Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the
“Company”) is pleased to announce additional results from the 2021
Reverse Circulation (“RC”) drill program from its Black Pine Oxide
Gold deposit in southeastern Idaho (“Black Pine”). Additionally,
the Company is pleased to announce the receipt of C$11.0 million in
cash since June 30, 2021, from the exercise of 18.5 million C$0.60
share purchase warrants which expired on October 2, 2021. Liberty
Gold has no remaining share purchase warrants outstanding.
The 70,000 metre (“m”) RC drill program at Black
Pine in 2021 has several objectives, including: step-out drilling
to extend the known zones of mineralization which all remain open
for expansion; resource upgrade drilling; and the testing of new
target areas with the goal to define new high-grade discoveries
such as the recent D-4 discovery at Rangefront. Results from
step-out and resource upgrade drilling in the Discovery Zone, E
Zone and Tallman North areas are presented in this news
release.
Following the D-4 discovery at
Rangefront, which includes 0.91 grams per tonne gold (“g/t Au”)
over 86.9 m and 2.03 g/t Au over 21.3 m in LBP356 (see
September 1, 2021 press release), two drill rigs have been
mobilized to this area and results from over a dozen holes are
pending. The drills are testing between the two Rangefront
Deposit pits, near the southern portion of the historical heap
leach pad and stepping out from the D-4 high grade oxide gold
discovery. Given the large size and the low elevation of the
Rangefront D-4 discovery, budgeting is underway for a winter drill
program. A third rig continues the resource
upgrade and step-out drilling program in the Discovery Zone and a
core rig is on-site conducting geotechnical drilling and initiating
phase 4 metallurgy testing, including in the D-4 Rangefront
area.
Cal Everett, President and CEO of
Liberty Gold stated, “The 2021 drill program at Black Pine
continues to accomplish its goals of stepping-out and extending
areas of known gold mineralization, resource upgrading and
targeting new gold discoveries. Today’s results demonstrate that
the Discovery Zone mineralization extends in two directions and
indicates the potential to join the E Zone and the Discovery Zone
into a larger, single pit. Our next batch of results will include
additional drilling in the Rangefront D-4 discovery area, while
still early days the large target area has the potential to be of
similar or greater scale to the Discovery Zone.”
For a map and cross sections of the drill hole locations in this
release, please click here:
https://libertygold.ca/images/news/2021/October/BlackPine_NR10072021ExplHoles.pdf
For a complete table of results for the current press release,
please click here:
https://libertygold.ca/images/news/2021/October/BlackPine_NR10072021currentholes.pdf
For a complete table of drill results from all Liberty Gold
drill holes at Black Pine, please click here:
https://libertygold.ca/images/news/2021/October/BlackPine_NR10072021forrelease.pdf
DISCOVERY ZONE AND E ZONE STEP-OUT
DRILLING HIGHLIGHTS
- Step-out holes extend the
mineralization in the Discovery Zone to the east and
west.
- Step-out holes
extend E Zone mineralization to the west
and the north, with potential to link the E Zone and the
Discovery Zone mineralization into a single resource pit.
- Results of step-out drilling are
reported for four areas:
- The southern extension of the D-1
zone, part of the Discovery Zone;
- The western extension of the
Discovery Zone
- The western extension of the E
Zone; and
- The northern extension of the E
Zone extending towards the Discovery Zone.
- High-grade gold mineralization was
encountered at the southern end of the D-1 Zone,
including, extending mineralization to the east of the resource
pit.
- Step-out holes were also drilled
along the western edge of Discovery Zone and were successful in
extending mineralization in that direction.
- Mineralization was extended down
dip to the west of the E Zone resource pit. Up to
45.7 m of continuous, above cut-off gold mineralization was
encountered in LBP332, with several thick zones encountered in
LBP328. The E Zone West holes were drilled to the west from the top
of a ridge; therefore, mineralization is shallow relative to
surface.
