Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the
“Company”) is pleased to report new exploration drill results from
its Black Pine oxide gold project in southeastern Idaho, together
with a summary of 2022 activities. These results form part of a 324
hole, 67,000 metre (“m”) 2022 reverse circulation (“RC”) and core
drilling program at Black Pine to upgrade and expand the current
mineral resource and discover new oxide gold mineralization.
Project de-risking activities have progressed in parallel with
resource delineation drilling at Black Pine, with the objective of
front-end loading technical work in advance of the mine permitting
phase.
New Drilling Highlights:
- Extended shallow mineralization
along the southern edge of the Discovery Zone:
- 0.60 grams per
tonne gold (“g/t Au”) over 80.8 m from 24.4 m to 105.2 m, including
1.47 g/t Au over 13.7 m in LBP750
- Completed resource
delineation drilling in the F Zone:
- 0.47 g/t Au over
47.2 m from 9.1 m to 56.4 m in LBP744
- Further defined
oxide gold mineralization in the A Basin surficial waste rock
storage area:
- 0.30 g/t Au over
33.5 m from 1.5 m to 35.1 m in LBP675
- Discovered a new,
shallow zone of oxide gold mineralization in the Bobcat target:
- 0.64 g/t Au over
19.8 m from surface in LBP761
- Drilled the South
Rangefront target located approximately 500 m south of the southern
edge of the Rangefront Zone:
- 0.57 g/t Au over
51.8 m in LBP708
2022 De-risking Activities:
- Expansion of
mineralization in the F, E, M, CD and Rangefront zones (see press
releases dated November 8 and November 15, 2022) including areas of
shallow higher-grade mineralization that may serve to consolidate
smaller pits into fewer, larger ones and change the grade profile
of the early years of mining.
- Acquisition of
strategic Idaho State (Section 36) and private mineral rights which
have the potential to provide access for future mine infrastructure
development (see press release dated February 10, 2022).
- Drilled 14
large-diameter (“PQ”) metallurgical core holes, generating
composites from throughout the property for column testing; results
expected over the second half of 2023 (see press release dated
August 2, 2022).
- Permitted a new
Plan of Operations with the Bureau of Land Management (“BLM”) to
explore areas to the east of the current Black Pine deposit
footprint (see press release dated September 12, 2022).
- Submitted a
modification to the existing United States Forest Service (“USFS”)
Plan of Operations to expand the footprint of the Black Pine gold
system (see press release dated November 28, 2022).
- Acquired new
water rights out of the Black Pine Mine bankruptcy, sufficient to
sustain a large, open-pit heap leach mining operation (see press
release dated November 28, 2022).
Jason Attew, President and CEO of
Liberty Gold commented, “By any measure, the 2022
exploration and development programs at Black Pine were a
resounding success. Not only have we encountered oxide gold in
virtually every hole we have received assay results for this year,
but we have increased substantively the footprint of the Black Pine
gold system, expanded areas of near-surface, higher-grade
mineralization, and discovered new oxide gold mineralization in at
least two peripheral targets. We have materially de-risked the
project by securing process water, acquiring private and state
mineral rights, which would allow us to site future mine
infrastructure and have secured Federal permits for expanded
exploration drilling in the coming year. We look
forward to continued success in the new year with the release of
assay result from an estimated 80 pending holes to close out the
2022 drilling campaign, an updated resource estimate and further
growth and advancement of the project.”
For a map and cross sections showing locations
of drill holes in this release click
here:https://libertygold.ca/images/news/2022/December/BlackPine12132022Map_Sections.pdf
For a table showing complete drill results for
all Liberty Gold drilling to date at Black Pine, click
here:https://libertygold.ca/images/news/2022/December/BlackPine12132022AllDrillResults.pdf
Drilling at Black Pine was completed for the
season on December 13, 2022. Current drill results are summarized
below per mineralized zone:
DISCOVERY SOUTH RESOURCE UPGRADE
DRILLING
Two holes tested an area of sparse historic
drilling near the edge of the backfilled original Tallman Pit, the
site of the first open pit mining at Black Pine in the 1950’s.
Results from these holes were better than expected, with above
averaged grades and cyanide solubility at shallow depth.
