.32

246

156.69m @ 0.26 g/t Au

89.31

90.98

1.67m @ 1.97 g/t Au

115.8

123.24

7.44m @ 2.1 g/t

115.8

118

2.2m @ 6.74 g/t Au

120.24

120.8

0.56m @ 0.58 g/t Au

123

123.24

0.24m @ 0.88 g/t Au

149

152

3m @ 0.23 g/t Au

160

161

1m @ 1.42 g/t Au

175

186

11m @ 0.76 g/t Au

including

182.3

186

3.7m @ 2 g/t Au

193

198

5m @ 0.3 g/t Au

206.75

209

2.25m @ 1.25 g/t Au

215

217

2m @ 0.25 g/t Au

221

222

1m @ 0.63 g/t Au

234

235

1m @ 0.47 g/t Au

240

246

6m @ 0.4 g/t Au

FG21-005C

272.8

-90

360

33

34

1m @ 0.26 g/t Au

47

49

2 m @ 0.21 g/t Au

61

62

1m @ 0.22 g/t Au

185

192

7m @ 0.21 g/t Au

190

192

2m @ 0.39

202.1

214

11.9m @ 0.25 g/t Au

including

202.1

206.1

4m @ 0.48 g/t Au

211

214

3m @ 0.2 g/t Au

237

238

1m @ 0.21 g/t Au

249

255

6 m @ 0.62 g/t Au

FG22-001C

254.2

-90

360

36

37

1m @ 1.03 g/t Au

133

133.74

0.74m @ 0.83 g/t Au

162

163.37

1.37 [email protected] 0.95 g/t Au

192

247

55m @ 0.55 g/t Au

including

207.48

226

18.52m @ 1.1 g/t Au

including

217

220

3m @ 4.45 g/t Au

232

239

7m @ 0.29 g/t Au

FG22-003C

280.42

-90

360

40

41

1m @ 0.23 g/t Au

123.84

124.72

0.88 @ 1.76 g/t Au

143

144

1m @ 0.29 g/t Au

160

165

5m @ 1.1 g/t Au

160

201

41m @ 0.4 g/t Au

including

161

164

3m @ 1.7 g/t Au

197

201

4m @ 1.52 g/t Au

228.27

229.29

1m @ 0.25 g/t Au

244

246

2m @ 0.37 g/t Au

265

266

1m @ 0.24 g/t

FG22-005C

249.94

-90

360

32

34

2m @ 0.37 g/t Au

119

120

1m @ 5.1 g/t Au

130

131

1m @ 0.22 g/t Au

138

139

1m @ 2 g/t Au

154

159

5m @ 0.39 g/t Au

including

155

156

1m @ 1.2 g/t Au

177.02

181

3.98m @ 0.36 g/t Au

194.12

196

1.88m @ 0.25 g/t Au

248

249

1m @ 1.17 g/t Au

FG22-006C

278.89

-90

360

116

117

1m @ 0.326 g/t Au

118.87

120

1.13m @ 0.22 g/t Au

129

131

2m @ 0.54 g/t Au

137

138

1m @ 0.72 g/t Au

153

158

5m @ 0.55 g/t Au

including

153

154

1m @ 1.9 g/t Au

160

161

1m @ 0.27 g/t AU

188

190

2m @ 0.63 g/t Au

210

211

1m @ 0.27 g/t Au

220

222

2m @ 0.21 g/t au

228

229

1m @ 0.77 g/t Au

FG22-008C

255.73

-68

270

15

17

2m @ 0.3 g/t Au

61

62

1m @ 2.69 g/t Au

78

79

1m @ 0.3 g/t Au

139

140

1m @ 0.6 g/t Au

152.2

200

47.8m @ 0.21 g/t Au

including

152.2

157

4.8m @ 0.51 g/t Au

176.17

178

1.83m @ 0.85 g/t Au

182

185

3m @ 0.54 g/t Au

182

190

8m @ 0.35 g/t Au

FG22-011C

251.46

-70

270

9.14

11

1.86 m @ 0.3 g/t Au

17.06

20

2.94m @ 0.41 g/t Au

23

