Freeman Gold Corp (CSE: FMAN) this morning reported results from its 2020 phase 1 drill campaign at its flagship Lemhi Gold project located within Idaho. A total of four drill holes saw assays released this morning, with the highlight value being 14.0 g/t gold over 10.0 metres.
The drill program saw a total of 34 diamond drill holes conducted on the property, with the company focused on confirming historical mineralization so as to enable the firm to be able to use over 355 historical drill holes conducted on site for its maiden resource. As a result, the company was largely focused on infill and step-out drilling to maximize the potential size of the resource.
The four holes reported this morning all intersected high-grade shallow oxide gold. Mineralization was found to extend to depths of over 200 metres, with hole FG20-006C intersecting 1.1 g/t gold over 189.1 metres, to a depth of 202.1 metres. Mineralization is said to be open at depth. The company has also indicated that high-grade gold zones appear to lie within larger lower grade mineralization envelopes.
| Drill Hole | Total Depth | From (m) | To (m) | Interval | Average Grade (g/t gold) |
|---|---|---|---|---|---|
| FG20-001C | 247 | 28.0 | 53.0 | 25.0 | 3.3 |
| including | 32.0 | 41.0 | 9.0 | 4.0 | |
| and incl. | 46.0 | 53.0 | 7.0 | 5.4 | |
| FG20-002C | 242 | 6.4 | 58.0 | 51.6 | 3.4 |
| incl | 47.0 | 57.0 | 10.0 | 14.0 | |
| FG20-003C | 185 | 40.0 | 96.0 | 56.0 | 1.2 |
| incl | 81.4 | 96.0 | 14.6 | 3.2 | |
| FG20-006C | 213 | 12.9 | 202.1 | 189.1 | 1.1 |
| incl | 37.0 | 129.0 | 92.0 | 1.8 | |
| incl | 81.5 | 89.2 | 7.7 | 8.7 | |
| incl | 81.5 | 85.8 | 4.3 | 15.1 |
“These initial results clearly demonstrate the high-grade nature of the Lemhi gold project, including project enhancing thick shallow high-grade oxide gold zones. This is a great start to the drill campaign confirming historically defined mineralization as well as providing a more comprehensive understanding of the gold mineralization and its controls.”
Will Randall, President and CEO
Freeman Gold Corp last traded at $0.58 on the CSE.
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