DISCOVERY ZONE AND E ZONE STEP-OUT
DRILLING HIGHLIGHT TABLE1
|
|
|
|
|
|
|
|
|
|
|
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Cut-off Au (g/t) |
Hole Length (m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP301 (90, -63) |
187.5 |
222.5 |
35.1 |
0.47 |
0.15 |
304.8 |
D-1 Southeast Extension |
Step-Out |
|
|
including |
187.5 |
210.3 |
22.9 |
0.55 |
0.20 |
|
|
and including |
193.6 |
198.1 |
4.6 |
1.28 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP311 (40, -60) |
0.0 |
7.6 |
7.6 |
0.59 |
0.20 |
196.6 |
D-1 Southeast Extension |
Step-Out |
|
|
including |
1.5 |
3.1 |
1.5 |
1.25 |
1.00 |
|
|
and |
44.2 |
53.3 |
9.1 |
0.38 |
0.20 |
|
|
and |
71.6 |
83.8 |
12.2 |
0.32 |
|
|
and |
94.5 |
120.4 |
25.9 |
0.42 |
0.15 |
|
|
including |
94.5 |
111.3 |
16.8 |
0.57 |
0.20 |
|
|
and including |
96.0 |
99.1 |
3.0 |
1.72 |
1.00 |
|
|
and |
121.9 |
137.2 |
15.2 |
0.70 |
0.15 |
|
|
including |
121.9 |
132.6 |
10.7 |
0.93 |
0.20 |
|
|
and including |
123.4 |
126.5 |
3.0 |
1.92 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP313 (80, -50) |
0 |
7.62 |
7.6 |
0.65 |
0.15 |
239.3 |
D-1 Southeast Extension |
Step-Out |
|
|
including |
0.0 |
4.6 |
4.6 |
0.99 |
0.20 |
|
|
and including |
0.0 |
3.1 |
3.0 |
1.31 |
1.00 |
|
|
and |
54.9 |
64.0 |
9.1 |
0.41 |
0.20 |
|
|
and |
86.9 |
114.3 |
27.4 |
0.34 |
0.15 |
|
|
including |
97.5 |
114.3 |
16.8 |
0.43 |
0.20 |
|
|
and including |
100.5 |
102.1 |
1.5 |
1.42 |
1.00 |
|
|
and |
126.5 |
146.3 |
19.8 |
0.40 |
0.15 |
|
|
including |
126.5 |
129.5 |
3.0 |
1.27 |
0.20 |
|
|
and including |
126.5 |
128.0 |
1.5 |
1.62 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Cut-off Au (g/t) |
Hole Length (m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP315 (250, -55) |
29.0 |
57.9 |
29.0 |
0.29 |
0.15 |
304.8 |
D-1 Southeast Extension |
Step-Out |
|
|
including |
53.3 |
57.9 |
4.6 |
0.58 |
0.20 |
|
|
and |
128.0 |
134.1 |
6.1 |
0.91 |
0.20 |
|
|
including |
129.5 |
132.6 |
3.0 |
1.38 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP328 (310, -45) |
0.0 |
13.7 |
13.7 |
0.30 |
0.15 |
263.7 |
E Zone West |
Step-Out |
|
|
and |
50.3 |
71.6 |
21.3 |
0.30 |
0.15 |
|
|
including |
56.4 |
71.6 |
15.2 |
0.37 |
0.20 |
|
|
and |
112.8 |
135.6 |
22.9 |
0.22 |
0.15 |
|
|
and |
153.9 |
181.4 |
27.4 |
0.24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP332 (225, -50) |
10.7 |
22.9 |
12.2 |
0.28 |
0.15 |
410.0 |
E Zone West |
Step-Out |
|
|
and |
11.8 |
158.5 |
45.7 |
0.32 |
0.15 |
|
|
including |
121.9 |
158.5 |
36.6 |
0.35 |
0.20 |
|
|
and |
164.6 |
173.7 |
9.1 |
0.24 |
0.15 |
|
|
and |
294.1 |
297.2 |
3.0 |
0.55 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP339 (200, -47) |
1.5 |
13.7 |
12.2 |
0.77 |
0.20 |
342.9 |
E Zone West |
Step-Out |
|
|
including |
6.1 |
9.1 |
3.0 |
1.86 |
1.00 |
|
|
and |
199.6 |
210.3 |
10.7 |
0.51 |
0.15 |
|
|
including |
201.2 |
207.3 |
6.1 |
0.76 |
0.20 |
|
|
and including |
202.7 |
204.2 |
1.5 |
