Liberty Gold Expands Exploration Area at Black Pine Project
Liberty Gold Expands Exploration Validity with New Permit
VANCOUVER, British Columbia – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) is thrilled to share the significant news of acquiring a Hardrock Prospector Permit (HPP) that encompasses four newly permitted areas adjacent to the Black Pine Oxide Gold Project. This expansion marks a notable milestone in the company’s ongoing commitment to exploring precious mineral resources.
Project Expansion and Exploration Potential
The newly permitted areas add approximately 7.1 square kilometers to the existing exploration domain, bringing the total area of the Black Pine project to around 69.3 square kilometers. This expansion enhances the prospective exploration opportunities by about 10%, which is integral to the company’s strategic mining approach.
This permitting process was governed by US federal regulations, specifically under the Weeks Act, ensuring that these areas are suitable for licensed mineral prospecting. The Hardrock Prospector Permit grants Liberty Gold exclusive rights to explore for and potentially discover mineral deposits, setting the stage for future mining ventures. Such exploration could eventually lead to mineral leases that facilitate operational expansions.
Collaboration with Key Organizations
The successful granting of this permit follows extensive consultation with the United States Forest Service (USFS) and the Bureau of Land Management (BLM). Liberty Gold acknowledges the collaborative spirit demonstrated throughout this process. The company’s Vice President of Exploration, Pete Shabestari, highlighted the critical role played by both agencies in supporting the permitting journey.
“Achieving these permits enables us to explore the extensive potential at Black Pine, focusing on uncovering further extensions of the mineralized system,” stated Shabestari. His enthusiasm reflects the company’s strategic goal to discover significant gold oxide resources and expand its operational footprint effectively.
Future Drilling Plans and Expectations
With the recently approved fourth amendment to the Black Pine Plan of Operations, Liberty Gold is preparing to kickstart exploratory drilling across 3.4 square kilometers of these newly designated areas. Initial drilling is anticipated to commence in the fourth quarter of the current year, representing another pivotal phase in the company’s exploration timeline.
This proactive approach signals Liberty Gold’s intent to capitalize on the vibrant prospects within the southern extension of the Black Pine project. Additionally, further amendments to the exploration Plan of Operations will facilitate drilling access to even more areas, laying a robust foundation for ongoing research and exploration efforts.
Commitment to Responsible Mining
Liberty Gold’s strategy is centered around exploring and developing open-pit oxide deposits, particularly in the Great Basin of the United States, which is recognized for its prolific gold production capacity. The company prides itself on its deep understanding of this region and remains dedicated to executing responsible mining practices.
This responsible approach not only regards environmental considerations but also emphasizes building relationships with local communities and stakeholders. Liberty Gold is devoted to ensuring its operations are sustainable and beneficial in the long run.
Company Overview and Future Outlook
Liberty Gold’s ongoing explorations are backed by a strong commitment to uncover hidden mineral wealth in regions ripe for development. With an increasingly favorable regulatory environment and a clear vision for expansion, the company stands poised for significant advances in its gold mining endeavors.
As Liberty Gold strategically positions itself within the competitive landscape of mineral exploration, the anticipation of future discoveries remains high. Investors, community members, and stakeholders are encouraged to stay engaged as the company unveils its exploration findings and updates in the coming months.
Frequently Asked Questions
What is the significance of the new Hardrock Prospector Permit?
The Hardrock Prospector Permit allows Liberty Gold exclusive rights to explore and prospect for mineral deposits in newly designated areas, enhancing exploration opportunities.
How much area is now covered under the Black Pine project?
The area now totals approximately 69.3 square kilometers following the addition of newly permitted regions, expanding the project footprint significantly.
When is initial drilling expected to commence?
Initial drilling activities are anticipated to start in the fourth quarter of the current year within the newly permitted areas.
What resources is Liberty Gold particularly focused on?
Liberty Gold mainly concentrates on exploring and developing open-pit oxide gold deposits, primarily in the Great Basin region known for its rich mineral resources.
Who can I contact for further information about Liberty Gold?
For inquiries, please reach out to Susie Bell, Manager of Investor Relations at Liberty Gold, through phone at 604-632-4677 or toll-free at 1-877-632-4677.
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