Freeman Gold Coro. (TSXV:FMAN) has successfully completed the Phase II diamond drill programme consisting of 12,168 metres in 50 holes as part of a resource expansion programme at its 100% owned Lemhi Gold Deposit, Idaho, USA.
A total of 46 of these drill holes were designed to test mineralisation on strike to the east and west of the known deposit (expansion holes) and four were infill holes in known areas to improve the resource confidence in zones where only historical drill holes exist. An additional five holes totalling 721 metres were drilled at the newly discovered Beauty zone.
The expansion holes ranged from 40 to 90 metres to the east or west of existing drilling where gold mineralisation was intersected. These particular areas were previously modelled as unmineralised due to lack of drill density 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 metres and extends down to a depth of 180 metres below surface. The resource expansion holes that form the bulk of the current Phase II drill programme are designed to extend this current resource both along strike and at depth.
“The diamond drilling programme was designed to confirm the continuity and increase the size of the Lemhi Gold Deposit,” Executive Chairman, Paul Matysek, said.
“The planned drill holes stepped out up to 90 metres along strike, adding approximately 20% to the known mineralized strike length. Intersecting gold mineralization in these areas will have a direct impact on increasing the in-pit gold resource.
“Furthermore, many of these zones that have been drilled lie within the ultimate pit shell, meaning any ounces that are added in these zones will be accretive to the overall resource.”
Lemhi Gold Deposit
As of August 31, 2022, a total of 50 new drill holes have been completed at Lemhi for a total of 12,168 metres. 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 programme has focused on areas currently modelled as pit waste due to a lack of 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 would result in an upgrade to resources. An additional 25 holes or approximately 5,000 metres have been planned as part of the Phase 3 RC drill programme.
For further information please visit: https://freemangoldcorp.com/
