Invest-in-America
2 years ago
LGDTF: Their (After Hrs.) news of 8-12-22 (Frid.) might send this UP somewhat. But, was it really 'GOOD' news, per se??
https://www.globenewswire.com/news-release/2022/08/12/2497833/0/en/Liberty-Gold-Reports-Q2-2022-Financial-and-Operating-Results.html
Seems to be an ethically-DRIVEN mining Company; what with their recent, "2022 Environmental Excellence Award from the State of Utah", inter alia. However, saw nothing in their PR about monster new REVS., let alone PROFITS. Nevertheless, their (OTC) 'Share Structure' looks VERY reasonable.
douginil
3 years ago
Liberty Gold Drills Near-Surface Oxide Gold in the Main Zone, Goldstrike Deposit, Utah
Nov 18, 2021
- PGS 796: 0.82 g/t Au over 56.4 m, including 2.48 g/t Au over 10.7 m
- PGS 787: 0.75 g/t Au over 44.2 m
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the "Company") is pleased to announce additional results from its 2021 Reverse Circulation (“RC”) drill program targeting the Main Zone, which includes 10 drill holes in the Hassayampa Pit area and 13 drill holes in the Hamburg Pit area at the Goldstrike Oxide Gold Project in Utah (“Goldstrike”).
Drilling in the Hassayampa Pit also encountered high gold grades in pit backfill at surface, currently modelled as waste rock, including 1.14 grams per tonne gold (“g/t Au”) over 15.2 meters (“m”) PGS 794 and 1.16 g/t Au over 7.6 m in PGS 797.
Read more at:
https://mailchi.mp/25e665017fef/liberty-gold-drills-near-surface-oxide-gold-in-the-main-zone-goldstrike-deposit-utah?e=a03de81cdb
douginil
3 years ago
Liberty Gold Drilling Extends the Discovery Zone in Two Directions, Two Rigs Now Targeting Rangefront D-4 Discovery - Black Pine Oxide Gold Deposit, Idaho
October 7, 2021
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold†or the “Companyâ€) is pleased to announce additional results from the 2021 Reverse Circulation (“RCâ€) drill program from its Black Pine Oxide Gold deposit in southeastern Idaho (“Black Pineâ€). Additionally, the Company is pleased to announce the receipt of C$11.0 million in cash since June 30, 2021, from the exercise of 18.5 million C$0.60 share purchase warrants which expired on October 2, 2021. Liberty Gold has no remaining share purchase warrants outstanding.
The 70,000 metre (“mâ€) RC drill program at Black Pine in 2021 has several objectives, including: step-out drilling to extend the known zones of mineralization which all remain open for expansion; resource upgrade drilling; and the testing of new target areas with the goal to define new high-grade discoveries such as the recent D-4 discovery at Rangefront. Results from step-out and resource upgrade drilling in the Discovery Zone, E Zone and Tallman North areas are presented in this news release.
Following the D-4 discovery at Rangefront, which includes 0.91 grams per tonne gold (“g/t Auâ€) over 86.9 m and 2.03 g/t Au over 21.3 m in LBP356 (see September 1, 2021 press release), two drill rigs have been mobilized to this area and results from over a dozen holes are pending. The drills are testing between the two Rangefront Deposit pits, near the southern portion of the historical heap leach pad and stepping out from the D-4 high grade oxide gold discovery. Given the large size and the low elevation of the Rangefront D-4 discovery, budgeting is underway for a winter drill program. A third rig continues the resource upgrade and step-out drilling program in the Discovery Zone and a core rig is on-site conducting geotechnical drilling and initiating phase 4 metallurgy testing, including in the D-4 Rangefront area.
douginil
3 years ago
Liberty Gold Announces First 2021 Drill Results for the Goldstrike Oxide Gold Deposit, Utah - Great Basin, USA
Sept 8, 2021
PGS 754: 3.60 g/t Au over 15.2 m including 7.75 g/t Au over 6.1 m
PGS 753: 1.19 g/t Au over 39.6 m including 1.89 g/t Au over 10.7 m
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the "Company") is pleased to announce the first results of the 2021 Reverse Circulation (“RC”) drill program at the Goldstrike Oxide Gold Project in southwestern Utah (“Goldstrike”).
A 15,000 metre (“m”) RC drill program at Goldstrike commenced June 2021, focused on resource conversion from inferred to indicated and testing areas where the deposit remains open laterally and to depth. Drill results in this release include 17 holes for 2,216 m, drilled in two areas: the historic Hamburg Pit, part of the Main Zone where the majority of the gold ounces discovered to date are located; and the Beavertail deposit located to the southwest.
Cal Everett, President and CEO of Liberty Gold stated, “Today’s drill results continue to demonstrate that Goldstrike remains a high-quality PEA stage development project with upside, and compelling economic returns at current gold prices. Although our primary focus has been on advancing Black Pine for the last two years, we have returned to Goldstrike this year with a modest budget to continue de-risking the project in parallel with Black Pine. These early drill results indicate progress towards our goal of converting inferred blocks to indicated and provide potential to increase the grade in some parts of the resource.”
HIGHLIGHTS
Drill results confirm and extend upon the previous resource, consistently returning intercepts of shallow (0-100 m), high-grade mineralization, particularly in areas down-dip on fault zones, which remained open following previous drill programs.
