FREEMAN EXPANDS HIGH GRADE GOLD MINERALIZATON AT THE NEWLY DISCOVERED BEAUTY ZONE

• Drilled eight further holes (722 metres core in 5 holes; 509 metres reverse circulation in three holes) on the Magnificence Zone after discovery gap FG21-003C which returned 6m @ 68.23 grams per tonne gold and 40.18 grams per tonne silver, together with 3.16m @ 128.92 g/t Au and 75.59 g/t Ag
• Mineralization is steady roughly 150 metres alongside strike and 115 metres down dip with the primary zone having continuity down dip and localized mineralization each above and under the primary zone
• Drill gap FG22-013C intersected 4.2m @ 3.2 g/t Au together with 0.6m @ 19.6 g/t Au
• Drill gap FG22-020C intersected 2.0m @ 1.4 g/t Au together with 0.5m @ 4.7 g/t Au and 10.4 g/t Ag and 1.94% Cu
• Drill gap FG22-026C intersected 0.9m @ 4.3 g/t Au and 22.6 g/t Ag and 1.6% Cu
• Drill gap FG22-056R intersected 12.19m @ 1.49 g/t Au, together with 1.52m @ 8.04 g/t Au, which is believed to be a brand new zone at depth
• The zone stays open down dip and on strike

Toronto Enterprise Inventory Trade: FMAN 

VANCOUVER, BC, Jan. 31, 2023 /PRNewswire/ – Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) (“Freeman” or the “Firm“) is happy to report it has obtained outcomes for 5 diamond drill holes and three reverse circulation (“RC“) holes totaling 1,231 metres from the Firm’s comply with up drill program at its newly found Magnificence Zone, Idaho, USA.  The drill holes had been designed to check mineralization alongside strike and down dip of the recognized discovery gap (FG21-003C) which returned 6m @ 68.23 grams per tonne gold (“g/t Au“) and 40.18 grams per tonne silver (“g/t Ag“), together with 3.16m @ 128.92 g/t Au and 75.59 g/t Ag (see information launch dated March 22, 2022). The Magnificence Zone is a part of a 350 metre by 250 metre coincidental gold in rock and soil anomaly which is open to the south, southwest and east.  Drilling now reveals three distinct mineralized zones – Higher, Important and Decrease zones (Determine 1). The primary zone tasks to floor the place 28 rock seize samples contained greater than 10 g/t Au (as much as 450 g/t Au). Desk 1 reveals the intercepts from present drilling, Determine 1 is a cross part and Determine 2 is a longitudinal part.

Paul Matysek, Government Chairman, commented, “We’re excited to have demonstrated continuity of the high-grade mineralization alongside strike and at depth on the Magnificence Zone. The zone happens close to floor and in shut proximity to our core Lemhi undertaking. We’ll take a look at the Magnificence Zone as further excessive grade ounces which may be integrated into our PEA.”   

All holes drilled up to now have intersected shallow oxide gold. Chosen highlighted outcomes from the eight holes are: 4.2 m @ 3.2 g/t Au, together with 0.6m @ 19.6 g/t Au (FG22-013C); 2.0m @ 1.4 g/t Au, together with 0.5m @ 4.7 g/t Au, 10.4 g/t Ag and 1.94 p.c copper (“% Cu”) (FG22-020C); 0.9m @ 4.3 g/t Au, 22.6 g/t Ag and 1.6% Cu (FG22-026C) and 12.19m @ 1.49 g/t Au, together with 1.52m @ 8.04 g/t Au (FG22-056R; newly found Decrease Zone; see Determine 1).  Gold mineralization on the Magnificence Zone now extends roughly 150 metres alongside strike and 115 metres down dip and is open at depth and alongside strike to the north. The drill part and lengthy part hooked up present the continual nature of the zone downdip (Determine 1 and a pair of). The zone does proceed to exhibit structural complexity and poor recoveries because of the faulting.

Desk 1 – Drill Outcomes – The Magnificence Zone*

Lemhi Gold Deposit:

As of December 2022 a complete of fifty new core drill holes for a complete of 12,168 metres and 10 RC holes totalling 1,621.5 metres had been accomplished at Lemhi. These holes have been primarily designed to check on strike extensions of the recognized useful resource in addition to infill in sure elements of the gold deposit. Specifically, the drill program has centered on areas at present modelled as pit waste due to no or sparse drill knowledge. All ounces added in these areas, even when near the cut-off grade, will add worth to the undertaking as they arrive from zones within the useful resource shell that may now be upgraded to assets (Figures 1 and Desk 1). This marks the completion of the Section 3 RC drill program which was concluded in December because of inclement climate and drilling points. Moreover, eight holes (5 core drill holes and three RC) had been drilled on the Magnificence Zone totalling 1,231 metres. 

All drill core samples are despatched to ALS World Laboratories (Geochemistry Division), an unbiased and absolutely accredited laboratory (ISO 9001:2008) for evaluation for gold by Fireplace Assay and multi-element Induction Coupled Plasma Spectroscopy, in Vancouver, Canada. Freeman has a regimented High quality Assurance, High quality Management (QA/QC) program the place at the least 10% duplicates, blanks and requirements are inserted into every pattern cargo. 

In regards to the Firm and Mission

Freeman Gold Corp. is a mineral exploration firm centered on the event of its 100% owned Lemhi Gold property (the “Mission“). The Mission contains 30 sq. kilometres of extremely potential land, internet hosting a near-surface oxide gold useful resource. The pit constrained Nationwide Instrument 43-101 (“NI 43- 101“) compliant mineral useful resource estimate is comprised of 749,800 oz gold (“Au“) at 1.02 grams per tonne (“g/t“) in 22.94 million tonnes (Indicated) and 250,300 oz Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI 43-101 technical report titled “Maiden Useful resource Technical Report for the Lemhi Gold Mission, Lemhi County, Idaho, USA” with an efficient date of June 1, 2021, and signing date of July 30, 2021, as ready by APEX Geoscience Ltd. and F. Wright Consulting Inc. accessible below the Firm’s profile on SEDAR (www.sedar.com). The Firm is concentrated on rising and advancing the Mission in direction of a manufacturing determination. The technical content material of this information launch has been reviewed and accepted by Dean Besserer, P.Geo., VP Exploration of the Firm and a Certified Individual as outlined by NI 43- 101.

On Behalf of the Firm
William Randall
President and Chief Government Officer

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Ahead-Trying Statements: This press launch comprises “ahead–wanting info or statements” inside the which means of Canadian securities legal guidelines, which can embrace, however usually are not restricted to statements regarding exploration, outcomes therefrom, and the Firm’s future enterprise plans. All statements on this launch, apart from statements of historic info that deal with occasions or developments that the Firm expects to happen, are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are usually, however not at all times, recognized by the phrases “expects,” “plans”, “anticipates”, “believes”, “intends”, “estimates”, “tasks”, “potential” and comparable expressions, or that occasions or circumstances “will”, “would”, “might”, “might” or “ought to” happen. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements usually are not ensures of future efficiency and precise outcomes might differ from these within the forward-looking statements. Such forward-looking info displays the Firm’s views with respect to future occasions and is topic to dangers, uncertainties, and assumptions. The reader is urged to seek advice from the Firm’s studies, publicly accessible by way of the Canadian Securities Directors’ System for Digital Doc Evaluation and Retrieval (SEDAR) at www.sedar.com for a extra full dialogue of such threat components and their potential results. The Firm doesn’t undertake to replace ahead–wanting statements or ahead–wanting info, besides as required by legislation.

SOURCE Freeman Gold Corp.