Saturday, May 31, 2025

Latest

Freeman Gold Identifies 11 Exploration Targets At Lemhi

Freeman Gold Corp (CSE: FMAN) this morning released the results of its 2020 exploration program on its flagship Lemhi Gold project, which is located in Idaho. The surface exploration campaign reportedly results in the identification of 11 high quality targets on the property that are proximal to the Lemhi resource, none of which have been drill tested to date.

The exploration program reportedly resulted in a total of 633 soil samples, 145 rock grab and channel samples, 565 kilometres of ground magnetics over the project, and 1.4 square kilometres of 3D IP data over the known mineralized zone. Further to this, the company also compiled historical data on the property that was incorporated into the database for the project.

Breaking down the results of the program,. the company saw a total of 54 samples return values higher than 1 g/t gold, while 20 returned values higher than 5 g/t gold, with the highlight value being 450 g/t gold. Values of silver in excess of 10 g/t were also found in 27 samples, with the highest value being 219 g/t. Five new targets were identified by the program, which are to be prospected, mapped, soil sampled, and possibly drilled as a result.

Figure 1 – Map of Lemhi property showing priority exploration targets and selected highlights (CNW Group/Freeman Gold Corp.)

“The exploration results demonstrate that targets both in close proximity and further afield from the known Lemhi mineralized gold oxide zone exist throughout the property. Since Freeman is the first company to have a large consolidated land package along the major northeast structure, we feel confident we are on the right track to make additional gold discoveries.” 

Will Randall, CEO of Freeman Gold

Ground magnetics meanwhile identified a structure that is 1.7 kilometres along strike and northeast of known mineralization on the property that contains similar structural aspects as the known mineralization on the property. Furthermore, a feature 7 kilometres in length has been identified which follows extensions of known mineralization on the property, while an additional 1.2 kilometre body was also identified.

Field crews have reportedly been mobilized to site to conduct further exploration, including ionic leach soil sample surveys over certain priority targets.

Freeman Gold last traded at $0.31 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Starr Peaks Assays Grab Samples At 157 G/T Gold At Turgeon Lake Property

Starr Peak Exploration (TSXV: STE) has finally received assay results from sampling that was conducted...

Wednesday, December 9, 2020, 09:03:50 AM

New Found Gold Sued By ThreeD Capital Over Private Share Transaction

Sometimes, private transactions are far messier than public transactions, despite what many retail investors think....

Thursday, August 6, 2020, 02:43:48 PM

Treasury Metals Hits 7.15 G/T Gold Over 15.0 Metres At Goliath Gold Complex

Treasury Metals (TSX: TML) this morning reported assay results from twelve drill holes. The results...

Thursday, February 11, 2021, 07:43:32 AM

Magna Gold Finally Closes $10 Million Secured Debt Financing

Magna Gold (TSXV: MGR) has closed its previously announced financing. The company managed to raise...

Friday, August 20, 2021, 08:31:49 AM

Exploits Discovery Obtains Drill Permits For Schooner Prospect

Exploits Discovery (CSE: NFLD) has received drill permits for its Schooner Prospect. The company this...

Thursday, April 8, 2021, 09:04:36 AM