register free | resend password


Freeman Gold Confirms Gold Mineralization in First 3,000 Metres of Drlling at Lemhi

ID: 1561866
recent pressrelease next pressrelease

(businesspress24) - - Visible gold observed in 6 of logged drill holes
- All holes have intersected mineralization and geology consistent with Freemans geological model and understanding
- Remaining 2,000 metres will focus on infill drilling within main historical resource area

SALMON, IDAHO- October 29, 2020 - Freeman Gold Corp. (CSE:FMAN) (OTC Pink: FMANF) (FSE:3WU) (Freeman or the Company) Will Randall, President and CEO, is pleased to provide an exploration update for its 100% owned Lemhi Gold Project, located in Idaho, USA (Lemhi or Project).

Two diamond drill rigs are currently operating around the clock at Lemhi, with 16 cored drill holes totaling 3,328 m completed to date (please refer to Table 1 for further details). The on-going 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 5 holes drilled within the 30 square kilometer 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, BC, and results are pending.

Will Randall, President & CEO, commented Our Phase 1 drill campaign is successfully underway 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 NI 43-101 compliant resource estimate,

Table 1 - Collar data for completed Phase 1 diamond drill holes with commentary

Drill YearLocation DepthAzimuDip Additional
Hole Easting/No m th Comments**
rthing
Number (NAD83)

FG20-0020205002124299247 270 -75 Visible gold within
1C 94 mineralized
zone

FG20-0020205002124299242 0 -90 Visible gold within
2C 94 mineralized
zone

FG20-0020205003484299185 0 -90 Visible gold within
3C 47 mineralized
zone

FG20-0020205002374299223 270 -75
4C 49

FG20-0020205004054299210 0 -90
5C 50

FG20-0020205002664299213 270 -75 Visible gold in
6C 69 multiple places
within mineralized
zone

FG20-0020205003404299182 0 -90 Visible gold within
7C 74 mineralized
zone

FG20-0020205002664299184 0 -90
8C 51

FG20-0020205005004299197 0 -90
9C 26

FG20-0120205002764298173 0 -90
0C 99

FG20-0120205002454298173 0 -90
1C 77

FG20-0120205004564298264 0 -90 Visible gold within
2C 32 mineralized
zone

FG20-0120205002274298184 0 -90
3C 31

FG20-0120205005664298286 0 -90 Deepest hole
4C 78 drilled to date at
Lemhi. Up to 50%
sulphides below
the intrusion.
Furthest hole
east with
significant
mineralized zone.


FG20-0120205002484300201 0 -90
5C 00

FG20-0120205003404300164 0 -90
6C 01
https://www.irw-press.at/prcom/images/messages/2020/54017/Freeman_291020_ENPRcom.001.jpeg

Image 1: Visible gold within mineralized zone

**Drill sections can be found at www.freemangoldcorp.com
In addition to the on-going 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-kilometers of ground magnetics, high resolution drone photo mosaics and a 1.4 square kilometer three dimensional (3D) Induced Polarization (IP) survey.

All drill core, rock and soil samples are sent to ALS Minerals Division, Vancouver, BC, an independent and fully accredited laboratory in Canada for analysis for gold multi-element Induction Coupled Plasma Spectroscopy. Freeman Gold has a regimented Quality Assurance, Quality Control program where at least 10% 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, P. Geol., the VP Exploration for the Company and a Qualified Person as defined by the National Instrument 43-101.

About the Company

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the Lemhi Project). The Lemhi Project comprises 30 square kilometers 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 towards de-risking the asset and producing a maiden NI 43-101 compliant resource estimate as a result of both brownfield and greenfield exploration.

On Behalf of the Company
William Randall, President & CEO of Freeman Gold

For further information, please visit the Companys website at www.freemangoldcorp.com or contact Mr. Ken Cotiamco at 604-687-7130 or by email at: ken(at)freemangoldcorp.com

Forward Looking Statements: This press release contains forwardlooking information or statements within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its 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 Companys views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.



More information:
http://https:// https://yekshart.com https://tiretools.by/ https://redburgremont.ru/



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:





PressContact / Agency:



published by: irw
print pressrelease  send to a friend  

Date: 10/29/2020 - 12:49
Language: English
News-ID 1561866
Character count: 4389
Kontakt-Informationen:
Firma: Freeman Gold Corp.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 205

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 66


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.