Liberty Gold Corp. (TSX:LGD; OTCQX: LGDTF) (“Liberty Gold” or the
“Company”) is pleased to report results from 14 large-diameter
(“PQ”) core holes at its Black Pine Oxide Gold Project in
southeastern Idaho; one core hole, LBP511CA, with an exceptional
intercept of 100.4 metres (“m”) grading 1.38 grams per tonne gold
(“g/t Au”) was released previously. PQ holes were drilled
throughout the target areas of Discovery, E, M, J, F, CD and
Rangefront zones with core samples and technical information from
these holes being used for further metallurgical testing,
geotechnical studies, and geological modeling.
Reverse Circulation (“RC”) drilling is being
carried out across these target areas in 2022 to facilitate
discovery of near-surface mineralization and consolidation of zones
into larger, continuous deposit areas. Liberty Gold is also pleased
to report results from a series of RC holes testing historic waste
rock storage and pit backfill areas, with gold mineralization
identified in all areas.
Cal Everett, President and CEO for
Liberty Gold said, “The 2022 exploration program is
accelerating at Black Pine, with activity spread throughout the
property and an additional RC drill was recently added to the
project. The core drilling program was used to help design our
exploration drilling this year and has already been a valuable tool
in predicting the location of areas of higher-grade mineralization.
Our present focus is on discovery of near-surface mineralization
that will impact the early phases of a future mining
operation.”
KEY POINTS
- Results from 14
PQ core holes for geometallurgical and geotechnical purposes met or
exceeded expectations in all areas, including the Discovery,
Rangefront, F, M, E, CD and J zones.
- Highlights
include:
- 3.98 g/t Au
over 25.3 m including 8.55 g/t Au over 9.6 m in LBP 499C in North
Tallman
- 4.80 g/t Au over 21.2 m including
11.0 g/t Au over 7.5 m in LBP508C in F Zone
- 1.09 g/t Au over 29.1 m in LBP530C
in M Zone
- Composites from
four core holes in the Rangefront Zone were shipped to Kappes
Cassiday and Associates in Reno, Nevada for metallurgical column
testing. Additional column testing is planned for later in the
year.
- RC
drilling in historic waste rock storage and pit backfill areas
throughout the property reported gold above the reporting cut-off
in all areas, suggesting that much of the surficial material
presently classified as unmineralized waste rock may be
reclassified as mineralized material in a future resource estimate.
Results of metallurgical testing of material of this grade range
and type are pending; further testing is planned for later in the
year.
- RC drilling is
presently focused on discovery of additional near-surface oxide
mineralization, including targets in the F, M and Back Range zones,
as well as expansion of the Rangefront Zone to the north.
- An access road is
being constructed into the new South Rangefront target area to
allow drilling to commence in this key target area in Q3.
RESULTS FROM LARGE DIAMETER CORE DRILLING
PROGRAM
A total of 14 PQ core holes were drilled in
support of geometallurgical and geotechnical programs. One hole in
the Rangefront Zone (LBP511CA) was released previously on May 25,
2022. Results are in-line with expectations or in some cases
exceeded them and provide valuable insights in the structural and
stratigraphic controls on mineralization.
