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News Update


Explorer Discovers High-Grade Gold Oxide Zone at Idaho Asset
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This takes the number of stacked, prospective gold host horizons at Liberty Gold's Black Pine project to three.

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) discovered a third high-grade oxide gold zone, D-3, at its Black Pine project in Idaho, it announced in a news release.

The Vancouver-based company made this discovery in the first results of its 2020 drill program at Black Pine. The new D-3 zone lies near the previously discovered D-1 and D-2 zones and is in a stratigraphic unit that is underneath the host area of D-2's high-grade gold mineralization. In its model, Liberty Gold has this unit underlying the southern two-thirds of the Black Pine gold system.

Hole LBP127, which was sunk to the west of D-1 and D-2, encountered a thick zone of high-grade oxide gold below and laterally next to the historic B pit and showed gold grades exceeding 2 grams per ton (2 g/t).

"The intercept in LBP127 is the ninth best drill hole that Liberty Gold has drilled to date on a top-to-bottom, grade times thickness basis," President and CEO Cal Everett said in the release.

Another hole, LBP129, drilled 215 meters (215m) to the north of D-1 and D-2, returned 1.6 g/t gold over 29m, including 2.09 g/t gold over 19.8m.

The company noted that drilling within D-1 and D-2 confirmed that gold mineralization extended into the 400m long space between D-1's southeast end and the Tallman pit. It also confirmed that oxide gold mineralization exists where D-1 transitions into D-2. Finally, drilling extended the D-1 zone another 40m to the west.

Liberty Gold intends to drill D-3 just as it did D-1 and D-2 and expanded its current exploration program to 46,000 meters from 28,000 meters. It has two rigs dedicated to drilling D-3 and will focus a third, which it has been mobilized to the site, on drilling new targets.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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