Freeman GOLD Adds TWO Additional Drill Rigs Beauty Zone Drill Core Sent FOR Analysis Canadian Securities Exchange: FMAN
FREEMAN GOLD ADDS TWO ADDITIONAL DRILL RIGS
BEAUTY ZONE DRILL CORE SENT FOR ANALYSIS
CANADIAN SECURITIES EXCHANGE: FMAN FOR IMMEDIATE RELEASE
VANCOUVER, BRITISH COLUMBIA – February 2 , 2022 – Freeman Gold Corp. (CSE: FMAN,
OTCQB: FMANF, FSE: 3WU) (“ Freeman” or the “ Company”) is pleased to provide an update on its
Lemhi Gold Project (“Lemhi”), Idaho. Further to the announcement dated October 27, 2021, initial drilling
at Lemhi commenced at the newly identified Beauty Zone (“Beauty Zone ”) during Q4 2021. Three
diamond drill holes (FG21-001 to 003) totalling 328 meters were completed and have now been sent to the
laboratory for analysis.
After completing drilling at the Beauty Zone, the diamond drill was moved to the Lemhi Gold Deposit.
Thus far t hree drill holes totalling 797 meters as part of the designed Phase 2 drill program have been
completed. All three drill holes were step outs to the west of the deposit (FG21-004, 005 and FG22-001 –
85m step out, 93m step out, and 17m step out respectively). Continuation of Phase 2 drilling is currently
underway.
Freeman has signed a second diamond drilling contract with Major Drilling America, Inc. to provide two
additional coring rigs in Q1 2022. This will bring the total operating rigs during Q1 to three to accelerate
the resource expansion drill program and increase the total planned meterage to over 10,000 meters.
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 (select holes) . Freeman has a regimented Quality Assur ance, Quality Control
program where at least 10% duplicates, blanks and standards are inserted into each sample shipment.
The Company has granted 1,150,000 stock options to consultants of the Company with each stock option
exercisable into a common share of the Company (a “Share”) at a price of $0.50 for a period of five years
and 1,800,000 stock options to certain directors and officers with each stock option exercisable into a Share
at a price of $0.50 for a period of five years.
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 resour ce. 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). The Company is focused on growing and advancing
the Lemhi Project towards a production decision. The technical content of this news release has been
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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
For further information, please visit the Company’s website at www.freemangoldcorp.com or contact
Mr. Tom Panoulias at 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
relating to its future business plans. All statements in this release, other than statements of historical facts
that address events or developments that th e 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 responsibili ty for the
adequacy or accuracy of this release.