- Liberty Gold Corp. (LGD) has reported reverse circulation (RC) drill results from the F Zone target at its Black Pine Oxide Gold Project in southeastern Idaho
- Results from 17 new RC holes in the F Zone confirm that the CD and Discovery zones are linked by a continuous, north-trending zone of near-surface oxide gold mineralization over a distance of approximately 750 metres
- Oxide gold mineralization starts from surface or at shallow depth in all holes
- Liberty Gold Corp. is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States
- Liberty Gold Corp. opened trading at $0.435 per share
Liberty Gold (LGD) has reported reverse circulation (RC) drill results from the F Zone target at its Black Pine Oxide Gold Project.
The project is located in southeastern Idaho.
Results from 17 new RC holes in the F Zone confirm that the CD and Discovery zones are linked by a continuous, north-trending zone of near-surface oxide gold mineralization over a distance of approximately 750 metres.
The CD and Discovery zones are the two largest deposits in the 2021 Mineral Resource.
Oxide gold mineralization starts from surface or at shallow depth in all holes.
This drilling links several resource pits and demonstrates that as drill information increases, gold mineralization at Black Pine tends to coalesce into larger, continuous mineralized zones, with potentially greater amenability to bulk mining.
Highlights from the current holes include 0.95 grams per tonne gold (g/t Au) over 18.3 m including 1.03 g/t Au over 16.8 m from surface in LBP657; 0.74 g/t Au over 38.1 m including 0.87 g/t Au over 30.5 m from surface in LBP660; 0.84 g/t Au over 36.6 m including 0.97 g/t Au over 30.5 m from surface in LBP662.
“As we put considerable management focus into our de-risking strategy for the Black Pine project, these results show that it is still very much an exploration property, with large, undrilled targets and opportunities for adding ounces between targets, in virtually every direction,” said Cal Everett, President and CEO of Liberty Gold.
“As this drilling progresses in the second half of 2022, we will progressively update geological and resource models to understand the broader engineering impact of these expanded mineralized areas,” he added.
The company plans that up to four RC drills will be utilized for resource drilling for the remainder of the year, with a target of 70,000 m of drilling for 2022.
Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.
Liberty Gold Corp. opened trading at $0.435 per share.