DISCOVERY SOUTH HIGHLIGHT
TABLE*
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
AuCut-Off |
HoleLength(m) |
Target |
Comments |
LBP750 (300, -90) |
24.4 |
105.2 |
80.8 |
0.60 |
0.15 |
105.2 |
Discovery South(Tallman Area) |
Resource Expansion |
including |
24.4 |
83.8 |
59.4 |
0.67 |
0.20 |
and including |
30.5 |
44.2 |
13.7 |
1.47 |
1.00 |
and including |
100.6 |
102.1 |
1.5 |
1.59 |
1.00 |
LBP754 (300, -50) |
33.5 |
39.6 |
6.1 |
0.24 |
0.15 |
147.8 |
Discovery South(Tallman Area) |
Resource Expansion |
and |
80.8 |
111.3 |
30.5 |
0.50 |
|
including |
89.9 |
91.4 |
1.5 |
1.05 |
1.00 |
including |
94.5 |
96.0 |
1.5 |
1.69 |
*Please refer to the full table at the link
above for complete results. Results are reported as drilled
thicknesses, with true thicknesses approximately 50 to 90% of
drilled thickness. Gold grades are uncapped. Au (g/t) = grams per
tonne of gold.
BOBCAT SHALLOW OXIDE GOLD
DISCOVERY
An area approximately 500 m south of the CD
historic pit with limited shallow historic drilling was explored by
Liberty Gold with 14 drill holes. An area measuring approximately
400 m x 200 m was identified for follow-up drilling with an
additional 13 shallow holes, resulting in identification of an area
of shallow gold mineralization. The zone is still open for
expansion in several directions, with additional drilling planned
for 2023.
BOBCAT ZONE HIGHLIGHT
TABLE*
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
AuCut-Off |
HoleLength(m) |
Target |
Comments |
LBP635 (0, -45) |
62.5 |
74.7 |
12.2 |
0.31 |
0.15 |
269.7 |
Bobcat |
Reconnaissance |
including |
62.5 |
70.1 |
7.6 |
0.41 |
0.20 |
and |
88.4 |
103.6 |
15.2 |
0.29 |
0.15 |
including |
99.1 |
103.6 |
4.6 |
0.47 |
0.20 |
and |
109.7 |
118.9 |
9.1 |
0.64 |
0.15 |
including |
109.7 |
117.3 |
7.6 |
0.73 |
0.20 |
and including |
112.8 |
114.3 |
1.5 |
1.06 |
1.00 |
LBP643 (40, -55) |
155.4 |
166.1 |
10.7 |
0.62 |
0.20 |
281.9 |
Bobcat |
Reconnaissance |
LBP648 (90, -50) |
41.1 |
42.7 |
1.5 |
2.22 |
1.00 |
342.9 |
Bobcat |
Reconnaissance |
and |
83.8 |
85.3 |
1.5 |
2.20 |
LBP653 (45, -45) |
140.2 |
164.6 |
24.4 |
0.37 |
0.15 |
214.9 |
Bobcat |
Reconnaissance |
including |
140.2 |
150.9 |
10.7 |
0.54 |
0.20 |
and including |
144.8 |
146.3 |
1.5 |
1.17 |
1.00 |
including |
155.4 |
163.1 |
7.6 |
0.28 |
0.20 |
LBP655 (45, -45) |
22.9 |
30.5 |
7.6 |
0.66 |
0.20 |
227.1 |
Bobcat |
Reconnaissance |
and |
61.0 |
85.3 |
24.4 |
0.26 |
0.15 |
including |
61.0 |
67.1 |
6.1 |
0.42 |
0.20 |
LBP681 (135, -45) |
12.2 |
18.3 |
6.1 |
0.64 |
0.15 |
153.9 |
Bobcat |
Reconnaissance |
including |
13.7 |
16.8 |
3.0 |
1.11 |
0.20 |
and including |
13.7 |
15.2 |
1.5 |
1.77 |
1.00 |
LBP760 (0, -90) |
3.0 |
12.2 |
9.1 |
0.24 |
0.20 |
50.3 |
Bobcat |
Resource Definition |
and |
27.4 |
44.2 |
16.8 |
0.26 |
0.15 |
including |
27.4 |
42.7 |
15.2 |
0.27 |
0.20 |
LBP761 (0, -90) |
0.0 |
19.8 |
19.8 |
0.64 |
0.15 |
50.3 |
Bobcat |
Resource Definition |
and |
33.5 |
44.2 |
10.7 |
0.26 |
0.15 |
including |
33.5 |
39.6 |
6.1 |
0.33 |
0.20 |
LBP764 (35, -45) |
88.4 |
94.5 |
6.1 |
1.29 |
0.20 |
152.4 |
Bobcat |
Resource Definition |
including |
89.9 |
93.0 |
3.0 |
2.07 |
1.00 |
*Please refer to the full table at the link
above for complete results. Results are reported as drilled
thicknesses, with true thicknesses approximately 50 to 90% of
drilled thickness. Gold grades are uncapped. Au (g/t) = grams per
tonne of gold.
F ZONE
Drilling in the F Zone for resource expansion
was completed with the addition of five holes in the northern
portion of the zone to close a gap between the F and Discovery
zones and one in the main F Zone area for infill. The drilling
identified shallow surface oxide mineralization in the gap.