1.10 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP297 (270, -90) |
59.4 |
65.5 |
6.1 |
0.45 |
0.15 |
460.9 |
E Zone North |
Step-Out |
|
|
including |
59.4 |
62.5 |
3.0 |
0.72 |
0.20 |
|
|
and |
108.2 |
111.3 |
3.0 |
0.98 |
0.20 |
|
|
including |
108.2 |
109.7 |
1.5 |
1.65 |
1.00 |
|
|
and |
181.4 |
195.1 |
13.7 |
0.53 |
0.20 |
|
|
including |
181.4 |
182.9 |
1.5 |
1.60 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP314 (20, -60) |
114.3 |
123.4 |
9.1 |
0.24 |
0.15 |
336.8 |
E Zone North |
Step-Out |
|
|
and |
202.7 |
216.4 |
13.7 |
0.63 |
0.15 |
|
|
including |
204.2 |
214.9 |
10.7 |
0.76 |
0.20 |
|
|
and including |
210.3 |
214.9 |
4.6 |
1.36 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP326 (05, -45) |
99.1 |
111.3 |
12.2 |
0.81 |
0.20 |
297.2 |
E Zone North |
Step-Out |
|
|
including |
102.1 |
105.2 |
3.0 |
2.42 |
1.00 |
|
1Liberty Gold has changed the reporting cut-offs
to include a 0.15 g/t Au cut-off, to reflect the lower cut-offs
used by most operating oxide heap-leach mines in the Great Basin.
The 0.15 g/t Au cut off is not shown in the table if it is
identical to the corresponding interval using a 0.2 g/t Au cut-off.
Downhole thickness is reported herein; true width varies depending
on drill hole dip, but generally range from 60% to 80% of true
thickness. Gold grades are reported uncapped. The highlight table
removes some shorter and/or lower grade intervals; please see the
full table at the link provided for all reportable intervals.
DISCOVERY ZONE RESOURCE UPGRADE
HIGHLIGHTS
- Resource upgrade drilling was
carried out throughout the Discovery Zone, to convert the inferred
portion of the resource, totalling 12% of the Discovery Zone
resource, to indicated.
- The Discovery Zone makes up ~74% of
the current resource ounces at Black Pine.
- Results received to date support
the block model, and in some cases returned better than expected
mineralization. Results include:
- LBP 377: 0.58 g/t Au over 25.9 m
and 0.85 g/t Au over 16.8 m and 0.88 g/t Au over 25.9 m including
1.09 g/t Au over 19.8m
DISCOVERY ZONE RESOURCE UPGRADE HOLES
HIGHLIGHT TABLE1
|
|
|
|
|
|
|
|
|
|
|
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Cut-off Au (g/t) |
Hole Length (m) |
Target |
Comments |
|
|
LBP357 (300, -60) |
121.9 |
132.6 |
10.7 |
0.30 |
0.20 |
336.8 |
Discovery Zone West |
Step-Out |
|
|
and |
216.4 |
236.2 |
19.8 |
0.45 |
0.15 |
|
|
including |
228.6 |
234.7 |
6.1 |
1.05 |
0.20 |
|
|
and including |
228.6 |
231.7 |
3.0 |
1.65 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP361 (120, -75) |
68.6 |
96.0 |
27.4 |
0.23 |
0.15 |
288.0 |
Discovery Zone |
Resource Upgrade |
|
|
including |
73.2 |
94.5 |
21.3 |
0.25 |
0.20 |
|
|
and |
140.2 |
157.0 |
16.8 |
0.38 |
0.15 |
|
|
including |
141.7 |
157.0 |
15.2 |
0.40 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP363 (205, -45) |
9.1 |
30.5 |
21.3 |
0.40 |
0.20 |
257.6 |
Discovery Zone |
Resource Upgrade |
|
|
and |
173.7 |
190.5 |
