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Freeman Gold Files NI 43-101 Technical Report for Maiden High-Grade Oxide Gold Resource Estimate for Lemhi Deposit, Idaho
SALMON, Idaho, Aug. 11, 2021 /CNW/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) ("Freeman" or the "Company") is pleased to announce that it has fi
About this update from Freeman Gold Corp.
[{"type":"text","content":" SALMON, Idaho, Aug. 11, 2021 /CNW/ - Freeman Gold Corp. (CSE: FMAN) (OTCQB: FMANF) (FSE: 3WU) (\"Freeman\" or the \"Company\") is pleased to announce that it has filed on SEDAR a National Instrument 43-101 (\"NI 43-101\") compliant, independent technical report (the \"Report\") on its 100% owned Lemhi Gold Project located in Idaho. The Report summarizes the results of the maiden Mineral Resource Estimate (\"MRE\") conducted on the Lemhi Gold Project. The MRE was completed by APEX Geoscience Ltd. (\"APEX\") of Edmonton, Alberta. Highlights of the filed Report include: The pit constrained MRE using a 0.5 g.t cut-off and a gold price of US$1,550 per troy ounce (oz) is comprised of: Indicated MRE of 749,800 oz gold (\"Au\") at 1.02 grams per tonne (\"g/t\") in 22.94 million tonnes Inferred MRE of 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes; The resource is modelled as amenable to open pit mining using standard, low-cost gold leaching technologies, including carbon in leach and heap leach processing; Over 90% of the MRE is contained within Freeman's 100% owned patented claims; and The resource remains open on strike to the north, south and west as well as at depth. There are no material differences in the Report from those results disclosed in the Company's press release dated July 8, 2021. The Report was filed on August 10, 2021, with an effective date of June 1, 2021, and is entitled \"Maiden Resource Independent Technical Report for the Lemhi Gold Project, Lemhi County, Idaho, USA\". The Report, prepared in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects - is available for review on SEDAR (www.sedar.com) and on the Company's website (www.freemangoldcorp.com). The Report was prepared for Freeman by APEX and the mineral resource estimate contained in the Report was completed by Michael Dufresne M.Sc., P. Geol., P.Geo. Table 1: Lemhi Gold Project Mineral Resource Estimate Constrained with US$1,550 per ounce of gold Pit Shell at various Cut-Off Grades (effective as of June 1, 2021) Au Cutoff (grams per tonne) Tonnes (1,000 kg) Avg Au (grams per tonne) Au (troy ounces) Class 0.2 35,970,000 0.78 900,200 Indicated 0.3 32,341,000 0.84 870,000 0.4 27,490,000 0.92 815,500 0.5 22,939,000 1.02 749,800 0.6 18,683,000 1.12 674,700 0.8 12,038,000 1.36 526,500 1 7,812,000 1.61 405,300 0.2 13,952,000 0.72 32...