- Main Zone – Hamburg Pit results include:
- - PGS 748: 2.09 grams per tonne (“g/t”) gold (“Au”) over 22.9 m, including 4.36 g/t Au over 9.1m
- - PGS 754: 3.60 g/t Au over 15.2 m, including 7.75 g/t Au over 6.1 m
- - PGS 753: 1.19 g/t Au over 39.6 m including 1.89 g/t Au over 10.7 m
- Beavertail, results include:
- - PGS 739: 1.02 g/t Au over 12.2 m, including 6.01 g/t Au over 1.5 m
- Down-dip and lateral extensions to oxide gold mineralization have been identified in both the Hamburg and Beavertail areas.
- Based on results to date, trenching of surficial deposits, additional metallurgical drilling and testing, and initiation of baseline studies have been approved for execution this year, to further advance the project.
- Drilling continues in Main Zone with a primary focus on in-fill with the testing of one new target on the north side of the deposit.
Read more at:
https://libertygold.ca/news/news/18-2021-news/385-liberty-gold-announces-first-2021-drill-results-for-the-goldstrike-oxide-gold-deposit,-utah-great-basin,-usa.html
douginil
3 years ago
Liberty Gold Announces D-4 Discovery at Rangefront, Black Pine Oxide Gold Deposit, Idaho
- LBP356: 0.91 g/t Au over 86.9 m and 2.03 g/t over 21.3 m
- LBP358: 1.23 g/t Au over 24.4 m and 1.37 g/t Au over 50.3 m
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the new D-4 gold discovery at the Rangefront target on its Black Pine Oxide Gold deposit in southeastern Idaho (“Black Pine”), confirmed with the release of the first tranche of 2021 Reverse Circulation drill results.
D-4 discovery drill holes LBP356 and LBP358 were drilled from the first site established in the new permit area targeting a 1,250 metre (“m”) gap in drilling along the four kilometre (“km”) long dominant mineralization trend at Black Pine. This large gap between two mineralized areas had seen no previous drilling due to the presence of shallow sandstone cover rocks that overlie the gold-host carbonate rocks. The two +100 gram-metre oxide gold intercepts are spaced approximately 100 m apart and are characteristic of other high grade oxide gold zones across the property.
Cal Everett, President and CEO of Liberty Gold stated, “D-4 at Rangefront represents another game-changing discovery for Black Pine in a completely untested area of the property. With mineralization in the Discovery Zone trending southeast under sandstone cover, we believed the Rangefront area had potential to host the faulted-off, southern extension of the Black Pine gold system. While it is still early days, with the high-grade intervals in LBP356 and LBP358 and mineralization over a 400 m down-hole interval in LBP349, we have proof of concept that significant gold mineralization exists in the D-4 area. We are now aggressively drilling at D-4 and expect to continue through the remainder of the 2021 drill season. The D-4 discovery, along with new frontier discoveries at Rangefront Southwest and Upper F Zone also released today, continues to demonstrate the large-scale and robust nature of the oxide gold system at Black Pine, which remains relatively untested after only two years of concentrated drilling in the Discovery Zone.”
Read more at:
https://libertygold.ca/news/news/18-2021-news/384-liberty-gold-announces-d-4-discovery-at-rangefront,-black-pine-oxide-gold-deposit,-idaho.html
douginil
3 years ago
Liberty Gold Receives US$6 million Payment for the Sale of Halilaga - Turkey
August 13, 2021
Reports Q2 2021 Financial and Operating Results
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”) is pleased to announce the receipt of the second US$6.0 million payment as part of the consideration for the sale of its 40% interest in the Halilaga copper gold porphyry deposit (“Halilaga”), located in Biga Province, northwest Turkey to Cengiz Holdings A.?. (the “Halilaga Sale Agreement”). Liberty Gold has received US$16.0 million to-date from the sale of Halilaga with a further US$6.0 million due to be received on August 11, 2022, and subject to a bank guarantee.
Additionally, from January 1, 2021, to the date of this news release, the Company received a total of C$2.16 million from the exercise of 3,594,300 Liberty Gold common shares purchase warrants (“Warrants”), issued pursuant to the bought deal financing that closed on October 2, 2018; the Warrants are each exercisable for C$0.60 and expire on October 2, 2021. If all remaining October 2018 warrants are exercised, Liberty Gold will receive a total of C$10.5 million in cash proceeds to further strengthen its treasury.
The Halilaga divestiture is consistent with Liberty Gold’s strategy of re-deploying capital from non-core assets into the high-quality oxide-gold projects in the Great Basin, USA. The Company has US$15.3 million in cash as of June 30, 2021, has received US$6.0 million on August 11, 2021, and expects a further US$8.4 million in proceeds by the end of 2021. We remain well funded to complete our 2021 exploration programs and end the year with a strong treasury to continue advancing the Black Pine and Goldstrike projects in 2022.
HIGHLIGHTS FOR Q2 2021 Financial and Operating Results:
- At Black Pine we announced the first modern mineral resource estimate (the “Mineral Resource”):
- - The Mineral Resource has an effective date of May 1, 2021, is reported in a pit shell at a cut-off grade of 0.20 grams per tonne (“g/t”) gold (“Au”) and consists of:
- - - An indicated mineral resource of 1,715,000 ounces of gold at an average grade of 0.51 g/t Au and contained in 105,075,000 tonnes; and
- - - An inferred mineral resource of 370,000 ounces of gold at an average grade of 0.37 g/t Au and contained in 31,211,000 tonnes.