16.8 |
0.46 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP370 (90, -48) |
1.5 |
42.7 |
41.1 |
0.45 |
0.20 |
202.7 |
Discovery Zone |
Resource Upgrade |
|
|
including |
38.1 |
39.6 |
1.5 |
2.67 |
1.00 |
|
|
and |
91.4 |
100.6 |
9.1 |
0.48 |
0.15 |
|
|
including |
93.0 |
100.6 |
7.6 |
0.53 |
0.20 |
|
|
and |
170.7 |
187.5 |
16.8 |
0.50 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP377 (330, -60) |
19.8 |
51.8 |
32.0 |
0.21 |
0.15 |
349.0 |
Discovery Zone |
Resource Upgrade |
|
|
and |
91.4 |
108.2 |
16.8 |
0.37 |
0.15 |
|
|
including |
91.4 |
106.7 |
15.2 |
0.39 |
0.20 |
|
|
and |
170.7 |
175.3 |
4.6 |
0.61 |
0.20 |
|
|
and |
187.5 |
213.4 |
25.9 |
0.58 |
0.20 |
|
|
including |
196.6 |
202.7 |
6.1 |
1.38 |
1.00 |
|
|
and |
221.0 |
237.7 |
16.8 |
0.85 |
0.15 |
|
|
including |
228.6 |
237.7 |
9.1 |
1.41 |
0.20 |
|
|
and including |
230.1 |
234.7 |
4.6 |
2.57 |
1.00 |
|
|
and |
263.7 |
289.6 |
25.9 |
0.88 |
0.15 |
|
|
including |
263.7 |
283.5 |
19.8 |
1.09 |
0.20 |
|
|
and including |
263.7 |
275.8 |
12.2 |
1.47 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP383 (235, -77) |
80.8 |
99.1 |
18.3 |
0.24 |
0.15 |
330.7 |
Discovery Zone |
Resource Upgrade |
|
|
and |
140.2 |
170.7 |
30.5 |
0.39 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP388 (75, -45) |
4.6 |
62.5 |
57.9 |
0.26 |
0.15 |
202.7 |
Discovery Zone West |
Step-Out |
|
|
and |
94.5 |
134.1 |
39.6 |
0.27 |
0.15 |
|
|
including |
94.5 |
99.1 |
4.6 |
0.59 |
0.2 |
|
|
including |
105.2 |
115.8 |
10.7 |
0.35 |
|
|
and |
176.8 |
187.5 |
10.7 |
0.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1Liberty Gold has changed the reporting cut-offs
to include a 0.15 g/t Au cut-off, to reflect the lower cut-offs
used by most operating oxide heap-leach mines in the Great Basin.
The 0.15 g/t Au cut off is not shown in the table if it is
identical to the corresponding interval using a 0.2 g/t Au cut-off.
Downhole thickness is reported herein; true width varies depending
on drill hole dip, but generally range from 60% to 80% of true
thickness. Gold grades are reported uncapped. The highlight table
removes some shorter and/or lower grade intervals; please see the
full table at the link provided for all reportable intervals.
NORTH TALLMAN HIGHLIGHTS
-
Several step-out holes down-dip to the north side of the historic
Tallman Pit intersected high-grade gold mineralization, but cyanide
solubility numbers in this small area are low primarily due to the
presence of organic carbon proximal to and below the historical pit
floor.
-
The presence of gold mineralization in this area presents the
possibility that it can be traced laterally into areas with no
organic carbon and high cyanide solubility.
-
Tallman Pit results appear to mark the southeast edge of the
Discovery Zone projected pit wall. Progressing to the southeast
past the Rangefront fault, there is no indication of any
carbonaceous material in all holes drilled to date.
