FREEMAN GOLD COMPLETES DRILLING AT THE LEMHI GOLD PROJECT
Original announcement by tmx on
- Company
- Freeman Gold Corp.
- Ticker
- FMAN
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other, Economic study
- Extracted
- 2026-09-17 23:06:35 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Freeman Gold Corp. has completed a 2,860-metre reverse circulation (RC) drilling program at the Lemhi Gold Project. The program aimed to convert inferred resources to measured/indicated categories and explore new zones, with assay results expected in early Q3 2025.
Reasoning: The announcement reports the completion of a drilling program intended for resource conversion and exploration, but actual assay results are pending (expected Q3). It also restates existing resource and PEA metrics.
Positive factors
- Completion of RC drilling program on time and budget
- Program designed for resource conversion and exploration extension
Facts used in scoring: 4
Classification and evidence
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The RC program was designed to convert inferred ounces to measured or indicated categories.
Evidence · text
“Convert inferred ounces from the current mineral resource estimate (" MRE ") ... to either measured or indicated”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is explicitly stated as NI 43-101 compliant.
Evidence · text
“The pit constrained National Instrument 43-101 (" NI 43-101 ") compliant mineral resource estimate”
QP/CP Signedpositive
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: The technical content was reviewed and approved by a Qualified Person (Dean Besserer).
Evidence · text
“The technical content of this release has been reviewed and approved by Dean Besserer , P. Geo., VP Exploration of the Company and a Qualified Person”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
indicatedLemhi Gold Project · goldTonnes: 25500000Grade: 1Grade Unit: g/tContained Metal: 819300Contained Unit: ozView all detailsHide details
Identity
- Project
- Lemhi Gold Project
- Commodity
- gold
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Effective date
- 2025-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dean Besserer
- Resource group id
- resource:4b63ec770e0c13540bc8
- Deposit or zone
- pit constrained
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 25500000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 819300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-06-09T00:00:00.000Z
Reasoning: Indicated portion of the current MRE.
Evidence · text
“25.5 million tonnes (819,300 oz) ... Indicated (819,300 oz)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
measuredLemhi Gold Project · goldTonnes: 4700000Grade: 1Grade Unit: g/tContained Metal: 168800Contained Unit: ozView all detailsHide details
Identity
- Project
- Lemhi Gold Project
- Commodity
- gold
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Effective date
- 2025-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dean Besserer
- Resource group id
- resource:b2dd6bcc2e685a59b8ff
- Deposit or zone
- pit constrained
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4700000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 168800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-06-09T00:00:00.000Z
Reasoning: Measured portion of the current MRE.
Evidence · text
“4.7 million tonnes Measured (168,800 oz)”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredLemhi Gold Project · goldTonnes: 7630000Grade: 1.04Grade Unit: g/tContained Metal: 256000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lemhi Gold Project
- Commodity
- gold
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Effective date
- 2025-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dean Besserer
- Resource group id
- resource:8b98bd3a71ace016d071
- Deposit or zone
- pit constrained
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7630000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 256000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-06-09T00:00:00.000Z
Reasoning: Inferred portion of the current MRE.
Evidence · text
“256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes (Inferred)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
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.