Wednesday, May 7, 2025

Latest

Freeman Reports Multiple Instances Of Visible Gold In Drill Cores

Freeman Gold Corp (CSE: FMAN) has hit visible gold in Idaho. The company provided a market update this morning in relation to its ongoing drill program, which to date has conducted a total of 16 drill holes that total 3,328 metres via two drill rigs that are on site.

Notably, the company has indicated that each hole conducted thus far has intersected mineralization on the property, which is said to be consistent with the current geological model. Extensive gold mineralization horizons have been confirmed on the property, with multiple instances of visible gold being found in the drill core. Samples are currently awaiting assay results.

The current program being conducted at the Lemhi Gold project in Idaho is 5,000 metres in size, with approximately 2,000 metres remaining to be conducted. Designed to include 33 drill holes, the program has a number of priorities, including twinning certain holes, completing infill drilling along sections, conduct interpretation of mineralization, completing initial bench scale metallurgy, and finally to complete a maiden NI 43-101 compliant resource estimate.

In addition to drilling, ground exploration is also ongoing. To date, 141 rock grab and channel samples have been conducted, along with 633 soil samples and 181 line-kilometres of ground magnetics, and finally, a 1.4 square kilometre IP survey.

“Our Phase 1 drill campaign is successfully underway and is confirming our understanding of the mineralization and geology of the Lemhi Gold Project. The mineralization is generally flat lying within Proterozoic metasediments. Quartz veining, silicification, brecciation and faulting dominate the mineralized zones and are oxidized from surface. Results have so far matched historical logs closely. Multiple flat lying, high grade zones, often containing visible gold, are stacked and may constitute a bulk tonnage target.”

Will Randall, CEO

Freeman Gold last traded at $0.54 on the CSE.


FULL DISCLOSURE: Freeman Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Freeman Gold Corp 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

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Gold Prices Could Reach $20,000, Chairman of Franco Nevada Makes the Prediction

Pierre Lassonde, who is a well-known Canadian businessman and philanthropist, in addition to being a...

Sunday, April 12, 2020, 03:05:41 PM

Xander Resources Expects To Commence Drilling At Senneville In February

Xander Resources (TSXV: XND) this morning provided an update to the market in relation to...

Friday, January 8, 2021, 08:45:24 AM

Kirkland Lake Gold Reports Measured & Indicated Resource Of 14.7 Million Gold Ounces For Detour Lake

Kirkland Lake Gold Ltd. (TSX: KL) shared today the results of the 2021 mid-year mineral...

Thursday, September 2, 2021, 09:39:00 AM

Lundin Mining Downgraded By Canaccord Due To Candelaria Mine Concerns

Lundin Mining Corporation (TSX: LUN) reported its second quarter financials on July 28. The company...

Friday, August 6, 2021, 11:54:00 AM

India Scraps Gold Deposit Program After Underwhelming Results

India has terminated a decade-old program that allowed citizens to deposit gold with banks in...

Tuesday, April 8, 2025, 02:10:00 PM