Freeman Gold Hits High-Grade Intervals at Lemhi Project
Freeman Gold's Recent Drilling Highlights
Freeman Gold Corp. (TSXV: FMAN) recently reported impressive results from their reverse circulation drilling program at the Lemhi Gold Project. The southern portion yielded high-grade mineralization, with notable intersections present. In total, nine out of thirteen drill holes revealed grades exceeding 1 g/t Au, showcasing a promising development for the project.
Significant Mineralization Results
The 2025 drilling program included approximately 2,860 meters across thirty drill holes, with drill hole FG25-013RC fetching outstanding results of 2.6 g/t Au over 12.2 meters. Eight other drill holes outperformed previous expectations regarding intercept thickness and grades, enhancing the project's overall potential.
Objectives of the Drill Program
The primary reason for this drilling undertaking was to convert inferred ounces from the contemporary mineral resource estimate (MRE) into measured or indicated categories. The drill holes aimed to provide a solid foundation for updating the MRE aligned with the findings of the ongoing feasibility study.
Future Expansion Plans
CEO Bassam Moubarak expressed optimism regarding the results, stating, "These exciting new results support the goal of extending the Lemhi resource further south. They have surpassed our expectations based on the last MRE. Together with previous results, we are hopeful about upgrading our MRE and converting additional ounces into the Measured and Indicated categories." The company has since initiated additional core drilling to build on the promising high-grade results.
About the Lemhi Gold Project
Freeman Gold Corp. is focused on advancing its wholly-owned Lemhi Gold property, which spans 30 square kilometers and hosts a near-surface oxide gold resource. Recent resource estimations indicate 988,100 ounces of gold at 1.0 g/t Au, highlighting its resource-rich potential and indicating a significant opportunity for future exploration.
Exploration and Economic Viability
Over the years, Freeman Gold has conducted extensive drilling at the Lemhi property, amounting to 92,696 meters and 525 drill holes. A recent price sensitivity analysis revealed a preliminary economic assessment (PEA) showing a net present value of $329 million after taxes, with strong return rates projected based on enhanced gold prices.
Quality Assurance in Sampling
Freeman Gold emphasizes a robust Quality Assurance and Quality Control (QA/QC) program in its sampling methods. The samples are sent to ALS Global Laboratories, an independent facility, where they undergo meticulous analysis to ensure consistent quality results.
Investment Considerations
Investors observing Freeman Gold's advancements may find value in the recent results. The company's push towards resource expansion at the Lemhi Gold Project presents an exciting opportunity. As they continue to build upon these results and pursue further exploration, Freeman Gold Corp. is well-positioned for significant developments ahead.
Frequently Asked Questions
What are Freeman Gold's latest drilling results?
Freeman Gold has reported high-grade intervals, including 2.6 g/t Au over 12.2 meters in recent drill hole FG25-013RC.
How many drill holes were included in the recent program?
The program comprised thirty drill holes, with significant results from the first thirteen holes analyzed.
What does the current resource estimate indicate?
The current estimate indicates a total of 988,100 ounces of gold at an average grade of 1.0 g/t in the Lemhi Gold Project.
Who is the CEO of Freeman Gold Corp.?
The CEO of Freeman Gold Corp. is Bassam Moubarak, who has expressed optimism regarding the recent exploration results.
What future plans does Freeman Gold have for the Lemhi property?
Freeman Gold aims to convert additional ounces from inferred to measured and indicated categories and expand its resource through continued exploration efforts.
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