Exciting New Developments in Mineralization at Black Pine Project
Expansion of High-Grade Oxide Mineralization at Black Pine Gold Project
0.41 g/t Au over 41.1 meters in LBP1145 at 45 m below surface
0.92 g/t Au over 35.1 meters in LBP1141
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) is delighted to share encouraging results from its ongoing extensive feasibility reverse circulation drilling program at the Black Pine Gold Project. This program aims to enhance resource infill, ensure technical compliance for feasibility, and expand current resources.
Significant Drilling Results Unveiled
Building upon initial findings released previously, the latest results from 2,979 meters of drilling across 14 holes confirm a substantial continuation of the Rangefront Zone. The near-surface oxide gold zone has expanded dramatically, now exceeding 150 meters in width from north to south and over 200 meters east to west within previously categorized waste blocks.
Key Highlights from the Latest Drilling
- Growth of Mineralization: The higher-grade mineralization in the western Rangefront demonstrates consistent growth in multiple directions, notably south, east, and northwest, moving closer to existing heap leach pads.
- Continued Infill Drilling: Ongoing drilling has reaffirmed strong gold grades, notably with 0.28 g/t Au over 125 meters for hole LBP1136 in east Rangefront and impressive results of 0.20 g/t Au over 53.3 meters in LBP1141 from the west.
- Resource Assessment: Recent findings have reported new ounces added near surface in areas that were previously dismissed as waste due to a deficit of drilling.
- Future Plans: The company has planned additional metallurgical drilling for later in the year to better cover the newly expanded resource, enhancing the feasibility study.
- Ongoing Exploration: The drilling operations continue with plans for approximately 50 more RC and core holes over 15,000 meters throughout the year.
Strategic Growth within Black Pine Project
The Rangefront area is emerging as a pivotal growth site for Liberty Gold's Black Pine project. It's strategically located close to the existing infrastructure and proposed leach pads. An update to the resource evaluation is scheduled for later in the year, adding significant value to the project.
Quote from Leadership
Jon Gilligan, the President and CEO of Liberty Gold, emphasized the ongoing improvement at Rangefront, showcasing it as a central aspect of Black Pine's future mining plan. With nearly two million ounces defined, he recognized the area as a vital starter pit, asserting confidence that the planned drilling will illuminate the potential of the gold system.
Overview of the Rangefront Area
In total, 14,289 meters of drilling have been successfully completed in the Rangefront area in the current timeframe, complemented by another 15,000 meters planned. This follows an earlier phase of 14,817 meters drilled in 2024, which did not influence the prior feasibility study. This comprehensive depth of drilling will significantly inform the resource study anticipated to start soon.
The Rangefront Area is established as a robust 1,500 by 1,200 by 300 meters zone of continuous oxide gold mineralization, initially discovered in 2021. The total estimated resource of 1,619,000 indicated ounces and 296,000 inferred ounces was noted in a preliminary feasibility study, excluding the results from recent explorations that have broadened the area's potential considerably.
About Liberty Gold Corp.
Liberty Gold remains dedicated to the development of open-pit oxide deposits situated in the United States' Great Basin, a prolific region for gold mining. The company is actively advancing the Black Pine Project, a historic Carlin-style gold system that boasts significant economic potential and opportunities for expansion.
For more information, contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
Email: info@libertygold.ca
Frequently Asked Questions
What recent developments have been reported about the Black Pine project?
The latest drilling reports show significant expansion of high-grade mineralization in the Rangefront Zone, enhancing resource growth potential.
What are the highlights from the latest drilling results?
Recent results highlighted notable gold grades including drilling successes of 0.41 g/t over 41.1 meters in LBP1145 and 0.92 g/t over 35.1 meters in LBP1141.
What plans does Liberty Gold have for the Black Pine project moving forward?
Liberty Gold plans additional metallurgical drilling and continued exploration with approximately 50 more RC and core holes in the coming year.
How significant is the Rangefront area to Liberty Gold's strategy?
The Rangefront area is becoming a key growth component of the Black Pine project, due to its strategic location and resource potential.
How can I find out more about Liberty Gold's activities?
For detailed information about Liberty Gold’s latest advancements, potential investors can contact Susie Bell, Manager of Investor Relations, via the provided phone number or email.
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