Freeman Gold Corp.(TSXV: FMAN) (OTCQX: FMANF) has made a new gold-silver discovery at the Beauty Zone. located approximately 600 m west of the company’s Lemhi Gold Deposit in eastern Idaho, USA.
The Beauty Zone lies wholly within Freeman’s patented mining claims and is defined by a 350 m by 250 m coincidental gold in rock and soil anomaly. During Q4 2021, the first ever drilling at the Beauty Zone was designed as a fan of three diamond drill holes from one setup totalling 328 m. Drill hole FG21-003C intersected the highest-grade gold mineralisation ever drilled by Freeman.
Highlights:
· Hole FG21-003C drills 6m @ 68.23 grams per tonne gold (g/t Au) and 40.18 grams per tonne silver (g/t Ag), including 3.16m @ 128.92 g/t Au and 75.59 g/t Ag
· Extensive gold-silver mineralisation in drill hole FG21-003C interpreted as occurring on the west side (hanging wall) of a major fault
· Mineralisation is open to the north and northwest
· Follow-up drilling is planned for Q2 2022
“This new discovery is a major milestone for Freeman. The bonanza grades encountered at the Beauty Zone are the first ever drilled by the company outside of the Lemhi Gold Deposit, highlighting the prospective nature of our underexplored consolidated land package of more than 6,000 acres in Idaho,” Executive Chairman, Paul Matysek, said.
“We now have a high-grade gold discovery adjacent to Lemhi upon which we will look to build complementary ounces. Follow up drilling is planned.”
Drilling at Beauty was designed to test the continuity of high-grade veins mapped on surface with gold grab samples up to 450 g/t Au.
These veins are associated with an interpreted northwest trending fault; however, the exact relationship was not clear from limited surface exposure.
The three holes intersected the fault (FG21-001); the east side of the fault (FG21-002C); and the west side of the fault (FG21-003C). The discovery hole (FG21-003C) intersected bonanza grade gold-silver mineralisation in stacked vein sets.
For further information please visit: https://freemangoldcorp.com/
