Freeman Gold Expands Lehmi Gold Project With 219 Additional Claims

Freeman Gold (CSE: FMAN) this morning announced that it staked an additional 219 claims at its Lehmi Gold project in Idaho. The additional claims bring the total size of the Lemhi Gold project o over 7,515 acres of ground that has largely been unexplored despite historic discoveries of the resource.

The additional stake claims are said to be in highly prospective areas, in the vicinity as well as along strike of known near surface oxide gold mineralization. The additional claims have seen over 355 drill holes between 1980 and 2013.

In addition to the increased land claims, Freeman also announced this morning the appointment of Tom Panoulias to the role of VP, Corporate Development effective June 10. Panoulias is a capital markets professional, having spent over 15 years at the likes of Echelon Wealth, Fraser Mackenzie and Dundee Capital Markets. Prior to serving in the capital markets, Panoulias was a mining executive, holding senior roles at Kinross Gold and TVX Gold.

"Having secured a total property package of approximately 30 square kilometers surrounding the historical Lemhi oxide gold mineralization allows the Company to increase its chances of discovering further satellite deposits. Given the current geological interpretation and the magnitude of the mineralized body, we feel that securing this additional land was imperative, as it will allow the Company to pursue an aggressive exploration program in conjunction with resource focused drilling."

Freeman Gold last traded at $0.62 on the CSE.


FULL DISCLOSURE: Lodge Resources Inc is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Lodge Resources Inc on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

The $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

Antimony Resources Ramps Up Drilling As It Hires SRK For Maiden Resource Estimate

McLaren Resources: Strategic Exploration in the Heart of the Timmins Gold District

Related News

Beijing’s Gold Buying Spree Accelerates: Imports Surge 73% in April

China’s gold imports surged 73% in April to 127.5 tonnes, reaching an 11-month high as...

Friday, May 23, 2025, 10:45:00 AM

SKRR Sees Olson Land Package Increased By 1,170 Hectares

SKRR Exploration (TSXV: SKRR) has expanded its land page at its Olson Gold Project in...

Tuesday, June 23, 2020, 08:42:17 AM

China Set To Expand Gold Trade Permits And Remove Usage Caps

China moved to ease licensing for gold imports and exports by extending permit validity to...

Friday, September 12, 2025, 02:15:00 PM

Mako Mining Reports 96.3% Gold Recovery Rate At San Albino, Announces Commercial Production

Mako Mining Corp. (TSXV: MKO) reported this morning the pre-commercial production results from its San...

Tuesday, July 13, 2021, 10:01:00 AM

Monarch Gold Upsizes Bought Deal To $10.0 Million

Evidently demand for Quebec based gold explorers is quite high. Monarch Gold (TSX: MQR) this...

Tuesday, August 25, 2020, 01:17:00 PM