Vancouver, British Columbia–(Newsfile Corp. – August 28, 2020) – Freeman Gold Corp. (CSE: FMAN) (FSE: 3WU) (“Freeman” or the “Company”) is pleased to announce that Major Drilling America Inc (“Major”) has been awarded the diamond drill contract for its 100% owned Lemhi Gold project (“Lemhi” or the “Project”) located in Idaho, USA. The drill program consists of 5,000 metres of diamond drilling designed to twin a portion of historical drill holes within the known mineralized material. This is intended to confirm historical data and allow the use of over 355 historical drill holes in a National Instrument resource estimate. The drill program shall also include infill drilling within the known mineralized orebody to increase confidence and maximize the ounce count. Drill results will be used to complete a maiden NI 43-101 resource estimate for Lemhi, scheduled to be released after the completion of the drill program.
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Will Randall, President & CEO of Freeman Gold, commented, “We are pleased to have Major working with us on Lemhi. They bring experience and size which will allow us to ensure on schedule drilling and the ability to increase drill rigs in a short time frame. The first rig is to be on the property during the first week of September 2020, which puts us right on schedule.”
The drill contract is for a minimum of 10,000 feet. Drilling will take place in two shifts over 24 hours to maximize daily footage and reduce associated costs. Drilling is anticipated to commence on September 6th, 2020, as per the signed agreement.
About the Company
Freeman Gold Corp. is a mineral exploration company focused on the development of its 100% owned Lemhi Gold property. The Lemhi project comprises 30 square kilometers of highly prospective land. The mineralization at the Lemhi project consists of shallow, near surface primarily oxide gold mineralization that has seen over 355 drill holes but remains open at depth and along strike and in most directions. The Company is working towards de-risking the asset and a maiden NI 43-101 resource estimate as a result of both brownfields and greenfields exploration. The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., the VP Exploration for the Company and a Qualified Person as defined by National Instrument 43-101.
On Behalf of the Company
William Randall, President & CEO of Freeman Gold
For further information, please visit the Company’s website at www.freemangoldcorp .com or contact Mr. Ken Cotiamco at 604-687-7130 or by email at: ken@freemangoldcorp .com
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 statements relating to its future business plans. 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 Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62742