Freeman Defines 11 High Quality Exploration Targets Proximal to Lemhi Resource
FREEMAN DEFINES 11 HIGH QUALITY EXPLORATION TARGETS
PROXIMAL TO LEMHI RESOURCE
• 11 high priority target areas have been defined for follow -up exploration on the Lemhi
property
• 633 soil samples and 145 rock grab and channel samples analysed
• 565 line km of ground magnetics and 1.4 sq. km of 3D IP Data surveyed, and integrated
with finalized historical data compilation and interpretation finalized
• Grab samples discovered 5 targets with a total of 54 samples >1 g/t Au with assay values
up to 450 g/t Au
• Geophysical interpretation has outlined a target on strike of the known mineralized body
with very similar geophysical characteristics
• All targets are currently not drill tested and additional claims have been staked near
certain targets
CANADIAN SECURITIES EXCHANGE: FMAN FOR IMMEDIATE RELEASE
SALMON, IDAHO – May 6, 2021 – Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU)
(“Freeman” or the “Company”) is pleased to provide 2020 exploration results on its 100% owned Lemhi
Gold Project located in Idaho. During the 2020 field season a total of 633 soil samples were collected along
with 145 rock grab and channel samples. Comprehensive geophysical surveys were completed, consisting
of 565 line km of ground magnetics covering almost the entire property and 1.4 square km of 3D IP Data
over the known mineralized zone. In addition, historical data compilation and interpretation were finalized
and incorporated into the exploration data base. As a result of the surface exploration campaign 1 1 high
quality targets have been identified (Table 1) , demonstrating the prospective n ature of Freeman’s land
package. None of these targets have been drill tested to date.
Will Randall, President and CEO of Freeman, commented, “The exploration results demonstrate that targets
both in close proximity and further afield from the known Lemh i mineralized gold oxide zone exist
throughout the property. Since Freeman is the first company to have a large consolidated land package
along the major northeast structure, we feel confident we are on the right track to make additional gold
discoveries.”
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Table 1 – Priority exploration targets and summarized description on the Lemhi property, Idaho
Priority Target Location Comments
1 Patents
16 rock grab samples with greater than 2.85 g/t Au (up to 450 g/t
Au) over 200 meters along NW trend. Coincidental magnetic
feature.
2 BLM Claims 8 rock grab samples with greater than 0.5 g/t Au (up to 32.8 g/t
Au) over 100m.
3 BLM Claims 5 rock grab samples with greater than 0.5 g/t Au (up to 38.23 g/t
Au) over 180m.
4 BLM Claims 2.08 g/t Au rock grab sample. Near historic 185m long EW
trending gold in soil anomaly.
5 BLM Claims
Priority magnetic feature similar to mineralization at Lemhi.
Magnetic low at the contact of the intrusive and meta-
sedimentary rocks. Near coalescing WNW and NE trending
major structures (210m by 275m).
6 BLM Claims
and Patents
4 rock grab samples with greater than 0.24 g/t Au (up to 3.68 g/t
Au). Near old trenches. Copper staining (Copper up to 1.68%).
Along major WNW trending structure.
7 BLM Claims
7 rock grab samples greater than 0.5 g/t Au (up to 12.1 g/t Au)
near old small scale adit. Heavily oxidized over 150m. Near
contact with intrusion.
8 BLM Claims Rock grab sample with 1.765 g/t Au and 0.19% Cu. Coincidental
magnetic feature 350m by 240m.
9 BLM Claims
6 rock grab samples with greater than 0.5 g/t Au (up to 17.53 g/t
Au). Associated with large historic gold in soil anomaly over 1.2
km.
10 Patents IP Targets (labelled 1,2,8,9, 14 and 15) are high priority for drill
testing. Coincident with Anomaly 11 (magnetic feature).