- - A high-grade subset of the Mineral Resource using a cut-off grade of 0.5 g/t Au consists of:
- - - An indicated mineral resource of 1,020,000 ounces of gold at an average grade of 1.04 g/t Au and contained in 30,520,000 tonnes; and
- - - An inferred mineral resource of 134,000 ounces of gold at an average grade of 0.94 g/t Au and contained in 4,440,000 tonnes.
- On-going 2021 drill program at Black Pine targeting step-out drilling on all of the resource zones; upgrading inferred portions of the resource to indicated for use in further economic studies; and discovery drilling throughout the 12 km2 permitted drill area.
- Commenced Preliminary Economic Assessment at Black Pine.
- A 15,000 m RC drill program at Goldstrike began in May with a goal to convert inferred gold ounces as classified in the current resource estimate to indicated.
- We appointed a new Chief Operating Officer, Jonathan Gilligan, a senior mining executive with over 35-years of multi-commodity, international experience across technical services, capital projects, open pit mine construction and operations.
- We appointed a new Vice President Business Development, Brian Martin, a mining finance professional with over 13 years of experience in mergers and acquisitions, corporate strategy, investor relations and capital markets.
- At TV Tower we announced maiden resource estimates for five gold and copper deposits5 more than tripling the resource endowment.
https://mailchi.mp/573fca6975b8/liberty-gold-receives-us6-million-payment-for-the-sale-of-halilaa-turkey?e=a03de81cdb
douginil
3 years ago
Liberty Gold Announces First Resource Estimate for the Black Pine Oxide Gold Deposit, Idaho
1,715,000 Indicated and 370,000 Inferred Gold Ounces
July 13, 2021
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the first modern independent resource estimate at its Black Pine Oxide Gold deposit in southeastern Idaho (the “Mineral Resource”). This resource estimate crystallizes the results from two years of drilling and is a strong initial foundation on which to layer our upcoming Preliminary Economic Assessment (“PEA”) and ongoing successful expansion drilling program. It is one of Liberty Gold’s two advanced-staged, Carlin-style oxide gold development projects in the Great Basin, USA.
The Mineral Resource has an effective date of May 1, 2021, is reported in a pit shell at a cut-off grade of 0.20 grams per tonne (“g/t”) gold (“Au”) and consists of:
- An indicated mineral resource of 1,715,000 ounces of gold at an average grade of 0.51 g/t Au and totalling 105,075,000 tonnes; and
- An inferred mineral resource of 370,000 ounces of gold at an average grade of 0.37 g/t Au and totalling 31,211,000 tonnes.
- A high-grade subset of the Mineral Resource using a cut-off grade of 0.5 g/t Au consists of:
- - An indicated mineral resource of 1,020,000 ounces of gold at an average grade of 1.04 g/t Au and totalling 30,520,000 tonnes; and
- - An inferred mineral resource of 134,000 ounces of gold at an average grade of 0.94 g/t Au and totalling 4,440,000 tonnes.
Seventy-four percent of the resource ounces are located in the Discovery Zone, centered on the high-grade oxide gold D-1, D-2 and D-3 discoveries. In this area in particular, a higher-grade 0.5 g/t Au cut-off resource subset of approximately 1 g/t Au will be material to enhancing project economics for the upcoming PEA. In addition, Liberty Gold’s 2021 exploration program is focused on drilling this area to extend the current pit constrained resource outward in four directions, and upgrade Inferred resource to Indicated for use in future economic studies.
Liberty Gold’s drilling in the Discovery Zone has added significant new high-grade ounces around historic mining and exploration. This initial resource estimate also includes seven additional zones outside the Discovery Zone that have not yet been subject to a similar concentrated drill program by Liberty Gold. These resource areas are largely comprised of historical drilling, and most are open to extension in all directions and to depth. These zones provide further evidence that Black Pine is a large, district-scale mineralised system over a 14 square kilometre (“km2”) area. Some of these areas have the potential to link together into larger pits or in some instances join the Discovery Zone.
Cal Everett, President and CEO of Liberty Gold stated, “We are thrilled to release a significant first resource estimate for our flagship Black Pine Oxide Gold Deposit, a tremendous accomplishment over such a short, two-year period. This resource estimate is a major catalyst for Liberty Gold, as we advance Black Pine toward a modern, low-cost, large-scale, multi-million-ounce heap-leach project. Importantly, over half of the Black Pine deposit averages 1.0 grams per tonne of gold and with minimal royalty burden overall, should drive strong economics, to be outlined with the release of the upcoming PEA. Coupled with Goldstrike, our second oxide gold project located in southwestern Utah, Liberty Gold is in a unique position to have two development-stage oxide gold projects in a favorable jurisdiction.
“Black Pine is one of the few oxidized Carlin-style deposits of this size and scale remaining in the Great Basin. The ultimate gold endowment at Black Pine remains unknown, given the 14 km2, drill-confirmed scale of the system to date, of which only a small portion is covered in this first resource estimate.”
- Eighty-eight percent of the ounces in the Discovery Zone are in the indicated category. The Discovery Zone resource pit includes 93 million tonnes of ore and 224 million tonnes of waste at a 0.20 g/t cut-off, which equates to a stripping ratio of 2.4:1.
- To date, Liberty Gold has expended approximately US$18 million dollars on the project, including acquisition costs, or approximately US$9 per resource ounce of gold.
- A PEA based on this Mineral Resource is currently on track for delivery in Q3.
