Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the
“Company”) is pleased to announce results from the 2022 winter
reverse circulation (“RC”) drill program at the M Zone, and final
results from the 2021 resource upgrade and step-out drilling
program at the Discovery Zone at the Black Pine oxide gold deposit
in southern Idaho.
The M Zone, located east of Discovery Zone, is a
focus of our 2022 drill program given the near-surface
mineralization and proximity to lower elevation areas to the east
that might be suitable for heap leach infrastructure. Results from
the 2022 winter drill program delivered relatively high-grade oxide
gold mineralization at shallow depths (~30 to 80 meters (“m”) below
surface). The current resource contains two pits in the M Zone and
today’s results targeted the 250 m gap between these two pits, with
the primary objective to link mineralization into a single larger
deposit over a 750 m length.
Drilling is currently underway to the southwest
of the M Zone, testing a 650 m gap in bedrock drilling overlain by
a historic waste dump that potentially contains mineralization
between the historic Tallman and CD pits, with the goal of linking
mineralization within this entire corridor from M Zone to CD Zone,
a distance of over 2 kilometres (“km”).
At the Discovery Zone, infill drill results
continue to confirm and increase confidence in the broad continuity
of oxide gold mineralization across the Discovery Zone, which hosts
74% of the current Black Pine resource ounces. Step-out drilling in
areas surrounding the Discovery Zone, suggests that several of
these zones can potentially be merged into a single, contiguous
resource area ultimately linking to the main Discovery Zone
pit.
Liberty Gold continues to advance its 87,000 m
drill program in 2022 and has delivered strong early returns at
both Rangefront and now at the M Zone. This illustrates the success
this year’s program has had so far in discovering, linking up and
expanding mineralized areas across the entire deposit and will
continue to be a key focus of our exploration program this
year.
Cal Everett, President and CEO of
Liberty Gold stated, “The 2021 drill campaign continued to
deliver strong results further demonstrating Black Pine as a
large-scale gold deposit in the Great Basin. The notable 2021
success was the Rangefront discovery, but step-out and in-fill
results within the Discovery Zone and surrounding areas also
continue to add value to the deposit. By the end of 2022 Liberty
Gold will have completed approximately 150,000 additional metres of
drilling subsequent to our first resource estimate at Black
Pine.”
For a map of all drill collars in this release and cross
sections, please click here:
https://libertygold.ca/images/news/2022/April/BlackPine_NR04202022MapSection.pdf
For a full table of Liberty Gold drill results for Black Pine,
please click here:
https://libertygold.ca/images/news/2022/April/BlackPine_NR04202022AllAssays.pdf
M ZONE HIGHLIGHTS:
-
The M Zone is located to the east of the Discovery Zone and
consists of relatively high-grade mineralization at shallow depths
in two small resource pits, separated by a previously undrilled,
250 m gap.
-
Drilling in this area in early 2022 yielded shallow, relatively
high-grade oxide gold intercepts in the gap between the two
resource pits, raising the possibility that the two pits might join
into a larger pit over a 750 m length.
-
The M Zone is a focus of our 2022 drill program given the
near-surface mineralization and proximity to lower elevation areas
to the east that might be suitable for heap leach
infrastructure.
M ZONE HIGHLIGHT
TABLE1
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
Cut-offAu(g/t) |
HoleLength(m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
LBP537 (245, -45) |
45.7 |
86.9 |
41.1 |
0.52 |
0.15 |
152.4 |
M Zone |
Step-out |
including |
47.2 |
86.9 |
39.6 |
0.54 |
0.20 |
and |
94.5 |
102.1 |
7.6 |
1.05 |
0.15 |
including |
94.5 |
100.6 |
6.1 |
1.26 |
0.20 |
and including |
97.5 |
100.6 |
3.0 |
1.64 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP542 (350, -45) |
93.0 |
146.3 |
53.3 |
0.56 |
0.15 |
147.8 |
M Zone |
Step-Out |
including |
93.0 |
144.8 |
51.8 |
0.57 |
0.20 |
and including |
115.8 |
117.3 |
1.5 |
1.03 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP550 (310, -45) |
74.7 |
129.5 |
54.9 |
0.42 |
0.15 |
129.5 |
M Zone |
Step-Out |
including |
76.2 |
93.0 |
16.8 |
0.58 |
0.20 |
and including |
77.7 |
80.8 |
3.0 |
1.13 |
1.00 |
including |
99.1 |
108.2 |
9.1 |
0.93 |
0.20 |
and including |
100.6 |
105.2 |
4.6 |
1.48 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP562 (225, -45) |
76.2 |
112.8 |
36.6 |
0.67 |
0.15 |
123.4 |
M Zone |
Step-out |
including |
80.8 |
112.8 |
32.0 |
0.73 |
0.20 |
and including |
86.9 |
97.5 |
10.7 |
1.29 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP564 (0, -45) |
53.3 |
61.0 |
7.6 |
0.64 |
0.20 |
152.4 |
M Zone |
Step-Out |
including |
53.3 |
54.9 |
1.5 |
1.04 |
1.00 |
and |
80.8 |
96.0 |
15.2 |
2.51 |
0.20 |
including |
83.8 |
94.5 |
10.7 |
3.40 |
1.00 |
and including |
89.9 |
93.0 |
3.0 |
6.65 |
5.00 |
and |
105.2 |
115.8 |
10.7 |
0.36 |
0.15 |
and |
134.1 |
143.3 |
9.1 |
0.63 |
0.20 |
including |
140.2 |
141.7 |
1.5 |
1.30 |
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 thicknesses are reported herein; true
width varies depending on drill hole dip, but generally ranges from
60% to 80% of true thickness. Gold grades are reported uncapped
Some deep intervals in this area report reduced cyanide solubility
resulting from the presence of organic carbon. For a full table of
results for this release, please see the link above.
