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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. announces positive results from its resource expansion drill program at the Lemhi Gold Deposit in Idaho. The company has successfully extended known mineralization up to 80 meters to the east with 11 diamond drill holes completed totaling 12,168 meters. Significant results include 41m at 0.94 g/t Au in FG22-014C and 16m at 2.1 g/t Au in FG22-016C. The current mineral resource is estimated at 749,800 oz of gold, and the expansion is expected to enhance this figure, improving project economics.

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Freeman Gold Corp. has completed its Phase II diamond drilling program at Lemhi Gold Deposit, Idaho, with 50 holes and 12,168 meters drilled, primarily aimed at expanding known mineralization. The company now plans Phase III, which includes an additional 25 holes totaling 5,000 meters. As of August 31, 2022, the current mineral resource estimate stands at 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of gold. Freeman has engaged Ausenco Engineering for a Preliminary Economic Assessment to evaluate the project’s economic viability.

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Freeman Gold Corp. (FMANF) announced the results of its shareholder meeting held on June 22, 2022. Shareholders re-elected incumbent directors and approved multiple resolutions, including the re-appointment of Crowe MacKay LLP as auditor and the ratification of the stock option and RSU plans. The Company awarded 150,000 RSUs to independent directors. Freeman continues to advance its 100% owned Lemhi Gold property in Idaho, hosting an NI 43-101 compliant mineral resource estimate of 749,800 oz gold (Indicated) and 250,300 oz gold (Inferred).

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Freeman Gold Corp. (TSXV: FMAN, OTCQX: FMANF) has received approval for Water Rights (Permit No. 75-15005) from the Idaho Department of Water Resources. This permit allows the company to utilize up to 0.54 cubic feet per second of groundwater, essential for mining operations and domestic use in their Lemhi Gold Deposit area. The water usage aligns with typical consumption for gold mining, supporting projected extraction of up to 100,000 ounces annually. The Lemhi Gold Project, encompassing 30 square kilometers, holds a total resource estimate of 1,000,100 ounces of gold.

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Freeman Gold Corp. (FMANF) has received approval from the USDA-Forest Service for a Plan of Operations, allowing the construction of 28 drill pads at the Lemhi Gold Deposit. The project focuses on testing four high-priority exploration targets and conducting resource expansion drilling. Recent drilling includes 5 new holes at Beauty with assay results pending, and 21 holes completed at Lemhi over 7,926 meters. Total completed drilling now stands at 37 holes with 8,977 meters drilled. The Company aims to convert pit waste material into resources, potentially enhancing the project's value.

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Freeman Gold Corp. (TSX-V: FMAN) announced a significant gold-silver discovery at the Beauty Zone in Idaho, located 600 meters from the Lemhi Gold Deposit. Drill hole FG21-003C reported 6m at 68.23 g/t Au and 40.18 g/t Ag, highlighting the highest-grade mineralization to date. The mineralization is open to the north and northwest, indicating potential for further exploration. Follow-up drilling is scheduled for Q2 2022. The Beauty Zone, characterized by a 350m x 250m gold anomaly, represents a milestone for the company, marking its first major discovery outside the Lemhi resource.

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Freeman Gold Corp. (FMANF) announced positive results from its metallurgical testing program for the Lemhi Gold Deposit. Gold leach extractions averaged 95%, with a range from 89% to 99% across different grades and depths. The tests, conducted by SGS Mineral Services, included 38 variability samples and are deemed suitable for a Preliminary Economic Assessment (PEA). This success supports Freeman's ongoing efforts to advance the Lemhi project towards production, highlighting the effectiveness of conventional carbon in pulp leaching methods.

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Freeman Gold Corp. (OTCQX: FMANF) announced its common shares qualified for trading on the OTCQX® Best Market, starting today. This upgrade from the OTCQB® Venture Market aims to enhance liquidity and provide a better trading experience for U.S. investors. The company continues to list its shares on the TSX Venture Exchange under the symbol 'FMAN'. Freeman focuses on developing the Lemhi Gold property, a high-grade oxide gold resource containing 749,800 oz of gold at 1.02 g/t in 22.94 million tonnes (Indicated).

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Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF) has received approval from the TSX Venture Exchange to list its shares, effective February 8, 2022. The company will delist from the Canadian Securities Exchange on February 7, 2022, with no action required from shareholders. The TSX-V listing aims to enhance visibility in capital markets. Freeman focuses on advancing its 100% owned Lemhi Gold property, which has an estimated resource of 749,800 ounces of gold at 1.02 g/t in 22.94 million tonnes (Indicated) and 250,300 ounces at 1.01 g/t in 7.83 million tonnes (Inferred).

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Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF) announced drilling updates for its Lemhi Gold Project in Idaho. The company completed three diamond drill holes (FG21-001 to FG21-003) at the newly identified Beauty Zone, totaling 328 meters, with samples sent for analysis. Phase 2 drilling at the Lemhi Gold Deposit has also commenced, with three additional holes totaling 797 meters. Freeman contracted Major Drilling America for two more rigs, increasing the total planned drilling to over 10,000 meters. The company also granted 2,950,000 stock options to consultants and directors at a price of $0.50.

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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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