Freeman Drills Highest Grade Zone to Date: 2.5 g/t Au Over 151 Metres Including 25 g/t Au Over 8.7 Metres

Rhea-AI Summary

Freeman Gold Corp. (CSE: FMAN) has announced significant assay results from the final 20 diamond drill holes of its 2020 drill program at the Lemhi Gold Project in Idaho. Highlights include the highest-grade intercept of 2.5 g/t Au over 151m from drill hole FG20-017C, and other notable results show intersections such as 1.2 g/t Au over 42.6m and 1.4 g/t Au over 48.4m. These findings will contribute to a maiden resource estimate that incorporates both historical and new data. The drill program has validated historical mineralization and is expected to enhance resource confidence.

Positive

• Highest grade intercept of 2.5 g/t Au over 151m reported at Lemhi.
• Successful confirmation of historically defined mineralization.
• Increased drill density provides robust basis for maiden resource estimate.
• High-grade shallow oxide gold mineralization across all drill holes.

Negative

• None.

•  Freeman releases the highest grade intercept ever drilled at Lemhi from the remaining 20 diamond drill holes of the 2020 35-hole drill program
• Highlights include: 2.5 g/t Au over 151m, including 25 g/t Au over 8.7m (FG20-017C); 1.2 g/t Au over 42.6m (FG20-012C); 0.9 g/t Au over 72.4m, including 2.1 g/t Au over 21.1m (FG20-026C); and 1.4 g/t Au over 48.4m, including 2.1 g/t over 22m (FG20-032C)
• As a result of the 2020 drill program and increased drill density the maiden resource estimate will include drill assay results from both historical (355 holes – approx. 70,000 metres) and new drilling (35 holes – 7,200 metres)

CANADIAN SECURITIES EXCHANGE: FMAN                            

SALMON, Idaho, March 18, 2021 /PRNewswire/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or  the "Company") is pleased to provide assay results of core from the remaining 20 diamond drill holes of the 35 hole 2020 program on Freeman's 100% owned Lemhi Gold Project located in Idaho. The objective of the 2020 Phase 1 drill program was designed to confirm historical mineralization and allow the use of over 355 historical drill holes in a maiden National Instrument 43-101 compliant resource estimate. The drill program focused on infill and step-out drilling within the known mineralized body to increase confidence and maximize the potential resource. The drilling completed by Freeman successfully confirmed historically defined mineralization and provided valuable infill drilling to increase confidence levels of the upcoming resource estimate.

All holes drilled to date have intersected high-grade shallow oxide gold mineralization. Drill hole FC20-017C intersected 2.5 g/t Au over 151m, representing the highest gold content in any single hole drilled at Lemhi based on a gold times core length metric (grams Au x total mineralized length = 377.5). Selected highlighted results from the 13 holes are 2.5 g/t Au over 151m, including 25 g/t Au over 8.7m (FG20-017C); 1.2 g/t Au over 42.6m (FG20-012C); 0.9 g/t Au over 72.4m, including 2.1 g/t Au over 21.1m (FG20-026C); and 1.4 g/t Au over 48.4m, including 2.1 g/t over 22m (FG20-032C).

Drill sections can be found on our website at https://freemangoldcorp.com/wp-content/uploads/2021/03/2020-Drill-Sections-March-2021.pdf or by clicking here.

Table 1 – Significant Drill Results

Drill Hole ID	Azimuth, Dip (degrees)		Total Depth (m)	Depth (m)		Interval (m)	Average Grade (g/t Au)
				From	To
FG20-012C	-90	360	264	56.9	99.5	42.6	1.2
including				56.9	70.0	13.2	2.5
and				139.6	234.5	94.9	0.4
including				139.6	150.0	10.4	2.1
including				143.7	148.1	4.4	4.2
FG20-017C	270	-75	203	29.0	180.0	151.0	2.5
including				29.0	33.1	4.1	4.9
including				45.0	48.0	3.0	14.5
including				74.0	82.7	8.7	25.0
including				121.0	137.0	16.0	3.4
including				127.0	131.0	4.0	8.3
including				175.0	177.0	2.0	5.3
FG20-018C	360	-90	178	12.0	47.0	35.0	0.3
and				112.3	163.0	50.7	0.4
including				112.3	124.0	11.7	1.0
FG20-019C	360	-90	170	52.0	56.0	4.0	1.2
including				78.0	127.1	49.1	0.9
including				78.0	81.0	3.0	2.3
including				101.9	105.0	3.1	2.9
FG20-020C	360	-90	201	75.0	110.0	35.0	0.3
including				83.0	84.0	1.0	4.2
including				109.0	110.0	1.0	3.6
FG20-021C	360	-90	170	32.9	57.9	25.0	0.6
including				32.9	34.0	1.1	3.1
including				47.0	53.0	6.0	1.7
and				129.1	133.0	3.9	1.3
FG20-022C	360	-90	223	4.0	34.1	30.1	1.0
including				22.0	28.0	6.0	4.6
and				198.0	203.3	5.3	1.1
FG20-023C	360	-90	212	2.1	26.6	24.5	0.5
including				24.9	26.6	1.7	3.5
and				95.0	98.1	3.1	0.9
and				120.3	122.8	2.5	1.1
and				174.5	194.4	20.0	0.6
FG20-024C	-90.0	360.0	222.0	143.0	215.0	72.0	0.4
including				180.0	181.0	1.0	10.2
including				205.1	208.0	2.9	1.4
FG20-025C	360	-90	238	17.8	69.0	51.3	0.3
including				26.0	28.0	2.0	1.9
and				116.0	127.0	11.0	0.6
and				189.6	206.0	16.4	0.5
FG20-026C	360	-90	227	21.3	38.1	16.7	0.8
and				101.0	173.4	72.4	0.9
including				139.0	160.1	21.1	2.1
including				141.0	149.9	8.8	4.1
including				171.3	173.0	1.7	5.0
FG20-027C	360	-90	235	9.0	72.5	63.5	0.5
including				63.0	72.5	9.5	1.9
including				68.0	72.5	4.5	2.8
and				192.1	212.0	20.0	0.5
FG20-028C	360	-90	197	20.0	21.0	1.0	2.0
and				76.0	77.0	1.0	1.2
and				95.0	192.0	97.0	0.5
including				149.0	174.0	25.0	1.1
including				155.0	156.0	1.0	10.9
FG20-029C	360	-90	249	48.0	66.0	18.0	1.1
FG20-030C	360	-90	214	4.0	123.0	119.0	0.4
including				73.0	95.0	22.0	1.0
including				75.8	78.1	2.3	2.9
including				109.2	123.0	13.9	1.1
and				145.0	150.9	5.9	1.0
and				167.0	173.1	6.1	0.9
FG20-031C	360	-90	228	39.0	87.2	48.2	0.4
including				71.2	74.0	2.8	2.4
and				180.0	188.1	8.1	2.1
FG20-032C	360	-90	70	Lost hole
FG20-033C	360	-90	199	112.3	161.0	48.8	1.4
including				116.0	138.0	22.0	2.1
including				155.8	160.3	4.6	4.0
FG20-034C	360	-90	182	102.3	110.0	7.6	2.3
and				132.0	141.0	9.0	1.5
including				133.0	135.0	2.0	4.0
FG20-035C	360	-90	199	8.7	189.0	180.4	0.5
				20.0	23.0	3.0	3.9
				50.0	53.0	3.1	2.7
				128.5	167.0	38.5	1.1
				149.5	153.0	3.5	6.6