Read more & view tables and graphics at:
https://mailchi.mp/c07f5d5fd6ba/liberty-gold-announces-first-resource-estimate-for-the-black-pine-oxide-gold-deposit-idaho?e=a03de81cdb
douginil
4 years ago
Liberty Gold Files Technical Report on SEDAR for Resource Estimate at TV Tower, Western Turkey
May 18, 2021
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the "Company") is pleased to announce that further to its news release dated April 6, 2021, the Company has filed on SEDAR a National Instrument (“NI”) 43-101 Technical Report for the TV Tower Property, Western Turkey.
The NI 43-101 Technical Report is entitled “Updated Technical Report and Resource Estimate, TV Tower Property, Çanakkale, Western Turkey”, effective February 9, 2021 and signed May 18, 2021 (the “Technical Report”). The Technical Report was authored by independent Qualified Persons and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
The Technical Report is available under the Company’s profile at www.sedar.com and will also be available on the Company’s website at www.libertygold.ca.
The TV Tower Property is located in the Biga Peninsula, home to numerous epithermal gold and silver and gold-copper porphyry deposits, mines and development projects. The project is road accessible year-round and close to power generation facilities and deep-water ports. The Technical Report details maiden resource estimates on five deposits comprising gold-copper porphyry, high sulphidation epithermal gold oxide and supergene copper mineralization.
Read at:
https://us13.campaign-archive.com/?e=a03de81cdb&u=b3074967b91ae4ccb283899ea&id=42dc999a1f
douginil
4 years ago
Liberty Gold Announces Final 2020 Results from Metallurgical Core Drilling at Black Pine, Idaho: 0.77 g/t Au over 10.8 m and 1.23 g/t Au over 24.1 m and 0.75 g/t over 21.5 m in LBP231C
April 26, 2021
Black Pine First Resource Estimate and PEA Initiated
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold†or the “Companyâ€) is pleased to announce drill results from the five final metallurgical diamond drill holes at its Carlin-style Black Pine oxide gold property (“Black Pineâ€) in southern Idaho, USA. These holes complete the 2020 core drilling program, composed primarily of large diameter holes to be used for metallurgical column testing. Significant oxide gold intercepts were obtained from the D-2, D-3, and historical CD Pit and E Pit areas. Drilling in the vicinity of the historic pits will significantly expand the scope of metallurgical column testing at Black Pine.Â
“We are happy to have all the results in from our 2020 core drilling program, so that we can proceed with the rest of our Phase 3 metallurgical testing,†commented Cal Everett, President and CEO of Liberty Gold. “The first modern resource estimate at Black Pine is in process and a preliminary economic assessment (“PEAâ€) has been initiated concurrently, in order to accelerate our development timeline. Our objective is to fast-track Black Pine with key deliverables forthcoming by mid-year.â€
KEY POINTS:
- Core holes in the D-2 and D-3 zones complete the metallurgical drilling in the Discovery Focus Area. Forty-three new column tests will be completed, which will inform a Prefeasibility decision in Q3, 2021.
- Core holes in the E Pit and CD Pit areas represent the first core drilling in these areas and will add to the geographical distribution of composites critical to characterizing the overall metallurgical variability of the Black Pine gold system.
- Cyanide-soluble assays for the highlight intervals (as reported in the table above) in LBP231C returned weighted averages of 92% and 72% of fire assay. The highlight intervals in LBP242C returned weighted averages of 88% and 89% of fire assay, both attesting to the thoroughly oxidized nature of gold mineralization.
- Composites from the holes in this press release will be added to those already in the lab undergoing metallurgical column testing at KCA Laboratory, Reno, Nevada.
- Mine Development Associates, a division of RESPEC Company LLC. in Reno, Nevada, has been retained for the resource estimate. SLR Consulting Ltd. (“SLRâ€) of Toronto, Ontario, will audit the resource.
- SLR is the lead consulting group for the PEA, with contributions from Golder Associates Inc., KCA, Stantec Inc. and other consultants.
Read more & view graphics & data tables at:
https://us13.campaign-archive.com/?e=a03de81cdb&u=b3074967b91ae4ccb283899ea&id=3c03bbaa6c
douginil
4 years ago
Liberty Gold Reports Q4 2020 Financial and Operating Results
Fri, Mar 26, 2021
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the "Company"), is pleased to announce its financial and operating results for the year ended December 31, 2020. All amounts are presented in United States dollars (“USDâ€) unless otherwise stated.
Liberty Gold is focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly jurisdiction that is home to large-scale oxide gold systems ideal for open-pit heap leach mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho. The Company has a proven track-record in discovery and building value in this region.
HIGHLIGHTS FROM 2020 AND SUBSEQUENT EVENTS:
We have monetized a number of our non-core assets through sale or option1:
- HalilaÄŸa: We closed the sale of the HalilaÄŸa porphyry copper gold deposit in Turkey and received the first of the three staged payments of $6.0 million. A further two $6.0 million installments are bank guaranteed and will be received on August 15, 2021 and August 15, 2022, respectively.
- Kinsley: We received 8,844,124 common shares in New Placer Dome Gold Corp (TSXV:NGLD) (“New Placer Domeâ€) and $1.25 million as the initial option payment, on the option of the Kinsley Mountain gold deposit (“Kinsleyâ€). Under the terms of the option agreement, a further $2.5 million is expected in June 2021, and a further $2.5 million in common shares of New Placer Dome is expected in June 2022.