DISCOVERY ZONE RESOURCE UPDGRADE
HIGHLIGHTS:
-
In 2021, Liberty Gold drilled a total of approximately 14,500 m in
72 holes in the Discovery Zone, with the goal upgrade the 18% of
the resource classified as inferred to indicated.
-
A secondary purpose of the 2021 drilling was to gain a better
understanding of the grade distribution in the 0.1 grams per tonne
gold (“g/t Au”) to 0.2 g/t Au range to choose a suitable cut-off
grade for future engineering studies.
-
Infill drill results continue to confirm and increase confidence in
the broad continuity of oxide gold mineralization across the
Discovery Zone.
-
Results include near-surface drilling in shorter holes that was
critical to fill-in previous gaps within the resource model
DISCOVERY ZONE
HIGHLIGHT TABLE1
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
Cut-offAu(g/t) |
HoleLength(m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
LBP375 (140, -45) |
32.0 |
42.7 |
10.7 |
0.28 |
0.15 |
221.0 |
Discovery Zone |
Resource upgrade |
including |
32.0 |
36.6 |
4.6 |
0.46 |
0.20 |
and |
45.7 |
68.6 |
22.9 |
0.22 |
0.15 |
and |
202.7 |
221.0 |
18.3 |
0.68 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP403 (135, -45) |
50.3 |
67.1 |
16.8 |
0.20 |
0.15 |
172.2 |
Discovery Zone |
Resource Upgrade |
and |
82.3 |
135.6 |
53.3 |
0.41 |
0.15 |
including |
100.6 |
102.1 |
1.5 |
1.10 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP407 (52, -63) |
16.8 |
29.0 |
12.2 |
0.31 |
0.15 |
306.3 |
Discovery Zone |
Resource Upgrade |
including |
22.9 |
29.0 |
6.1 |
0.45 |
0.20 |
and |
68.6 |
117.4 |
48.8 |
0.49 |
0.15 |
including |
68.6 |
103.6 |
35.1 |
0.61 |
0.20 |
and including |
85.3 |
89.9 |
4.6 |
1.37 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP410 (165, -45) |
120.4 |
144.8 |
24.4 |
0.40 |
0.15 |
269.7 |
Discovery Zone |
Resource Upgrade |
and |
164.6 |
202.7 |
38.1 |
0.40 |
0.15 |
including |
166.1 |
193.6 |
27.4 |
0.48 |
0.20 |
and |
211.8 |
230.1 |
18.3 |
0.29 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP428 (0, -45) |
38.1 |
64.0 |
25.9 |
0.31 |
0.15 |
274.3 |
Discovery Zone |
Resource Upgrade |
including |
42.7 |
64.0 |
21.3 |
0.34 |
0.20 |
and |
141.7 |
157.0 |
15.2 |
0.27 |
0.15 |
including |
141.7 |
155.5 |
13.7 |
0.28 |
0.20 |
and |
233.2 |
248.4 |
15.2 |
0.30 |
0.15 |
including |
239.3 |
245.4 |
6.1 |
0.48 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP431 (330, -77) |
4.6 |
21.3 |
16.8 |
0.32 |
0.20 |
332.2 |
Discovery Zone |
Resource Upgrade |
and |
30.5 |
47.2 |
16.8 |
0.30 |
0.15 |
including |
36.6 |
47.2 |
10.7 |
0.38 |
0.20 |
and |
71.6 |
82.3 |
10.7 |
0.56 |
and |
135.6 |
158.5 |
22.9 |
0.22 |
0.15 |
and |
176.8 |
199.6 |
22.9 |
0.20 |
and |
205.7 |
259.1 |
53.3 |
0.39 |
including |
228.6 |
259.1 |
30.5 |
0.54 |
0.20 |
and including |
231.7 |
233.2 |
1.5 |
1.32 |
1.00 |
and including |
239.3 |
240.8 |
1.5 |
2.19 |
and |
266.7 |
285.0 |
18.3 |
0.23 |
0.15 |
and |
291.1 |
298.7 |
7.6 |
1.66 |
and including |
292.6 |
297.2 |
4.6 |
