Freeman Gold Corp. reported that it has successfully completed the Phase II diamond drill program consisting of 12,168 metres in 50 holes as part of a resource expansion program at its 100% owned Lemhi Gold Deposit, Idaho, USA. A total of 46 of these drill holes were designed to test mineralization on strike to the east and west of the known deposit (expansion holes) and four were infill holes in known areas to improve the resource confidence in zones where only historical drill holes exist.

An additional five holes totaling 721 metres were drilled at the newly discovered Beauty zone. The expansion holes ranged from 40 to 90 metres to the east or west of existing drilling where gold mineralization was intersected. These particular areas were previously modelled as unmineralized due to lack of drill density in the initial maiden mineral resource estimate ("MRE").

The current MRE comprises an Indicated Mineral Resource of 22.94 million tonnes at 1.02 g/t Au for 749,800 oz of gold, and an Inferred Mineral Resource of 7.68 million tonnes at 1.01 g/t Au for 250,300 oz of gold. The MRE covers a surface area of 400 by 500 metres and extends down to a depth of 180 metres below surface. The resource expansion holes that form the bulk of the current Phase II drill program are designed to extend this current resource both along strike and at depth.

As of August 31, 2022, a total of 50 new drill holes have been completed at Lemhi for a total of 12,168 metres. These holes have been primarily designed to test on strike extensions of the known resource as well as infill in certain parts of the gold deposit. In particular, the drill program has focused on areas currently modelled as pit waste due to a lack of drill data.

All ounces added in these areas, even if close to the cut-off grade, will add value to the project as they come from zones in the resource shell that would result in an upgrade to resources. An additional 25 holes or approximately 5,000 metres have been planned as part of the Phase 3 RC drill program. Currently 45 drill holes from the project have been logged, sampled and sent to the laboratory.

It is estimated that samples for all 50 holes will be at the laboratory by the end of month and analytical results are presently pending for many of the holes. It is anticipated that the complete set of analytical results will be received by the end of fourth quarter. All drill core samples are sent to ALS Global Laboratories (Geochemistry Division), an independent and fully accredited laboratory (ISO 9001:2008) for analysis for gold by Fire Assay and multi-element Induction Coupled Plasma Spectroscopy (select drill holes), in Vancouer, Canada.

Freeman has a regimented Quality Assurance, Quality Control (QA/QC) program where at least 10% duplicates, blanks and standards are inserted into each sample shipment. The Company also collects RQ and SG and full geological logging.