F ZONE HIGHLIGHT TABLE*
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
AuCut-Off |
HoleLength(m) |
Target |
Comments |
LBP725 (280, -45) |
73.2 |
80.8 |
7.6 |
0.39 |
0.15 |
153.9 |
F Zone North |
Resource Expansion |
including |
74.7 |
80.8 |
6.1 |
0.45 |
0.20 |
and |
89.9 |
103.6 |
13.7 |
1.23 |
including |
93.0 |
102.1 |
9.1 |
1.44 |
1.00 |
LBP732 (245, -45) |
0.0 |
35.1 |
35.1 |
0.37 |
0.20 |
123.4 |
F Zone North |
Resource Expansion |
and |
54.9 |
65.5 |
10.7 |
0.37 |
0.15 |
including |
56.4 |
65.5 |
9.1 |
0.40 |
0.20 |
LBP744 (190, -45) |
9.1 |
56.4 |
47.2 |
0.47 |
0.15 |
147.8 |
F Zone |
Resource Expansion |
including |
9.1 |
45.7 |
36.6 |
0.53 |
0.20 |
and including |
12.2 |
16.8 |
4.6 |
1.68 |
1.00 |
*Please refer to the full table at the link
above for complete results. Results are reported as drilled
thicknesses, with true thicknesses approximately 50 to 90% of
drilled thickness. Gold grades are uncapped. Au (g/t) = grams per
tonne of gold.
A BASIN WASTE ROCK STORAGE AREA
The A Basin waste rock storage area was targeted for further
drilling following the identification of oxide gold mineralized
surficial material in previous drilling. Drill holes continued to
intersect shallow gold mineralization in the waste rock storage
area in excess of the expected resource cut-off grade, as well as
in bedrock immediately underlying the waste rock storage.
A BASIN HIGHLIGHT TABLE*
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
AuCut-Off |
HoleLength(m) |
Target |
Comments |
LBP664 (0, -90) |
0.0 |
10.7 |
10.7 |
0.32 |
0.15 |
202.7 |
A Basin Waste Rock Storage |
Waste Rock |
including |
0.0 |
7.6 |
7.6 |
0.37 |
0.20 |
and |
73.2 |
96.0 |
22.9 |
0.87 |
Bedrock |
including |
83.8 |
89.9 |
6.1 |
1.11 |
1.00 |
including |
93.0 |
96.0 |
3.0 |
1.88 |
1.00 |
LBP669 (0, -90) |
0.0 |
32.0 |
32.0 |
0.22 |
0.15 |
208.8 |
A Basin Waste Rock Storage |
Waste Rock |
including |
7.6 |
22.9 |
15.2 |
0.26 |
0.20 |
LBP675 (0, -90) |
1.5 |
35.1 |
33.5 |
0.30 |
0.20 |
56.4 |
A Basin Waste Rock Storage |
Resource DefinitionReduced cyanide solubility |
and |
42.7 |
53.3 |
10.7 |
0.23 |
0.15 |
LBP676 (120, -50) |
19.8 |
57.9 |
38.1 |
0.22 |
0.15 |
91.4 |
B Pit Backfill |
Waste Rock extends to TD |
and |
65.5 |
88.4 |
22.9 |
0.23 |
0.15 |
including |
65.5 |
74.7 |
9.1 |
0.26 |
0.20 |
LBP748 (0, -90) |
0.0 |
24.4 |
24.4 |
0.23 |
0.15 |
184.4 |
A Basin Waste RockStorage |
Waste Rock |
and |
105.2 |
125.0 |
19.8 |
0.62 |
|
Bedrock |
including |
109.7 |
111.3 |
1.5 |
1.14 |
1.00 |
including |
123.4 |
125.0 |
1.5 |
1.21 |
LBP753 (0, -90) |
0.0 |
35.1 |
35.1 |
0.26 |
0.15 |
227.1 |
A Basin Waste Rock Storage |
Resource Definition |
including |
13.7 |
30.5 |
16.8 |
0.34 |
0.20 |
and |
56.4 |
79.2 |
22.9 |
0.29 |
0.15 |
including |
68.6 |
79.2 |
10.7 |
0.44 |
0.20 |
and including |
70.1 |
71.6 |
1.5 |
1.02 |
1.00 |
*Please refer to the full table at the link
above for complete results. Results are reported as drilled
thicknesses, with true thicknesses approximately 50 to 90% of
drilled thickness. Gold grades are uncapped. Au (g/t) = grams per
tonne of gold.
RANGEFRONT ZONE EXPANSION
Drilling continues in the Rangefront Zone to
expand the limits of the zone and infill areas with lower drill
density. Drilling will continue throughout the winter months to
ensure the largest possible area is drilled off to Indicated for
inclusion in any subsequent engineering studies.
