Freeman Gold is pleased to announce that it has arranged a non-brokered private placement financing of 55,000,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $5.5 million. Each Unit is comprised of one common share of the Company and one transferable common share purchase warrant that entitles the holder thereof to acquire one common share of the Company at a price of $0.18 per share [...]
Freeman Gold Corp. is pleased to announce the receipt of CAD $4,800,000 from the exercise of 60,000,000 warrants. With these funds in hand, the feasibility study on the Lemhi Gold Project being prepared by Ausenco Engineering Canada ULC is fully funded. Bassam Moubarak, CEO of Freeman, stated, "The cash received from the warrant exercises provides the Company with the capital to complete the Lemhi feasibility study [...]
Freeman Gold Corp. is pleased to announce that it has completed its reverse circulation drilling program at the Lemhi Gold Project . The RC drill program consisted of approximately 2,860 metres of drilling in 30 drill holes. The drilling was designed to: Convert inferred ounces from the current mineral resource estimate to either measured or indicated for those ounces contained within the pit shell as designed as part of [...]
VANCOUVER, BC , May 27, 2025 /CNW/ - Freeman Gold Corp. is pleased to provide a corporate update on fiscal 2025 activities for the Lemhi Gold Project . On October 16, 2023, Freeman released a robust Preliminary Economic Assessment of the Project as completed by Ausenco Engineering Canada ULC . On February 10, 2025, the Company awarded a lump sum Feasibility Study of Lemhi to Ausenco. The FS is expected to be completed and [...]
Freeman Gold Corp. is pleased to announce that it has commenced its 2025 geotechnical work program that includes borehole drilling, test pit excavation, in-situ materials testing, and geophysical surveys at the Lemhi Gold Project . Results from this work will be incorporated in to a feasibility study of the Project, currently being prepared by Ausenco . The geotechnical work program aims to: Gather subsurface data to [...]
Freeman Gold Corp. is pleased to announce that it has commenced resource upgrade and expansion drilling at the Lemhi Gold Project . The 2025 reverse circulation drill program is targeting 3,000 metres of drilling designed to: Convert the inferred ounces from the current mineral resource estimate to measured or indicated . This portion will increase the drill density within the inferred resource that is contained within [...]
Freeman Gold Corp. is pleased to announce that it has awarded the Feasibility metallurgical test work contract to Base Metallurgical Laboratories Ltd. , Kamloops, British Columbia, Canada. The test work is part of a fourth phase of metallurgical test work at the Lemhi Gold Project . The results will be used in conjunction with the previous three phases as part of the recently commissioned feasibility study being completed [...]
Freeman Gold is pleased to announce the results of its updated price sensitivity analysis using current market prices completed by Ausenco Engineering Canada ULC and Moose Mountain Technical Services. Updating the pricing used in the Oct 16, 2023 initial Preliminary Economic Assessment at a base case of US$2,200/oz gold price, based on current long-term consensus forecasts, results in a post-tax Net Present Value 5% of [...]
Freeman Gold Corp. welcomes President Donald Trump's Executive Order to fast-track and revitalize American mineral production . Among its provisions, the Executive Order empowers use of the Defense Production Act to elevate domestic production capabilities and provides for program guidance on financing tools for mining projects made available through the U.S. Export-Import Bank. The Company is evaluating the new programs [...]
Freeman Gold Corp. is pleased to announce that it has awarded the reverse circulation drill program to Major Drilling America Inc. for the upcoming field season at the 100% owned Lemhi Gold Project in Idaho. Drilling will commence at the end of April 2025 and is expected to be completed in four weeks. The results will be used to update the existing 2023 Mineral Resource Estimate which will form part of the recently [...]
Freeman Gold Corp. is pleased to announce that it has commissioned a price sensitivity analysis for the Company's 100 percent owned Lemhi gold project , located in Idaho, USA. The study will use the engineering, mine design, scheduling and general layout of the Company's current Preliminary Economic Assessment for the Project and will use current gold prices and costs. The Project is a near-surface high grade oxide gold [...]
Freeman Gold Corp. is pleased to announce the appointment of Ausenco Engineering Canada ULC to lead the Lemhi Gold Project Feasibility Study , following a competitive bidding process. The Lemhi Gold Project is comprised of 10 patented mining claims , one patented mill site claim, and 332 unpatented mining claims, totalling 2,727 hectares of mineral rights and 249 hectares of surface rights. Freeman controls a 100 [...]
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