The Prospector News

Liberty Gold Expands the New High Grade Oxide Gold D-3 Zone at Black Pine; 1.44 g/t Au over 96.0 m Including 1.95 g/t Au over 32.0 m and 1.86 g/t Au over 29.0 m

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Liberty Gold Expands the New High Grade Oxide Gold D-3 Zone at Black Pine; 1.44 g/t Au over 96.0 m Including 1.95 g/t Au over 32.0 m and 1.86 g/t Au over 29.0 m

 

 

 

 

 

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, three of the targets have been tested, resulting in the D-3, F, and D-1 Southeast Extension discoveries.  

 

D-3 AND D-1 EXTENSION DISCOVERIES YIELD HIGH-GRADE RESULTS:

 

  • D-3 Zone: 1.44 grams per tonne gold over 96.0 metres including 1.95 g/t Au over 32.0 m and 1.86 g/t Au over 29.0 m in LBP152.
  • D-1 Southeast Extension Zone: 3.04 g/t Au over 19.8 including 8.54 g/t Au over 4.6 m in LBP150.

 

F ZONE TESTED AS PART OF THE PROJECT-SCALE REGIONAL EXPLORATION PROGRAM:

  • F Zone: 2.21 g/t Au over 22.9 m including 7.42 g/t Au over 4.6 m in LBP149.

 

“We continue to deliver on our commitment to test new targets throughout the 7.3 km2, permitted portion of the Black Pine gold system, and this approach continues to yield new discoveries and outstanding results,” comments Cal Everett, President and CEO of Liberty Gold.

 

D-3

 

Liberty Gold’s third high-grade oxide gold discovery (D-3 Zone) continues to deliver 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 an area measuring approximately 400 m in a north-south direction by 250 m in an east-west direction. A total of 15 holes now define D-3, which remains open in all directions.

 

D-3 DRILL HIGHLIGHTS INCLUDE1:

 

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off (g/t) Hole Length (m) Target
               
LBP144 (293, -70) 70.1 88.4 18.3 0.53 0.2 312.4 D-3
and 245.4 251.5 6.1 1.69
and 259.1 265.2 6.1 0.79
               
LBP148 (293, -60) 71.6 88.4 16.8 0.45 0.2 294.1 D-3
and 234.7 257.6 22.9 0.43
               
LBP151 (35, -70) 97.5 103.6 6.1 0.78 0.2 365.8 D-3
and 205.7 216.4 10.7 0.65
and 291.1 295.7 4.6 3.57
               
LBP152 (90, -79) 219.5 315.5 96.0 1.44 0.2 409.9 D-3
incl 228.6 260.6 32.0 1.95 1
and incl 253.0 254.5 1.5 5.31 5
incl 263.7 292.6 29.0 1.86 1
and incl 277.4 278.9 1.5 5.58 5
incl 294.1 297.2 3.0 1.12 1
incl 303.3 306.3 3.0 2.88 1

 

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 LBP152 further confirming the potential of the zone to host thick intervals of >1 g/t Au.
  • At 138.2 gram-metres, the highlight intercept in LBP152 represents the 4th best single intercept drilled to date at Black Pine by Liberty Gold.
  • As with the D-1 and D-2 zones, the D-3 zone is overlain by additional near-surface oxide gold mineralization.
  • Cyanide-soluble assays for the highlight interval in LBP152 return a weighted average of 94%, attesting to the thoroughly oxidized nature of gold mineralization.
  • At present, the D-3 zone is thought to be hosted in a calcareous siltstone horizon, stratigraphically beneath and structurally adjacent to the unit that hosts the D-1 and D-2 zones.  It is at least 250 m wide and 400 m long, and open in all directions.
  • Three drills are currently on the D-3 zone to advance infill and step-out drilling.

 

F ZONE

 

Drill hole LBP149 tested the south end of the new F Zone Target. The F Zone is presumed to be a linear, north-northwest-trending zone based on sporadic, shallow historic drill data and surface geochemical sampling near the northwest end of the historic CD Pit ore body. Other holes drilled by Liberty Gold in this zone are now believed to have been drilled too far to the west.  Systematic drilling is required to define the orientation of the F Target and determine if it connects with D-3 Zone to the northeast, a distance of approximately 1 kilometre.

 

F ZONE DRILL HIGHLIGHTS INCLUDE1:

 

Hole ID (Az, Dip) (degrees)

From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off (g/t) Hole Length (m) Target
               
LBP149 (80, -60) 3.0 32.0 29.0 0.29 0.2 190.5 F
and 41.1 64.0 22.9 2.21
incl 44.2 48.8 4.6 7.42 1

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. 

 

F ZONE

 

  • LBP149 tested an area located approximately 1 km south of the D-3 Zone, with drilling planned in the intervening gap to determine if the two are linked along a north-south trending structural corridor.
  • Cyanide-soluble assays for the highlight interval in LBP149 return a weighted average of 98%, attesting to the thoroughly oxidized nature of gold mineralization.
  • F Zone drilling demonstrates that Liberty Gold is executing on its plan to carry out a comprehensive test of the permitted portions of the Black Pine gold system in 2020.

 

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 seven holes in this target, with additional step-out drilling planned on the basis of these new results.  Drilling in this gap area extends the D1 zone an additional 0.6 km to the southeast.

