# Freeman Expands Lemhi Gold Deposit to 1.22 Moz Measured and Indicated at 0.79 g/t in 48.310 Million Tonnes in Updated Resource Estimate Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/freeman-expands-lemhi-gold-deposit-to-1-22-moz-measured-and-indicated-at-0-79-g--4c3d925c-bdd5-4ad4-8e67-91e4ab1f35d4 Original source: https://money.tmx.com/en/quote/FMAN/news/5807104556921750/freeman-expands-lemhi-gold-deposit-to-1-22-moz-measured-and-indicated-at-0-79-g- Publisher: tmx Original announcement: 2026-02-05T15:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Freeman Gold Corp. - Ticker: FMAN - Exchange: TSX - Region: Idaho, USA - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-17 22:57:41 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Freeman Gold Corp. has updated the Lemhi Gold Project Mineral Resource Estimate, expanding the Measured and Indicated \(M&I\) gold resource to 1.22 million ounces at 0.79 g/t across 48.31 million tonnes. This represents a 233,000 ounce increase in M&I compared to the 2023 estimate, driven by infill and expansion drilling. The resource is constrained within a conceptual open pit and remains open in multiple directions. Reasoning: The update shows substantial growth in M&I gold ounces through successful infill drilling and expansion, de-risking the project ahead of an upcoming Feasibility Study. - Positive factor: Significant M&I gold ounce increase of 233,000 oz vs 2023 MRE - Positive factor: Successful conversion of Inferred to M&I \(84,000 oz\) - Positive factor: Resource remains open in multiple directions \(strike and depth\) - Positive factor: High recovery assumption \(96.2%\) supports economic potential - Negative factor: Resource is currently undiluted and constrained within a conceptual pit shell Facts used in scoring: 3 ## Classification and evidence **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: M&I gold ounces increased by 233,000 oz compared to the 2023 MRE. Evidence · text > Freeman has increased M&I by 233,000 Au oz versus the 2023 MRE. **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: 84,000 oz were upgraded from Inferred to M&I. Evidence · text > Of this increase, 84,000 oz were upgraded from Inferred to M&I **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Michael Dufresne of APEX Geoscience Ltd. is named as the responsible Qualified Person. Evidence · text > Mr. Michael Dufresne, M.Sc., P.Geol., P.Geo., of APEX Geoscience Ltd., is an independent Qualified Person \(" QP "\) and is responsible for the MRE. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE is reported in accordance with NI 43-101 requirements. Evidence · text > The 2026 Lemhi MRE is classified and reported in accordance with Canadian Securities Administrators' National Instrument 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The reporting cut-off grade of 0.20 g/t Au is clearly stated. Evidence · text > using a 0.20 gram per tonne \("g/t"\) gold \("Au"\) cut-off **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Resource Estimate ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-expands-lemhi-gold-deposit-to-1-22-moz-measured-and-indicated-at-0-79-g--4c3d925c-bdd5-4ad4-8e67-91e4ab1f35d4#fact-resource-facts-0) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Effective date: 2026-01-30T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael Dufresne - Resource group id: resource:8cf95c717f445e599fab - Deposit or zone: Lemhi - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 8356000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 247000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-01-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-05T00:00:00.000Z Reasoning: Standard measured resource component of the updated MRE. Evidence · table > 0.92 Context: 8,356,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-expands-lemhi-gold-deposit-to-1-22-moz-measured-and-indicated-at-0-79-g--4c3d925c-bdd5-4ad4-8e67-91e4ab1f35d4#fact-resource-facts-1) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Effective date: 2026-01-30T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael Dufresne - Resource group id: resource:51bf06f0e2cd56829e2e - Deposit or zone: Lemhi - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 39954000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 974000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-01-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-05T00:00:00.000Z Reasoning: Major component of the M&I resource. Evidence · table > 0.76 Context: 39,954,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-expands-lemhi-gold-deposit-to-1-22-moz-measured-and-indicated-at-0-79-g--4c3d925c-bdd5-4ad4-8e67-91e4ab1f35d4#fact-resource-facts-2) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Effective date: 2026-01-30T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Michael Dufresne - Resource group id: resource:e130626b3d6f29a2a678 - Deposit or zone: Lemhi - Mining method: open\_pit - Material type: oxide - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 10683000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 240000 - Contained Unit: oz - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-01-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-05T00:00:00.000Z Reasoning: Inferred resource component. Evidence · table > 0.70 Context: 10,683,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.