Freeman GOLD Engages Additional Environmental Contractors FOR Lemhi Permitting
FREEMAN GOLD ENGAGES ADDITIONAL
ENVIRONMENTAL CONTRACTORS FOR
LEMHI PERMITTING
VANCOUVER, BC
,
April 8, 2026
/CNW/ - Freeman Gold Corp. (TSXV: FMAN, OTCQB: FMANF,
FSE: 3WU) ("
Freeman
" or the "
Company
") is pleased to announce it has selected additional
technical specialists to support baseline characterization of Freeman's Lemhi Gold Project (the
"
Lemhi
" or the "
Project
"), located in Lemhi County, Idaho. These firms will work in coordination with
GSI Environmental Inc. ("
GSI
"), the lead permitting consultant for the Project, to advance key
environmental and cultural resource studies needed to support project development.
"Advancing the environmental and cultural baseline studies at Lemhi is an important step as we
continue to systematically move the project forward," said Bassam Moubarak, CEO and Director of
Freeman. "By bringing together experienced specialists in aquatic resources, wildlife, and cultural
heritage, we are building a strong technical foundation to support responsible project development.
The work led by GSI and its partner firms will help ensure that future planning and permitting
activities are informed by high-quality baseline data and thorough environmental understanding."
Freeman has selected Spheros Environmental ("
Spheros
") to support baseline characterization of
fisheries and aquatic resources for the Project, initially focused on preparation of a technical work
plan defining the scope and methods for aquatic habitat, macroinvertebrate, and fisheries
assessments. Spheros brings decades of experience in aquatic systems across the western United
States, including Idaho, and has completed aquatic resources plans of study, biological monitoring,
and regulatory support for mining projects in the region.
Freeman has also selected Catena Consulting, LLC ("
Catena
") to support work plan development
and terrestrial wildlife baseline characterization efforts for the Project through screening-level
evaluation and targeted studies, as warranted, for focal species such as raptors, breeding birds,
bats, big game, and other special-status wildlife species. Catena is a Montana-based environmental
consulting firm established in 2006 with extensive mining-sector experience in Idaho and Montana,
including wildlife baseline surveys, permitting support, and National Environmental Policy Act (NEPA)-
related work for mine projects on federal and state managed lands.
In addition, Freeman has selected ARH Archaeology and Architectural History, LLC ("
ARH
") to
support cultural resources baseline work including intensive cultural resources inventories and
associated agency coordination and support necessary to demonstrate compliance with Section 106
of the National Historic Preservation Act and other applicable federal cultural resource requirements.
ARH is a woman-owned Idaho firm with deep experience in archaeology and architectural history,
including recent cultural resource inventories for Freeman and other mining clients in Lemhi County
and the Salmon-Challis National Forest. Freeman expects these studies (including field baseline data
collection) to be completed in the spring/summer 2026.
Through the addition of these specialized firms, Freeman is continuing to assemble the technical
team needed to support environmental baseline characterization and permitting for the Project. The
coordinated work of GSI and its subcontractors is intended to provide a strong technical foundation
for project planning, agency engagement, and future permitting activities.
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 mineral resource estimate at a 0.2
g/t Au cutoff is comprised of an Measured Mineral Resource of 8.356 million tonnes at 0.92 g/t Au
for 247,000 ounces (oz) of gold, an Indicated Mineral Resource of 39.954 million tonnes at 0.76 g/t
Au for 974,000 oz of gold, and an Inferred Mineral Resource of 10.683 million tonnes at 0.70 g/t Au
for 240,000 oz of gold*. 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*.
Freeman has recently commenced advance permitting and baseline characterization for the Lemhi
Gold Deposit. This work represents a key step in Freeman's strategy to move the Lemhi Project
assertively toward future development and production.
*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.,
VP Exploration of 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 Information
This news release contains "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking information") within the meaning of applicable Canadian securities
legislation. All statements in this release that are not statements of historical fact are forward-
looking information, including, without limitation, statements regarding: the anticipated advancement,
scope, timing, and completion of environmental baseline studies and permitting activities at the Lemhi
Gold Project; the engagement, performance, and contributions of consultants and contractors; the
Company's plans and objectives to advance the Project toward development and potential
production; the ability to obtain required permits, approvals, and authorizations in a timely manner or
at all; and the assumptions, parameters, and results of the preliminary economic assessment,
including projected net present value, internal rate of return, capital expenditures, operating costs,
production rates, and mine life.
Forward-looking information is based on a number of material assumptions, including, without
limitation: that all required third-party contractors, equipment, and services will be available as
scheduled; that environmental and cultural baseline programs will be completed as currently
contemplated; that regulatory approvals will be obtained in a timely manner on acceptable terms;
that geological, metallurgical, engineering, and economic assumptions underlying the Company's
technical data are accurate; that commodity prices and exchange rates will remain within expected
ranges; and that general economic, market, and industry conditions will not materially change.
Forward-looking information is inherently subject to significant risks, uncertainties, and contingencies,
many of which are beyond the Company's control and which could cause actual results,
performance, or achievements to differ materially from those expressed or implied by such forward-
looking information. Such risks include, without limitation: delays or failures in obtaining regulatory
approvals, permits, or authorizations; adverse environmental or permitting outcomes; changes in
laws, regulations, or regulatory practices; risks relating to the accuracy and reliability of technical
data and interpretations; the speculative nature of mineral exploration and development; the inclusion
of inferred mineral resources in economic analyses; fluctuations in commodity prices, capital costs,
and operating costs; financing risks; contractor performance risks; and general economic, market,
and geopolitical conditions. Readers are further cautioned that the preliminary economic assessment
is preliminary in nature and 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 results of the preliminary
economic assessment will be realized.
Forward-looking information is provided for the purpose of assisting readers in understanding the
Company's current expectations and plans and may not be appropriate for other purposes. Readers
are cautioned not to place undue reliance on forward-looking information. The forward-looking
information contained herein is expressly qualified in its entirety by this cautionary statement and is
made as of the date of this news release. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new
information, future events, or otherwise, except as required by applicable 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 08-APR-26