- Baxter Spring: Pursuant to a purchase-option agreement, we received $0.25 million in cash and 14,986,890 common shares in Huntsman Exploration Inc. (TSXV:HMAN) (“Huntsmanâ€) equal to 19.5% of the issued and outstanding shares in Huntsman. A further $250,000 is due on November 12, 2021.
- Regent: In March 2020, we sold our 15% net profit interest (“NPIâ€) in the Regent property in Nevada to Ely Gold Royalties Inc. (TSXV:ELY) (“Elyâ€) for a total consideration of $0.80 million and 2,000,000 warrants to purchase common shares in Ely (“Ely Warrantsâ€). The Ely Warrants are each exercisable for C$0.43 and expire on December 18, 2021.
- Portfolio Properties: On March 3, 2021 we closed the sale of three of our 100% owned portfolio properties, consisting of Anchor, Stateline and Sandy, as well as three of our 49% owned properties (Brik, Easter and Viper), to Raindrop Ventures Inc. (CSE:RAYN) (“Raindropâ€) for a total consideration of $0.05 million and 4,013,406 common shares of Raindrop, representing 9.9% of Raindrop’s issued and outstanding common shares. We retained a 1.5% net smelter return (“NSRâ€) on Anchor, Stateline and Sandy.
We have received a total of C$8.1 million from the exercise of all 12,469,212 Liberty Gold common share purchase warrants (“Warrantsâ€) issued pursuant to the bought deal financing that closed on January 26, 2018; the Warrants were each exercisable for C$0.652. C$5.05 million was received during 2020, and C$2.8 million received during 2021.
At Black Pine we:
- Increased our strategic land holding by staking 201 new claims covering a total of 16.5 square kilometres (“km2â€), increasing the size of the core claim block as well as adding a new area to the west of the original claims for a total of 47.8 km2.3
- Received approval of an amendment to our Plan of Operations allowing us to access to an additional 4.6 km2 including key strategic drill targets, as well as an easement to a water well.4
- Reported weighted average 82.1% gold extraction in phase 2 of metallurgical column testing, with a range up to 94.5% gold extraction.5
- Discovered or confirmed six new mineralised zones. The most significant new discovery is the D-3 zone, situated immediately west of and under the D-1 zone.
Read more & view tables at:
https://libertygold.ca/images/news/2021/March/21-05_Q4_2020_Financials_FINAL.pdf
douginil
4 years ago
Liberty Gold Announces Final Results from Reverse Circulation Drilling at Black Pine, Idaho:
- 4.34 g/t Oxide Gold over 22.9 m including
- 10.8 g/t Au over 6.1 m in LBP258;
- 1.14 g/t Oxide Gold over 44.2 m in LBP259
Maiden Resource Estimate Underway
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold†or the “Companyâ€) is pleased to announce drill results from the remaining 35 Reverse Circulation (“RCâ€) drill holes at its Carlin-style Black Pine oxide gold property (“Black Pineâ€) in southern Idaho, USA. Significant oxide gold intercepts were obtained from the D-2, D-3, D-1 Southeast Extension, M Zone and Rangefront Zone. With the completion of assaying from the 2020 drill program, work has commenced on a maiden mineral resource estimate, with completion expected in Q2, 2021. The resource estimate will be carried out by RESPEC Company LLC (formerly Mine Development Associates Inc.) of Reno, Nevada, with an audit by SLR Consulting Ltd. (formerly RPA Inc.) of Toronto, Ontario.
“We are happy to finalize all of the RC drilling from the 2020 program, which was highly successful by any measure,†commented Cal Everett, President and CEO of Liberty Gold. “The 2020 program resulted in a significant new discovery at the D-3 zone, and virtually all of the regional targets returned mineralized intercepts. With the results in, we have begun work on a long-anticipated resource estimate, a major milestone on the road to advancing Black Pine as a development project.â€
For a map and cross sections of the Black Pine Property, including drill collars and traces for the current release, please click here:Â https://libertygold.ca/images/news/2021/March/BlackPine_NR03242021MapandCS.pdf
For a complete table of drill results from all Liberty Gold drill holes at Black Pine, please click here:Â https://libertygold.ca/images/news/2021/March/BP_Intercepts03242021.pdf
...
...
OTC Markets Group Welcomes Liberty Gold to OTCQX
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Liberty Gold, has qualified to trade on the OTCQX® Best Market. Liberty Gold upgraded to OTCQX from the Pink® market.
Liberty Gold begins trading today on OTCQX under the symbol “LGDTFâ€. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Read the complete PR & view some tables and graphics at:
https://libertygold.ca/images/news/2021/March/21-04_Black_Pine_Final_RC_Assays_FINAL.pdf
douginil
4 years ago
Liberty Gold Announces Approval of Plan of Operations Amendment, Black Pine Project, Great Basin, USA
February 18, 2021
Permit Amendment adds an Additional 4.6 km2 to the Project Area, Amalgamating and Increasing Access to 11.9 km2 of High Priority Drill Targets
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold†or the “Companyâ€) is pleased to announce the receipt of approval of an amendment to its Plan of Operations at the Black Pine Project. Located in southern Idaho, Black Pine is a past-producing, run-of-mine, oxide-heap leach gold mine that contains a large, shallow, district-scale, Carlin-style sedimentary rock-hosted gold system.
The amended Plan of Operations grants Liberty Gold:
- Comprehensive access to an additional 4.6 square kilometers (“km2â€) of an expansive gold system, bringing the total number of km2 under the Plan of Operations to 11.9 km2.Â
- A total of up to 50.7 additional acres of disturbance, bringing the total to 224.8 acres.
