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. (CSE: FMAN, OTCQB: FMANF) announced a live webinar on November 23, 2021, at 1pm PT to discuss its upcoming drilling campaign at the Lemhi and Beauty Zone. The company focuses on its 100% owned Lemhi Gold property, which spans 30 square kilometers and hosts an NI 43-101 compliant mineral resource estimate of 749,800 oz gold at 1.02 g/t in the Indicated category and 250,300 oz at 1.01 g/t in the Inferred category. The technical content has been approved by a Qualified Person as defined by NI 43-101.
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.
Freeman Gold Corp. (CSE: FMAN) has initiated its Phase 2 diamond drill program at the Lemhi Gold Deposit, targeting over 4,000 meters of drilling. This effort aims to expand the oxide gold resource, building on the maiden Mineral Resource Estimate reported in July 2021. The program includes testing for extensions to the east and west of Lemhi and exploring the new Beauty Zone, which has shown promising high-grade gold samples. The focus on near-surface resource expansion and depth assessment is expected to enhance the company's mineral inventory.
Freeman Gold Corp. (CSE: FMAN) announced significant findings from the newly discovered Beauty Zone, located 600 metres west of the Lemhi Gold resource. The 350m by 250m gold anomaly is open in three directions. Among 105 rock samples, 52 exceeded 1 g/t Au, with 28 surpassing 10 g/t Au, peaking at 450 g/t. The area, previously hydraulically mined, is characterized by heavy oxidation and silicification. Drill pad construction is currently in progress, aiming to further explore this promising high-grade target.
Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF) has announced encouraging results from metallurgical testing of its Lemhi Gold Project in Idaho, achieving gold recoveries exceeding 95% across various head grades (0.4 to 2.1 g/t Au). The tests indicate potential recoveries of up to 98% using cyanide tank leaching methods. Ongoing studies will further confirm these results and support future economic evaluations. The 2021 metallurgical program, conducted by SGS Mineral Services, aims to optimize processing conditions and assess the project's viability for production.
Freeman Gold Corp. (CSE: FMAN, OTCQB: FMANF) announced the filing of a National Instrument 43-101 compliant technical report for its Lemhi Gold Project in Idaho, highlighting a maiden Mineral Resource Estimate (MRE) of 749,800 ounces of gold in the indicated category and 250,300 ounces inferred. This MRE demonstrates the project’s potential for open-pit mining using low-cost leaching technologies. Notably, over 90% of the resource is within patented claims, and there are no significant changes from the previous release on July 8, 2021. The report is accessible on SEDAR and the company's website.
Freeman Gold Corp. announced the maiden Mineral Resource Estimate (MRE) for its 100% owned Lemhi Gold Project in Idaho. The MRE includes a total resource of 1,000,100 ounces of gold, comprised of 749,800 oz indicated and 250,300 oz inferred, both modeled for open-pit mining at a gold price of US$1,550 per ounce. The resource remains open in multiple directions, indicating potential for expansion. The estimate underscores the Lemhi Project as a significant undeveloped gold deposit in the U.S., providing a foundation for future development.
Freeman Gold Corp. (CSE: FMAN) has released promising exploration results from its Lemhi Gold Project in Idaho. The 2020 field season yielded 633 soil samples and 145 rock samples, revealing 11 high-priority targets for follow-up exploration. Notably, 54 rock samples surpassed 1 g/t Au, with some reaching up to 450 g/t Au. Geophysical surveys encompassing 565 line km of ground magnetics have helped identify mineralized zones. Despite generating significant targets, none have been drill-tested yet, and additional claims have been staked near certain targets.
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.
Freeman Gold Corp. (CSE: FMAN) has announced positive assay results from 11 of 34 drill holes at the Lemhi Gold Project, Idaho. The Phase 1 drill program aimed to validate historical mineralization and support a National Instrument 43-101 compliant resource estimate. High-grade shallow oxide gold was intersected, with notable results including 2.6 g/t Au over 14.1m and 1.6 g/t Au over 86m. Mineralization extends to at least 210 meters and remains open at depth, highlighting the project’s potential. President Will Randall noted results exceeded expectations, confirming consistent mineralization behavior.
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