NORTH TALLMAN DRILLING HIGHLIGHT
TABLE1
|
|
|
|
|
|
|
|
|
|
|
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Cut-off Au (g/t) |
Hole Length (m) |
Target |
Comments |
|
|
LBP289 (135, -60) |
48.8 |
65.5 |
16.8 |
0.38 |
0.15 |
275.8 |
North Tallman |
Step-Out2 |
|
|
including |
54.9 |
64.0 |
9.1 |
0.55 |
0.20 |
|
|
and |
80.8 |
94.5 |
13.7 |
0.34 |
0.15 |
|
|
and |
184.4 |
211.8 |
27.4 |
1.38 |
|
|
including |
184.4 |
204.2 |
19.8 |
1.85 |
0.20 |
|
|
and including |
185.9 |
192.0 |
6.1 |
4.37 |
1.00 |
|
|
and including |
198.1 |
202.7 |
4.6 |
1.28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP303 (100, -50) |
195.1 |
217.9 |
22.9 |
1.73 |
0.20 |
320.0 |
North Tallman |
Step-Out2 |
|
|
including |
195.1 |
205.7 |
10.7 |
3.34 |
1.00 |
|
|
and |
281.9 |
295.7 |
13.7 |
0.42 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP304 (65, -72) |
50.3 |
56.4 |
6.1 |
0.69 |
0.20 |
304.8 |
North Tallman |
Step-Out2 |
|
|
including |
50.3 |
51.8 |
1.5 |
1.51 |
1.00 |
|
|
and |
193.6 |
208.8 |
15.2 |
0.82 |
0.20 |
|
|
including |
204.2 |
208.8 |
4.6 |
1.43 |
1.00 |
|
|
and |
214.9 |
233.2 |
18.3 |
0.60 |
0.15 |
|
|
including |
219.5 |
233.2 |
13.7 |
0.75 |
0.20 |
|
|
and including |
219.5 |
221.0 |
1.5 |
2.33 |
1.00 |
|
|
and including |
225.6 |
228.6 |
3.0 |
1.33 |
|
|
and |
239.3 |
248.4 |
9.1 |
0.74 |
0.20 |
|
|
including |
243.8 |
245.4 |
1.5 |
1.12 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP305 (250, -90) |
54.9 |
68.6 |
13.7 |
0.32 |
0.15 |
269.7 |
North Tallman |
Step-Out2 |
|
|
including |
54.9 |
61.0 |
6.1 |
0.53 |
0.20 |
|
|
and |
198.1 |
222.5 |
24.4 |
0.59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP308 (90, -47) |
201.2 |
219.5 |
18.3 |
0.97 |
0.15 |
350.5 |
North Tallman |
Step-Out2 |
|
|
including |
201.2 |
217.9 |
16.8 |
1.05 |
0.20 |
|
|
and including |
202.7 |
207.3 |
4.6 |
2.56 |
1.00 |
|
|
and |
277.4 |
297.2 |
19.8 |
0.53 |
0.15 |
|
|
including |
283.5 |
297.2 |
13.7 |
0.69 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP319 (80, -47) |
211.8 |
225.6 |
13.7 |
0.88 |
0.20 |
342.9 |
North Tallman |
Step-Out2 |
|
|
including |
213.4 |
214.9 |
1.5 |
2.46 |
1.00 |
|
|
and |
304.8 |
324.6 |
19.8 |
1.01 |
0.15 |
|
|
including |
304.8 |
321.6 |
16.8 |
1.15 |
0.20 |
|
|
and including |
307.9 |
315.5 |
7.6 |
1.79 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP322 (62, -60) |
193.6 |
208.8 |
15.2 |
0.39 |
0.15 |
288.0 |
North Tallman |
Step-Out2 |
|
|
including |
193.6 |
207.3 |
13.7 |
0.41 |
0.20 |
|
|
and |
221.0 |
251.5 |
30.5 |
0.32 |
0.15 |
|
|
including |
221.0 |
246.9 |
25.9 |
0.35 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP325 (62, -47) |
224.0 |
280.4 |
56.4 |
0.49 |
0.15 |
347.5 |
North Tallman |
Step-Out2 |
|
|
including |
224.0 |
278.9 |
54.9 |
0.50 |
0.20 |
|
|
and including |
224.0 |
227.1 |
3.0 |
1.29 |
1.00 |
|
|
and including |
234.7 |
236.2 |
1.5 |
1.78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP327 (35, -72) |
205.7 |
240.8 |
35.1 |
0.68 |
0.15 |
257.6 |
North Tallman |
Step-Out2 |
|
|
including |
213.4 |
240.8 |
27.4 |
0.81 |
0.20 |
|
|
and including |
228.6 |
234.7 |
6.1 |
2.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP329 (35, -60) |
222.5 |
259.1 |
36.6 |
0.57 |
0.20 |
274.3 |
North Tallman |
Step-Out2 |
|
|
including |
245.4 |
248.4 |
3.0 |
2.08 |
1.00 |
|
|
including |
254.5 |
256.0 |
1.5 |
1.11 |
|
|
|
|
|
|
|
|
|
|
|
|
1Liberty Gold has changed the reporting cut-offs
to include a 0.15 g/t Au cut-off, to reflect the lower cut-offs
used by most operating oxide heap-leach mines in the Great Basin.
