This morning Freeman Gold (CSE: FMAN) announced they have begun metallurgical test work on their 100% owned Lemhi Gold Project, with the goal of advancing towards a production decision. The company has done a comprehensive review of the historical information and test work conducted by previous operators, and designed a program to follow-up and enhance gold recoveries, ultimately leading to a project flowsheet for the Lemhi Project.
We have a very strong foundation of metallurgical test work from previous operators of the Lemhi project which indicate excellent recoveries using conventional leach technologies. This body of work has saved us considerable time and money in designing a metallurgical program that will provide an optimal process and recovery parameters at Lemhi. As part of our 2020 drill campaign, we completed a large diameter diamond drill hole providing us valuable material for the testing program which will be conducted at SGS Canada.Will Randall, President & CEO, Freeman Gold
Historical test work from the mid 90s focused primarily on cyanide leaching to evaluate heap leach potential, showed gold recovery ranged from the 70% to 90% range. The new study will focus on leach response, as well as investigate optional procedures, including froth flotation, primarily for deeper less oxidized material, and for establishing design and operating parameters for crushing, grinding, and leaching circuits.
The full news release can be read here.
Freeman Gold last traded at $0.58 per share on the Canadian Securities Exchange.
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SmallCapSteve started blogging in the Winter of 2009. During that time, he was able to spot many take over candidates and pick a variety of stocks that generated returns in excess of 200%. Today he consults with microcap companies helping them with capital markets strategy and focuses on industries including cannabis, tech, and junior mining.