Freeman Gold is a company based in Idaho, USA which has secured a fully-owned 7,500-acre land package as part of their flagship Lemhi Gold Project. The Fraser Institute Mining Survey 2019 ranks Idaho in the top 3 in the United States and top 8 worldwide on the mining attractiveness index.
The Lemhi Gold Project features a 7,500-acre land package that is undergoing exploration and is 100% owned by Freeman Gold.
The company is currently executing a 7,000m program, which is targeted towards validating 70,000m of historical core data to proceed towards phase 2 of drilling later this year. The results are promising as the company achieved high-grade 2.5g/t samples over 151m, which is a lot higher than the historical data suggested, potentially opening doors for significantly larger yields.
They are currently collaborating with a consulting firm (what company name?) based out of (town name) Canada for this project. Freeman is currently concluding phase 1 of its flagship project and heading into phase 2 drilling. Given the rich availability of historical data and their own phase 1 data, phase 2 will be strategic and it is hoped will result in savings in overall cost and time.
The Lemhi Gold exploration project also provides an opportunity for the discovery of high-grade feeder zones as the land package is previously unexplored. The deposits are part of a larger mineralized system, with oxidation that extends 30m-50m below the surface.
As per the historical reports, the resource estimates are around 800,000Moz to 1.2Moz Gold reserves at c.1g/t from the surface heap leachable oxidized, making it one of the highest-grade oxide deposits worldwide. Freeman Gold is planning deliverables over 1.5Moz from this project. The company plans to go into phase 3 and deliver between 1.5Moz 2Moz in a 3-year timeframe.
The Freeman Gold team consists of highly skilled individuals with decades of prior experience in exploring, building, and delivering mines.
Company page: https://freemangoldcorp.com/
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