Freeman Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 1570, 505 Burrard Street
Vancouver, BC
Canada V7X 1M5
Tel No.: 416-294-5649
Web Site:
Contact Person: Tom Panoulias
Position: VP of Corporate Development

Company Data

Traded Market: CSE | FWB | OTCQB
Traded Symbol: FMAN | 3WU | FMANF
Outstanding Shares: Approx. 93 million
52 Week High: $ 0.65
52 Week Low: $ 0.275
Present Price: Click Here


Freeman Gold Corp. is a well funded mineral exploration company focused on the development of its 100% owned Lemhi Gold property (the “Lemhi Project”), strategically located in mining friendly Idaho, USA. The Lemhi Project comprises 30 square kilometers of highly prospective mining claims. The mineralization at the Lemhi Project consists of shallow, near surface primarily oxide gold mineralization that has seen 407 historic drill holes but remains open at depth and along strike. The Company completed its Phase 1 drilling program of 7,149 metres in 35 holes during 2020 and announced a maiden NI 43-101 compliant mineral resource estimate defining a high grade, oxide, near surface gold deposit.

TARGET: To define a >1.5M oz primarily leachable, open pit deposit in Idaho.


Lemhi Gold Project, Idaho

The Lemhi Gold Project is strategically located in the heart of Lemhi County, Idaho. Idaho is one of the top ranked jurisdictions globally with an extensive and rich mining history. This prolific area is in close proximity to Revival Gold (Beartrack-Arnett Project), Barrick, Agnico Eagle among others.

Phase 1: Resource Diamond Drilling

  • 7,149m of drilling completed in 35 drill holes in 2020
  • Focusing on historical resource area, primarily on patented claims
  • Combination of twin and infill drilling
  • Near surface mineralization hosting oxide gold
  • Flat lying high-grade mineralization
  • Amenable to open pit mining
  • Multiple high-grade intervals close to surface
  • Mineralization open on strike and at depth

Phase 2: Resource Expansion Drilling

  • Deposit open in most directions, including at depth
  • Second drill campaign to focus on high priority target areas where previous work has identified gold mineralization open on strike and at depth
  • Increased understanding of deposit geology will help with more accurate targeting and modeling
  • Ground geophysics and geochemical surveys will aid in targeting strike and depth extensions

Favourable Metallurgy

  • Initial metallurgical testing indicates gold recoveries between 95% and 98%
  • Conventional tank leach processing favoured
    • Recovery of coarse gold with gravity pre-treatment
    • Moderate grind size (80% passing 110 microns)
    • High recoveries take advantage of high grade in positive gold price environment
  • Leach response and recoveries consistent over wide spatial area, depths (tested down to 202 metres below surface) and head grades (0.4 to 2.1 g/t Au)
  • Next phase of test-work to confirm recoveries over larger spatial area ahead of economic studies
  • Programs designed and supervised by Frank Wright (P.Eng.), executed by SGS Canada Inc. (BC)

Phase 3: Blue Sky Exploration Upside

  • Large land package essentially unexplored despite proximity to intrusive
  • These deposits are often part of a larger mineralized system, which have been unexplored
  • Major Structure at the neighboring Bear Track Deposit has yielded multiple gold discoveries along strike (6.5km)
  • 11 high priority target areas have been defined for follow-up exploration at the Lemhi project
  • 633 soil samples and 145 rock grab and channel samples analysed; 565 line km of ground magnetics and 1.4 sq. km of 3D IP Data surveyed
  • Grab samples discovered 5 targets with a total of 54 samples >1 g/t Au with assay values up to 450 g/t Au

Investment Highlights

  • Maiden NI 43-101 compliant mineral resource estimate (July 8th, 2021) defining high grade, oxide, near surface gold deposit:
    • 749,800 oz Au at 1.02 g/t in Indicated category
    • 250,300 oz Au at 1.01 g/t in Inferred category
  • 100% owned advanced project: almost 80,000 metres of drilling including 7,000 metre resource classification drill program completed Q4 2020
  • Shallow high-grade oxide gold mineralization intersected: 14 g/t Au over 10 metres, 3.4 g/t Au over 51.6 metres, 2.5 g/t Au over 151 metres, and 1.1 g/t Au over 189.1 metres
  • Permitting advantage: open pit, leachable resource primarily on patented claims, where Freeman owns mineral and surface rights
  • Initial metallurgical testing indicates excellent gold recoveries between 95% and 98%
  • Top tier management team with impressive track record of success in the mining industry


Management and Directors

Paul Matysek, Executive Chairman

Mr. Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004 as either CEO or Executive Chairman, Mr. Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Most recently, he was Executive Chairman of Lithium X Energy Corp., which was sold to Nextview New Energy Lion Hong Kong Limited for $265 million in cash.

Will Randall, President, CEO & Director

Mr. Randall is a professional geologist with over 20 years of experience in the mining and mineral exploration industry. One of the early movers in the lithium brine industry, where he acquired, discovered and developed the Sal de los Angeles lithium brine project in Argentina. He has been involved in raising over $200M and the successful development of several mining projects, including joint ventures with majors and national governments.

Bassam Moubarak, Chief Financial Officer and Director

Mr. Moubarak has over 10 years of experience in the mining industry. Most recently, he was Chief Financial Officer of Lithium X Energy Corp.

Dean Besserer, Vice President of Exploration

Mr. Besserer has more than 2 decades of exploration experience working in over 50 countries, including much of North America, often leading projects with annual exploration budgets exceeding $20 million U.S. He was the Vice President and partner at APEX Geoscience Ltd.

Tom Panoulias, Vice President of Corporate Development

Mr. Panoulias is a capital markets professional with over 15 years of experience.

He has previously worked at Echelon Wealth Partners, Fraser Mackenzie, and Dundee Capital Markets, raising over one billion dollars for issuers in the mining sector and advising senior management teams on numerous merger and acquisition transactions. Prior to entering capital markets. Mr. Panoulias held senior roles at Kinross Gold Corporation and TVX Gold Inc. in corporate development.

Victor Cantore, Director

Mr. Cantore is a seasoned capital markets professional specializing in the resource and high-tech sectors. He has over 25 years of advisory and leadership experience.

Simon Marcotte, Director

Mr. Marcotte has over 20 years of capital market experience.

News Update

On October 5, 2021, Freeman Gold Corp. reports >95% gold recoveries in initial metallurgical testing for the Lemhi Gold Project.


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