Liberty Gold Corp. (TSX:LGD) is pleased to announce additional reverse circulation drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, USA.  Liberty Gold identified nine regional oxide gold targets over a 7.3 square kilometre permit area to be tested in 2020. To date, five targets have been tested, resulting in the D-3, F, and D-1 Southeast Extension discoveries, with assays pending from the Southwest Extension and D-1 Northwest Extension areas.  

“With three RC drills and one core drill currently operating, we are on track to meet our goal of giving the identified gold system a comprehensive test in 2020, while building resource ounces at the same time,” comments Cal Everett, President and CEO of Liberty Gold. “The first half of the core drilling program is focused on obtaining large diameter core for Phase 3 metallurgical drilling, followed by a test of new targets. It is nice to see our goals being met, and even better that we are finding gold nearly everywhere that we look.”

D-3

Liberty Gold’s third high-grade oxide gold discovery (the “D-3 Zone”) continues to deliver multiple thick intervals of oxide gold mineralization. D-3 lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modeled to underlie most of the Black Pine gold system at depth. Drilling is presently focused on infill drilling as well as step-out drilling under the historic B pit.   

D-3 DRILL HIGHLIGHTS INCLUDE¹:

¹A number of mineralized intervals were omitted from this table for brevity. Please refer to the full table at the link below for complete results. 

D-3 KEY POINTS

• The new D-3 Zone continues to take shape as additional holes are added to it, with LBP169 further confirming the potential of the zone to host thick intervals of 1 gram per tonne gold (“g/t Au”) or better.
• As the highlight table indicates, most of the holes contain multiple intervals of gold mineralization from surface to over 300 metres (“m”).  With reference to the complete table of results (link provided below), individual holes commonly contain 5 to 10 intervals above a 0.2 g/t Au cut-off grade.
• Cyanide-soluble assays for the highlight interval in LBP169 return a weighted average of 88%, attesting to the thoroughly oxidized nature of gold mineralization.
• At present, D-3 is thought to be hosted in an east-dipping, sheared, calcareous siltstone horizon, stratigraphically beneath and structurally adjacent to the unit that hosts the D-1 and D-2 zones.  It rises to near the surface in the west and extends an unknown distance under the historic B pit to the east.
• Two drills are currently on D-3 to advance infill and step-out drilling.

D-1 SOUTHEAST EXTENSION

High-grade oxide gold was also encountered in the D-1 Southeast Extension area, testing a 400 m-long gap in historical drilling between the historic B and Tallman pits. To date, Liberty Gold has drilled a total of 12 RC holes and one diamond core hole in this target, with additional step-out drilling planned on the basis of these results.  Follow-up drilling around LBP150 (see press release July 28, 2020) yielded an intercept in similar strata approximately 35 m to the north as detailed below.  Additional drill sites have been constructed in order to continue infill and step-out drilling on these encouraging results.

D-1 SOUTHEAST EXTENSION DRILL HIGHLIGHTS INCLUDE¹:

¹A number of mineralized intervals were omitted from this table for brevity. Please refer to the full table at the link below for complete results. 

D-1 SOUTHEAST EXTENSION KEY POINTS:

• LBP168 continues to demonstrate the potential for the Southeast Extension of the D-1 Zone to host high-grade ounces.
• Additional drill holes from new drill sites are planned to follow up on recent drill results.
• Cyanide-soluble assays for the highlight interval in LBP168 return a weighted average of 74%, further attesting to the thoroughly oxidized nature of gold mineralization.

RC drilling is ongoing at Black Pine, with three RC drill rigs testing new targets, infilling newly-identified targets, and expanding on the focused drilling carried out in 2019.

For cross sections of drill collars and traces for the current release, please click here:  

https://libertygold.ca/images/news/2020/september/BlackPine_NR09102020CS.pdf

For a map of drill collars and traces for the current release, please click here:  

https://libertygold.ca/images/news/2020/september/BlackPine_NR09102020Map.pdf

For a complete table of drill results from all Liberty Gold drill holes at Black Pine, please click here: 

https://libertygold.ca/images/news/2020/september/BP_Intercepts09102020.pdf

REGIONAL DRILLING

As new targets are drilled, infill and step out drilling are carried out where new discoveries are made, as is the case at the D-3 and D-1 Southeast Extension zones. However, one or more RC drills at any given time is carrying out regional drilling, as part of Liberty Gold’s commitment to a comprehensive test of the 7.3 km² permitted area of the Black Pine gold system in 2020.

Two additional targets have been the subject of recent drilling, including a large area southwest of the historic CD Pit (Southwest Extension), and an area north of the current limit of the D-1 zone (D-1 Northwest Extension).  The Southwest Extension contains a large gold-in-soil anomaly, measuring over 1 km² in size, which has never had a drill test.  Portions of the holes drilled to date contain decalcified siltstone, breccias and iron oxides, which are indicators of gold mineralization elsewhere at Black Pine.  The area north of the D-1 zone, and on either side of the north end of it, contains areas of anomalous gold in surface soil samples, voluminous calcite-cemented breccias and widely-spaced, shallow, historic drill holes, most of which contain oxide gold.  Drilling is focused on testing below the limit of the historic drilling along projections of structural features, including the northwest extension of the D-1 zone.

Additional targets that will be tested in the near future include the M Zone in the northeastern portion of the gold system, and the Rangefront Target in the southeastern portion of the gold system.  Both areas have been tested in the past with shallow drill holes, often ending in mineralization.  Historic intercepts in the M zone include 1.70 g/t Au over 15.2 m in 93BX-82, and 1.33 g/t Au over 10.7 m and 0.98 g/t Au over 10.7 m in 93BX-36.

KEY POINTS:

• Regional targets tested to date in 2020 include the D-3, F Zone and D-1 Southeast Extension; all yielded shallow, high-grade oxide gold intercepts, with D-3 yielding an additional deeper body of mineralization similar to that encountered in 2019 in the D-1 and D-2 zones.
• In the short term, the new F Zone drill intercept (2.21 g/t Au over 22.9 m including 7.42 g/t oxide gold over 4.6 m in LBP149) will be followed up with additional drilling.
• Other new targets with assays pending include the D-1 Northwest Extension and Southwest Extension near the CD Pit.
• Drilling will commence soon on the M Zone target located southeast of the A Pit, as well as a return to the Rangefront target, located 2.0 km southeast of the Tallman Pit, with a near-surface intercept of oxide gold grading 0.49 g/t Au over 55.9 m in LBP093C.

In addition to RC drilling, Liberty Gold is expanding the permit area to include an additional 4.6 km². Large diameter core drilling for Phase 3 metallurgical testing is ongoing.   

ABOUT BLACK PINE

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 Nevada’s Carlin trend.  Like Newmont’s 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.  The historic Black Pine Mine operated from 1992 to 1997, during a period of historically low gold prices, with 435,000 ounces of gold produced from five composite, shallow pits.

ABOUT LIBERTY GOLD

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.  We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.  Our flagship projects are Black Pine in Idaho and Goldstrike in Utah, both past- producing open-pit mines, where previous operators only scratched the surface.