24

1m @ 0.3 g/t Au

39

41

2m @ 1.4 g/t Au

127

193

66 m @ 0.61 g/t  Au

including

158

163

5m @ 3.1 g/t Au

FG22-025C

268.99

-90

360

30

31

1m @ 1.49 g/t Au

55.63

57

1.37m @ 0.36 g/t Au

88

89

1m @ 1.56 g/t Au

95

98

3m @ 1.2 g/t Au

110

112

2m @ 1.39 g/t Au

160

262

102m @ 0.22 g/t Au

including

160

162

2m @ 1.78 g/t Au

170

175

5m @ 0.48 g/t Au

188

189

1m @ 1.69 g/t Au

193

195

2m @ 0.8 g/t Au

215

220

5m @ 0.47 g/t Au

227

232

5m @ 0.47 g/t Au

FG22-028C

289.56

-90

360

12

13

1m @ 0.59 g/t Au

35

36

1m @ 1.32 g/t Au

66

67

1m @ 0.24 g/t Au

81

82

1m @ 0.58 g/t Au

101

102

1m @ 0.23 g/t Au

146

156

10m @ 0.6 g/t Au

176

177

1m @ 0.21 g/t Au

186

188

2m @ 0.48 g/t Au

217

218

1m @ 0.51 g/t Au

227

228

1m @ 0.42 g/t Au

278

280

1m @ 0.25 g/t Au

FG22-031

252.98

-90

360

4

5

1m @ 0.54 g/t Au

8.84

10

1.16m @ 0.22 g/t Au

36

37

1m @ 0.2 g/t Au

78

79

1m @ 1.55 g/t Au

133.08

239

105.92m @ 0.34 g/t Au

including

136

143

7m @ 1.49 g/t Au

177

182

5m @ 1.38 g/t Au

FG22-033

204.98

-74

270

2

8

6m @ 0.48 g/t Au

46

48

2m @ 0.72 g/t Au

51

52

1m @ 0.34 g/t Au

128

129

1m @ 0.21 g/t Au

139

140

1m @ 0.53 g/t Au

159

163

4m @ 0.4 g/t Au

167

168

1m @ 0.39 g/t Au

176.55

198

21.45 @ 0.59 g/t Au

including

185

189

4m @ 1.18 g/t Au

FG22-035

258.32

-90

360

81

91

10m @ 0.96 g/t Au

including

81

83.21

2.21m @ 2.84 g/t Au

116

117

1m @ 0.25 g/t Au

128

129

1m @ 0.38 g/t Au

133

134

1m @ 0.31 g/t Au

145

152

7m @ 0.83 g/t Au

159

167

8m @ 0.31 g/t Au

including

163

167

4m @ 0.51 g/t Au

172

177

5m @ 0.75 g/t Au

190

191

1m @ 0.43 g/t Au

197

204.06

7.06m @ 0.39 g/t Au

210

211

1m @ 0.81 g/t Au

217

219

2m @ 0.41 g/t Au

229

231

2m @ 0.31 g/t Au

237

242

5m @ 0.33 g/t Au

244.97

246

1.03m @ 0.21 g/t Au

FG22-036C

235.31

-75

270

15

23

8m @ 1.46 g/t Au

98

99

1m @ 0.2 g/t Au

107

108

1m @ 0.43 g/t Au

122

127.07

1.07m @ 0.24 g/t Au

125

149

24m @ 1.2 g/t Au

160

162

2m @ 0.21 g/t Au

164

165

1m @ 0.21 g/t Au

176

177

1m @ 0.59 g/t Au

217

218

1m @ 0.22 g/t Au

INFILL

FG22-010C

202.69

-90

360

29

34

5m @ 0.35 g/t Au

48

49.17

1.17 m @ 1.44 g/t Au

62

71

9m @ 1.5 g/t Au

104

106

2m @ 0.47 g/t Au

128

130

2m @ 0.21 g/t Au

136

141

5m @ 0.32 g/t Au

149

151

2m @ 0.4 g/t Au

*Intervals are core-length. True width is estimated between 90-95 percent (“%”) of core length.

** Using 0.2 g/t Au cut-off.


Lemhi Gold Deposit:

As of November 9, 2022, 50 new core drill holes for a total of 12,168 metres and seven reverse circulation (“RC“) holes totalling 1,128 metres have been completed at Lemhi. These holes have been primarily designed to test on strike extensions of the known resource as well as infill in certain parts of the gold deposit. In particular, the drill program has focused on areas currently modelled as pit waste because of no or sparse drill data. All ounces added in these areas, even if close to the cut-off grade, will add value to the project as they come from zones in the resource shell that can now be upgraded to resources (Figures 1, 2 and 3 attached). An additional 20 holes or approximately 4,000m have been planned as part of the Phase 3 RC drill program which is ongoing.

All drill holes from the project have been logged, sampled and sent to the laboratory. Analytical results are pending.  

All drill core samples are sent to ALS Global Laboratories (Geochemistry Division), an independent and fully accredited laboratory (ISO 9001:2008) for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy (select drill holes), in Vancouver, Canada.  Freeman has a regimented Quality Assurance, Quality Control (QA/QC) program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. 

About the Company and Project

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the “Project“). The Project comprises 30 square kilometres of highly prospective land, hosting a near-surface oxide gold resource. The pit constrained National Instrument 43-101 (“NI 43- 101“) compliant mineral resource estimate is comprised of 749,800 oz gold (“Au“) at 1.02 grams per tonne (“g/t“) in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report titled “Maiden Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA” with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright Consulting Inc. available under the Company’s profile on SEDAR (www.sedar.com). The Company is focused on growing and advancing the Project towards a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geo., VP Exploration of the Company and a Qualified Person as defined by NI 43- 101.

On Behalf of the Company
William Randall
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release contains “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to exploration, results therefrom, and the Company’s future business plans. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/freeman-extends-lemhi-shallow-oxide-gold-mineralizaton-166-metres-to-the-west-301672335.html

SOURCE Freeman Gold Corp.

drill results
drilling
drill program
drill hole
cse-fman
freeman-gold-corp
freeman gold corp
press-release

Share this article:

News Releases

DFR Gold Completes Sale of Namibian Diamond Assets

DFR Gold Completes Sale of Namibian Diamond Assets
Canada NewsWire
VANCOUVER, BC, Feb. 8, 2023

VANCOUVER, BC, Feb. 8, 2023 /CNW/ – DFR Gold Inc. (TSXV: DFR) (“DFR” or the “Company”) (formerly Diamond Fields Resources Inc.) announced today that it c…

Share this article:

Continue Reading
Financing News

enCore Energy Closes C$34.5m Public Offering

enCore Energy Closes C$34.5m Public Offering
PR Newswire
CORPUS CHRISTI, Texas, Feb. 8, 2023

NYSE American:EUTSXV:EUwww.encoreuranium.com 
CORPUS CHRISTI, Texas, Feb. 8, 2023 /PRNewswire/ – enCore Energy Corp. (“enCore” or the “Company”) (NYSE Amer…

Share this article:

Continue Reading
Financing News

Why Uranium Market Prices are Poised for Big Breakout – $TRAC.C $URG $CCJ $BSK.V $FUU.V

Why Uranium Market Prices are Poised for Big Breakout Over Previous Highs
PR Newswire
PALM BEACH, Fla., Feb. 8, 2023

– FinancialNewsMedia.com News Commentary 
PALM BEACH, Fla., Feb. 8, 2023 /PRNewswire/ — Those who follow the uranium market prices…

Share this article:

Continue Reading

Trending