Announcement Date: 2021-12-06
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. 21.3m @ 2.44g/t Au from 263.7m
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 that the 2021 reverse circulation (“RC”) drilling campaign in the Discovery Zone (“DZ”) at the Black Pine Oxide Gold Deposit (“Black Pine”) was completed at the end of November. The objective of the program is to upgrade inferred resources to indicated to be included in a future prefeasibility study. Assay results confirm the continuity of stacked moderate to high-grade zones of DZ gold mineralization and support or exceed expectations within the targeted inferred blocks. Currently, the DZ represents 78% of the indicated resource and 52% of the inferred resource at Black Pine. Results will also be used to better define the extensive lower grade halo surrounding the high-grade zones for inclusion in future economic studies. The 70,000 metre (“m”) 2021 drill program, together with the Q1-2022 drilling focused entirely on the Rangefront Focus Area, will be included in a new Black Pine mineral resource estimate and Preliminary Economic Assessment (“PEA”) to be released in Q3-2022. Three drills are now defining the limits of this new discovery, covering an initial one square kilometre (“km2” ) target area, with results pending.
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