FREEMAN EXPANDS LEMHI GOLD DEPOSIT TO 1.22 Moz MEASURED AND INDICATED AT 0.79 G/T IN 48.310 MILLION TONNES IN UPDATED RESOURCE ESTIMATE
Executive Summary
The updated resource estimate represents a substantial milestone for Freeman Gold, providing enhanced definition and scale to what appears to be a sizeable gold deposit. At 0.79 g/t, the grade falls within the range typical of many large-scale, open-pit gold operations, while the 48.31 million tonne tonnage indicates significant scale that could support a long-life mining operation.
For the gold sector, this resource update demonstrates continued exploration success in Idaho's gold districts and adds to the inventory of substantial gold resources in the western United States. The measured and indicated classification provides a higher level of geological confidence compared to inferred resources, making this estimate more valuable for potential development planning and financing discussions.
The involvement of APEX Geoscience, a recognized consulting firm in mineral resource estimation, lends credibility to the technical work. As Freeman Gold continues to advance the Lemhi project, this expanded resource base positions the company for potential development studies and strategic discussions that could unlock value for shareholders in the growing North American gold sector.
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