Freeman GOLD Drills 1.5 G/T Au over 22.9 Metres Including 2.6 G/T Au over 12.2 Metres at the Lemhi GOLD Project
FREEMAN GOLD DRILLS 1.5 G/T AU OVER
22.9 METRES INCLUDING 2.6 G/T AU OVER
12.2 METRES AT THE LEMHI GOLD PROJECT
- ADDITIONAL DRILLING UNDERWAY
VANCOUVER, BC
,
Sept. 23, 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 southern portion of the 2025 reverse circulation drilling program (see Table 1 and Figure 1) at
the Lemhi Gold Project ("
Lemhi
" the "
Project
" or "
Property
").
High grade mineralization (greater than 1 g/t Au) occurs in nine of the thirteen drill holes
from the southern portion of the drill program including 2.6 g/t Au over
12.2m
in drill
hole FG25-013RC;
Eight of the thirteen drill holes from the south had better than anticipated intercepts
based on the 2023
mineral resource estimate
("
MRE
")
(either thicker intercepts or higher
grade). Figure 2 shows drill holes FG25-010 and FG25-013 with better than expected
mineralization; and
Five of the thirteen drill holes from the south had results as expected as designed to
convert ounces from inferred to measured and indicated.
The reverse circulation ("
RC
") drill program consisted of approximately 2,860 metres of drilling in 30
drill holes. The 13 drill holes in the south were designed to:
1
.
Convert the inferred ounces from the current 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
);
2
.
The results will form the basis of an updated MRE to be used within the recently commissioned
Feasibility Study; and
3
.
An additional 3 core holes are currently being drilled in the south to further expand on the better
than anticipated high grade results from the RC drilling.
Bassam Moubarak
, CEO, stated, "These new batch of results bolsters the case for extending the
Lehmi resource farther south, off the patented claims. These results exceeded our expectations
based on the 2023 MRE. Together with the previously reported north results, we are confident that
we will increase the MRE at Lemhi and convert more ounces than expected to the Measured and
Indicated categories."
Table 1. Significant Drill Results – Lemhi South*
DEPTH
DRILL HOLE
(METRES)
AZI
DIP
FROM
TO
HIGHLIGHT
FG25-001RC
65.5
n.a.
-90
0
65.5
0.68 g/t Au over 65.5 m
including
12.2
27.4
1.1 g/t Au over 15.2m
including
45.7
51.8
2.1 g/t Au over 6.1m
FG25-002RC
100.6
290
-45
18.3
88.4
0.33 g/t Aug over 70.1m
80.7
88.4
1.6 g/t Au over 7.6m
FG25-003RC
115.8
225
-50
57.9
115.8
0.76 g/t Au over 57.9m
80.8
102.1
1.35 g/t Au over 21.3m
FG25-004RC
99.1
270
-65
44.2
97.5
0.37 g/t Au over 53.3m
FG25-005RC
80.8
180
-60
73.2
80.8
0.21 g/t Au over 7.6m
FG25-006RC
150.9
90
-75
61
62.5
0.28 g/t Au over 1.5m
102.1
105.2
1.3 g/t Au over 3.1m
FG25-007RC
99.1
90
-60
47.2
50.3
0.26 g/t Au over 3.1m
FG25-008RC
146.3
n.a.
-90
61
70.1
0.2 g/t Au over 9.1m
105.2
143.3
1.1 g/t Au over 38.1m
including
125
140.2
2.2 g/t Au over 15.2m
FG25-009RC
160
n.a.
-90
39.6
42.1
1.0 g/t Au over 3.1m
64
65.5
0.5 g/t Au over 1.5m
114.3
120.4
0.44 g/t Au over 6.1m
125
126.5
0.31 g/t Au over 3.1m
155.4
158.5
0.23 g/t Au over 3.1m
FG25-010RC
146.3
n.a.
-90
28.9
51.8
0.37 g/t Au over 22.9m
64
80.8
0.39 g/t Au over 16.8m
144.8
146.3
1.1 g/t Au over 1.5m
FG25-011RC
147.8
270
-80
3.1
125
0.3 g/t Au over 121.9m
including
28.9
39.6
1 g/t Au over 10.7m
including
112.8
125
1.34 g/t Au over 12.2m
FG25-012RC
100.6
300
-55
16.7
19.8
0.29 g/t Au over 3.1m
FG25-013RC
160
n.a.
-90
59.4
82.3
1.5 g/t Au over 22.9m
including
68.6
80.8
2.6 g/t Au over 12.2m
123.4
138.6
1.0 g/t Au over 15.2m
153.9
158.5
0.3 g/t Au over 4.6m
*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 of 2025 RC Drilling – South (CNW Group/Freeman Gold Corp.)
Figure 2.
Drill Section 499980E (CNW Group/Freeman Gold Corp.)
The Company further announces that it has entered into a service agreement with Native Ads, Inc.
("
Native Ads
") dated
September 19, 2025
, pursuant to which Native Ads will provide a marketing
campaign for a total retainer of up to
US$145,000
, with a term of up to twelve months or until the
retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media
advertising campaign for the Company, where the majority of the campaign budget will be allocated
to cost per click costs, media buying and content distribution, and search engine marketing. The
remaining budget will be allocated for content creation, web development, advertising creative
development, search engine optimization, campaign optimization, and reporting and data insights
services. Native Ads is a full-service advertising agency based out of
New York
and
Vancouver, BC
.
Native Ads and its principals are arm's length to the Company and hold no interest, directly or
indirectly, in the securities of the Company or any right to acquire such an interest. The engagement
of Native Ads is subject to the approval of the TSX Venture Exchange.
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.sedar.com
).
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.
View original content to download multimedia:
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%SEDAR: 00047230E
For further information:
For further information, please visit the Company's website at
www.freemangoldcorp.com or contact Mr. Bassam Moubarak by email at
CO: Freeman Gold Corp.
CNW 07:30e 23-SEP-25