*Intervals are core-length. True width is estimated between 90-95 percent (%) of core length.

Will Randall, President and CEO, commented, "The 2020 diamond drill program at Lemhi not only confirmed the vast and comprehensive historical database, but also added confidence. This gives us an excellent basis upon which to complete our maiden compliant resource estimate, with the joint objective of maximizing the resource count, increasing the resource confidence categories, and identifying areas for future growth. Our team is working on the interpretation and modelling and we will have further updates as these results come in.

Geologically, the Lemhi Gold Project lies within the Idaho-Montana porphyry belt, a northeast-trending alignment of metallic ore deposits and mines related to granitic porphyry intrusions. These extend north-easterly across Idaho and are related to the Trans-Challis fault system, a broad (20-30 km-wide) system of en-echelon northeast-trending structures extending from Boise Basin more than 270 km into Montana. At Lemhi, gold mineralization is hosted in Mesoproterozoic quartzites and phyllites within a series of relatively flat-lying lodes consisting of quartz veins, quartz stockwork and breccias and is located along the western edge of an intrusion.  Mineralized lodes are associated with low angle faults, folding and shear zone(s).  The mineralized zones have varying amounts of sulphides (pyrite, chalcopyrite, bornite, molybdenum, and occasionally arsenopyrite) where free gold is common. Gold mineralization at Lemhi is open at depth and on strike in all directions.    

All drill core and rock samples were sent to ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy (select drill holes). Freeman has a regimented Quality Assurance, Quality Control ("QA/QC") program where at least 10% duplicates, blanks and standards are inserted into each sample shipment.  Drill hole FG20-035C was a PQ hole drilled primarily for metallurgical testing. Subsequently a portion of the samples from hole FG20-035C were analyzed at SGS Canada Inc., Burnaby, B.C., Canada, an independent and fully accredited laboratory (ISO 9001: 2008) for analysis for gold by Fire Assay.

Core photos and drill sections can be found at www.freemangoldcorp.com.      

The technical content of this release has been reviewed and approved by Dean Besserer, P. Geo., the VP Exploration of the Company and a Qualified Person as defined by the National Instrument 43-101.

About the Company

Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the "Lemhi Project"). The Lemhi Project comprises 30 square kilometers of highly prospective land. The mineralization at the Lemhi Project consists of shallow, near surface primarily oxide gold mineralization that has been identified from 355 historic drill holes and is open at depth and in multiple directions. The Company has completed an initial Phase 1 diamond drill program which will form the basis for a maiden National Instrument 43-101 compliant resource estimate.

On Behalf of the Company
William Randall
President and CEO

Forward Looking Statements: This press release contains "forward–looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Freeman Gold Corp.

FAQ

What are the latest drill results for Freeman Gold Corp. (FMANF) at the Lemhi Gold Project?

Freeman Gold Corp. reported drill results showing significant gold grades, including 2.5 g/t Au over 151m from drill hole FG20-017C.

How does Freeman Gold's 2020 drill program affect its resource estimate?

The 2020 drill program has validated historical mineralization and increased drill density, which will enhance the upcoming maiden resource estimate.

What is the significance of the gold grades reported from Lemhi for FMANF investors?

The high gold grades reported indicate potential for strong resource estimates, which can positively influence stock performance and investor confidence.

When was the press release regarding Freeman Gold Corp.'s drill results issued?

The press release was issued on March 18, 2021.

What is the purpose of Freeman Gold's Phase 1 drill program?

The Phase 1 drill program aimed to confirm historical mineralization and allow for the incorporation of over 355 historical drill holes in a compliant resource estimate.