Freeman Gold Stock Price, News & Analysis

Freeman Gold Corp. has announced an updated Mineral Resource Estimate (MRE) for its fully owned Lemhi Gold Deposit in Idaho, reflecting a significant increase in gold resources. The MRE shows a 24% increase in contained ounces and a 16% increase in overall grade. The Measured and Indicated resources now total 988,100 oz of gold at an average grade of 1.00 g/t, while Inferred resources amount to 234,700 oz at 1.01 g/t. With success attributed to infill and expansion drilling, the project remains open for further exploration. The new MRE provides a strong foundation for advancing to a maiden economic study, bolstered by a recovery assumption of 96.7% using conventional gold processing methods. Furthermore, 90% of the resource is located on patented claims.

Freeman Gold Corp. (TSXV: FMAN) announced final results from its 12,000 metre Phase 2 and 3 drilling program at the Lemhi Gold Deposit in Idaho. All 71 drill holes intersected shallow oxide gold mineralization, with notable highlights including 1.23 g/t Au over 36m and 9.7 g/t Au over 3m. The program extended known mineralization further north and south, contributing to a total Indicated Mineral Resource of 749,800 ounces of gold at 1.02 g/t and an Inferred Mineral Resource of 250,300 ounces at 1.01 g/t. A new mineral resource estimate and Preliminary Feasibility Study are underway, as Freeman transitions focus to further resource expansion.

Freeman Gold Corp. (TSXV: FMAN, OTCQX: FMANF) reports significant drill results from its Beauty Zone in Idaho, following the discovery hole FG21-003C, which yielded 6m at 68.23 g/t gold. Recent drilling included eight holes totaling 1,231 meters, confirming continuous mineralization along 150 meters strike and 115 meters dip. Notable intersections include 4.2m at 3.2 g/t Au (FG22-013C) and 12.19m at 1.49 g/t Au (FG22-056R). The Beauty Zone's expansion supports future resource estimates and potential incorporation into the Preliminary Economic Assessment (PEA). The project, which focuses on high-grade oxide gold, indicates robust exploration potential.

Freeman Gold Corp. (OTCQX: FMANF) announced positive results from its Phase II drilling program at the Lemhi Gold Deposit in Idaho. Recent assays from 15 diamond drill holes highlighted significant shallow oxide gold mineralization, with notable intersections such as 5.95 g/t Au over 9.14m and 2.4 g/t Au over 13.72m. The current Indicated Mineral Resource stands at 22.94 million tonnes at 1.02 g/t Au, totaling 749,800 oz of gold. Notably, drilling has extended mineralization by 350 metres to the south and southwest, hinting at potential resource expansion. An updated Mineral Resource estimate will follow once all assays are received.

Freeman Gold Corp. (FMANF) completed a 15,349-meter drill program at the Lemhi Gold Deposit, expanding gold mineralization significantly in all directions. Highlights include a discovery hole at Beauty Zone with 68.23 g/t Au over six meters and notable results of 1.2 g/t Au over 24m. The company secured Permanent Mining Water Rights and positive metallurgical results show 95% gold recovery. A Preliminary Economic Assessment by Ausenco Engineering is set for Q1 2023. This effective drilling and positive findings bolster the project’s development, with anticipated impact on future resource estimates.

Freeman Gold Corp. (TSXV: FMAN) has reported significant progress in its 12,000m Phase II drill program at the Lemhi Gold Deposit in Idaho. Recent drill results highlight multiple intersections of shallow oxide gold mineralization, indicating potential resource expansion. Key findings include:

• FG22-001C: 55m at 0.55 g/t Au (including 18.52m @ 1.1 g/t Au)
• FG22-036C: 24m @ 1.2 g/t Au
• FG22-011C: 66m at 0.61 g/t Au (including 5m @ 3.1 g/t Au)

The current Indicated Mineral Resource stands at 22.94 million tonnes at 1.02 g/t Au, equating to approximately 749,800 oz of gold.