The Lemhi Gold Project includes ten patented mining claims, a patented mill site claim and 332 unpatented claims.
Drilling is scheduled to start at the end of April 2025 and will take approximately four weeks to complete.
The collected data will be used to update the project’s 2023 mineral resource estimate (MRE), which will contribute to the feasibility study currently under way.
The drilling campaign, consisting of roughly 3,000m, is designed to convert inferred resources within the pit shell to measured or indicated categories, as outlined in the preliminary economic assessment (PEA).
It will also extend exploration at the northern boundary of the pit shell and the Beauty Zone.
Spanning 2,727ha of mineral rights and 249ha of surface rights, the Lemhi Gold Project includes ten patented mining claims, a patented mill site claim and 332 unpatented claims.
Freeman Gold holds a 100% interest in all claims through ownership or its subsidiary.
The project database includes 525 drill-holes, with detailed collar data and assay results covering 92,696m of drilling across 64,299 sample intervals. Of these, 62,670 samples have been assayed for gold.
The 2023 MRE incorporated 442 drill-holes, with significant drilling activity between 1983 and 1995, and more recent efforts from 2012 to 2022.
Since 2019, Freeman Gold has invested approximately $26m (C$37.18m) in drilling and associated costs at the Lemhi Gold Project.
The 2023 PEA projected a high-grade, low-cost, open-pit gold operation with an average annual output of 80,100oz in the first eight years.
In a related development, Perpetua Resources’ Stibnite gold project in Idaho secured approval from the US Forest Service in January 2025.
