Liberty Gold Unveils High-Grade Antimony Discovery in Utah

Exciting Discoveries by Liberty Gold

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has made a thrilling announcement regarding the discovery of a significant high-grade antimony mineralizing system at the Antimony Ridge Prospect within the Goldstrike Oxide Gold Project in Southwest Utah. This new finding brings excitement to the mining community, confirming Liberty Gold's commitment to exploring and developing promising mineral resources.

New Staking Program and Expansion

Recognizing the potential of this system, Liberty Gold has initiated a staking program extending eastward from the main Goldstrike claim block. This effort has successfully secured approximately 3.2 square kilometers of new territory. The expansion reflects the company's proactive approach to capitalize on mineralized opportunities.

Historical Insights and Current Discoveries

The Antimony Ridge prospect was historically noted for its gold mineralization, but much of its potential remains unexplored due to the company's prior focus on other areas. The recent surge in interest surrounding antimony as a critical mineral in the USA has prompted Liberty Gold to revisit its historic databases. This reevaluation led to the recognition of elevated antimony levels, with drill holes indicating remarkable concentrations of up to 650 parts per million (0.065%) Sb within the Goldstrike Oxide deposit.

Characteristics of Antimony Ridge Mineralization

At the heart of this discovery lies stibiconite, an antimony oxide found in a unique jasperoid breccia characterized by large, bladed to massive formations. This mineralization showcases a sampled strike length of 450 meters, indicating its extensive nature. Liberty Gold has observed that this mineral contact appears across various locations, with current field investigations unearthing additional antimony-rich zones along fault offsets.

Significant Sampling Results

Back in 2015, the company's limited surface sampling efforts already indicated promising surface antimony values, showcasing concentrations of up to 2.2% Sb, alongside gold grades reaching 0.85 grams per tonne. As further exploration continues, the thickness of the mineralized zone has been identified as reaching up to 12 meters. Moreover, this mineralization extends open along both east-west strike and down dip towards the north, with plans underway for extensive mapping and sampling in the newly acquired lands.

Historical Production and Future Outlook

Antimony Ridge has a projected legacy, historically producing small quantities of antimony ore back in the 1970s from the Lejaiv Unite Mine. During this time, it is estimated that around 10 tons of stibnite ore were extracted. Excitingly, anecdotal evidence suggests these materials had a high percentage of antimony, adding to the historical narrative of potential mineral richness in this region.

Expert Commentary

Cal Everett, CEO and Director of Liberty Gold, emphasized the serendipity often present in exploration. He remarked, “It is the nature of the exploration business to find what you were not looking for in plain sight, simply due to retention of archives that suddenly become relevant.” This sentiment captures the essence of discovery in geology—where revisiting old data can yield new opportunities.

About Liberty Gold

Liberty Gold is dedicated to the exploration and development of open-pit oxide gold deposits primarily within the Great Basin, a region renowned for its prolific gold production. By focusing on areas with proven mineral potential, Liberty Gold aims to unearth and advance substantial gold deposits that can be mined sustainably and profitably.

Contact Information

For additional inquiries or details, interested parties can contact Susie Bell, Manager of Investor Relations. She can be reached by phone at 604-632-4677 or toll-free at 1-877-632-4677. For further information, you may also email info@libertygold.ca.

Frequently Asked Questions

What recent discovery did Liberty Gold make?

Liberty Gold announced the identification of a high-grade antimony system at the Antimony Ridge Prospect.

What is the significance of antimony in mining?

Antimony is recognized as a critical mineral, essential for various industrial applications, and its increasing demand drives exploration efforts.

How large is the newly staked area by Liberty Gold?

The company has acquired approximately 3.2 square kilometers of new land to explore mineralization potential.

What are some past findings at Antimony Ridge?

Previous surface sampling showed antimony values up to 2.2% and gold grades reaching 0.85 grams per tonne.

Who can I contact for more information about Liberty Gold?

Contact Susie Bell at 604-632-4677 or via email at info@libertygold.ca.

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