Freeman Gold (CSE: FMAN) this morning released further drill results from its 2020 Phase 1 drill program at its flagship Lemhi Gold Project, which is located in Idaho. Highlight results from the program include 1.6 g/t gold over 86.0 metres within hole FG20-007C.
The company in total released 11 drill hole results this morning, from a total of 34 diamond drill holes that were conducted last year. This is believed to bring the total number of released assay results to fifteen holes, after the company announced assays of 14.0 g/t gold over 10 metres among others back in January.
The drill program was designed by the company to effectively confirm historical mineralization that was reported on the property, and to allow the use of over 355 historical drill holes for which the company has data. The company is intending to use the data, once eligible, for its 43-101 compliant maiden resource estimate.
Sponsored · Cambria Gold Mines
Highlights from the results released this morning include:
- FG20-005C: 2.6 g/t gold over 14.1 metres
- FG20-007C: 1.6 g/t gold over 86 metres, including 2.2 g/t gold over 20.2 metres
- FG20-008C: 0.9 g/t gold over 174.2 metres, including 3.9 g/t gold over 18.5 metres
- FG20-013C: 3.5 g/t gold over 9.5 metres
“These drill results continue to demonstrate the consistent high grade, near surface nature of the gold mineralization at Lemhi. In particular, we are very pleased at the response to drill testing the high-grade structures which are behaving in a consistent and predictable manner. We are also encouraged by FG20-014C which is our first drill hole to explore possible repetitions of the flat lying structures at depth below a predominant intrusive body. We now have confirmed that gold mineralization continues at depth and will be working on follow up work to maximize this discovery.”
Will Randall, CEO of Freeman Gold
Freeman Gold last traded at $0.49 on the CSE.
FULL DISCLOSURE: Freeman is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Freeman Gold 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.
