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Liberty Gold Reports Additional Drill Results at the Black Pine Oxide Gold Project, Idaho

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Liberty Gold Reports Additional Drill Results at the Black Pine Oxide Gold Project, Idaho

 

 

 

 

 

0.42 g/t Au over 68.6 m including 1.08 g/t Au over 3.0 m at Back Range Zone

0.50 g/t Au over 32.0 m including 1.26 g/t Au over 3.0 m at Rangefront Zone

0.63 g/t Au over 18.3 m including 1.24 g/t Au over 6.1 m at M Zone

 

Liberty Gold Corp. (TSX:LGD) (OTCQX:LGDTF) is pleased to report additional assay results from the reverse circulation exploration drill program at its Black Pine Oxide Gold Project in southeastern Idaho. Results released herein are from 39 drill holes, located in the Back Range Zone, Rangefront Zone and M Zone areas.

 

Jason Attew, President and CEO of Liberty Gold commented, “We are very pleased with these assay results as they highlight the size and continuity of the oxide gold mineralizing system at Black Pine and confirm our views on tremendous growth potential for the deposit. We are further encouraged as the majority of these holes demonstrate mineralization at or near surface which was consistent with the design of our 2023 drilling program. These results should have a positive impact on the economics of the pending pre-feasibility study in 2024.”

 

BACK RANGE ZONE HIGHLIGHTS:

 

Drill results from 16 additional RC drill holes completed in the Back Range Zone have been received with results confirming the known mineralization and opening up potential new zones of mineralization to the north and west. Notably a thick zone of mineralization defined by hole LBP1005 begins at surface and extends down to 100 metres depth. This is the northernmost hole drilled in the Back Range Zone and this new zone of mineralization is open for extension and expansion through additional drill testing in 2024.

 

Figure 1: Back Range Zone and M Zone Drill Hole Locations

 

 

BACK RANGE ZONE DRILL HIGHLIGHT TABLE*

 

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off
           
LBP972 (140, -45) 57.9 74.7 16.8 0.42 0.15
           
LBP993 (268, -70) 9.1 30.5 21.3 0.41 0.15
including 24.4 25.9 1.5 2.23 1.00
and 149.4 161.5 12.2 0.66 0.15
including 158.5 160.0 1.5 3.11 1.00
           
LBP1005 (15, -45) 0.0 68.6 68.6 0.42 0.15
including 9.1 12.2 3.0 1.08 1.00
and 76.2 108.2 32.0 0.37 0.15
including 100.6 102.1 1.5 1.26 1.00

 

* Results are reported as drilled thicknesses, with true thicknesses approximately 50% to 90% of drilled thickness. Some intercepts have zones of reduced cyanide solubility, please refer to the full table at the link above for complete results. Gold grades are uncapped. Au (g/t) = grams per tonne of gold.

 

RANGEFRONT ZONE HIGHLIGHTS:

 

Drill results from 15 additional RC drill holes completed in the Rangefront Zone have been received with results confirming that the newly discovered extension to high-grade mineralization shows strong lateral continuity over a large area. These in-fill holes were drilled to convert currently classified inferred resource blocks to indicated resource blocks and to further define the thick, near surface zones of oxide gold mineralization discovered on the eastern margin of the Rangefront Zone earlier in the year (see press release dated September 7, 2023). This area remains open and is a key target for the next phase of resource expansion drilling in 2024.

 

Figure 2: Rangefront Zone Drill Hole Locations

 

 

RANGEFRONT ZONE DRILL HIGHLIGHT TABLE*

 

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off
           
LBP964 (230, -75) 61.0 100.6 39.6 0.40 0.15
including 74.7 76.2 1.5 1.34 1.00
and 160.0 199.6 39.6 0.39 0.15
including 189.0 192.0 3.0 1.33 1.00
           
LBP970 (285, -45) 80.8 128.0 47.2 0.37 0.15
including 85.3 88.4 3.0 1.09 1.00
and 146.3 176.8 30.5 0.29 0.15
and 181.4 228.6 47.2 0.44
including 216.4 217.9 1.5 1.28 1.00
           
LBP981 (120, -50) 35.1 86.9 51.8 0.40 0.15
including 44.2 48.8 4.6 1.16 1.00
and 172.2 190.5 18.3 0.29 0.15
           
LBP986 (175, -47) 57.9 89.9 32.0 0.50 0.15
including 74.7 77.7 3.0 1.26 1.00
and 169.2 190.5 21.3 0.28 0.15
and 193.5 248.4 54.9 0.25
and 266.7 277.4 10.7 0.30
           
LBP1007 (50, -45) 80.8 115.8 35.1 0.48 0.15
including 91.4 93.0 1.5 2.23 1.00

* Results are reported as drilled thicknesses, with true thicknesses approximately 50% to 90% of drilled thickness. Some intercepts have zones of reduced cyanide solubility, please refer to the full table at the link above for complete results. Gold grades are uncapped. Au (g/t) = grams per tonne of gold.

 

M ZONE HIGHLIGHTS:

 

Drill results for an additional 8 holes drilled in the M Zone have been received. Holes were drilled for infill/resource conversion and to expand mineralization adjacent to the two new discoveries made in the M Zone earlier in the year (see press release dated February 21, 2023); two holes were drilled as RC pre-collars for metallurgical core holes. These results now confirm that the M  Zone mineralization has a minimum footprint of 800 m long by 400 m wide and remains open to the north and west. Mineralization continues to exhibit gold grades above the resource average, which combined with its location close to a preferred site for a future heap leach pad, make the M Zone a strong candidate for early metal production in a future oxide gold mining operation. For a map showing the location of M Zone Drill Hole Highlights, refer to Figure 1 above.

 

M ZONE DRILL HIGHLIGHT TABLE*

 

Hole ID (Az, Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Au Cut-Off
           
LBP974 (190, -55) 77.7 85.3 7.6 0.41 0.15
including 80.8 82.3 1.5 1.23 1.00
and 150.9 161.5 10.7 1.14 0.15
including 153.9 157.0 3.0 2.75 1.00
including 158.5 160.0 1.5 1.45
and 164.6 170.7 6.1 0.17 0.15
           
LBP982 (135, -45) 138.7 169.2 30.5 0.62 0.15
including 161.5 163.1 1.5 1.23 1.00
including 166.1 167.6 1.5 1.14
           
LBP987 (140, -55) 100.6 103.6 3.0 0.90 0.15
including 102.1 103.6 1.5 1.46 1.00
and 114.3 132.6 18.3 0.63 0.15
including 114.3 120.4 6.1 1.24 1.00
           
LBP995 (310, -55) 13.7 91.4 77.7 0.24 0.15

 

* Results are reported as drilled thicknesses, with true thicknesses approximately 50% to 90% of drilled thickness. Some intercepts have zones of reduced cyanide solubility, please refer to the full table at the link above for complete results. Gold grades are uncapped. Au (g/t) = grams per tonne of gold.

 

For the maps and cross sections showing locations of drill holes in this release click here:
http://ml.globenewswire.com/Resource/Download/508d0180-edfb-4107-9d5d-a83b6e909452

 

For a table showing complete drill results for the current release click here:
http://ml.globenewswire.com/Resource/Download/4192bdac-d161-4379-8969-1c17d57c083c

 

QUALIFIED PERSON

 

Peter Shabestari, P.Geo., Vice-President Exploration, 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.

 

ABOUT LIBERTY GOLD

 

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.  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.

 

Posted October 31, 2023

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