Freeman GOLD to Attend Idaho Mining Conference and Announces Completion of Drill Program FOR Q1 2026 Feasibility Study
FREEMAN GOLD TO ATTEND IDAHO MINING
CONFERENCE AND ANNOUNCES
COMPLETION OF DRILL PROGRAM FOR Q1
2026 FEASIBILITY STUDY
VANCOUVER, BC
,
Oct. 24, 2025
/CNW/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF)
(FSE: 3WU) ("
Freeman
" or the "
Company
") is pleased to announce its participation at the Idaho
Mining Conference,
October 27
th
and 28
th
, 2025. The conference will feature seminars, company
presentations, and keynote speeches on a wide range of topics including the environment, federal
law, mining, technology, critical minerals, and more.
Freeman is also pleased to report it has successfully completed its infill drill program at the Lemhi
Gold Project. The program was expanded to include an additional three core holes, totaling 468
metres (see Freeman's news release
dated
September 23, 2025
). These holes were drilled in the
south eastern part of the resource to further expand on the better than anticipated high grade results
from reverse circulation ("
RC
") drilling.
The core samples have been 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 has a regimented Quality Assurance, Quality Control ("
QA/QC
") program, pursuant
to which at least 10% duplicates, blanks and standards are inserted into each sample shipment.
The 2025 RC drill program comprised approximately 2,860 metres across 30 drill holes and 468
metres of diamond drilling designed to:
1
.
convert the inferred ounces from the current mineral resource estimate ("
MRE
") to measured or
indicated (approximately 1,740 metres over 24 holes). This portion increased the drill density
within the inferred resource that is 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 open north and south extensions of the main Lemhi deposit
and at the Beauty zone (approximately 1,300 metres over 10 holes). These had potential to add
near surface ounces to the existing mineral resource within and/or near the existing pit designed
as part of the PEA.
In addition, as part of the Phase 4 metallurgical study (see Freeman's news release dated
April 14, 2025
) core and RC samples have been selected and are currently undergoing analysis as
part of the ongoing Feasability Study. These samples are being tested to provide further
metallurgical data, which will support advancement of the project. Results from this additional
testwork will be released as they become available.
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.,
VP Exploration of the Company and a Qualified Person as defined by the NI 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 on
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 24-OCT-25