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FREEMAN GOLD CORP - FMANF STOCK NEWS

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Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property. The Project comprises 30 square kilometers of highly prospective land, hosting a near-surface oxide gold resource. The company recently reported the results of its annual general and special meeting, where shareholders approved all resolutions. Freeman is dedicated to advancing the Project towards a production decision, with a pit constrained mineral resource of 988,100 oz gold (Au) in 30.02 million tonnes (Measured & Indicated) and 256,000 oz Au in 7.63 million tonnes (Inferred).

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Freeman Gold Corp. partners with GSI Environmental Inc. for permitting support at Lemhi Gold Deposit in Idaho. GSI's expertise in regulatory approvals and compliance enhances Freeman's mining operations. The Company also cancels 5,125,000 stock options, streamlining its equity structure.
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Freeman Gold Corp. (FMAN) files NI 43-101 Technical Report for Lemhi Gold Project with impressive results: After-tax NPV(5%) of US$212.4 million and IRR of 22.8% using a base case gold price of US$1,750/oz. Average annual gold production of 75,900 oz Au for a total life-of-mine 11.2 years payable output of 851,900 oz Au. LOM cash costs of US$809/oz Au and AISC of US$957/oz Au. Initial CAPEX of US$190 million.
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Freeman Gold Corp. announces results for the maiden Preliminary Economic Assessment on its Lemhi Gold project in Idaho, USA.
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Freeman Gold Corp. reports results of annual meeting; shareholders approve all resolutions
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Freeman Gold Corp. has announced an updated Mineral Resource Estimate (MRE) for its fully owned Lemhi Gold Deposit in Idaho, reflecting a significant increase in gold resources. The MRE shows a 24% increase in contained ounces and a 16% increase in overall grade. The Measured and Indicated resources now total 988,100 oz of gold at an average grade of 1.00 g/t, while Inferred resources amount to 234,700 oz at 1.01 g/t. With success attributed to infill and expansion drilling, the project remains open for further exploration. The new MRE provides a strong foundation for advancing to a maiden economic study, bolstered by a recovery assumption of 96.7% using conventional gold processing methods. Furthermore, 90% of the resource is located on patented claims.

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Freeman Gold Corp. (TSXV: FMAN) announced final results from its 12,000 metre Phase 2 and 3 drilling program at the Lemhi Gold Deposit in Idaho. All 71 drill holes intersected shallow oxide gold mineralization, with notable highlights including 1.23 g/t Au over 36m and 9.7 g/t Au over 3m. The program extended known mineralization further north and south, contributing to a total Indicated Mineral Resource of 749,800 ounces of gold at 1.02 g/t and an Inferred Mineral Resource of 250,300 ounces at 1.01 g/t. A new mineral resource estimate and Preliminary Feasibility Study are underway, as Freeman transitions focus to further resource expansion.

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Freeman Gold Corp. (TSXV: FMAN, OTCQX: FMANF) reports significant drill results from its Beauty Zone in Idaho, following the discovery hole FG21-003C, which yielded 6m at 68.23 g/t gold. Recent drilling included eight holes totaling 1,231 meters, confirming continuous mineralization along 150 meters strike and 115 meters dip. Notable intersections include 4.2m at 3.2 g/t Au (FG22-013C) and 12.19m at 1.49 g/t Au (FG22-056R). The Beauty Zone's expansion supports future resource estimates and potential incorporation into the Preliminary Economic Assessment (PEA). The project, which focuses on high-grade oxide gold, indicates robust exploration potential.

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Freeman Gold Corp. (OTCQX: FMANF) announced positive results from its Phase II drilling program at the Lemhi Gold Deposit in Idaho. Recent assays from 15 diamond drill holes highlighted significant shallow oxide gold mineralization, with notable intersections such as 5.95 g/t Au over 9.14m and 2.4 g/t Au over 13.72m. The current Indicated Mineral Resource stands at 22.94 million tonnes at 1.02 g/t Au, totaling 749,800 oz of gold. Notably, drilling has extended mineralization by 350 metres to the south and southwest, hinting at potential resource expansion. An updated Mineral Resource estimate will follow once all assays are received.

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Freeman Gold Corp. (FMANF) completed a 15,349-meter drill program at the Lemhi Gold Deposit, expanding gold mineralization significantly in all directions. Highlights include a discovery hole at Beauty Zone with 68.23 g/t Au over six meters and notable results of 1.2 g/t Au over 24m. The company secured Permanent Mining Water Rights and positive metallurgical results show 95% gold recovery. A Preliminary Economic Assessment by Ausenco Engineering is set for Q1 2023. This effective drilling and positive findings bolster the project’s development, with anticipated impact on future resource estimates.

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Freeman Gold Corp. (TSXV: FMAN) has reported significant progress in its 12,000m Phase II drill program at the Lemhi Gold Deposit in Idaho. Recent drill results highlight multiple intersections of shallow oxide gold mineralization, indicating potential resource expansion. Key findings include:

  • FG22-001C: 55m at 0.55 g/t Au (including 18.52m @ 1.1 g/t Au)
  • FG22-036C: 24m @ 1.2 g/t Au
  • FG22-011C: 66m at 0.61 g/t Au (including 5m @ 3.1 g/t Au)

The current Indicated Mineral Resource stands at 22.94 million tonnes at 1.02 g/t Au, equating to approximately 749,800 oz of gold.

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FAQ

What is the current stock price of FREEMAN GOLD (FMANF)?

The current stock price of FREEMAN GOLD (FMANF) is $0.0587 as of September 26, 2024.

What is the market cap of FREEMAN GOLD (FMANF)?

The market cap of FREEMAN GOLD (FMANF) is approximately 8.8M.

What is Freeman Gold Corp. focused on?

Freeman Gold Corp. is focused on the development of its 100% owned Lemhi Gold property, which comprises 30 square kilometers of highly prospective land with a near-surface oxide gold resource.

What recent achievement did Freeman Gold Corp. report?

Freeman Gold Corp. recently reported the results of its annual general and special meeting, where shareholders approved all resolutions detailed in the management information circular.

What is the mineral resource estimate for Freeman Gold Corp.?

Freeman Gold Corp. has a pit constrained mineral resource estimate of 988,100 oz gold (Au) in 30.02 million tonnes (Measured & Indicated) and 256,000 oz Au in 7.63 million tonnes (Inferred).

What is the primary goal of Freeman Gold Corp.?

The primary goal of Freeman Gold Corp. is to advance the Lemhi Gold Project towards a production decision.

Where can I find more information about Freeman Gold Corp.?

For further information, please visit the Company's website at www.freemangoldcorp.com or contact Bassam Moubarak by email at bm@bmstrategiccapital.com.

FREEMAN GOLD CORP

OTC:FMANF

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FMANF Stock Data

8.79M
122.16M
7.48%
Gold
Basic Materials
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United States of America
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