Freeman'S 2025 Phase 4 Metallurgical Testwork Reports >95% Extraction and Confirms Simple, Low-Risk Processing FOR Lemhi
FREEMAN'S 2025 PHASE 4 METALLURGICAL
TESTWORK REPORTS >95% EXTRACTION
AND CONFIRMS SIMPLE, LOW-RISK
PROCESSING FOR LEMHI
VANCOUVER, BC
,
Dec. 9, 2025
/CNW/ - Freeman Gold Corp. (TSXV: FMAN) (OTCQB: FMANF)
(FSE: 3WU) ("
Freeman
" or the "
Company
") is pleased to announce the successful completion of its
2025 metallurgical testwork program for the Lemhi Gold Project ("
Lemhi
" or the "
Project
") in
Idaho,
USA
. This program, which builds upon three previous phases of metallurgical studies, was
conducted by Base Met Labs ("
BML
") in
Kamloops, BC
, and independently reviewed by Ausenco
Engineering Canada ULC ("
Ausenco
"). Results confirm that
Lemhi
supports a simple, conventional
processing flowsheet and demonstrates consistently high gold recoveries across all major zones of
the deposit.
Highlights
Gold leach extraction of 91.2% to 97.4%
- averaging
95.4%
across 2025 variability and
composite samples
Simple, conventional flowsheet
- based on 120 µm P
80
primary grind and standard CIL
cyanidation
Fast leach kinetics
- leach extraction substantially complete within 24 hours
Moderate reagent consumption
- average NaCN and lime consumption of
1.28 kg/t
and
1.01
kg/
t, respectively
Low abrasion index
- ore characterized as
soft
supporting low-cost conventional milling
Excellent metallurgical performance confirmed across variability and production composites
Figure 1: Leaching recovery plotted against gold feed grade for various residence times (CNW
Group/Freeman Gold Corp.)
Metallurgical Program Overview
The 2025 program included:
18 drill-core variability composites from the Main Pit which included samples representing later
year production (according to the PEA mineplan)
One composite each from the Beauty Zone and SW Zone
Three production composites (early, mid, late mine life, based on the PEA mineplan)
Five reverse-circulation (RC) samples representing the central core of the Main Pit
Test work evaluated head assays, mineralogy, gravity concentration, cyanide leaching, comminution,
and cyanide destruction. Bottle-roll leach tests were repeated under oxygenated conditions to
validate leach kinetics and improve accuracy.
Gold Metallurgical Performance
Across all 2025 samples, total gold leach extraction ranged from
91.2% to 97.4%
, averaging
95.4%.
Results are presented in Figure 2, compared against the PEA data set
.
Cyanide consumption
averaged
1.28 kg/t.
Lime consumption
averaged 1.01 kg/t.
Bond Ball Mill Work Index averaged 16.4 kWh/t.
SMC tests on 11 drill core samples returned an average Axb value of 138, which indicates that
the ore is soft and not competent with respect to SAG breakage.
Abrasion index tests averaged 0.13 grams.
Figure 2: Total Leach Extraction vs. Feed Grade (CNW Group/Freeman Gold Corp.)
Cyanide destruction tests using the SO
/Air process successfully reduced CN
WAD
from ~1,270 ppm
to below
5
ppm, well within typical discharge criteria. Reagent consumption requirements were
consistent with expectations for this process.
"These metallurgical results reinforce
Lemhi's
potential as a high-quality, free-milling gold project with
excellent recoveries and a simple, low-risk processing flowsheet," stated Bassam Moubarak, CEO
and Director of Freeman. "The combination of high gold extraction, moderate reagent use, and soft
ore characteristics provides a strong foundation for future development and underscores the
project's economic robustness."
Next Steps
Freeman will integrate the 2025 metallurgical dataset into ongoing engineering and mine planning
work. Further optimization, including confirmatory intensive leach testing and reagent consumption
modelling, is planned as the Company advances
Lemhi
toward its next phase of technical studies.
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.,
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 09-DEC-25