Freeman Gold Commences Drilling at lemhi and the Beauty Zone

Rhea-AI Summary

Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF) announced the commencement of Phase 2 diamond drilling at its Lemhi Gold Deposit and the newly discovered Beauty Zone in Vancouver, BC, on November 11, 2021. Drilling will utilize equipment from Cabo Drilling and aims to enhance resource expansion at the Lemhi project. The Lemhi project, covering 30 square kilometers, has a NI 43-101 compliant mineral resource estimate of approximately 749,800 oz gold at 1.02 g/t (indicated) and 250,300 oz gold at 1.01 g/t (inferred). All drill samples will undergo rigorous testing for quality assurance.

Positive

• Commencement of Phase 2 diamond drilling at Lemhi Gold Deposit and Beauty Zone.
• Strong NI 43-101 compliant mineral resource estimate: 749,800 oz gold at 1.02 g/t (Indicated), 250,300 oz gold at 1.01 g/t (Inferred).
• Drilling supported by a reputable company, Cabo Drilling.

Negative

• None.

CANADIAN SECURITIES EXCHANGE: FMAN

VANCOUVER, BC, Nov. 11, 2021 /PRNewswire/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to announce Phase 2 diamond drilling has commenced at the Lemhi Gold Deposit ("Lemhi") and the newly discovered Beauty Zone ("Beauty Zone"). Drilling will be completed utilizing a diamond drill provided by Cabo Drilling (Nevada) Inc.

For more details specific to the Phase 2 drill program refer to Freeman's press release dated October 27, 2021.

"We are excited to get drilling at Lemhi. The drill has commenced testing the Beauty Zone before it moves on to resource expansion drilling at the Lemhi deposit." commented Paul Matysek, Executive Chairman.

All drill core samples will be sent to ALS Minerals Division, Vancouver, BC, an independent and fully accredited laboratory in Canada for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy. Freeman has a regimented Quality Assurance, Quality Control program where at least 10% duplicates, blanks and standards are inserted into each sample shipment.

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 project hosts a near surface, shallow, high grade oxide gold resource. The pit constrained National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate is comprised of 749,800 oz gold ("Au") at 1.02 grams per tonne ("g/t") in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report titled "Maiden Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA" with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright Consulting Inc. available under the Company's profile on SEDAR (www.sedar.com). The Company is focused on growing and advancing the Lemhi Project towards a production decision. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., VP Exploration of the Company and a Qualified Person as defined by NI 43-101.

On Behalf of the Company
William Randall
President and Chief Executive Officer

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 is the latest update on Freeman Gold Corp. (FMANF)?

Freeman Gold Corp. announced the start of Phase 2 diamond drilling at the Lemhi Gold Deposit and Beauty Zone.

When was the Phase 2 drilling announced for Freeman Gold Corp. (FMANF)?

The Phase 2 drilling was announced on November 11, 2021.

What are the gold resource estimates for the Lemhi project by Freeman Gold Corp. (FMANF)?

The Lemhi project has an estimated 749,800 oz gold at 1.02 g/t (Indicated) and 250,300 oz gold at 1.01 g/t (Inferred).

Who is conducting the drilling for Freeman Gold Corp. (FMANF)?

Cabo Drilling is providing the equipment for the drilling operations.

What quality control measures are in place for Freeman Gold Corp.'s drilling samples?

Freeman Gold Corp. implements a rigorous program with at least 10% duplicates, blanks, and standards included in sample shipments.