- Freeman Gold Corp (CSE:FMAN) has staked 219 additional claims at its Lehmi property in Idaho
- With the new additions, the junior gold explorer’s Idaho property now spans 7,515 acres
- Freeman Gold has also appointed a new Vice President, with Tom Panoulias stepping into the role, effective immediately
- In his previous career, Tom has raised over C$1 billion for mining companies through share offers will guide the company’s fund-raising initiative moving forward
- Freeman Gold Corp (FMAN) is down 3 per cent and is trading at 60 cents per share
Freeman Gold Corp (CSE:FMAN) has staked 219 additional claims at its Lehmi property in Idaho.
The newly staked land brings the total area of the Lehmi gold property to 7,515 acres.
Freeman Gold claims the new land covers highly prospective areas, which are in the vicinity of known near-surface gold.
As evidence, Freeman referred to the huge amount of historic exploration work that has been conducted on Lehmi, with 355 drill holes being sunk into the property between 1980 and 2013.
However, the company has stated the vast majority of this work was conducted on a single resource, and that the rest of the property has gone largely unexplored.
The company’s Vice President of Exploration, Dean Besserer said securing the total property package of 30 square kilometres has increased the company’s chances of striking satellite gold deposits.
“Given the current geological interpretation and the magnitude of the mineralised body, we feel that securing this additional land was imperative, as it will allow the company to pursue an aggressive exploration program in conjunction with resource-focused drilling,” he said.
Alongside the staking, the company has appointed Tom Panoulias as the company’s new Vice President. Tom has 15 years of capital markets experience, having previously worked at a number of companies, including Echelon Wealth, Dundee Capital.
Tom has raised over C$1 billion for mining companies through share offers in his career, and Freeman is hoping he can guide the company’s fund-raising initiative moving forward.
CEO and President of Freeman Gold, William Randall welcomed Tom aboard.
“We are pleased to have Tom’s experience and expertise as we get working on the Lehmi gold project,” he said.
Freeman Gold Corp (FMAN) is down three per cent and is trading at 60 cents per share at 12:30 pm EDT.