- Liberty Gold (LGD) has received the final US$6 million cash payment for the sale of its 40 per cent interest in the Halilağa copper-gold porphyry deposit
- The Halilağa is located in Biga Province, northwest Turkey
- Liberty Gold has received US$22.0 million from the sale of Halilağa
- Natural Resources Global Capital Group has been retained by Liberty Gold to conduct the sale of Liberty’s interest in the TV Tower property
- TV Tower, Liberty’s last remaining asset in Turkey, hosts a multimillion-ounce gold equivalent resource, with a large number of undrilled targets
- Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States
- Liberty Gold Corp. (LGD) opened trading at C$0.45
Liberty Gold (LGD) has received the final US$6 million cash payment for the sale of its 40 per cent interest in the Halilağa copper-gold porphyry deposit to Cengiz Holdings A.Ș.
The Halilağa is located in Biga Province, northwest Turkey. Liberty Gold has received US$22.0 million from the sale of Halilağa. The Halilağa divestiture is consistent with Liberty Gold’s strategy of re-deploying capital from non-core assets into the high-quality Black Pine and Goldstrike oxide-gold projects in the Great Basin, USA.
At the TV Tower gold-silver-copper property, Liberty Gold’s remaining asset in Turkey, Natural Resources Global Capital Group (NRG), has been retained to conduct a strategic sale of the company’s 64 per cent interest to generate further funds to invest in oxide gold exploration and development in the Great Basin.
In 2021, the company announced an updated resource estimate on five gold, silver, and copper deposits, more than tripling the prior resource estimate. TV Tower hosts a multimillion-ounce gold equivalent resource with a large number of undrilled targets.
Cal Everett, CEO of Liberty Gold, commented on the news.
“We are pleased to report the receipt of the final payment in this important transaction. Work continues at our Black Pine and Goldstrike properties, and we are well-funded, a stand-out point for the Company in the current market conditions.”
Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. The company’s flagship projects are Black Pine in Idaho and Goldstrike in Utah.
Liberty Gold Corp. (LGD) opened trading at C$0.45.