- An additional 15.3 miles of new roads, for a total of 56.7 miles.
- An additional 154 drill pads, subject to a staged annual reclamation plan, bringing the total to 596 sites.Â
- Access to a water well that was used for the historic mine operation, which can now be used to support exploration efforts at Black Pine.
- Access to areas between the Rangefront and M Zones to the east and the Discovery Focus Area, F and J zones to the west, linking the entire Black Pine
- Oxide Gold system together on a district scale.
To view a map of the amended Plan of Operations, please click here: https://libertygold.ca/images/sites/default/files/BP_PoO_2021.pdf
Read more & view graphics at:
https://us13.campaign-archive.com/?e=a03de81cdb&u=b3074967b91ae4ccb283899ea&id=0a51eb5660
douginil
4 years ago
Liberty Gold Announces Results from Metallurgical Core Drilling at Black Pine, Idaho
- 3.32 g/t Au over 47.4 m Including 12.5 g/t over 5.8 m in LBP214C
Infill Core Drilling Strengthens Oxide Gold Model and Initiates Phase 3 Metallurgical Testing
January 12, 2021
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold†or the “Companyâ€) is pleased to announce drill results from five large diameter core holes at its Carlin-style Black Pine oxide gold property (“Black Pineâ€) in southern Idaho, USA. An additional five holes are pending.
Highlights include:
- 3.32 grams per tonne (“g/tâ€) gold (“Auâ€) over 47.4 metres (“mâ€), including 12.5 g/t Au over 5.8 m in LBP214C
- 3.62 g/t Au over 8.1 m and 1.27 g/t Au over 54.2 m, including 2.51 g/t Au over 17.0 m in LBP222C
- 1.12 g/t Au over 13.4 m and 3.16 g/t Au over 32.0 m in LBP207C
- 1.44 g/t Au over 16.5 m and 1.36 g/t Au over 15.2 m and 1.23 g/t Au over 7.6 m in LBP197C
The core holes will support Phase 3 metallurgical column testing over a larger area, including the CD and E historic pits, and will encompass more potential ore types than Phase 2 testing. They will also provide a valuable comparison to reverse circulation (“RCâ€) drill holes in the same areas and provide material for specific gravity testing. Included in this release are holes from the D-1 Southeast Extension, D-2 and D-3 mineralized zones in the Discovery Focus Area.
KEY POINTS:
- Large diameter core drilling yielded outstanding results in three zones, including two that were newly identified in 2020.
- The drill core will provide valuable material for metallurgical testing, specific gravity measurements and other testing pursuant to a maiden resource and Preliminary Economic Assessment (“PEAâ€) later in the year.
- Results are similar to those returned in nearby RC holes, providing further validation for using RC drilling.
- Cyanide-soluble assays for the highlight intervals (as reported in the bullet points above) in LBP214C returned weighted averages of 91% and 99% of fire assay. The highlight intervals in LBP222C returned weighted averages of >100%, 94% and 96% of fire assay, both attesting to the thoroughly oxidized nature of gold mineralization.
Read more and view drill core table at:
https://libertygold.ca/images/news/2021/january/21-01_Black_Pine_9th_Assays_Met_Core_FINAL.pdf
trunkmonk
4 years ago
U may be right.
sale of the Halilaga porphyry copper gold deposit in Turkey, and receipt of the first of the three staged payments of $6.0 million. A further two $6.0 million installments are bank guaranteed and will be received on August 15, 2021 and August 15, 2022
Contributing towards Liberty Gold’s cash balance of $16.7 million held as at today’s date, since January 1, 2020
Cash and short-term investments $ 17,496 $ 14,464
Working capital $ 18,235 $ 11,493
Total assets $ 57,644 $ 42,109
Current liabilities $ 5,879 $ 5,403
Non-current liabilities $ 2,405
Shareholders’ equity $ 41,501 $ 26,192
douginil
4 years ago
Liberty Gold Announces Drill Results from Five Regional Targets at Black Pine, Idaho
Oxide Gold Confirmed Over Significant Widths at the F, Rangefront, J and M Zones and Southwest Extension Target
December 22, 2020
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold†or the “Companyâ€) is pleased to announce additional reverse circulation (“RCâ€) drill results from the 2020 regional drill program at its Carlin-style Black Pine oxide gold property (“Black Pineâ€) in southern Idaho, USA.  Regional target drill results confirm the district scale of the Black Pine mineralized system.
Results have been received from the F, Rangefront, J and M zones and Southwest Extension Target, with additional drill holes pending. A total of eight regional drill targets were tested in 2020, with oxide gold encountered in all locations.
During the same time frame, Liberty Gold continued to infill and step out drill in the now-amalgamated D-1, D-2 and D-3 zones in preparation for a maiden resource estimate anticipated for release in late Q1, 2021. The D-1, D-2 and D-3 zones (collectively, the “Discovery Focus Areaâ€) underlie an area of approximately 1.6 square kilometres (“km2â€).
