| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Liberty Gold Corp. |
| Project name: | Goldstrike |
| Location: | United States |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 50.3m @ 0.61g/t Au from 30.5m |
| 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 the final set of drill results from the 2021 Reverse Circulation (“RC”) drill program at the Goldstrike Oxide Gold Project in southwestern Utah (“Goldstrike”). Results continue to demonstrate the continuity, predictability, and strong mineralized thicknesses of the Goldstrike deposit. Drilling will resume with one RC rig and one core rig in March 2022. Liberty Gold completed 15,574 metres (“m”) of RC drilling in 108 holes at Goldstrike in 2021, primarily to upgrade portions of the resource from Inferred to Indicated for use in future economic and engineering studies. A second objective was to test gaps in the Main Zone mineralization and down-dip extension around the margins of the deposit. All assay data have been received and are being incorporated into an updated mineralization model, and de-risking activities around land, water, engineering, and baseline studies are underway. Drill results in this release include the area around the south, west and north side of the Basin Pit portion of the Main Zone, where a large gap in the drill pattern was tested for the first time. These results indicate the presence of a new zone of oxide |
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