| Announcement Date: | 2021-11-23 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Liberty Gold Corp. |
| Project name: | Black Pine |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 29.0m @ 1.01g/t Au from 27.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce results of reverse circulation (“RC”) drilling in the Back Range Zone, which confirm historical results and extend gold mineralization beyond the current Mineral Resource at the Black Pine Oxide Gold Project, southeast Idaho (“Black Pine”). The Back Range Zone was last drilled 30 years ago, and today’s drilling confirms a minimum seven kilometer (“km”) mineralized system in a northwest-southeast direction, which remains open for extension. The Back Range Zone is located approximately 1 km to the northwest of the Discovery Zone. Mineralization in this area is above average grade and is present at shallow depth, potentially offering early heap leach feed in a production scenario. The current resource for the Back Range, based entirely on historical data, is 17,000 indicated ounces (967,000 tonnes grading 0.56 grams per tonne gold (“g/t Au”) and 43,000 inferred ounces (2,481,000 tonnes grading 0.54 g/t Au) in multiple small resource pits. The Back Range Zone remains open in three directions and additional drilling may merge the small pits into a single, larger resource pit. |
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