Freeman Gold Corp. (TSXV: FMAN) has received approval of a Permit to Appropriate Water (Water Rights) at the Lemhi Gold Project in Idaho.
Freeman’s Water Rights are the only registered groundwater right in the Lemhi Gold Deposit’s basin.
The application’s water usage of 0.54 cubic feet per second was based on typical maximum consumption rates for gold mining operations of up to 100,000 ounces of gold per year. The usage rates are subject to change and Freeman can submit an application to amend (increase) the authorisation, if required, as the Lemhi Gold Project advances through engineering and economic studies.
“The approval is another key component of the development of the Lemhi Gold Deposit,” CEO,” Will Randall, said.
“These Water Rights concede Freeman the ability to use up to 0.54 cubic feet per second of water for a gold mining operation from aquifers that do not have any other conceded water permits. This is a crucial step in de-risking the project and demonstrates the value of mining-friendly tier-one jurisdictions such as Idaho.”
The Permit allows for ground water use in Township 26N, Range 21E sections 28, 29, 32, 33 of 0.54 cubic feet per second (CFS; 242 gallons/min) and a maximum of 6,500 gallons per day for domestic use. The permit is a preliminary order issued pursuant to Rule 730 of the IDWR’s Rules of Procedure. It can and will become a final order unless a party petitions for reconsideration, files an exception and brief, or requests a hearing within 14 days as of May 23, 2022. This period ended June 6, 2022.
Lemhi Gold Deposit
As of June 6, 2022, a total of 31 new drill holes have been completed at Lemhi for a total of 8,353 metres. These holes have been primarily designed to test on strike extensions of the known resource (23 drill holes) as well as infill in certain parts of the gold deposit (8 drill holes). In particular, the drill programme has focused on areas currently modelled as pit waste because of no or sparse drill data.
All ounces added in these areas, even if low grade, will add value to the project as it will be converting in pit waste material to resources. An additional 17 holes of approximately 4,400 m have been planned as part of the Phase 2 drilling programme.
Fifteen drill holes from Lemhi have been logged, sampled and sent to the laboratory. Analytical results are pending and two drills continue to operate at Lemhi.
For further information please visit: https://freemangoldcorp.com
