December 16, 2020 (Source) —
- Expanded drill program consisting of 7,149m of core drilling completed over 35 drill holes
- Visible gold observed in 17 of the 26 logged holes to date
- All holes have intersected mineralization and geology consistent with Freeman’s geological model and understanding.
Freeman Gold Corp. (CSE:FMAN) (FSE:3WU) (“Freeman” or the “Company”) Will Randall, President and CEO, is pleased to provide an update for its 100% owned Lemhi gold project, located in Idaho, USA (“Lemhi” or “Project”).
Two diamond drill rigs completed 35 cored drill holes totaling 7,149 m (please refer to Table 1 for further details). The drilling campaign confirmed the presence of numerous structurally controlled stacked, flat lying gold mineralized horizons initially identified by 70,196 meters 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 to over 100 metres similar to that found in previous historic drilling and drill sections. Core samples have been sent to ALS Minerals Division, Vancouver, BC, and results are expected in the next 4 to 8 weeks. To date, 1,805 drill core and rock grab samples and 358 soil samples have arrived at ALS Minerals Division, Vancouver, BC. ALS is currently quoting turn-around times exceeding 60 days for analytical services. An additional 275 soil samples were sent to SGS Canada Inc., Burnaby, BC.
Will Randall, President & CEO, 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 step out 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 x 700 metre area from surface down to over 260 metres deep. We look forward to updating shareholders as assay results become available.”
Table 1 – Collar data for completed Phase 1 diamond drill holes with commentary
|Drill Hole||Year||Location||Depth m||Azi||Dip||Additional Comments**|
|FG20-001C||2020||500212||429994||247||277||-75||Visible gold within mineralized zone|
|FG20-002C||2020||500212||429994||242||0||-90||Visible gold within mineralized zone|
|FG20-003C||2020||500348||429947||185||0||-90||Visible gold within mineralized zone|
|FG20-004C||2020||500237||429949||223||298||-75||Visible gold within mineralized zone|
|FG20-006C||2020||500266||429969||213||267||-75||Visible gold in multiple places within mineralized zone|
|FG20-007C||2020||500340||429974||182||0||-90||Visible gold within mineralized zone|
|FG20-008C||2020||500266||429951||184||0||-90||Visible gold within mineralized zone|
|FG20-010C||2020||500276||429899||173||0||-90||Visible gold within mineralized zone|
|FG20-012C||2020||500456||429832||264||0||-90||Visible gold within mineralized zone|
|FG20-013C||2020||500227||429831||184||0||-90||Visible gold within mineralized zone|
|FG20-014C||2020||500566||429878||286||0||-90||Deepest hole drilled to date at Lemhi. Up to 50% sulphides|
|below the intrusion. Furthest hole east with significant|
|FG20-017C||2020||500195||430027||203||270||-75||Visible gold in multiple zones|
|FG20-019C||2020||500037||430003||170||0||-90||Visible gold within mineralized zone|
|FG20-022C||2020||500101||429597||223||0||-90||Visible gold within mineralized zone|
|FG20-023C||2020||500045||429726||212||0||-90||Visible gold within mineralized zone|
|FG20-024C||2020||500092||429577||222||0||-90||Visible gold within mineralized zone|
|FG20-026C||2020||500108||429550||227||0||-90||Visible gold in multiple places within mineralized zone|
|FG20-032C||2020||500187||429995||70||0||-90||Lost Hole – Had to re-collar|
|FG20-035C||2020||500037||430003||199||0||-90||PQ Hole for Metallurgical Test work|
**Core photos and drill sections can be found at www.freemangoldcorp.com
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 by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy. Freeman 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. Geo., VP Exploration of the Company, and a Qualified Person as defined by National Instrument 43-101 (“NI 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 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. 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
President & CEO
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 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 Company’s views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward–looking statements or forward–looking 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.