Exciting Discoveries by Liberty Gold
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has made an exciting announcement about the discovery of a significant high-grade antimony mineralizing system at the Antimony Ridge Prospect, part of the Goldstrike Oxide Gold Project located in Southwest Utah. This finding has generated enthusiasm within the mining community and reinforces Liberty Gold's dedication to exploring and developing valuable mineral resources.
New Staking Program and Expansion
In light of this promising discovery, Liberty Gold has launched a staking program that extends eastward from the main Goldstrike claim block. This initiative has successfully secured around 3.2 square kilometers of new land. This expansion demonstrates the company's proactive strategy to take advantage of mineralized opportunities.
Historical Insights and Current Discoveries
The Antimony Ridge prospect has a history of gold mineralization, yet much of its potential remains untapped due to the company's previous focus on other areas. With the recent surge in interest surrounding antimony as a critical mineral in the USA, Liberty Gold has revisited its historical databases. This reevaluation has revealed elevated antimony levels, with drill holes showing impressive concentrations of up to 650 parts per million (0.065%) Sb within the Goldstrike Oxide deposit.
Characteristics of Antimony Ridge Mineralization
This discovery centers around stibiconite, an antimony oxide found within a unique jasperoid breccia, characterized by large, bladed to massive formations. The mineralization has a sampled strike length of 450 meters, indicating its extensive nature. Liberty Gold has noted that this mineral contact appears in various locations, and current field investigations are uncovering additional antimony-rich zones along fault offsets.
Significant Sampling Results
Back in 2015, limited surface sampling by the company indicated promising surface antimony values, with concentrations reaching up to 2.2% Sb and gold grades of 0.85 grams per tonne. As exploration continues, the thickness of the mineralized zone has been identified at up to 12 meters. Furthermore, this mineralization remains open along both the east-west strike and down dip towards the north, with plans in place for extensive mapping and sampling in the newly acquired areas.
Historical Production and Future Outlook
Antimony Ridge has a notable history, having produced small quantities of antimony ore back in the 1970s from the Lejaiv Unite Mine. It is estimated that around 10 tons of stibnite ore were extracted during this time. Anecdotal evidence suggests that these materials contained a high percentage of antimony, contributing to the historical narrative of potential mineral richness in the area.
Expert Commentary
Cal Everett, CEO and Director of Liberty Gold, highlighted the unexpected nature of exploration. He stated, “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 quote encapsulates the essence of geological discovery, where revisiting old data can lead to new opportunities.
About Liberty Gold
Liberty Gold is committed to exploring and developing open-pit oxide gold deposits primarily within the Great Basin, a region known for its rich gold production. By focusing on areas with proven mineral potential, Liberty Gold aims to discover and advance substantial gold deposits that can be mined sustainably and profitably.
Contact Information
For further inquiries or more information, interested individuals can reach out to Susie Bell, Manager of Investor Relations. She is available by phone at 604-632-4677 or toll-free at 1-877-632-4677. Additionally, you can email info@libertygold.ca for more details.
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.