For a map showing locations of drill holes in this release click
here:
https://libertygold.ca/images/news/2022/August/BlackPineCorePRmap.pdf
For a table showing complete drill results from the holes in
this release, click here:
https://libertygold.ca/images/news/2022/August/BlackPineCurrentResults.pdf
TABLE 1: HIGHLIGHTS OF METALLURGICAL CORE
DRILLING1
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Au Cut-Off |
Hole Length (m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP429CA (80, -60) |
31.7 |
46.0 |
14.4 |
0.20 |
0.15 |
280.7 |
Discovery Zone |
Geotechnical Core hole |
|
|
|
and |
87.2 |
99.6 |
12.4 |
0.39 |
|
|
|
and |
126.5 |
149.8 |
23.3 |
0.33 |
|
|
|
including |
128.3 |
141.9 |
13.6 |
0.45 |
0.20 |
|
|
|
and including |
132.4 |
133.4 |
1.0 |
1.35 |
1.00 |
|
|
|
and |
151.6 |
160.3 |
8.7 |
0.45 |
0.15 |
|
|
|
and |
203.9 |
223.6 |
19.7 |
0.31 |
|
|
|
and |
226.8 |
241.1 |
14.3 |
0.28 |
|
|
|
and |
248.7 |
259.5 |
10.8 |
1.39 |
|
|
|
including |
253.3 |
256.3 |
3.0 |
3.93 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP456C (260, -70) |
7.0 |
19.8 |
12.8 |
0.33 |
0.20 |
352.5 |
Discovery Zone |
Geotechnical and Metallurgical Core |
|
|
|
and |
28.7 |
47.3 |
18.7 |
0.25 |
0.15 |
|
|
|
and |
75.0 |
84.1 |
9.1 |
0.79 |
|
|
|
including |
75.0 |
82.3 |
7.3 |
0.93 |
0.20 |
|
|
|
and including |
78.0 |
79.6 |
1.5 |
1.89 |
1.00 |
|
|
|
and |
89.6 |
103.8 |
14.2 |
0.31 |
0.15 |
|
|
|
including |
89.6 |
102.4 |
12.8 |
0.32 |
0.20 |
|
|
|
and |
159.4 |
166.6 |
7.2 |
0.44 |
0.15 |
|
|
|
and |
236.5 |
262.7 |
26.2 |
0.71 |
|
|
|
including |
238.0 |
242.6 |
4.6 |
1.76 |
1.00 |
|
|
|
including |
250.5 |
251.8 |
1.2 |
3.82 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP485C (340, -45) |
56.4 |
80.8 |
24.4 |
0.24 |
0.15 |
170.7 |
E Zone |
Metallurgical Core |
|
|
|
and |
103.3 |
116.3 |
13.0 |
0.26 |
0.15 |
|
|
|
and |
136.3 |
166.1 |
29.9 |
0.22 |
0.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP489C (250, -80) |
23.5 |
35.5 |
12.0 |
0.27 |
0.15 |
196.0 |
CD Extention |
Geotechnical Core |
|
|
|
and |
125.9 |
137.9 |
12.0 |
0.38 |
0.15 |
|
|
|
including |
131.2 |
137.9 |
6.7 |
0.53 |
0.20 |
|
|
|
and including |
136.2 |
137.9 |
1.7 |
1.21 |
1.00 |
|
|
|
and |
160.5 |
173.7 |
13.3 |
0.46 |
0.20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP499C (122, -58) |
53.3 |
71.6 |
18.3 |
0.48 |
0.20 |
233.9 |
North Tallman |
Metallurgical Core |
|
|
|
including |
54.4 |
55.8 |
1.4 |
1.25 |
1.00 |
|
|
|
including |
57.3 |
58.2 |
0.9 |
1.77 |
|
|
|
and |
82.0 |
96.0 |
14.0 |
0.24 |
0.20 |
|
|
|
and |
181.4 |
206.7 |
25.3 |
3.98 |
0.20 |
|
|
|
including |
181.4 |
197.1 |
15.7 |
5.99 |
1.00 |
|
|
|
and including |
182.9 |
192.5 |
9.6 |
8.55 |
5.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP508C (70, -60) |
1.8 |
29.6 |
27.7 |
0.30 |
0.15 |
98.0 |
F Zone |
Metallurgical Core |
|
|
|
including |
5.0 |
28.0 |
23.0 |
0.32 |
0.20 |
|
|
|
and |
44.8 |
66.0 |
21.2 |
4.80 |
|
|
|
including |
49.4 |
64.6 |
15.2 |
6.53 |
1.00 |
|
|
|
and including |
52.4 |
59.9 |
7.5 |
11.0 |
5.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP511CA (17, -62)* |
245.2 |
