Freeman GOLD Drills 0.37 G/T Au over 120.4 Metres Including 0.85 G/T Au over 41.2 Metres Near Surface at the Lemhi GOLD Project
FREEMAN GOLD DRILLS 0.37 G/T AU OVER
120.4 METRES INCLUDING 0.85 G/T AU OVER
41.2 METRES NEAR SURFACE AT THE LEMHI
GOLD PROJECT
VANCOUVER, BC
,
Sept. 15, 2025
/CNW/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF)
(FSE: 3WU) ("
Freeman
" or the "
Company
") is pleased to announce that it has received results from
the northern portion of its 2025 reverse circulation drilling program at the Lemhi Gold Project
("
Lemhi
" the "
Project
" or "
Property
").
The reverse circulation ("RC") drill program consisted of approximately 2,860 metres of drilling in 30
drill holes. The drilling was designed to:
1
.
Convert the inferred ounces from the current mineral resource estimate ("
MRE
") (see
Freeman's news release dated
May 15, 2025
) to either measured or indicated (approximately
1,820 metres in 23 drill holes) for those which are contained within the pit shell as designed as
part of Freeman's Preliminary Economic Assessment ("
PEA
") (see Freeman's news release
dated
October 16, 2023
); and
2
.
Complete further exploration at the north, south and at the Beauty zone. Table 1 shows the
results from the northern portion of the deposit only. The results will form the basis of an
updated MRE to be used within the recently commissioned Feasibility Study.
Bassam Moubarak
, CEO, stated, "These drilling results demonstrate there is continued exploration
potential beyond the northern extent of the 2023 PEA pit shell. Furthermore, these promising near
surface results, with the majority within the first 100 metres, will likely increase the resource base for
the Lemhi Feasibility Study currently being prepared."
Table 1: Significant Drill Results – Lemhi North*
DEPTH
DRILL HOLE
(METRES)
AZI
DIP
FROM
TO
HIGHLIGHT
FG25-016RC
61
n.a.
-90
4.6
56.4
0.4 g/t Au over 51.8m
including
38.1
56.4
0.8 g/t Au over 18.3m
FG25-017RC
150.9
270
-50
6.1
126.5
0.37 g/t Au over 120.4m
including
27.4
68.6
0.85 g/t Au over 41.2m
including
51.8
54.9
5.2 g/t Au over 3.1m
149.4
150.9
1.7 g/t Au over 1.5m
FG25-018RC
91.4
n.a.
-90
15.2
35
1.2 g/t Au over 19.8m
including
25.9
35
2.5 g/t Au over 9.1m
45.7
47.2
0.54 g/t Au over 1.5m
68.5
85.3
0.39 g/t Au over 16.8m
FG25-019RC
80.8
n.a.
-90
27.4
32
0.27 g/t Au over 4.6m
61
80.8
0.25 g/t Au over 19.8m
FG25-020RC
65.5
n.a.
-90
22.9
30.5
0.35 g/t Au over 7.6m
39.6
64
0.33 g/t Au over 24.4m
including
57.9
64
0.68 g/t Au over 6.1m
FG25-021RC
65.5
n.a.
-90
3
6.1
0.24 g/t Au over 3.1m
53.3
65.5
0.26 g/t Au over 12.2m
FG25-022RC
50.3
270
-70
7.6
50.3
0.6 g/t Au over 42.7m
including
41.1
50.3
2.1 g/t Au over 9.2m
FG25-023RC
45.7
270
-70
3
4.5
0.27 g/t Au over 1.5m
36.5
39.6
0.4 g/t Au over 3.1m
FG25-024RC
70.1
270
-60
27.4
28.9
0.89 g/t Au over 1.5m
35
41.1
0.38 g/t Au over 3.1m
FG25-014RC
150.9
90
-50
91.4
92.9
0.18 g/t Au over 1.5m
Beauty
144.8
146.3
0.33 g/t Au over 1.5m
FG25-015RC
111.3
100
-55
65.5
77.7
0.37 g/t Au over 12.2m
Beauty
including
65.5
68.6
0.93 g/t Au over 3.1m
106.7
108.2
1.7 g/t Au over 1.5m
*Intervals are drill run-length. True width is estimated between 90-95 percent ("%") of length. Using 0.15 g/t Au cut-off. 'RC' denotes RC (Reverse Circulation) hole.
All drill 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.
Freeman Gold
has a regimented Quality Assurance, Quality Control ("QA/QC") program
where at least 10% duplicates, blanks, and standards are inserted into each sample shipment.
Figure 1: Location Map of 2025 RC Drilling - North (CNW Group/Freeman Gold Corp.)
About the Company and Project
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100%
owned Lemhi Gold property. The Project comprises 30 square kilometres of highly prospective land,
hosting a near-surface oxide gold resource. The pit constrained National Instrument 43-101 ("
NI 43-
101
") compliant mineral resource estimate is comprised of 988,100 ounces gold ("
oz Au
") at 1.0
gram per tonne ("
g/t
") in 30.02 million tonnes (4.7 million tonnes Measured (168,800 oz) & 25.5
million tonnes Indicated (819,300 oz)) and 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes
(Inferred). The Company is focused on growing and advancing the Project towards a production
decision. To date, 525 drill holes and
92,696 m
of drilling has historically been completed (Murray
K., Elfen, S.C., Mehrfert, P., Millard, J., Cooper, Schulte, M.,
Dufresne
, M., NI 43-101 Technical
Report and Preliminary Economic Assessment, dated
November 20, 2023
;
www.sedarplus.ca
).
The recently updated price sensitivity analysis (see Freeman's news release dated
April 9, 2025
)
shows a PEA with an after-tax net present value (5%) of
US$329 million
and an internal rate of
return of 28.2% using a base case gold price of
US$2,200
/oz; Average annual gold production of
75,900 oz Au for a total life-of-mine of 11.2 years payable output of 851,900 oz Au; life-of-mine cash
costs of
US$925
/oz Au; and, all-in sustaining costs of
US$1,105
/oz Au using an initial capital
expenditure of
US$215 million
*.
*Note: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The preliminary economic assessment is preliminary in nature, that it includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no
certainty that the preliminary economic assessment will be realized.
The technical content of this release has been reviewed and approved by
Dean Besserer
, P. Geo.,
the VP Exploration for the Company and a Qualified Person as defined by the National Instrument
43-101.
On Behalf of the Company
Bassam Moubarak
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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, all statements related to the 2023 PEA, statements relating to exploration, results therefrom,
and the Company's future business plans, and statements regarding the price sensitivity analysis
and impact thereof on the evaluation of the Project's economic potential. 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 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 reader is urged to refer to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval +
(SEDAR+) at
www.sedarplus.ca
for a more complete discussion of such risk factors and their
potential effects. The Company does not undertake to update forward
looking statements or
forward
looking information, except as required by law.
SOURCE
Freeman Gold Corp.
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For further information:
For further information, please visit the Company's website at
www.freemangoldcorp.com or contact Mr. Bassam Moubarak at by email at
CO: Freeman Gold Corp.
CNW 07:30e 15-SEP-25