CSE:

FMAN

FWB:

3WU

OTCQB:

FMANF

Capital Structure

92,990,862

Common Shares Issued

** The above represents Freeman Gold’s capital structure as at September 7, 2021.

Executive Summary

Analyst Coverage

Echelon Capital Markets

Gabriel Gonzalez, CFA

P: 647-484-7285

E: ggonzalez@echelonpartners.com

Latest Interviews

Investment

Highlights

  • Maiden NI43-101 compliant mineral resource estimate (July 8th, 2021) defining high grade, oxide, near surface gold deposit open in all
    directions:

     749,800 oz Au at 1.02g / t in Indicated category

     250,300 oz Au at 1.01g/ t in Inferred category

  • 100% Owned Advanced Project: almost 80,000 metres of drilling, including
    2020 7,000 metre resource classification drill program

  • Shallow high-grade oxide gold mineralization intersected: 14 g / t Au over 10 metres, 3.4 g / t Au over 51.6 metres, and 1.1g / t Au over 189.1 metres –
    planned 4,000m resource expansion drill program Q4 2021

  • Permitting advantage: open pit, leachable resource primarily on privately owned patented ground

  • Initial metallurgical testing indicates excellent gold recoveries between 95% and 98% using traditional CIL/CIP with gravity circuit

  • Top tier management team with impressive track record of success in the
    mining industry

Value Proposition

  • From asset purchases, to M&A, to strategically entering the state, it is clear that Idaho is one of the most sought after gold mining jurisdictions.
  • The peer comparables demonstrate that there is a premium for a US based gold company with 1.5-2m oz.
  • Highly experienced management team. 
  • The majority of historical drilling was done via RC, many holes ended in mineralization.

Looking Forward

PHASE 1 COMPLETE

  • 7,149m of oriented diamond drilling designed to upgrade historic resource estimate with initial twin and infill drilling within the main zone completed in 2020
  • Maiden NI43-101 compliant resource completed July 2021
  • Extensive historical data compiled and integrated to database
  • Metallurgical testing program nearing completion, using 2012 and 2020 drill core
  • Regional ground exploration program completed, generating 11 high quality targets, many of which are newly discovered areas. 

PHASE 2 TO FOLLOW

  • Second phase of drilling will commence targeting brownfields intercepts on strike and at depth
  • This round of drilling will focus on areas outside of the initial resource already identified by historical drilling
  • Target is to increase the maiden compliant resource to 1.5M-2M oz of contained gold

FAST TRACK TO PRODUCTION; THE LEMHI ADVANTAGE

  • Over 90% of known mineralization located within patented claims, offering a distinct permitting advantage
  • Studies and work completed by previous operators offer a superior starting point
  • Metallurgical testing indicates excellent leach response amenable to heap leach or column leach processing

Talk to our team

Want to know more? Reach out to us today.