Lemhi Shallow Oxide Gold Mineralization Extended 166 Meters To The West

VANCOUVER - Freeman Gold Corp. reported on the 15 diamond drill holes from the 12,000m Phase II resource expansion and infill drill program at at the Lemhi Gold Deposit, Idaho, USA. Fourteen of these drill holes were designed to test mineralization on strike to the west of the known deposit (expansion holes) and one infill hole to improve the resource confidence in zones with historical drill holes. The expansion holes represent 20 to 166 meter step outs to the west of existing drilling where mineralization is untested and open. These areas were previously modeled as unmineralized due to lack of drilling in the initial maiden mineral resource estimate (MRE). The current MRE comprises an Indicated Mineral Resource of 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of gold and an Inferred Mineral Resource of 7.68 million tonnes at 1.01 g/t Au for 250,300 oz of gold. The MRE covers a surface area of 400 by 500 meters and extends down to a depth of 180 meters below surface. The resource expansion holes that form the bulk of the current Phase II drill program are designed to extend this current resource both along strike and at depth.

Paul Matysek, Executive Chairman, said, "Very positive news, these results clearly show gold mineralization at Lemhi extends up to 166 meters along strike and to the west.  Similar to our results in the east, the Lemhi gold deposit is expanding in all directions where historical drilling had not been conducted. This should add valuable ounces to our in pit mineral resource that is currently considered waste."

All holes drilled to date have intersected shallow oxide gold. Selected highlighted results from the 10 holes are 0.61 g/t Au over 66m, including 3.1 g/t Au over 5.0m (FG22-011C); 0.55 g/t Au over 55m, including 1.1 g/t Au over 18.52m (FG22-001C); 0.34 g/t Au over 105.92m including 1.49 g/t over 7.0m (FG22-031C); 0.24 g/t Au over 156.69m including 2.1 g/t over 7.44m (FG21-004C); 1.2 g/t Au over 24m (FG22-036C); 0.4 g/t Au over 41m (FG22-003C); and 1.5 g/t Au over 9.0m (FG22-010C). Gold mineralization now extends to at least 166 meters to the west and is open at depth.

To date, 50 new core drill holes for a total of 12,168 meters and seven reverse circulation (RC) holes totaling 1,128 meters have been completed at Lemhi. These holes have been primarily designed to test on strike extensions of the known resource as well as infill in certain parts of the gold deposit. In particular, the drill program has focused on areas currently modeled as pit waste because of no or sparse drill data. All ounces added in these areas, even if close to the cut-off grade, will add value to the project as they come from zones in the resource shell that can now be upgraded to resources. An additional 20 holes or approximately 4,000m have been planned as part of the Phase 3 RC drill program which is ongoing.