- Liberty Gold (LGD) secures process water supply and strategic mineral rights, Black Pine Oxide Gold Deposit, Idaho
- These acquisitions continue to substantially de-risk the property from a development perspective
- Liberty Gold has also acquired a lease for mineral rights from the State of Idaho on Section 36, a 2.6 km2 parcel of land
- Liberty Gold is focused on exploring the Great Basin of the United States
- Liberty Gold Corp. (LGD) is up 2.02 per cent, trading at C$1.01 at 1:14 pm EST
Liberty Gold Corp. (LGD) has secured water rights in excess of 2,300 acre-feet per annum in the locality of Black Pine, intended for use as a process water supply.
Liberty Gold has also obtained a strategic mineral rights lease from the State of Idaho covering 2.6 square kilometres adjacent to the deposit, representing both an exploration opportunity and a potential area for future heap leach infrastructure.
These acquisitions continue to substantially de-risk the property from a development perspective.
Preliminary engineering studies suggest that this water supply is sufficient to sustain up to 70,000 ore tonnes per day, run-of-mine heap leach operation and associated infrastructure at Black Pine.
We are pursuing multiple strategies for procurement of additional water rights given the potential scale of the new Rangefront discovery and to provide operational flexibility to a future mining operation.
Liberty Gold has also acquired a lease for mineral rights from the State of Idaho on Section 36, a 2.6 km2 parcel of land located immediately east of the Black Pine deposit.
Historic drilling confirms that the Rangefront mineralization extends northeast into this block. A Plan of Operations to conduct exploration and condemnation drilling on this land was submitted to the Bureau of Land Management in the third quarter of 2021.
An additional 0.54 km2 of ground has also been acquired by staking in this area. Total Liberty Gold land holdings at Black Pine now aggregate 51.6 km2 of which 54 per cent is subject to a 0.5 per cent Net Smelter Royalty and 41 per cent is royalty-free.
Jon Gilligan, Chief Operating Officer of Liberty Gold stated, “Key deliverables for the development team have been securing a reliable and sustainable long-term water supply and identifying additional land for the potential location of infrastructure for the future Black Pine mining operation.”
“Liberty Gold will continue to conduct technical studies on this future groundwater supply to ensure we manage the water resources in the basin in a sustainable manner, minimizing potential impacts and maximizing benefits for stakeholders,” added Gilligan.
Black Pine is located in the northern Great Basin, immediately adjacent to the Utah/Idaho border.
It is a Carlin-style gold system, similar in many ways to the prolific deposits located along with Nevada’s Carlin trend. Like Nevada Gold Mines’ Long Canyon deposit, Black Pine represents a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in underexplored parts of the Great Basin.
Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.
This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah.
Liberty Gold Corp. (LGD) is up 2.02 per cent, trading at C$1.01 at 1:14 pm EST.