For a map, photo and cross sections of the Black Pine Property, including drill collars and traces for the current release, please click here:
https://libertygold.ca/images/news/2020/december/BlackPine_NR12222020MapandCS.pdf
The map shows the Discovery Focus Area, and its spatial relationship to the drill-confirmed regional gold zones and targets in this release. The M Zone is located 1,000 metres (“mâ€) east, J Zone 300 m   north, F Zone 500 m southwest, Rangefront Zone 2000 m south and Southwest Extension Target 1,500 m southwest of the Discovery Focus Area.Â
 “In addition to our well-established D-1, D-2 and D-3 zones, our drill program continues to demonstrate the widespread nature of gold mineralization surrounding the Black Pine Discovery Focus Area,†commented Cal Everett, President and CEO of Liberty Gold. “We look forward to the release of our Maiden Resource Estimate at Black Pine near the end of Q1 and expect that these regional zones will contribute to it. With a larger drilling program planned for 2021, we hope to expand these regional zones and identify additional areas of mineralization. After receipt of the Maiden Resource Estimate, we plan to advance the property to a Preliminary Economic Assessment.â€
Read more at:
https://libertygold.ca/images/news/2020/december/20-27_Black_Pine_8th_assays_Regional_12222020FINAL.pdf
douginil
4 years ago
Liberty Gold Announces Infill Drill Results In The D-1 and D-3 Zones at Black Pine, Idaho: 1.41 g/t Au over 22.9 m and 1.51 g/t Au over 56.4 m including 2.36 g/t over 24.4 m in LBP206
December 2, 2020
High Cyanide Solubility Results in All Oxide Gold Grade Ranges Confirmed on a Project Scale
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold†or the “Companyâ€) is pleased to announce additional reverse circulation (“RCâ€) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, USA (“Black Pineâ€). Liberty Gold continues to define and expand the D-1 and D-3 zones on 35 to 50 metre (“mâ€) centres and test regional targets in a systematic manner.
A maiden resource estimate for Black Pine is anticipated for late Q-1 or early Q-2, 2021.
“Definition drilling in the D-1 and D-3 zones continues to deliver zones of high-grade oxide gold mineralization and reinforces the concept that the Black Pine mineralized system consists of a series of stacked high grade oxide gold zones separated by a halo of mineralized material above a projected 0.2 gram cut-off grade,†commented Moira Smith, VP Exploration and Geoscience. “The Black Pine oxide gold system covers a 14 square kilometer (“km2â€) area, and where exposed at surface is marked by a 7+ km2, >50 ppb gold-in-soil anomaly which is likely the largest soil anomaly in the Great Basin that does not have a producing mine on itâ€.
Liberty Gold’s third high-grade oxide gold discovery (the “D-3 Zoneâ€) continues to deliver multiple thick intervals of oxide gold mineralization. For example, drill hole LBP206 returned six reportable intervals (>0.2 grams per tonne (“g/tâ€) of gold (“Auâ€)  and >1 gram-metres) from 0 to 327.7 m, aggregating a drilled thickness of 114.4 m of above cut-off gold mineralization and 131.1 gram metres. LBP208 returned six reportable intervals from 4.6 to 368.8 m, aggregating a drilled thickness of 132.7 m of above cut-off gold mineralization and 103.0 gram-metres.
Read more at:
https://libertygold.ca/images/news/2020/december/20-25_Black_Pine_7th_assays_FINAL.pdf
douginil
4 years ago
LIBERTY GOLD REPORTS Q3 2020 FINANCIAL AND OPERATING RESULTS
November 14, 2020
VANCOUVER, B.C. – Liberty Gold Corp. (LGD - TSX) ("Liberty Gold" or the "Company"), is pleased to announce its financial and operating results for the nine months ended September 30, 2020. All amounts are presented in United States dollars (“USDâ€) unless otherwise stated.
Liberty Gold is focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly jurisdiction that is home to large-scale oxide gold systems ideal for open-pit heap leach mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho. The Company has a proven track-record in discovery and building value in this region.
HIGHLIGHTS:
- Liberty Gold announced the closing of the sale of the HalilaÄŸa porphyry copper gold deposit in Turkey, and receipt of the first of the three staged payments of $6.0 million. A further two $6.0 million installments are bank guaranteed and will be received on August 15, 2021 and August 15, 2022 respectively 1.
- Contributing towards Liberty Gold’s cash balance of $16.7 million held as at today’s date, since January 1, 2020, to the date of this release, we have received a total of C$3.4 million and C$1.4 million from the early exercise of Liberty Gold common share purchase warrants (“Warrantsâ€) issued pursuant to the bought deal financings that closed on October 2, 2018 and January 26, 2018, respectively; the Warrants are exercisable for C$0.60 and C$0.65, respectively, for a period of three years from issue.
- In August 2020 we announced the start of a five-hole core drill program at the TV Tower property in Turkey.
- Continuing the monetisation of non-core assets, on November 12, 2020, pursuant to an option agreement on the Baxter Spring gold project (“Baxter Option Agreementâ€), between Liberty Gold and Huntsman Exploration Inc. (TSXV:HMAN, formerly BlueBird Battery Metals Inc.) (“Huntsmanâ€), Liberty Gold received $250,000 in cash and 14,986,890 common shares in Huntsman (“Huntsman Sharesâ€) equal to 19.5% of the issued and outstanding Huntsman Shares2, subject to a 12 month hold period. Pursuant to the Baxter Option Agreement, a final payment of $250,000 is due on November 12, 2021. In addition, Liberty Gold will retain a 2% Net Smelter Royalty and back-in rights to acquire up to a 35% interest in Baxter Spring within three years, upon payment of the sum of $1.0 million to Huntsman. Liberty Gold also retains the right to appoint a member to Huntsman’s board of directors provided minimum share positions are maintained per the terms outlined in the Baxter Option Agreement.