11 BLM Claims
and Patents
1.2 km linear NW trending magnetic feature with multiple cross
cutting structures
Rock Grab Samples
Prospecting and sampling was completed over the entire Lemhi property. Of the 145 rock grab samples
collected 54 returned assay values greater than 1 gram per tonne gold (g/t Au) and 20 greater than 5 g/t Au
(up to 450 g/t Au). Of the 145 rock grab samples collected 27 samples contai n greater than 10 grams per
tonne Silver (g/t Ag) , with values up to 219 g/t Ag . Mineralization was within phyllites, quartzites and
quartz veins and appears similar to that of known mineralization at Lemhi. These results have identified
five new exploration target areas for priority follow-up. Follow-up exploration at each of the target areas
will include but not be limited to prospecting, mapping, soil sampling and possibly drilling. The results are
shown on Figure 1 and highlights are in Table 2 (Targets 1, 2, 6, 7, 8; Figure 1).
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Figure 1 – Map of Lemhi property showing priority exploration targets and selected highlights
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Table 2 – Significant Rock Grab Sample Results*
* Rock grab samples are by their nature
selective and are not necessarily indicative of
the general geology or the grade within the
Property. Ppm=parts per million or grams per
tonne.
Ground Magnetics
During 2020, ground magnetics were collected over the entire Lemhi Property using GEM Overhauser
walking magnetometers with DGPS. The regional grid was completed at 25 meter line spacing, and the
known mineralized area was completed at 12.5 meter line spac ing, totaling approximately 565 line
kilometers of magnetics.
The purpose of the survey was to identify the prospective geological boundaries and structures throughout
the property. Of known importance is the boundary between the intrusion(s) and the Pro terozoic meta-
sediments, where the known gold mineralization at Lemhi occurs along and near the margins of the defined
intrusion. Of importance throughout the region is the presence of northeast trending structures inter preted
to be associated with known mineralization throughout the region.
As shown in Figures 1 & 2 the survey was successful in identifying the boundary between the intrusion(s)
and the Proterozoic meta-sediments, following clear extensions of the known gold mineralization at Lemhi.
In addition, this boundary or contact has been mapped for 7 kilometers along a major northeast trending
structure that follows the direction of important regional structures. The survey has also shown secondary
west-northwest structures that intersect these majo r lineaments and boundaries. One such intersection
occurs in the area where known gold mineralization has been defined by over 70,000 mete rs of drilling,
Sample Au ppm Ag ppm Cu ppm
C372749 450 218 5620
C372794 107.5 57.3 24200
C372782 46 55.6 5650
C372750 44.1 37.4 4770
C372783 39.5 51.1 5900
C372717 32.8 14.05 2750
C372764 28 19.35 5140
C372751 20.8 19.1 32600
C372790 20.7 26.9 7580
C372787 13.75 15.1 1490
C372793 13 10.55 4950
C372687 12.1 11.45 872
C372795 10.45 5.19 3110
C372791 10.4 16.95 7750
C372686 9.47 28.5 886
C372786 9.4 26.6 8310
C372784 8.83 9.83 5070
C372788 7.14 15.55 4720
C372789 6 17.7 11700
C372674 5.57 2.51 220
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while a second intersection has been interpreted 1.7 kilometers along strike and northeast of the know n
mineralization, such that is exhibits structural similarities to the known mineralization (Target 5; Figures 1
& 2).
Another NW trending high priority feature has been identified (Target 11; Figure 1 & 2). Target 11
represents a 1.2 km long linear magnetic body extending NNW, parallel to the intrusive contact, and located
within a region favourable for extrusive bodies. The wavelength of the anomaly’s magnetic signal suggests
that the causative body is shallow and near surface. The northern end of the magnetic anomaly is intersected
by a secondary fault, paralleling the main fault. IP targets 1, 3, 9, 15, and 16 border the southern end of the
magnetic anomaly, while the centre of the anomaly is coincident with IP target 2, where the main fault that
borders the north end of the mineralized area appears to terminate.
