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

People Don’t Want Cash. They Want Physical Silver. | Glenn Jessome – Silver Tiger

The Monetary System Is Cracking – Gold Is the Pressure Valve | Ross Beaty – Equinox Gold

Heliostar Metals: The Cerro del Gallo PFS

Recommended

Silver47 Reports Discovery Of FOMO Zone At Red Mountain After Sampling 1,793 g/t Silver Equivalent

When A Shut-Down Mine Starts Making Sense Again | Selkirk Copper

Related News

SSR Mining Hits 40.7 Metres Of 7.48 G/T Gold At Ardich

SSR Mining Inc. (TSX: SSRM) reported today more than a year’s worth of drill results...

Wednesday, August 18, 2021, 09:44:00 AM

New Found Gold Identifies New Zone With 18.1 G/T Gold Over 6.5 Metres Intercept

New Found Gold (TSXV: NFG) this morning announced a new high-grade gold discovery at its...

Thursday, January 14, 2021, 08:34:29 AM

Western Copper and Gold Reports $2.3 Billion After Tax NPV For Casino Deposit

Western Copper and Gold Corporation (TSX: WRN) shared today the results of its preliminary economic...

Tuesday, June 22, 2021, 09:58:00 AM

Newfoundland: An Unexpected Gold Exploration Destination

Newfoundland is often overlooked by investors when searching for investment opportunities in the gold sector....

Sunday, October 4, 2020, 09:00:00 AM

Oil, Gold See Intense Volatility As Russia-Ukraine Conflict Escalates

Oil prices were sent soaring on Thursday, after Russian military forces invaded Ukraine in the...

Thursday, February 24, 2022, 04:03:00 PM