Exciting Drill Results from Liberty Gold's Discovery Zone
1.53 g/t Au over 85.3 meters, including 5.19 g/t Au over 9.1 meters in LBP1171
1.17 g/t Au over 59.4 meters, including 3.44 g/t Au over 15.2 meters in LBP1155
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has recently unveiled promising oxide gold assay results from its ongoing drill program at the Black Pine Gold Project. These remarkable findings emerge from nine infill drill holes in the Discovery Zone, located in Idaho. The company's focus is on a robust feasibility drill initiative aimed at supporting resource conversion and optimizing mine design, which spans approximately 40,000 meters.
Overview of the Discovery Zone and Recent Findings
The drill holes strategically target areas previously defined mainly through historical data, seeking to enhance the confidence in the mineralization and metallurgical models. Notably, the drill results highlight a significant intercept from hole LBP1171, which ranks among the top ten unmined intercepts at Black Pine based on grade-thickness. This finding confirms an extension of a previously extracted high-grade shoot in the historic B Pit area, thereby contributing valuable information for the upcoming feasibility resource model.
Drill Results: Key Highlights
Initial results from the first nine holes of a planned 35-40 hole program showcase:
- 5.19 grams per tonne gold (“g/t Au”) over 9.1 meters, including a remarkable 21.3 g/t Au over 1.5 meters within LBP1171.
- 3.44 g/t Au over 15.2 meters within a broader interval of 1.17 g/t Au over 59.4 meters in hole LBP1155.
- 2.44 g/t Au over 10.7 meters within 1.16 g/t Au over 27.4 meters in hole LBP1168.
- 2.35 g/t Au over 10.7 meters within 1.17 g/t Au over 25.9 meters in hole LBP1139.
- 1.84 g/t Au over 7.6 meters within 0.53 g/t Au over 51.8 meters in hole LBP1163.
- 1.10 g/t Au over 6.1 meters within 0.57 g/t Au over 91.4 meters in LBP1143.
Continued Drilling and Future Plans
The results from this drilling phase not only affirm the continuity of high-grade oxide mineralization but also bolster the existing grade modeling crucial for the feasibility study. It is reassuring that drilling has validated the metallurgical models employed in previous assessments, with all intercepts enhancing our understanding of the highest recovery metallurgical zones as determined by cyanide soluble assays.
Next Steps for Liberty Gold
As of now, the company operates one reverse circulation (RC) rig focused on resource conversion activities within the Discovery Zone, complemented by geotechnical drill holes. Additional RC rigs are engaged in both resource expansion and metallurgical sampling within the Rangefront area, with all teams working tirelessly to maximize efficiency.
Alongside these efforts, a third RC rig is tasked with hydrologic monitoring holes, aimed at transitioning towards exploration holes in Rangefront upon completion. Notably, early next month, a geotechnical rig is set to arrive, further enhancing site investigations essential for soil engineering works.
About Liberty Gold
Liberty Gold is committed to advancing open pit oxide deposits within the prolific Great Basin of the United States, which includes some of the world’s most productive gold mining regions. The company primarily focuses on the Black Pine Project, a noteworthy Carlin-style gold system recognized for its considerable and expanding resource base, demonstrating significant economic potential. Liberty Gold understands the landscape and is dedicated to discovering and developing substantial gold deposits that can be mined efficiently and responsibly.
For additional information, please contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll-Free: 1-877-632-4677
info@libertygold.ca
Frequently Asked Questions
1. What recent results did Liberty Gold announce?
Liberty Gold announced significant oxide gold drill results from nine holes in the Discovery Zone, with multiple high-grade intercepts.
2. What is the significance of the drill hole LBP1171?
LBP1171 recorded among the highest unmined intercepts at Black Pine, confirming extensions of previously mined high-grade areas.
3. How does the ongoing drill program support the company's goals?
The drill program aims to support resource conversion and improve metallurgical models for future mine design and feasibility assessments.
4. What is the strategic focus of Liberty Gold?
Liberty Gold focuses on developing environmentally sustainable, open-pit oxide gold projects in the Great Basin, particularly the Black Pine Project.
5. Who can I contact for more information about Liberty Gold?
For inquiries, you can contact Susie Bell, Manager of Investor Relations, via phone or email.