2.41 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP436 (175, -45) |
6.1 |
22.9 |
16.8 |
0.43 |
0.15 |
275.8 |
Discovery Zone |
Resource Upgrade |
including |
6.1 |
21.3 |
15.2 |
0.45 |
0.20 |
and |
132.6 |
160.0 |
27.4 |
0.69 |
0.15 |
and including |
134.1 |
137.2 |
3.0 |
3.34 |
1.00 |
and |
192.0 |
205.7 |
13.7 |
0.50 |
0.15 |
including |
193.6 |
205.7 |
12.2 |
0.54 |
0.20 |
and including |
199.6 |
202.7 |
3.0 |
1.16 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP442 (32, -68) |
86.9 |
97.5 |
10.7 |
0.26 |
0.20 |
274.3 |
Discovery Zone |
Resource Upgrade |
and |
103.6 |
121.9 |
18.3 |
0.76 |
including |
109.7 |
112.8 |
3.0 |
1.36 |
1.00 |
and |
132.6 |
147.8 |
15.2 |
0.20 |
0.15 |
and |
242.3 |
254.5 |
12.2 |
0.62 |
0.15 |
including |
245.4 |
254.5 |
9.1 |
0.77 |
0.20 |
and including |
249.9 |
254.5 |
4.5 |
1.17 |
1.00 |
and |
262.1 |
274.3 |
12.2 |
0.38 |
0.15 |
including |
262.1 |
272.8 |
10.7 |
0.41 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP475 (190, -68) |
64.0 |
89.9 |
25.9 |
0.23 |
0.15 |
257.6 |
Discovery Zone |
Resource Upgrade |
and |
93.0 |
109.7 |
16.8 |
0.27 |
0.15 |
and |
123.4 |
144.8 |
21.3 |
0.28 |
0.15 |
and |
239.3 |
253.0 |
13.7 |
0.41 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP479 (10, -45) |
1.5 |
13.7 |
12.2 |
0.32 |
0.20 |
105.2 |
Discovery Zone |
Resource Upgrade |
and |
19.8 |
32.0 |
12.2 |
0.31 |
and |
36.6 |
73.2 |
36.6 |
0.46 |
0.15 |
and |
80.8 |
94.5 |
13.7 |
0.20 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP483 (15, -75) |
137.2 |
146.3 |
9.1 |
0.63 |
0.20 |
336.8 |
Discovery Zone |
Resource Upgrade |
including |
140.1 |
143.3 |
3.0 |
1.05 |
1.00 |
and |
199.6 |
210.3 |
10.7 |
0.98 |
0.15 |
including |
199.6 |
208.8 |
9.1 |
1.12 |
0.20 |
and including |
201.2 |
204.2 |
3.0 |
2.21 |
1.00 |
and |
227.1 |
233.2 |
6.1 |
1.16 |
0.20 |
and |
240.8 |
245.4 |
4.6 |
0.66 |
0.20 |
and |
254.5 |
286.5 |
32.0 |
0.59 |
0.15 |
and including |
281.9 |
283.5 |
1.5 |
1.49 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP488 (350, -45) |
65.5 |
77.7 |
12.2 |
1.28 |
0.15 |
202.7 |
Discovery Zone |
Resource Upgrade |
including |
65.5 |
70.1 |
4.6 |
3.12 |
1.00 |
and including |
67.1 |
68.6 |
1.5 |
6.40 |
5.00 |
and |
185.9 |
202.7 |
16.8 |
0.20 |
0.15 |
|
|
|
|
|
|
|
|
|
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 thicknesses are reported herein; true
width varies depending on drill hole dip, but generally ranges from
60% to 80% of true thickness. Gold grades are reported uncapped.
For a full table of results for this release, please see the link
above.
DISCOVERY ZONE STEP-OUT HIGHLIGHTS
-
Step-out holes were drilled between the E Zone and Discovery Zone;
to the southwest of the Discovery Zone in the F Zone; and in the
southern extension of the Discovery Zone into the historic Tallman
Pit area. The purpose of these holes was to expand known
mineralized centres and ascertain if they will all coalesce in the
future into a single, continuous mineralized zone.