263.8 |
18.6 |
0.24 |
0.15 |
428.2 |
Rangefront D-4 |
Metallurgical Core |
|
|
|
and |
274.3 |
374.7 |
100.4 |
1.38 |
0.15 |
|
|
|
including |
274.3 |
368.8 |
94.5 |
1.45 |
0.20 |
|
|
|
and including |
275.8 |
288.0 |
12.2 |
2.84 |
1.00 |
|
|
|
and including |
284.6 |
286.5 |
1.9 |
6.60 |
5.00 |
|
|
|
and including |
298.0 |
309.4 |
11.4 |
1.71 |
1.00 |
|
|
|
and including |
316.5 |
319.0 |
2.5 |
2.90 |
|
|
|
and including |
347.0 |
357.6 |
10.6 |
3.80 |
|
|
|
and including |
349.0 |
353.6 |
4.6 |
6.87 |
5.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP516CA (240, -45) |
7.3 |
26.6 |
19.4 |
0.29 |
0.15 |
131.4 |
CD Pit North |
Metallurgical Core |
|
|
|
and |
47.5 |
82.6 |
35.1 |
0.43 |
0.15 |
|
|
|
including |
60.7 |
74.4 |
13.7 |
0.73 |
0.20 |
|
|
|
and including |
67.8 |
71.0 |
3.2 |
1.45 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP525C (30, -45) |
32.8 |
45.6 |
12.8 |
0.38 |
0.20 |
135.9 |
I Pit |
Metallurgical Core |
|
|
|
and |
50.6 |
91.9 |
41.3 |
0.47 |
0.15 |
|
|
|
including |
50.6 |
71.2 |
20.6 |
0.53 |
0.20 |
|
|
|
and including |
50.6 |
53.3 |
2.7 |
1.74 |
1.00 |
|
|
|
including |
75.0 |
89.3 |
14.3 |
0.52 |
0.20 |
|
|
|
and including |
83.5 |
84.7 |
1.2 |
1.88 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP530C (220, -50) |
30.1 |
33.8 |
3.8 |
0.69 |
0.20 |
143.6 |
M Zone |
Metallurgical Core |
|
|
|
including |
30.1 |
31.6 |
1.5 |
1.14 |
1.00 |
|
|
|
and |
79.4 |
108.5 |
29.1 |
1.09 |
0.20 |
|
|
|
including |
79.4 |
82.6 |
3.2 |
3.31 |
1.00 |
|
|
|
including |
90.8 |
95.6 |
4.7 |
2.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP533C (120, -63) |
41.8 |
75.1 |
33.4 |
0.27 |
0.15 |
132.9 |
Rangefront |
Metallurgical Core |
|
|
|
and |
90.9 |
115.4 |
24.4 |
0.55 |
0.15 |
|
|
|
including |
90.9 |
110.2 |
19.3 |
0.64 |
0.20 |
|
|
|
and including |
90.9 |
93.6 |
2.7 |
2.25 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP541C (0, -70) |
17.4 |
36.7 |
19.4 |
0.34 |
0.20 |
349.6 |
Rangefront |
Metallurgical Core |
|
|
|
and |
110.3 |
137.9 |
27.5 |
0.21 |
0.15 |
|
|
|
and |
210.9 |
219.0 |
8.1 |
0.54 |
|
|
|
including |
210.9 |
216.0 |
5.0 |
0.77 |
0.20 |
|
|
|
and |
229.1 |
241.8 |
12.8 |
0.21 |
0.15 |
|
|
|
and |
293.2 |
318.4 |
25.2 |
0.36 |
|
|
|
including |
293.2 |
312.0 |
18.7 |
0.42 |
0.20 |
|
|
|
and including |
296.4 |
297.6 |
1.2 |
1.34 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP556C (0, -70) |
146.3 |
161.5 |
15.2 |
0.22 |
0.15 |
359.7 |
Rangefront North |
Metallurgical Hole 0 - 170 m RC Precollar 170 - 359.7 m
Core |
|
|
|
and |
191.0 |
205.3 |
14.3 |
0.27 |
0.20 |
|
|
|
and |
216.6 |
247.5 |
30.9 |
0.53 |
0.15 |
|
|
|
including |
234.7 |
247.5 |
12.8 |
0.93 |
0.20 |
|
|
|
and including |
239.7 |
243.1 |
3.4 |
1.22 |
1.00 |
|
|
|
and |
296.1 |
312.1 |
15.9 |
0.51 |
0.15 |
|
|
|
including |
296.1 |
305.4 |
9.3 |
0.74 |
0.20 |
|
|
|
and including |
301.4 |
303.2 |
1.8 |
1.66 |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Downhole thickness are reported herein; true
width varies depending on drill hole dip, but generally ranges from
60% to 90% of true thickness. Gold grades are reported uncapped.