Data Compilation
After completing compilation of historical drill and resource related data, a ll historical data pertaining to
surface exploration has been scanned and integrated into Freeman’s database. The regional data identified
two new additional target areas with coincidental gold in rock grab and gold in soil anomalies which were
never followed up by previous operators. Historical samples at Targets 3, 4 and 9 (Figure 1) contain rock
grab and chip samples with results from 0.015 g/t Au, up to 38.23 g/t Au. In total, 529 historical rock grab
and chip samples were digitized of which 56 contained greater than 1 g/t Au.
3D IP Survey
A Dias Geophysical Limited 3D Induced Polarisation (‘3D IP’) was carried out during September and
October of 2020. The survey area consisted of a 1.4 km X 1.4 km area centered over the area with known
mineralization, which extends roughly 650 meters east-west by 500 meters north-south. The survey was
designed to characterize the geophysical signature of the deposit and possibly define new areas of gold
mineralization and extensions of the known mineralized zones delineated by drilling.
Two major contacts have been interpreted. The strongest one follows an east-northeast curvi-linear trend
where chargeabilities are generally low and resistivities are very low to the south-southeast. This contact
is also coincident with a magnetic high trend. The second major contact trends north-south, located on the
west side of the survey block and is characterized by low chargeability coincident with low resistivities.
Three high priority and two moderate priority anomalies have been defined (Figure 2). The first high
priority is an area of elevated resistivity that is partially coincident with the northern limit of the gold grade
zone. The second is a large north-south trending zone of high resistivity and high chargeability located at
the western boundary of the survey block that is unbounded to the west. The third is a zone of high
chargeability located at the eastern border of the survey block and unbounded to the east. The first
moderate priority is a north-south trending zone of high resistivity and high chargeability adjacent to the
northwestern boundary of the gold grade zone that is only seen in the shallow depth slices. The second
moderate priority is a zone of high chargeability that straddles the southwestern portion of the mineralized
zone and is seen only on the deep depth slices. The anomalies require drill testing and are shown on Figure
2. If additional gold mineralization is intersected, the IP survey should be extended to define the extent of
the anomalies. As well, 3D IP could then be used as an important exploration tool in other areas with
coincident anomalies to better define buried mineralization.
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Figure 2 –Map of priority targets in close proximity to the known mineralization at Lemhi
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Soil Samples
In order to further refine targets in order to get them drill ready Freeman anticipates completing soil surveys
over the priority target areas in order to more accurately target discovery drilling. To ensure proper results
orientation soil samples were collected in areas of known mineralization using three different soil sampling
methodologies: (i) conventional B Horizon sampling; (ii) Ionic Leach sampling; and (iii) Mobile Metal Ion
(‘MMI’) sampling. Samples were collected every 25 meters at depths of: 0 to 10 cm; 10 to 20 cm; 20 to 30
cm; and 30 to 40 cm. It was determined that Ionic Leach sampling at 20 to 40 cm’s would be the best
sampling methodology moving forward to not only detect buried gold, silver and copper mineralization but
alteration using calcium and potassium.
Freeman has mobilized crews to site to complete Ionic Leach soil sample surveys over certain priority
targets.
About the Lemhi Gold Project
The Lemhi Gold Project lies within the Idaho -Montana porphyry belt, a northeast -trending alignment of
metallic ore deposits related to granitic porphyry intrusions that extend north-easterly across Idaho 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. The 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) and free gold is common. The mineralization remains
open at depth and in multiple directions.
All 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.
The technical content o f this release has been reviewed and approved by Dean Besserer, P. Geo l., VP
Exploration for 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 t he 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 seen over 355 drill holes but remains open at depth and in multiple directions.
The Company is working towards de-risking the asset and producing a maiden National Instrument 43-101
compliant resource estimate as a result of both brownfield and greenfield exploration.
On Behalf of the Company
William Randall, President & CEO
For further information, please visit the Company’s website at www.freemangoldcorp.com or contact
Mr. Tom Panoulias 416-294-5649 or by email at: [email protected]
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
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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.
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identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,
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“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
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looking information, except as required by law.
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adequacy or accuracy of this release.