Freeman Gold Corp (CSE: FMAN) is working towards publishing its maiden resource estimate. The company announced this morning that it’s board of directors has approved for the company to proceed with a 5,000 metre drill program, in addition to metallurgical test work and extensive groundwork that is primarily designed to establish the firms maiden resource at the Lemhi Gold project in Idaho.
The exploration program being conducted is to have four main objectives, which begins with twinning a portion of the historical drill holes found on site within the known mineralized material. This will enable the company to confirm the historic 355 drill holes that exist on site, which has featured results that include 1.80 g/t gold over 193 metres among others.
After twinning of certain drill holes has bee completed, the company will then move to conduct infill drilling to increase confidence and maximize its ounce count within the maiden resource. The resource is to be completed immediately after the completion of drilling, along with groundwork that consists of geophysics. These geophysic studies will be used to identify further potential areas of mineralization within the entire property.
The Lemhi Gold Project, located 40 kilometres north of Salmon, Idaho, consists of a total of more than 7,000 of land claims, of which 11 are patented and 322 are unpatented. Previous exploratory work was conducted on the property between 1984 and 1996, when two separate firms conducted mapping and drilling on the property, and went so far as conducting initial mine permitting work on the property. Fast forward several years, and in 2011 the Lemhi Gold Trust was formed as a joint venture to conduct further work on the property, including further drilling and coring. However, work ceased on the property in 2012 despite the best efforts of the venture.
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To Freeman’s benefit however, the data, while historic, remains available with the company having data on over 355 drill holes that were ultimately completed on the property. The most recent drilling, conducted in 2012, includes results such as 1.06 g/t gold being found over 152.86 meters, with mineralization beginning at 6.86 metres and extending as deep as 159.72 meters. Additional result highlights from historic drill programs conducted on site can be found here.
Freeman Gold last traded at $0.57 on the CSE.
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