Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
Freeman Gold (CSE: FMAN) has upsized its private placement to $13 million from $10 million. The junior intends to spend the funds to advance its 100%-owned Lemhi gold project in Idaho. The property hosts a near-surface, high-grade oxide gold resource.
The company will issue approximately 37.1 million units at a price of 35¢ per unit. Each unit will consist of one common share and one-half of a share purchase warrant. Warrant holders may purchase shares for a period of five years at a price of 65¢ per share. The offering is expected to close by the end of this month.
Freeman published the initial pit-constrained resource estimate for the Lemhi project in June. The estimate includes an indicated resource of 22.9 million tonnes at 1.02 g/t gold for 749,800 oz. of gold. The inferred resource is 7.68 million tonnes at 1.01 g/t gold for 250,300 oz. of gold.
The estimate includes a surface area of 400 by 500 metres, extending to a depth of 180 metres below surface. The mineralization remains open on strike to the north, south and west as well as at depth. In calculating the numbers, the company used a $1,500 per oz. gold price and a cutoff grade of 1 g/t gold.
Freeman says there are two types of mineralization at Lemhi. The primary source is a halo around an intrusion, and the secondary source occurs along shallow dipping folds and faults.
Perhaps the best hole at Lemhi was reported when hole FG20-008C returned 174.2 metres trading 0.9 g/t gold, including 18.5 metres at 3.9 g/t.
(This article first appeared in the Canadian Mining Journal)
