FREEMAN GOLD ANNOUNCES PHASE 2 LEMHI RESOURCE EXPANSION AND BEAUTY ZONE DRILL PROGRAM Phase 2 – >4,000 m diamond drill program
FREEMAN GOLD ANNOUNCES PHASE 2 LEMHI RESOURCE EXPANSION
AND BEAUTY ZONE DRILL PROGRAM
Phase 2 – >4,000 m diamond drill program
- >3,200 metres testing strike extensions, primarily to the east and west of the current
resource
- 400 metre drill hole to test depth extent of gold mineralization at Lemhi
- 400 metres of exploration drill holes at the Beauty Zone
CANADIAN SECURITIES EXCHANGE: FMAN FOR IMMEDIATE RELEASE
VANCOUVER, BRITISH COLUMBIA – October 27, 202 1 – Freeman Gold Corp. (CSE: FMAN,
OTCQB: FMANF, FSE: 3WU) (“ Freeman” or the “ Company”) is pleased to announce its Phase 2
diamond drill program at the Lemhi Gold Deposit (“Lemhi”) and the new Beauty Zone (“Beauty Zone”).
The proposed >4,000 m drill program focuses on adding near surface, oxide ounces to the recently reported
maiden Mineral Resource Estimate on July 8, 2021. Drilling will also test the recently de lineated Beauty
Zone which lies approximately 600 metres west of Lemhi and host to a number of high-grade gold rock
samples and coincident gold soil geochemistry.
“We are embarking on a second phase of diamond drilling focusing on ground (patented mining claims)
that gives Freeman the highest probability of adding ounces to our resource base. The on-strike east and
west extensions at Lemhi are key as these would provide new ounces within our current conceptual pit
outline. As well, the Lemhi deposit has never been tested at depth beyond 286 met res where a number of
holes were terminated in gold mineralization. Freeman plans to test mineralization at depth with at least
one >400 m drill hole. We are also excited about testing the newly identified high grade Beauty Zone which
returned 52 rock samples over 1 gram per tonne (“g/t”) gold (“Au”) and 28 over 10 g/t Au with coincident
anomalous gold soil geochemistry,” remarked Paul Matysek, Executive Chairman.
Over 90% of the total drilling is anticipated to occur at Lemhi, while the remaining drilling will test the
Beauty Zone. Of the 3,600 metres to be drilled at Lemhi, 3,025 metres are focused on resource expansion
on strike down to a maximum depth of 300 metres below surface. These holes will follow up on drill holes
from previous campaigns that remain open, such as FG20 -24C which returned 0.4 g/t Au over 72 metres
on section 429825N. One drill hole will test the depth potential at Lemhi down to 400 metres below surface;
the hole will also infill in the shallower portions between drill holes FG20 -17C (151m @ 2.5 g/t Au) and
35C (189m @ 0.54 g/t Au). A single infill hole is planned on section 429952N where a gap in the
mineralization is present.
Figure 1 shows the proposed drilling plan map. Table 1 provides details on a hole-by-hole basis. Sections
referred to on the Table can be viewed at www.freemangoldcorp.com.
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Figure 1: 2021 Proposed Drilling Plan Map
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Table 1. Fall 2021 Drilling - Lemhi Project
Hole ID Project Azimuth Dip
Proposed
Depth
(m)
Hole Type Comment
FG21-001 Beauty 0 -90 100 Exploration Drill test Beauty Zone
FG21-002 Beauty 230 -65 100 Exploration Drill test Beauty Zone
FG21-003 Beauty 0 -90 200 Exploration Drill test Beauty Zone
FG21-004 Lemhi 0 -90 400 Resource
Expansion & Infill
Test Mineralization at depth. Section 430000N. Infill between
FG20-17C (151m @ 2.5 g/t Au) and 35C (189m @ 0.54 g/t
Au).
FG21-005 Lemhi 270 -68 250 Resource
Expansion 90m stepout to the West. Section 429625N
FG21-006 Lemhi 270 -70 250 Resource
Expansion Step out to the southwest. Section 429700N.
FG21-007 Lemhi 0 -90 250 Resource
Expansion Step out to the southwest. Section 429775N.
FG21-008 Lemhi 0 -90 250 Resource
Expansion
90m step out to the Southwest. Follow up FG20-24C (72m @
0.4 g/t Au) and 1980's drilling. Section 429825N.
FG21-009 Lemhi 0 -90 300 Resource
Expansion Step out to the East. Section 429800N
FG21-010 Lemhi 0 -90 300 Resource
Expansion Step out to the East. Section 429850N
FG21-011 Lemhi 0 -90 300 Resource
Expansion 90m stepout to the West. Section 429900N
FG21-012 Lemhi 0 -90 300 Resource
Expansion 40m stepout to the West of 1980's drilling. Section 429950N
FG21-013 Lemhi 0 -90 250 Infill Infill gap in drilling in resource area. Section 429950N.
FG21-014 Lemhi 0 -90 225 Resource
Expansion Stepout 40 m to the North-East. Section 429975N
FG21-015 Lemhi 0 -90 300 Resource
Expansion 90m stepout to the West. Section 429975N
FG21-016 Lemhi 0 -90 300 Resource
Expansion 85m stepout to the West. Section 430000N
All drill rock samples are 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. Freeman has a regimented Quality Assurance, Quality Control program where at
least 10% duplicates, blanks and standards are inserted into each sample shipment. Rock grab samples are
by their nature selective and are not necessarily indicative of the general geology or the grade within the
Lemhi Gold property.
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 resource. The pit
constrained National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate is comprised
of 749,800 ounces (“oz”) gold at 1.02 grams per tonne in 22.94 million tonnes (Indicated) and 250,300 oz
Au at 1.01 g/t Au in 7.83 million tonnes (Inferred ). See the NI 43 -101 technical report titled “Maiden
Resource Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA” with an effective date
of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience Ltd. and F. Wright
Consulting Inc. available under the Company’s profile on SEDAR (www.sedar.com). The Company is
focused on growing and advancing the Lemhi Project towards a production decision. The technical content
of this news release has been reviewed and approved by Dean Besserer, P.Geol., VP Exploration of the
Company and a Qualified Person as defined by NI 43-101.
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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 at 416-294-5649 or by email at: [email protected]
Forward Looking Statements: This pre ss 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 the 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 expresse d 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.
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adequacy or accuracy of this release.