Freeman Gold Corp.
Freeman Gold is a mineral exploration company focused on the development of its 100-per-cent-owned Lemhi gold property in Lemhi county, Idaho, USA. The Lemhi project comprises 30 square kilometres of 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 toward de-risking the asset and an end of year maiden NI 43-101 resource estimate as both brownfields and greenfields exploration.
TARGET: To define a 1.5M - 2M oz primarily oxide, open pit deposit in Idaho.
Lemhi Gold Project, Idaho
The Lemhi Gold Project is located in Lemhi county, Idaho, approximately six km (3.7 miles) west of Gibbonsville, Idaho. Freeman has assembled a significant land package including patented and unpatented mining claims totalling more than 7,500 acres.
Previous operators of the Project, FMC Gold Company (FMC) and American Gold Resources (AGR), conducted exploration and development activities between 1984 and 1996. The FMC and AGR drilling delineated extensive gold mineralization covering an area roughly 600 m east-west by 450 m north-south. In 2011 the Lemhi Gold Trust (LGT) completed an aggressive predevelopment program. Drilling included 7,860 metres in 40 core holes and 2,672 metres in 15 holes of RC drilling. The Project has not seen any work since the 2011/2012 campaigns by LGT.
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.
The approved exploration program consists of 5,000 metres of diamond drilling, metallurgical testwork and extensive groundwork designed to:
Management and Directors
Will Randall, President, CEO & Director
Mr. Randall is a professional geologist with over 20 years of experience in the mining and mineral exploration industry. He has been involved in raising over $200M and the successful development of several mining projects, including joint ventures with majors and national governments. Most notably, he was the original property vendor for Lithium X a Canadian public company that was bought out by a Chinese group for $250 million.
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. Mr. Panoulias held senior roles at Kinross Gold Corporation and TVX Gold Inc. in corporate development.
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.
Paul Matysek, Strategic Advisor
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.
Victor Cantore, Director
Mr. Cantore has over 25 years of advisory and leadership experience including as the CEO of AMEX Explorations, a junior gold exploration company with a $250 million market cap.
Simon Marcotte, Director
Mr. Marcotte has over 20 years of capital market experience.
Ronald Stewart, Director
Mr. Stewart has over 30 years international experience in the mining and capital markets industry, with over 20 years direct mining operations experience.
On January 19, 2021, Freeman Gold Corp. has commenced metallurgical test work on its 100% owned Lemhi Gold Project located in Idaho, USA. This work is part of Freeman's integrated technical program to advance towards a production decision. A comprehensive review of the historical information and test work conducted by previous operators has been completed. Freeman's metallurgical team has designed a test work program to follow-up and enhance gold recoveries, ultimately leading to a project flowsheet for the Lemhi Project. The Company is utilizing samples from both historical and fresh drill core from the 2020 exploration drill program.
On December 16, 2020, Freeman Gold Corp. has provided an update on its 100-per-cent-owned Lemhi gold project, located in Idaho, United States.
Two diamond drill rigs completed 35 cored drill holes totaling 7,149 m. The drilling campaign confirmed the presence of numerous structurally controlled stacked, flat lying gold mineralized horizons initially identified by 70,196 meters of historical drilling conducted between 1984 and 2012. Detailed geological logging of the new core has also identified mineralized zones of varying thicknesses, ranging from 10 to over 100 metres similar to that found in previous historic drilling and drill sections. Core samples have been sent to ALS Minerals Division, Vancouver, B.C., and results are expected in the next 4 to 8 weeks.
On October 29, 2020, Freeman Gold Corp. has provided an exploration update for its 100-per-cent owned Lemhi gold project, located in Idaho, United States. Two diamond drill rigs are currently operating around the clock at Lemhi, with 16 cored drill holes totaling 3,328 m completed to date. The on-going drilling campaign has confirmed the presence of extensive gold mineralized horizons first established by historical exploration conducted between 1984 and 2013.
On October 7, 2020, Freeman Gold Corp. announced that it has appointed Paul Matysek as strategic advisor and Bassam Moubarak as chief financial officer, effective Oct. 1, 2020. Mr. Moubarak has also been appointed to the Company's board of directors. The appointment of Mr. Moubarak follows the resignation of Kelvin Lee as chief financial officer.
The Company further announced an aggregate grant of 1.3 million stock options to certain directors, officers and consultants of the Company exercisable at 60 cents expiring five years from the date of grant, subject to regulatory approval.
On September 15, Freeman Gold Corp. announced that it has acquired the Moon #100 and Moon #101 unpatented mining claims (“Moon Claims”), located within the historical resource area of the Company’s 100%-owned Lemhi gold project, located in Idaho. The Moon Claims are located towards the northern portion of the historical resource area in the immediate vicinity of historical drill holes 86065, 93002 and 93005 which contain significant gold mineralization including both broad (193.55 meters of 1.8 g/t Au) and high grade (57.91 meters of 4.09 g/t Au) gold intercepts.
On August 28, 2020, Freeman Gold Corp. announced that it has awarded Major Drilling America Inc. the diamond drill contract for its 100%-owned Lemhi gold project located in Idaho. 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 Sept. 6, 2020, as per the signed agreement.
On August 19, 2020, Freeman Gold Corp. announced that its board of directors has approved a comprehensive exploration program for its 100%-owned Lemhi gold project located in Idaho. The approved exploration program consists of 5,000 metres of diamond drilling, metallurgical testwork and extensive groundwork.