 

D-1 SOUTHEAST EXTENSION DRILL HIGHLIGHTS INCLUDE1:

 

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off (g/t) Hole Length (m) Target
               
LBP150 (117, -60) 138.7 146.3 7.6 0.83 0.2 251.5 B Pit to Tallman Pit (D-1 SE extension)
and 153.9 176.8 22.9 0.48
and 208.8 228.6 19.8 3.04
incl 208.8 222.5 13.7 4.15 1
and incl 217.9 222.5 4.6 8.54 5
               
LBP153 (205, -60) 102.1 117.3 15.2 0.70 0.2 172.2 D-1 SE extension
               
LBP155 (180, -70) 45.7 71.6 25.9 0.69 0.2 166.1 D-1 SE Extension

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:

 

  • LBP150 demonstrates the potential for this area of the D-1 Zone to host high-grade ounces, important in order to meet our goal of rapidly building new ounces.
  • New drilling extends the D-1 Zone to approximately 1,750 m long and 150 to 200 m wide.
  • A minimum of three step-out holes are planned to test around LBP150, with additional holes planned to follow up on other drilling in the zone.
  • Cyanide-soluble assays for the highlight interval in LBP150 return a weighted average of 94%, further attesting to the thoroughly oxidized nature of gold mineralization.

 

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

 

https://libertygold.ca/images/news/2020/july/BlackPine_NR07282020CS.pdf

 

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

 

https://libertygold.ca/images/news/2020/july/BlackPine_NR07282020Map.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/july/BP_Intercepts07282020.pdf

 

REGIONAL IMPLICATIONS

 

RC drilling is ongoing at Black Pine, with three RC drill rigs currently operating, testing new targets, infilling newly-identified targets, and expanding on the focused drilling carried out in 2019 over much of the 7.3 km2 permit area. The program supports Liberty Gold’s commitment to a comprehensive test of the Black Pine gold system in 2020.

 

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 will be followed up with additional drilling while infill and step out drilling continue on D-3 and D-1.
  • Other targets to be tested in the next two months include: D-1 Northwest Extension; CD Pit to E Pit Northwest Corridor; Southwest Target near the CD Pit; and M Target located southeast of the A Pit.
  • An additional regional target, Rangefront, located 2.0 km southeast of the Tallman Pit and 2.5 km southeast of the F Zone target, was announced in January, with a single near-surface intercept of oxide gold grading 0.49 g/t Au over 55.9 m.
  • Drilling is also planned in the 1.5 km-wide gap between the Rangefront target and the main zone of gold mineralization later in the season, pending approval of an amendment to the Plan of Operations to permit drilling in this area.  Liberty Gold has modeled extensions to gold mineralization in this area where it projects under shallow sandstone cover.

 

For a panorama image showing drill locations with associated drill results, please click here:  

https://libertygold.ca/images/news/2020/july/BP_PanoramaNR07282020.pdf

 

In addition to drilling, Liberty Gold is expanding the permit area to include an additional 4.6 km2.  Metallurgical column testing is ongoing, with a second metallurgical release from core sampling expected in Q3.   

 

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.

 

A virtual site tour and 3D model of Black Pine property, including details about the geology and mineralization, is available on the homepage of the Company’s website, www.libertygold.ca.

 

A Technical Report is also available on the Company website:

 https://libertygold.ca/images/pdf/BlackPine_NI43-101_2018.pdf

 

Moira Smith, Ph.D., P.Geo., Vice-President Exploration and Geoscience, Liberty Gold, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using a cut-off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30 and 100% of the reported lengths due to varying drill hole orientations but are typically in the range of 60 to 80% of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re-assayed and completed with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by Atomic Absorption Spectroscopy.  QA/QC for all drill samples consists of the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch. Selected holes are also analyzed for a 51 multi-element geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO 17025:2005 Accredited, with the Elko prep lab listed on the scope of accreditation.

 

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.

 

Posted July 28, 2020

Share this news article

MORE or "UNCATEGORIZED"


Solaris Reports: 1,010m of 0.71% CuEq and 660m of 0.97% CuEq From Surface, Major Expansion of Warintza Central

Solaris Resources Inc. (TSX-V: SLS) is pleased to report assay re... READ MORE

September 28, 2020

Irving Resources Signs Definitive Agreement for Option to Acquire the Historic Yamagano Mining License

Irving Resources Inc. (CSE:IRV) is pleased to announce it has sig... READ MORE

September 28, 2020

Great Bear Drills Wide Shallow Gold Intervals at LP Fault: 3.22 g/t Gold Over 63.60 m and 4.61 g/t Gold Over 39.80 m in Same Drill Hole

Great Bear Resources Ltd. (TSX-V: GBR) (OTCQX: GTBAF) reported re... READ MORE

September 28, 2020

QuestEx Gold & Copper Announces Closing of Oversubscribed Private Placement and Appointment of New Technical Advisors

QUESTEX GOLD & COPPER LTD.(TSX-V: QEX)formerly Co... READ MORE

September 28, 2020

GR Silver Mining Announces a Significant Underground Discovery of Polymetallic Mineralization at the Plomosas Silver Project

5.4 m@ 1,313 g/t AgEq1 including1.0 m@ 4,204 g/... READ MORE

September 28, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions