Freeman Expands High Grade Gold Mineralization With Newly Discovered Beauty Zones

• After the return of the discovery hole FG21-003C, we drilled 8 additional holes (722 meters core for 5 holes, 509 meters reverse circulation for 3 holes) in the beauty zone 6 meters @ 68.23 grams per tonne of gold, 40.18 grams per tonne of silver 3.16m @ 128.92 g/t Au and 75.59 g/t Ag
• Mineralization is continuous over about 150 meters along strike and 115 meters downslope, with a continuous downslope in the main zone and localized mineralization above and below the main zone.
• Drill Hole FG22-013C Cross 4.2m @ Contains 3.2 g/t Au 0.6m @ 19.6 g/t Au
• drill hole FG22-020C cross 2.0m Contains @ 1.4 g/t Au 0.5m @ 4.7 g/t Au and 10.4 g/t Ag and 1.94% Cu
• Drill hole FG22-026C Intersect 0.9m @ 4.3 g/t Au and 22.6 g/t Ag and 1.6% Cu
• Drill hole FG22-056R intersection 12.19m @ 1.49 g/t Au (includes) 1.52m @ 8.04 g/t Au, which is believed to be a deep new zone
• Zone stays open with dips and strikes

Toronto Venture Stock Exchange: FMAN

Vancouver, British Columbia, January 31, 2023 /PRNewswire/ – Freeman Gold Corp. (TSXV: FMAN) (OTCQX: FMANF) (FSE: 3WU) (“freeman” or “company“) has five diamond-drilled holes and three reverse circulation (“RC“) A total of 1,231 meters of holes from the company’s follow-up drill program in the newly discovered Beauty Zone Idaho,usa. The borehole was designed to test mineralization along the strike and downdip of a known return hole (FG21-003C). 6 meters @ 68.23 grams per tonne of gold (“g/t Au“) and 40.18 grams per tonne of silver (“g/t Ag“), include 3.16m @ 128.92 g/t Au and 75.59 g/t Ag (see dated news release) March 22, 2022). The Beauty Zone is a 350m x 250m rock and soil anomaly serendipitous gold piece that opens to the south, southwest, and east. Drilling reveals three distinct mineralized zones: upper, main and lower (Figure 1). The main zone protrudes to the surface where 28 rock grab samples contain >10 g/t Au (up to 450 g/t Au). Table 1 shows the intercepts from the current excavation. Figure 1 is a cross section and Figure 2 is a longitudinal section.

Paul Matisekexecutive chairman, commented: Lemhai business. Beauty Zones are considered additional high grade ounces that may be incorporated into the PEA. ”

All holes drilled so far intersect with shallow gold oxide. Here are the highlighted results selected from the 8 holes: 4.2 meters @ 3.2 g/t Au (includes) 0.6m @ 19.6 g/t Au (FG22-013C); 2.0m @ 1.4 g/t Au (includes) 0.5m @ 4.7 g/t Au, 10.4 g/t Ag, and 1.94 percent copper (“% Cu”) (FG22-020C); 0.9m @ 4.3 g/t Au, 22.6 g/t Ag, and 1.6% Cu (FG22-026C) and 12.19m @ 1.49 g/t Au (includes) 1.52m @ 8.04 g/t Au (FG22-056R; newly discovered bottom zone; see Figure 1)Gold mineralization in the Beauty Zone now extends about 150 meters along strike and 115 meters downhill, opening to depth and north along strike. The attached drill and long sections demonstrate the continuous nature of the zonal downdip (Figs 1 and 2). The zone continues to exhibit structural complexity and slow recovery due to faults.

Table 1 – Drill Results – Beauty Zone*

Remy gold deposit:

Current December 2022 A total of 50 new core drill holes totaling 12,168 meters and 10 RC holes totaling 1,621.5 meters were completed. LemhaiThese holes are primarily designed to test strike expansions of known resources and fill specific parts of gold deposits. Specifically, the drill program focuses on areas currently modeled as pit waste due to lack or sparse drill data. Every ounce added to these areas comes from zones of resource shells that can be upgraded to resources, even if they are close to the cutoff grade, thus adding value to the project (Figure 1 and Table 1). This marks the completion of his Phase 3 RC drilling program, which was terminated in December due to inclement weather and drilling issues. Additionally, 8 holes (5 core drill holes and 3 RC) were drilled in the beauty zone totaling 1,231 meters.

All drill core samples were sent to ALS Global Laboratories (Geochemistry Division), an independent and fully accredited laboratory (ISO 9001:2008), for gold analysis by fire assay and multi-element inductively coupled plasma spectroscopy is done. vancouver, canadaFreeman has a rigorous Quality Assurance and Quality Control (QA/QC) program with at least 10% duplicates, blanks and standards inserted into each sample shipment.

About the company and the project

Freeman Gold Corp. owns 100% owned Lemhi Gold properties (“planThe project consists of 30 square kilometers of highly prospective land, hosting a near-surface gold oxide resource. The pits are National Instrument 43-101 (“NI 43-101The Mineral Resource estimate according to “) consists of 749,800 ounces of gold (“Oh“) 1.02 grams per ton (“g/t22.94 million tons (indicated) and 7.83 million tons (estimated) at 1.01 g/t Au at 250,300 oz Au. Remi County, IdahoUSA” effective date June 1, 2021and signature date July 30, 2021Produced by APEX Geoscience Ltd. and F. Wright Consulting Inc. and available from the company profile on SEDAR (www.sedar.com). Our focus is on growing and advancing projects towards production decisions. The technical content of this news release is Dean BuesselerP.Geo., Qualified Person as defined in Company VP Exploration and NI 43-101.

on behalf of the company
William Randall
President and Chief Executive Officer

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release contains “forward-looking information or statements” within the meaning of Canadian securities laws. This may include, but is not limited to, statements regarding exploration, results and our future business plans. All statements in this release, other than statements of historical fact that address events or developments that we expect to occur, are forward-looking statements. Forward-looking statements are not historical facts and are generally, but not always, “expects,” “plans,” “anticipates,” “believes,” “intends,” Statements identified by the words “will” and “anticipate”. , “could” and similar expressions, or that an event or condition “occurs”, “would”, “could”, “could” or “should occur” . Although we believe that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may vary. They may differ from forward-looking statements. Such forward-looking information reflects our views regarding future events and is subject to risks, uncertainties and assumptions. Readers are advised to consult the company’s reports published through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete description of such risk factors and their potential impact. We recommend that you refer to this discussion. We do not undertake to update forward-looking statements or forward-looking information, except as required by law.

Source Freeman Gold Corporation