FREEMAN'S 2025 PHASE 4 METALLURGICAL TESTWORK REPORTS >95% EXTRACTION AND CONFIRMS SIMPLE, LOW-RISK PROCESSING FOR LEMHI
Original announcement by tmx on
- Company
- Freeman Gold Corp.
- Ticker
- FMAN
- Exchange
- TSX
- Region
- Idaho, USA
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-17 23:02:34 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Freeman Gold Corp. has completed its 2025 Phase 4 metallurgical testwork for the Lemhi Gold Project, reporting high average gold leach extraction of 95.4%. The results confirm a simple, conventional CIL processing flowsheet with fast leach kinetics and soft ore characteristics.
Reasoning: The metallurgical testwork confirms high recoveries and a low-risk, conventional processing route, significantly de-risking the project's technical profile.
Positive factors
- High gold leach extraction (95.4% average)
- Simple, conventional CIL flowsheet
- Soft ore characteristics (low abrasion index)
- Fast leach kinetics (<24 hours)
Facts used in scoring: 4
Classification and evidence
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Gold leach extraction averaged 95.4%, which is in the exceptional band for CIL.
Evidence · text
“averaging 95.4%”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The CEO explicitly describes the project as a high-quality, free-milling gold project.
Evidence · text
“high-quality, free-milling gold project”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The flowsheet is based on a 120 µm P80 primary grind and standard CIL cyanidation.
Evidence · text
“based on 120 µm P 80 primary grind and standard CIL cyanidation”
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 Dean Besserer, P. Geo., a Qualified Person.
Evidence · text
“reviewed and approved by Dean Besserer , P. Geo., VP Exploration of the Company and a Qualified Person”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 4. 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
- Region
- usa_id
- Reported Region
- Idaho, USA
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:42ef54ada18c0eaa0241
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 25500000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 819300
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-09T00:00:00.000Z
Reasoning: Standard resource disclosure component.
Evidence · text
“25.5 million tonnes (168,800 oz) & 25.5 million tonnes 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
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
- Region
- usa_id
- Reported Region
- Idaho, USA
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:bc5bce1153ebdcaaf002
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 4700000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 168800
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-09T00:00:00.000Z
Reasoning: Standard resource disclosure component.
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
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
- Region
- usa_id
- Reported Region
- Idaho, USA
- Ticker
- FMAN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:e62e382c71bd5a49c28b
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7630000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 256000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-09T00:00:00.000Z
Reasoning: Standard resource disclosure component.
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
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
Metallurgical Results (1)
bottle rollLemhi Gold Project · goldRecovery: 95.4 %View all detailsHide details
Identity
- Project
- Lemhi Gold Project
- Commodity
- gold
- Region
- usa_id
- Reported Region
- Idaho, USA
- Ticker
- FMAN
Test Work
- Program Status
- detailed
- Test Type
- bottle roll
- Processing Route
- 120 µm P 80 primary grind, standard CIL cyanidation
- Sample
- 2025 variability and composite samples
- Grind P80
- 120 µm
- Leach Time
- 24 hours
Recovery
- Recovery
- 95.4 %
- Recovery Basis
- actual_test
Reagents
- Cyanide
- 1.28 kg/t
- Lime
- 1.01 kg/t
Lab
- Laboratory
- Base Met Labs
- Consultant
- Ausenco Engineering Canada ULC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-12-09T00:00:00.000Z
Reasoning: Exceptional recovery results for a conventional CIL route.
Positive factors
- High average recovery
- Fast kinetics
- Moderate reagent use
Evidence · text
“Gold leach extraction of 91.2% to 97.4% - averaging 95.4% across 2025 variability and composite samples”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 95.4% is at or above the exceptional band (95%)
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.