FREEMAN COMMENCES ITS 3RD SEASON OF BASELINE WATER QUALITY MONITORING AT THE LEMHI GOLD DEPOSIT, IDAHO
The baseline water quality monitoring program includes sampling and monitoring at 12 monitoring wells and five surface water monitoring sites, with monitoring locations covering the extent of Freeman's patented claims. Eight quarters of sampling have been completed at the site over the last two years and an additional four quarters of sampling will be completed in 2024.
Baseline water quality monitoring is a critical step in the permitting and mine planning process. Water quality data will be used to establish baseline conditions for groundwater and surface water and aid in the development of the conceptual site model. These components will then be used to request a Point of Compliance ("POC") Determination from the
The POC Determination is a critical permit in the
About the Company and Project
The recently completed PEA shows: an after-tax NPV(5%) of
On Behalf of the Company
President and Chief Executive Officer
For further information, please visit the Company's website at www.freemangoldcorp.com.
Neither the
Forward-Looking Statements: This press release contains "forward‐looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the Company's baseline water quality montoring program, results therefrom, and the Company's future business plans. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes 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 differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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