Liberty Gold's Rangefront Drill Success Boosts Resource Growth
Liberty Gold's Promising Drilling Results at Black Pine Project
Drill highlights include:
LBP1099: 1.27 g/t Au over 22.9 meters beyond current resource
LBP1124: 0.62 g/t Au over 53.3 meters beyond reserve
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) is making waves with its ongoing drill program at the Black Pine Oxide Gold Project in southeastern Idaho. The recent results indicate robust continuity of oxide gold mineralization in the promising Rangefront zone, which showcases potential for both resource expansion and reserve conversion that are crucial for the upcoming feasibility study.
Significance of Recent Drilling
The initial reverse circulation assay results from the Rangefront zone solidify confidence in the presence of multiple stacked zones of higher-grade oxide gold mineralization discovered beyond the existing Resource Pit boundaries. Encouragingly, this mineralization is aligned with previous drill results, confirming the continuity of the ore body.
Developer Insights: The near-surface high-grade zone in the western Rangefront area remains open for further exploration. The exploration endeavors are now targeting new sections previously deemed waste material.
These latest findings bring greater confidence to the goal of converting over 250,000 ounces of gold in resources to reserves, which were previously confined due to their proximity to the legacy heap. This translates to moving towards an attractive economic proposition through reprocessing legacy material, enhancing reserve pit design potential.
Legacy Heap Reprocessing Potential
Interestingly, the reprocessing of the legacy heap leach pad could unveil approximately one square kilometer of new exploration potential. This not only connects Rangefront mineralization to the main Discovery Area but also enhances the scope of Liberty Gold’s operations.
Strategic Direction of the Rangefront Zone
As drilling efforts continue in multiple directions, the Rangefront zone is emerging as a strategic starter pit for future mining operations. With plans for around 50 additional reverse circulation holes and 12,000 meters of drilling slated for 2025, Liberty Gold is ramping up exploration activity significantly.
Current Drilling Campaign and Area Overview
Recent campaign results from the first 28 RC holes, totaling approximately 6,506 meters, deliver a clear illustration of continuous economic oxide gold mineralization. The drilling initiative, which commenced in 2025, is set to unfold further through Q4 this year. Currently, there are two RC drill rigs and one core rig at work, enhancing the pace of exploration in the Rangefront zone.
Future Outlook and Key Resources
The findings in this area suggest vast potential, with the currently defined Rangefront zone measuring about 1,500 x 1,200 x 300 meters thick. Liberty Gold has highlighted a Preliminary Feasibility Study resource estimate of 1,619,000 ounces of indicated and 296,000 ounces of inferred gold. This estimate does not take into account the additional drilling conducted in 2024, which has significantly expanded this zone.
Notably, the mineralization in this region contains the most leach-amenable oxide material at Black Pine, complemented by impressive metallurgical column leach testing revealing a gold extraction of approximately 86.9%. The company is set to deliver new technical reports, reinforcing the understanding of this resource base.
Company Vision:
Liberty Gold envisions itself as a leader in developing open-pit oxide deposits in the Great Basin, an area recognized for its large-scale gold projects suitable for profit-oriented mining. The Black Pine Project stands out as a past-producing system with considerable economic potential geared towards responsible mining practices.
Frequently Asked Questions
What is the Black Pine Oxide Gold Project?
The Black Pine Oxide Gold Project is a significant gold mining initiative located in southeastern Idaho, focused on developing open-pit oxide deposits.
What drilling results has Liberty Gold reported?
Liberty Gold reported drill results indicating significant continuous oxide gold mineralization at Rangefront, with notable grades achieved in various drill holes.
How many meters of drilling are planned for 2025?
Liberty Gold plans to conduct around 12,000 meters of drilling across 50 additional reverse circulation holes in 2025.
What does the reprocessing of the legacy heap mean?
Reprocessing legacy heap material could unlock additional gold resources and enhance the overall reserve pit design for future mining operations.
How does Liberty Gold ensure responsible mining?
Liberty Gold emphasizes environmentally responsible mining practices, balancing economic viability with sustainable operation methods.
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