The 0.15 g/t Au cut off is not shown in the table if it is
identical to the corresponding interval using a 0.2 g/t Au cut-off.
Downhole thickness is reported herein; true width varies depending
on drill hole dip, but generally range from 60% to 80% of true
thickness. Gold grades are reported uncapped. The highlight table
removes some shorter and/or lower grade intervals; please see the
full table at the link provided for all reportable intervals.
2Areas of low cyanide solubility are present in
all intervals below approximately 180 m, likely due to the presence
of organic carbon.
2021 WORK PROGRAM
Drilling commenced April 1st and is focused on
upgrading inferred portions of the resource to indicated, step-out
drilling on defined targets and discovery drilling throughout the
12 km2 permitted drill area. The initial resource pit encompasses
the Discovery Zone (D-1, D-2 and D-3 high-grade oxide gold zones)
as well as smaller pits at the Rangefront, M, CD, F, J, E and Back
Range zones. The Black Pine oxide mineral resource estimate
released on July 13 (see below) does not include any drilling
conducted in 2021. All zones remain open for extension, with the
current drill program focussed on:
- Building on the
recent drill results in the Rangefront area
- Expanding the
Discovery Zone resource to the southwest, west, southeast, and
east
-
Linking the E Zone to the F Zone and CD Zone and assessing whether
this portion of the gold system can be extended to the northeast to
link with the Discovery Zone
-
Converting inferred ounces in the current resource to
indicated
-
Testing the shallow, high-grade Back Range Zone for the first
time
-
Testing other frontier areas where surface geology and geochemistry
suggest the presence of shallow zones of oxide gold.
ABOUT BLACK PINE
Black Pine is located in the northern Great
Basin, immediately adjacent to the Utah/Idaho border. It is a
Carlin-style gold system, similar in many ways to the prolific
deposits located along Nevada’s Carlin trend. Like Nevada
Gold Mines Corp. Long Canyon deposit, Black Pine represents a
growing number of Carlin-style gold systems located off the main
Carlin and Cortez trends in underexplored parts of the Great Basin.
The historic Black Pine Mine operated from 1992 to 1997,
during a period of historically low gold prices, with 435,000
ounces of gold produced from five composite, shallow pits, at an
average grade of 0.63 g/t Au.
A resource estimate containing an indicated
mineral resource of 1,715,000 ounces of gold at an average grade of
0.51 g/t Au and totalling 105,075,000 tonnes; and an inferred
mineral resource of 370,000 ounces of gold at an average grade of
0.37 g/t Au and totalling 31,211,000 tonnes was released on July
13, with the resource technical report filed on SEDAR and available
on the Liberty Gold website on August 19, 2021.
