Printed: Oct. 25, 2021 at 4:30 AM PDT|Up to date: 54 minutes in the past
- 350 metre by 250 metre coincidental gold in rock and soil anomaly open in 3 instructions
- Positioned 600 metres west of Lemhi gold useful resource
- 52 of 105 rock samples larger than 1 g/t Au with 28 samples larger than 10 g/t Au
- (as much as 450 g/t Au)
- Zone is closely oxidized and silicified at floor
- Trenching and drill pad building are underway.
CANADIAN SECURITIES EXCHANGE: FMAN
VANCOUVER, BC, Oct. 25, 2021 /PRNewswire/ – Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) (“Freeman” or the “Firm“) is happy to report geochemical outcomes from the newly found Magnificence Zone (“Magnificence Zone“). This zone lies roughly 600 metres west of the Lemhi Gold Deposit the place Freeman lately reported a maiden Mineral Useful resource Estimate on July 8, 2021.
The untested Magnificence Zone lies wholly inside Freeman’s patented mining claims and is outlined by a 350 metre by 250 metre coincidental gold in rock and soil anomaly. Sections of this zone have been hydraulically mined between 1890 and the early 1900s. The Magnificence Zone was first recognized from prospecting throughout the 2020 subject work program, described as Goal 1 within the press launch dated Could 6, 2021. The Magnificence Zone’s location in relation to the Lemhi Gold Deposit and different exploration targets is proven in Determine 1.
“With the invention of the Magnificence Zone we have now added a top quality goal to our useful resource potential,” commented Paul Matysek, Govt Chairman. “We’re very excited in regards to the prospects of including close to floor, excessive grade oxide ounces close to Lemhi. The similarities between their geological settings and the very potential geochemical outcomes are hanging. It is a magnificence! Drill pads are being constructed for drill testing.”
In complete, 105 rock seize and 347 soil samples have been collected in and across the Magnificence Zone. A complete of 52 rock samples returned values larger than 1 gram per tonne (“g/t“) gold (“Au“), 39 with values larger than 5 g/t Au and 28 samples with larger than 10 g/t Au (as much as 450 g/t Au). Rock samples are closely oxidized and silicified at floor. (See Desk 1: Determine 2)
One distinction to mineralization on the Lemhi Gold Deposit is the presence of related silver in lots of the anomalous rock samples. Of the 105 rock seize pattern outcomes acquired so far, 48 samples on the Magnificence zone include larger than 10 g/t silver (“Ag“) (as much as 219 g/t Ag). Moreover, the anomalous rock grabs coincide with a gold in soil anomaly (recognized by Freeman throughout the 2020/2021 exploration campaigns) which is roughly 350 by 250 metres.
The Magnificence Zone Goal is hosted in Proterozoic silttites and quartzites much like the Lemhi Gold Deposit. The goal space is structurally advanced. Inside the heart of Magnificence Zone is an interpreted Northeast-Southwest (“NE-SW“) hanging fault. The host metasediments dip in reverse instructions on both facet of this fault (NW within the east block, SE within the west block). Though there’s a restricted quantity of outcrop uncovered, it seems that gold-silver mineralization is hosted in Northwest-Southeast oriented quartz veins which following jointing patterns operating sub-perpendicular bedding and the NE trending fault. A fold noticed within the outcropping quartz veins has rock seize samples containing 46 g/t Au and 56 g/t Ag. These high-grade quartz veins uncovered at floor characterize a compelling goal with respect to gold-silver mineralization on the property (See Determine 2).
Lately, Freeman re-established highway cuts over the Magnificence Zone Goal and uncovered further outcrops containing quartz veins, altered and oxidized silttites, silicified silttites and/or quartzites, fault gouges and folded stratigraphy. The outcrops are all at present being mapped and rock channel sampled. Drill pads are being constructed for preliminary drill testing.
All drill rock samples are despatched to ALS Minerals Division, Vancouver, BC, an impartial and totally accredited laboratory in Canada for evaluation for gold by Hearth Assay and multi-element Induction Coupled Plasma Spectroscopy. Freeman has a regimented High quality Assurance, High quality Management program the place a minimum of 10% duplicates, blanks and requirements are inserted into every pattern cargo. Moreover, soil samples have been despatched to SGS Canada Inc. and analyzed utilizing Ionic Leach (“IL”) methodology. Rock seize samples are by their nature selective and aren’t essentially indicative of the final geology or the grade throughout the Property.
Concerning the Firm
Freeman Gold Corp. is a mineral exploration firm centered on the event of its 100% owned Lemhi Gold property (the “Lemhi Undertaking“). The Lemhi Undertaking contains 30 sq. kilometres of extremely potential land. The challenge hosts a close to floor, shallow, excessive grade oxide gold useful resource. The pit constrained Nationwide Instrument 43-101 compliant mineral useful resource estimate is comprised of 749,800 oz gold (“Au”) at 1.02 grams per tonne (“g/t”) in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). The Firm is concentrated on rising and advancing the Lemhi Undertaking in the direction of a manufacturing determination. The technical content material of this information launch has been reviewed and accepted by Dean Besserer, P.Geol., VP Exploration of the Firm and a Certified Individual as outlined by Nationwide Instrument 43-101.
On Behalf of the Firm
President & CEO
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