Welcome to our dedicated page for Freeman Gold news (Ticker: FMANF), a resource for investors and traders seeking the latest updates and insights on Freeman Gold stock.
About Freeman Gold Corp. (FMANF)
Freeman Gold Corp. is a mineral exploration company dedicated to advancing its flagship project, the Lemhi Gold Project, located in Lemhi County, Idaho. The company operates within the mining and natural resources sector, with a strategic focus on gold exploration and development. Freeman Gold's core mission is to identify, delineate, and develop high-quality gold deposits, leveraging its 100% ownership of the Lemhi property to create long-term value for stakeholders.
The Lemhi Gold Project
Freeman Gold's primary asset, the Lemhi Gold Project, spans an expansive 30 square kilometers of highly prospective land. This property hosts a near-surface oxide gold resource, characterized by its cost-effective extraction potential. The project is supported by a pit-constrained NI 43-101 compliant mineral resource estimate, which includes both measured and indicated resources, as well as inferred resources. These estimates underline the project's significant potential as a future gold production site.
The Lemhi Gold Project has undergone a Preliminary Economic Assessment (PEA), which highlights its economic viability. Key attributes of the project include a projected life-of-mine spanning over a decade, robust annual gold production estimates, and competitive cash costs. These factors position the Lemhi Gold Project as a promising development within the gold mining sector.
Regulatory and Permitting Strategy
Recognizing the complexities of regulatory compliance, Freeman Gold has engaged GSI Environmental Inc. to streamline the permitting process for the Lemhi Gold Project. GSI's expertise in working with federal and state agencies, such as the Bureau of Land Management and the Idaho Department of Environmental Quality, ensures that the project meets all regulatory requirements. This proactive approach minimizes risks associated with permitting delays and underscores Freeman Gold's commitment to responsible resource development.
Operational Strategy and Market Position
Freeman Gold's operational strategy centers on advancing the Lemhi Gold Project toward a production decision. The company employs a multi-disciplinary approach, combining geological expertise, environmental stewardship, and strategic planning to optimize project outcomes. By focusing on a near-surface oxide gold resource, Freeman Gold aims to reduce operational complexities and enhance cost-efficiency.
Within the competitive landscape, Freeman Gold differentiates itself through its strategic asset location, high-quality resource estimates, and commitment to regulatory compliance. The company's emphasis on stakeholder collaboration and environmental monitoring further solidifies its reputation as a reliable player in the mining industry.
Industry Context
The gold mining industry is characterized by its sensitivity to global economic trends, gold price volatility, and regulatory challenges. Junior mining companies like Freeman Gold often face significant hurdles in securing funding, navigating permitting processes, and achieving operational scalability. However, Freeman Gold's strategic focus on the Lemhi Gold Project and its engagement with industry experts position it favorably to overcome these challenges and capitalize on market opportunities.
Conclusion
Freeman Gold Corp. represents a focused and strategically positioned player in the gold exploration sector. With its 100% owned Lemhi Gold Project, the company is poised to contribute meaningfully to the mining industry while adhering to stringent regulatory and environmental standards. By leveraging its technical expertise and resource base, Freeman Gold aims to deliver sustainable value to its stakeholders.
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.
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.
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).
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.
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.
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.
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.
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).
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).
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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