At Black Pine we:
- Reported weighted average 82.9% gold extraction in phase 2 of metallurgical column testing, with a range up to 94.5% gold extraction.3
- Released further results from drilling at the D-1 zone. Highlights include:
-- 1.26 grams per tonne gold (“g/t Auâ€) over 10.7 metres (“mâ€), including 1.59 g/t Au over 7.6 m in LBP176.
-- 1.18 g/t Au over 16.8 m including 1.82 g/t Au over 7.6 m in LBP173.
-- 1.06 g/t Au over 32.0 m including 2.34 g/t Au over 10.7 m in LBP168.
- Continue to intersect high-grade oxide gold in the D-3 zone, discovered in close proximity to the D-1 and D-2 zones and accretive to the overall gold endowment in the Black Pine gold system. Highlights include 4:
-- 0.98 g/t Au over 80.8 m including 2.32 g/t Au over 18.3 m and including 5.60 g/t Au over 3.0 m, and 2.19 g/t Au over 7.6 m including 3.17 g/t Au over 4.6 m in LBP169.
-- 0.86 g/t Au over 9.1 m and 0.82 g/t Au over 33.5 m, including 1.28 g/t Au over 16.8 m in LBP162.
-- 1.50 g/t Au over 27.4 m and 0.62 g/t Au over 7.6 m in LBP203.
-- 1.10 g/t Au over 15.2 m, including 1.63 g/t Au over 7.6 m and 0.70 g/t Au over 44.2 m including 1.77 g/t Au over 3.0 m and 1.68 g/t Au over 4.6 m in LBP165.
Read more at:
https://mailchi.mp/c9becb4e50ed/liberty-gold-reports-q3-2020-financial-and-operating-results?e=a03de81cdb
douginil
4 years ago
Liberty Gold Extends the D-3 Zone to the Southeast: 1.01 g/t Au over 62.5 m, including 1.94 g/t Au over 25.9 m in LBP189 and 1.50 g/t Au over 27.4 m in LBP203
D-3 Zone Extended Eastward Below the D-1 Zone
November 10, 2020
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company”) is pleased to announce additional reverse circulation (“RC”) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, USA (“Black Pine”).Liberty Gold identified nine regional oxide gold targets over a 7.3 square kilometre (“km2”) permit area. To date, six targets have been tested, with assay results received from four, resulting in the D-1 Southeast Extension, D-1 Northwest Extension, D-3, and F Zone discoveries. Results from the M, Southwest Extension, J and CD targets are pending. Liberty Gold continues to define the D-1 and D-3 zones on 35 to 50metre (“m”) centres and test regional targets in a systematic manner.
“The D-3 Zone has grown from a single discovery hole to a well-established oxide gold zone in under 6 months,” said Cal Everett, President and CEO of Liberty Gold. “It now measures 400 m long in a north-south direction and extends at least 250 m in an east-west direction, extending under the historic B Pit and the D-1 Zone. Results continue to support the concept that the Black Pine mineralized system consists of a series of stacked high grade oxide gold zones separated by a halo of mineralized material above a projected 0.2 gram cutoff grade, in the 0.2 to 0.5 grams per tonne of gold (“g/t Au”) range. Definition drilling on tight drill centers will support a maiden, pit-constrained resource estimate to be completed in late Q1, 2021”.
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 is approximately parallel to and lies to the west of and beneath the D-1 Zone in a stratigraphic unit that is modeled to underlie the southern two-thirds of the Black Pine gold system. This stratigraphic unit has only been tested in a few locations to date and is modeled to extend over an approximate 4.5 km2 area that is permitted to dril
Read more at:
https://libertygold.ca/images/news/2020/september/20-23_Black_Pine_6th_assays_FINAL.pdf
douginil
4 years ago
Liberty Gold Extends the D-1 Zone to the Northwest, including 1.02 g/t Au over 24.4 m in LBP179 and 1.18 g/t Au over 16.8 m in LBP173
Drilling Resumes at TV Tower in Turkey, Targeting Columbaz Au-Cu Porphyry
29 September 2020
VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company”) is pleased to announce additional reverse circulation (“RC”) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, USA (“Black Pine”). Liberty Gold identified nine regional oxide gold targets over a 7.3 square kilometre (“km2”) permit area. To date, six targets have been tested, with assay results back from four, resulting in the D-1 Southeast Extension, D-1 Northwest Extension, D-3, and F Zone discoveries.
“We continue to identify additional areas of oxide gold in our regional drilling program at Black Pine, with every target to date returning encouraging results and discoveries,” comments Cal Everett, President and CEO of Liberty Gold. “Following the successful sale of our 40% interest in the Halilaga porphyry gold – copper (“Au-Cu”) deposit in Turkey, Liberty Gold is assessing options with respect to how to crystallize value in our 60% ownership interest in the TV Tower project, located 13 km to the northwest of Halilaga. We are pleased to announce the resumption of drilling at TV Tower after a five-year exploration hiatus. We are testing a large Au-Cu porphyry target last drilled in 2014 which returned 499.1 metres grading 0.36 grams per tonne gold and 0.13% copper*. Core photographs from the first hole are shown in this release, a second hole is in progress. This is a limited budget drill test of a single target.”
Read more at:
https://libertygold.ca/news/2020-news/390-liberty-gold-extends-the-d-1-zone-to-the-northwest,-including-1-02-g-t-au-over-24-4-m-in-lbp179-and-1-18-g-t-au-over-16-8-m-in-lbp173.html
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otclife
4 years ago
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