TSXV:FMAN - Post Discussion
Post by
knoxt on Feb 02, 2022 8:35am
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| FREEMAN GOLD ADDS TWO ADDITIONAL DRILL RIGS - BEAUTY ZONE DRILL CORE SENT FOR ANALYSIS |
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CNW Group CANADIAN SECURITIES EXCHANGE: FMAN Freeman Gold Corp. (CSE: FMAN), (OTCQB: FMANF), (FSE: 3WU) ("Freeman" or the "Company") is pleased to provide an update on its Lemhi Gold Project ("Lemhi"), Idaho. Further to the announcement dated October 27, 2021, initial drilling at Lemhi commenced at the newly identified Beauty Zone ("Beauty Zone") during Q4 2021. Three diamond drill holes (FG21-001 to 003) totalling 328 meters were completed and have now been sent to the laboratory for analysis. After completing drilling at the Beauty Zone, the diamond drill was moved to the Lemhi Gold Deposit. Thus far three drill holes totalling 797 meters as part of the designed Phase 2 drill program have been completed. All three drill holes were step outs to the west of the deposit (FG21-004, 005 and FG22-001 - 85m step out, 93m step out, and 17m step out respectively). Continuation of Phase 2 drilling is currently underway. Freeman has signed a second diamond drilling contract with Major Drilling America, Inc. to provide two additional coring rigs in Q1 2022. This will bring the total operating rigs during Q1 to three to accelerate the resource expansion drill program and increase the total planned meterage to over 10,000 meters. All drill core samples will be sent to ALS Minerals Division, Vancouver, BC, an independent and fully accredited laboratory in Canada for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy (select holes). Freeman has a regimented Quality Assurance, Quality Control program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. The Company has granted 1,150,000 stock options to consultants of the Company with each stock option exercisable into a common share of the Company (a "Share") at a price of $0.50 for a period of five years and 1,800,000 stock options to certain directors and officers with each stock option exercisable into a Share at a price of $0.50 for a period of five years. |
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