For a full table of results for this release, please see the link
above.*Previously reported on May 25, 2022
RESULTS FROM RC DRILLING OF SURFICIAL
MATERIALS
Thirty-three RC holes were drilled to test for
mineralization in and under waste rock storage and pit backfill in
the Tallman, CD-I and B pits, and the large waste rock stores
between Tallman and CD pit and in the A Basin area north of the
Discovery Zone. Drilling was encouraging in that it encountered
significant areas above reporting cut-off grade mineralization and
with most intervals exhibiting moderate to strong cyanide
solubility. A notable exception is a portion of the old Tallman Pit
backfill which returned high grades with poor cyanide solubility
due to the presence of organic carbon. In particular, the A Basin
waste rock storage area returned over 35 m of above reporting
cut-off grade material in two holes. The results of this program
suggest that much of the surficial “waste” material that presently
lies within the resource pit may be reclassified as mineralized
material in a future resource estimate.
TABLE 2: HIGHLIGHTS OF WASTE DUMP AND BACKFILL
DRILLING1
|
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Au Cut-Off |
Hole Length (m) |
Target |
Comments |
g/t x m |
AuCN/AuFA% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP587 (0, -90) |
0.0 |
9.1 |
9.1 |
0.15 |
0.15 |
153.9 |
CD Backfill |
Backfill |
10.2 |
39 |
% |
|
and |
86.9 |
109.7 |
22.9 |
0.33 |
Bedrock |
70 |
% |
|
including |
86.9 |
103.6 |
16.8 |
0.39 |
0.20 |
76 |
% |
|
and including |
100.6 |
102.1 |
1.5 |
1.41 |
1.00 |
86 |
% |
|
and |
131.1 |
134.1 |
3.0 |
0.39 |
0.20 |
69 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP589 (0, -90) |
16.8 |
93.0 |
76.2 |
1.11 |
0.15 |
129.5 |
Tallman Backfill |
Backfill material is carbonaceous with low
AuCN |
84.4 |
26 |
% |
|
including |
16.8 |
38.1 |
21.3 |
0.83 |
0.20 |
8 |
% |
|
and including |
21.3 |
24.4 |
3.0 |
3.10 |
1.00 |
0 |
% |
|
including |
39.6 |
53.3 |
13.7 |
1.99 |
0.20 |
10 |
% |
|
and including |
41.1 |
47.2 |
6.1 |
3.64 |
1.00 |
10 |
% |
|
and including |
41.1 |
44.2 |
3.0 |
5.32 |
5.00 |
8 |
% |
|
including |
59.4 |
93.0 |
33.5 |
1.14 |
0.20 |
46 |
% |
|
and including |
64.0 |
67.1 |
3.0 |
3.18 |
1.00 |
7 |
% |
|
and including |
82.3 |
89.9 |
7.6 |
2.44 |
Bedrock |
81 |
% |
|
and including |
86.9 |
88.4 |
1.5 |
5.64 |
5.00 |
87 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP594 (0, -90) |
1.5 |
18.3 |
16.8 |
0.20 |
0.15 |
153.9 |
CD Backfill |
Backfill |
10.0 |
35 |
% |
|
including |
1.5 |
7.6 |
6.1 |
0.25 |
0.20 |
43 |
% |
|
and |
79.2 |
96.0 |
16.8 |
0.40 |
0.15 |
Bedrock |
68 |
% |
|
including |
82.3 |
94.5 |
12.2 |
0.49 |
0.20 |
70 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP596 (0, -90) |
0.0 |
7.6 |
7.6 |
0.34 |
0.15 |
129.5 |
CD Backfill |
Backfill |
5.8 |
42 |
% |
|
including |
0.0 |
4.6 |
4.6 |
0.46 |
0.20 |
48 |
% |
|
and |
41.1 |
48.8 |
7.6 |
0.24 |
0.15 |
Bedrock |
82 |
% |
|
including |
41.1 |
44.2 |
3.0 |
0.35 |
0.20 |
87 |
% |
|
and |
57.9 |
64.0 |
6.1 |
0.23 |
0.15 |
77 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP601 (0, -90) |
3.0 |
16.8 |
13.7 |
0.24 |
0.15 |
207.3 |
Tallman Backfill |
Backfill |
3.3 |
39 |
% |
|
including |
7.6 |
16.8 |
9.1 |
0.27 |
0.20 |
31 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP603 (0, -90) |
1.5 |
16.8 |
15.2 |
0.24 |
0.15 |
50.3 |
Valley Dam Backfill |