A virtual site tour and 3D model of Black Pine property,
including details about the geology and mineralization, is
available on the homepage of the Company’s website:
libertygold.ca
QUALITY ASSURANCE – QUALITY CONTROL
Drill composites were calculated using a cut-off
of 0.20 g/t Au. Drill intersections are reported as drilled
thicknesses. True widths of the mineralized intervals vary between
30% and 100% of the reported lengths due to varying drill hole
orientations but are typically in the range of 60% to 80% of true
width. Drill samples were assayed by ALS Limited in Reno, Nevada
for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA
finish, or if over 5.0 g/t Au were re-assayed and completed with a
gravimetric finish. For these samples, the gravimetric data were
utilized in calculating gold intersections. For any samples
assaying over 0.200 ppm an additional cyanide leach analysis is
done where the sample is treated with a 0.25% NaCN solution and
rolled for an hour. An aliquot of the final leach solution is then
centrifuged and analyzed by Atomic Absorption Spectroscopy. QA/QC
for all drill samples consists of the insertion and continual
monitoring of numerous standards and blanks into the sample stream,
and the collection of duplicate samples at random intervals within
each batch. Selected holes are also analyzed for a 51 multi-element
geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO
17025:2005 Accredited, with the Elko prep lab listed on the scope
of accreditation.
QUALIFIED PERSON
Moira Smith, Ph.D., P.Geo., Vice-President
Exploration and Geoscience, Liberty Gold, is the Company's
designated Qualified Person for this news release within the
meaning of National Instrument 43-101 Standards of Disclosure for
Mineral Projects ("NI 43-101") and has reviewed and validated that
the information contained in the release is accurate.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring the Great
Basin of the United States, home to large-scale gold projects that
are ideal for open-pit mining. This region is one of the most
prolific gold-producing regions in the world and stretches across
Nevada and into Idaho and Utah. We know the Great Basin and
are driven to discover and advance big gold deposits that can be
mined profitably in open-pit scenarios. Our flagship projects
are Black Pine in Idaho and Goldstrike in Utah, both past-
producing open-pit mines, where previous operators only scratched
the surface.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations Phone:
604-632-4677 or Toll Free 1-877-632-4677 info@libertygold.ca
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Liberty Gold within the meaning of applicable
securities laws, including statements that address potential
quantity and/or grade of minerals. Forward-looking information is
often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "planned", "expect",
"project", "predict", "potential", "targeting", "intends",
"believe", "potential", and similar expressions, or describes a
"goal", or variation of such words and phrases or state that
certain actions, events or results "may", "should", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among
others, assumptions about future prices of gold, and other metal
prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining governmental
approvals and financing on time, obtaining renewals for existing
licenses and permits and obtaining required licenses and permits,
labour stability, stability in market conditions, the impact from
the pandemic of the novel coronavirus (COVID-19), availability of
equipment, timing of assay results, results and accuracy of mineral
resources, timing of the publication of any PEAs, the availability
of drill rigs, successful resolution of disputes and anticipated
costs and expenditures. Many assumptions are based on factors and
events that are not within the control of Liberty Gold and there is
no assurance they will prove to be correct.
Such forward-looking information, involves known
and unknown risks, which may cause the actual results to be
materially different from any future results expressed or implied
by such forward-looking information, including, risks related to
the interpretation of results and/or the reliance on technical
information provided by third parties as related to the Company’s
mineral property interests; changes in project parameters as plans
continue to be refined; current economic conditions; future prices
of commodities; possible variations in grade or recovery rates; the
costs and timing of the development of new deposits; failure of
equipment or processes to operate as anticipated; the failure of
contracted parties to perform; the timing and success of
exploration activities generally; the timing of the publication of
any PEAs; delays in permitting; possible claims against the
Company; labour disputes and other risks of the mining industry,
including impacts from the pandemic of the novel coronavirus
(COVID-19); delays in obtaining governmental approvals, financing
or in the completion of exploration as well as those factors
discussed in the Annual Information Form of the Company dated March
26, 2021 in the section entitled "Risk Factors", under Liberty
Gold’s SEDAR profile at www.sedar.com.
Although Liberty Gold has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
Liberty Gold disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise.
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024