-
Shallow gold mineralization was encountered in the area between the
Discovery Zone and E Pit, a distance of over 300 m, potentially
linking these areas into a larger pit.
-
The F Zone is defined by shallow gold oxide intercepts in widely
spaced drilling, resulting in several small resource pits. The
current drilling reinforces the likely continuity of this zone,
with more drilling planned in the near future.
-
Further drilling in the vicinity of the historic Tallman Pit
continues to add to the gold endowment in that area.
-
Step-out drilling around the Discovery Zone in three directions
will be ongoing in 2022 and shows encouraging indications that
several smaller resource pits (E Zone, F Zone, etc.) may eventually
merge with the Discovery Zone to form a single, larger pit
inclusive of more gold mineralization
DISCOVERY ZONE STEP-OUT
HIGHLIGHT TABLE1
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
Cut-offAu(g/t) |
HoleLength(m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
LBP467 (135, -50) |
9.1 |
59.4 |
50.3 |
0.31 |
0.15 |
196.6 |
E-Discovery Connector |
Step-Out |
and |
152.4 |
160.0 |
7.6 |
1.02 |
0.20 |
including |
157.0 |
158.5 |
1.5 |
2.24 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP509 (25, -45) |
3.1 |
36.6 |
33.5 |
0.44 |
0.15 |
105.2 |
F Zone |
Step-Out |
including |
22.9 |
36.6 |
13.7 |
0.71 |
0.20 |
and |
57.9 |
79.3 |
21.3 |
0.2 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP495 (140, -45) |
117.4 |
140.2 |
22.9 |
0.48 |
0.20 |
214.9 |
Tallman - D1 Southeast |
Step-Out |
and |
150.88 |
173.74 |
22.9 |
0.31 |
0.15 |
including |
150.9 |
164.6 |
13.7 |
0.40 |
0.20 |
|
|
|
|
|
|
|
|
|
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 thicknesses are reported herein; true
width varies depending on drill hole dip, but generally ranges from
60% to 80% of true thickness. Gold grades are reported uncapped.
For a full table of results for this release, please see the link
above.
2022 WORK PROGRAM
The 2022 exploration program at Black Pine
commenced in January, with three RC and one core rig active.
Drilling through to the end of February focused on the
lower-elevation RFA and M Zone with the goal to continue resource
expansion and confirmation, with the core drill focused on
metallurgical testing. On March 1, two drills were moved to
Goldstrike to commence engineering, resource upgrade and
metallurgical drilling, while two drills remain at Black Pine to
focus on step-out drilling and new target testing.
Liberty Gold plans to aggressively advance Black
Pine in 2022 with drilling, initial engineering and permitting
programs and further de-risking activities, with the goal to
provide an updated resource estimate and Preliminary Economic
Assessment in the second half of 2022, subject to exploration
success.
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’ 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, with an average head
grade of 0.63 g/t Au.
A mineral 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, 2021, with the resource technical report filed
on SEDAR on August 19, 2021, and available on the Liberty Gold
website.
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 cut-offs
of 0.15 g/t Au, 0.20 g/t Au, 1.0 g/t Au and 5.0 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 0.10 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, the availability of drill rigs, the timing of the
publication of any updated resources, preliminary economic
assessments or pre-feasibility studies, 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; 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); the timing of the publication of any
updated resources, any preliminary economic assessments or
pre-feasibility studies, successful, 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 25, 2022 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.
Cautionary Note for United States Investors
The terms “mineral resource”, “measured mineral
resource”, “indicated mineral resource” and “inferred mineral
resource”, are Canadian mining terms as defined in, and required to
be disclosed in accordance with, National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”), which
references the guidelines set out in the Canadian Institute of
Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition
Standards on Mineral Resources and Mineral Reserves (“CIM
Definition Standards”), adopted by the CIM Council, as amended.
However, these terms are not defined terms under SEC Industry Guide
7 (“SEC Industry Guide 7”) under the United States Securities Act
of 1933, as amended, and normally are not permitted to be used in
reports and registration statements filed with United States
Securities and Exchange Commission (the “SEC”). The SEC has adopted
amendments to its disclosure rules to modernize the mineral
property disclosure requirements for issuers whose securities are
registered with the SEC under the United States Securities Exchange
Act of 1934, as amended. These amendments became effective February
25, 2019 (the “SEC Modernization Rules”) with compliance required
for the first fiscal year beginning on or after January 1, 2021.
The SEC Modernization Rules replace the historical disclosure
requirements for mining registrants that were included in SEC
Industry Guide 7. The Company does not file reports with the SEC
and is not required to provide disclosure on its mineral properties
under the SEC Modernization Rules and will continue to provide
disclosure under NI 43-101 and the CIM Definition Standards.
Liberty Gold (TSX:LGD)
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