Backfill |
3.7 |
38 |
% |
|
including |
1.5 |
13.7 |
12.2 |
0.27 |
0.20 |
42 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP604 (60, -60) |
1.5 |
25.9 |
24.4 |
0.21 |
0.15 |
213.4 |
Tallman Backfill |
Backfill |
5.1 |
40 |
% |
|
including |
12.2 |
21.3 |
9.1 |
0.27 |
0.20 |
32 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP607 (240, -60) |
6.1 |
33.5 |
27.4 |
0.30 |
0.15 |
152.4 |
Tallman Backfill |
Backfill |
8.2 |
37 |
% |
|
including |
7.6 |
15.2 |
7.6 |
0.38 |
0.20 |
26 |
% |
|
including |
21.3 |
33.5 |
12.2 |
0.33 |
49 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP608 (270, -90) |
4.6 |
10.7 |
6.1 |
0.27 |
0.15 |
91.4 |
CD Backfill |
Backfill |
1.7 |
72 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP610 (0, -90) |
6.1 |
21.3 |
15.2 |
0.24 |
0.15 |
184.4 |
Tallman Backfill |
Backfill |
3.7 |
65 |
% |
|
including |
10.7 |
21.3 |
10.7 |
0.26 |
0.20 |
69 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP611 (330, -45) |
3.0 |
10.7 |
7.6 |
0.27 |
0.15 |
99.1 |
CD Backfill |
Backfill |
2.1 |
86 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP615 (220, -60) |
118.9 |
129.5 |
10.7 |
0.34 |
0.15 |
166.1 |
Long Lower Dump |
Bedrock |
3.6 |
86 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP617 (270, -55) |
1.5 |
15.2 |
13.7 |
0.18 |
0.15 |
178.3 |
Long Lower Dump |
Backfill |
2.4 |
65 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP618 (210, -45) |
35.1 |
42.7 |
7.6 |
0.28 |
0.20 |
135.6 |
CD Backfill |
Backfill |
2.1 |
96 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP620 (0, -90) |
9.1 |
36.6 |
27.4 |
0.20 |
0.15 |
135.6 |
CD/Tallman Dump |
Backfill |
5.6 |
68 |
% |
|
including |
25.9 |
30.5 |
4.6 |
0.27 |
|
79 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP624 (0, -90) |
19.8 |
27.4 |
7.6 |
0.26 |
0.20 |
158.5 |
CD/Tallman Dump |
Backfill |
2.0 |
46 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP659 (0, -90) |
0.0 |
32.0 |
32.0 |
0.28 |
0.15 |
153.9 |
A Basin Waste Dump |
Backfill |
14.4 |
48 |
% |
|
including |
22.9 |
32.0 |
9.1 |
0.31 |
0.20 |
46 |
% |
|
and |
79.2 |
86.9 |
7.6 |
0.15 |
0.15 |
Bedrock |
57 |
% |
|
and |
88.4 |
100.6 |
12.2 |
0.35 |
76 |
% |
|
including |
88.4 |
99.1 |
10.7 |
0.38 |
0.20 |
77 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
LBP661 (220, -85) |
0.0 |
38.1 |
38.1 |
0.26 |
0.15 |
56.4 |
A Basin Waste Dump |
Backfill |
10.0 |
68 |
% |
|
including |
0.0 |
15.2 |
15.2 |
0.30 |
0.20 |
56 |
% |
|
including |
16.8 |
32.0 |
15.2 |
0.28 |
79 |
% |
1Downhole thickness are reported herein; true width varies
depending on drill hole dip, but generally ranges from 60% to 90%
of true thickness. Gold grades are reported uncapped. Au (g/t) =
grams per tonne of gold. “AuCN/AuFA” is the ratio of cyanide
soluble gold (recovered using the method described in the Quality
Assurance – Quality Control section below) to gold by fire assay,
expressed as percent. For a full table of results for this release,
please see the link above.
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 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 PERSONMoira 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 GOLDLiberty Gold
is focused on exploring for and developing open pit oxide deposits
in 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, 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.
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