One reconnaissance hole was drilled 500 m south
of the southern edge of the Rangefront Zone as presently defined
(“South Rangefront”). The hole encountered 0.57 g/t Au over 51.8 m
starting at 440.4 m. While this gold mineralization is deep and
non-oxide, it indicates that the Black Pine gold system is present
in this area. Follow-up drilling to identify shallower zones of
oxide mineralization associated with this discovery is planned for
2023.
RANGEFRONT ZONE HIGHLIGHT TABLE*
Hole ID (Az, Dip)(degrees) |
From(m) |
To(m) |
Intercept(m) |
Au(g/t) |
AuCut-Off |
HoleLength(m) |
Target |
Comments |
LBP708 (210, -65) |
27.4 |
36.6 |
9.1 |
0.17 |
0.15 |
492.3 |
South Rangefront |
Reconnaissance reduced cyanide solubility below
420 m |
and |
420.6 |
423.7 |
3.0 |
0.55 |
including |
420.6 |
422.1 |
1.5 |
0.93 |
0.20 |
and |
440.4 |
492.3 |
51.8 |
0.57 |
including |
458.7 |
461.8 |
3.0 |
1.36 |
1.00 |
LBP735 (270, -55) |
15.2 |
32.0 |
16.8 |
0.26 |
0.15 |
269.7 |
Rangefront |
Resource Upgrade |
and |
106.7 |
117.3 |
10.7 |
0.20 |
and |
123.4 |
135.6 |
12.2 |
0.41 |
including |
125.0 |
134.1 |
9.1 |
0.49 |
0.20 |
and including |
129.5 |
131.1 |
1.5 |
1.14 |
1.00 |
and |
178.3 |
184.4 |
6.1 |
0.68 |
0.20 |
including |
181.4 |
182.9 |
1.5 |
1.01 |
1.00 |
and |
196.6 |
207.3 |
10.7 |
0.43 |
0.20 |
LBP741 (205, -55) |
73.2 |
82.3 |
9.1 |
0.20 |
0.15 |
251.5 |
Rangefront |
Resource Upgrade |
and |
112.8 |
144.8 |
32.0 |
0.34 |
0.15 |
including |
121.9 |
132.6 |
10.7 |
0.36 |
0.20 |
including |
138.7 |
144.8 |
6.1 |
0.79 |
and including |
141.7 |
144.8 |
3.0 |
1.38 |
1.00 |
and |
147.8 |
178.3 |
30.5 |
0.22 |
0.15 |
LBP745 (115, -45) |
65.5 |
93.0 |
27.4 |
0.36 |
0.20 |
182.9 |
Rangefront |
Resource Upgrade |
and |
99.1 |
106.7 |
7.6 |
0.26 |
0.15 |
and |
170.7 |
182.9 |
12.2 |
0.30 |
|
including |
176.8 |
182.9 |
6.1 |
0.43 |
0.20 |
LBP746 (30, -65) |
35.1 |
42.7 |
7.6 |
0.28 |
0.15 |
251.5 |
Rangefront |
Resource Upgrade |
and |
73.2 |
93.0 |
19.8 |
0.32 |
and |
123.4 |
152.4 |
29.0 |
0.19 |
and |
184.4 |
210.3 |
25.9 |
0.49 |
0.15 |
including |
184.4 |
208.8 |
24.4 |
0.51 |
0.20 |
and including |
202.7 |
205.7 |
3.0 |
1.71 |
1.00 |
*Please refer to the full table at the link
above for complete results. Results are reported as drilled
thicknesses, with true thicknesses approximately 50 to 90% of
drilled thickness. Gold grades are uncapped. Au (g/t) = grams per
tonne of gold. The base of the zone is situated at the lowest
structural level of the deposit, such that carbonaceous material is
frequently encountered at the base of the oxide zone, leading to
reduced cyanide solubility at depth.
With the 2022 field program recently completed,
drilling will resume in lower elevation areas on January 6, 2023.
The Black Pine resource model will be updated progressively over
the next months as assays become available and work remains on
track for an updated resource estimate release in the first quarter
2023.
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 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
QUALITY ASSURANCE – QUALITY CONTROL
Drill composites were calculated using a cut-off
of 0.10 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 50% to 90% 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 and Twin Falls prep lab listed
on the scope of accreditation.
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, availability of
equipment, timing of assay results, scalability of metallurgical
results, results and accuracy of mineral resources, 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; timing of any preliminary
economic assessments or feasibility assessments; scalability of
metallurgical results, delays in permitting; possible claims
against the Company; labour disputes and other risks of the mining
industry; 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.
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024
Liberty Gold (TSX:LGD)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024