Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) provided in a news release an update on its drill programs in the U.S. and Turkey.
Regarding its U.S. asset, the Black Pine oxide gold project in Idaho, the Vancouver-based explorer reported the most recent results from its 2020 drill program. Holes LBP179 and LBP173 extended the D-1 zone at Black Pine to the northwest; they returned assays including 1.02 grams per ton gold (1.02 g/t Au) over 24.4 meters (24.4m) and 1.18 g/t Au over 16.8m, respectively.
The company noted that D-1 remains open to the northwest, and Liberty Gold plans to drill additional holes over 300m along strike and throughout the area.
"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," President and CEO Cal Everett said in the release.
Regarding its project in Turkey, TV Tower, Liberty Gold recently resumed drilling there after five years of exploration inactivity, focusing on the large, previously drilled Columbaz gold-copper porphyry target. Already the company has drilled one stepout hole there, 150 meters to the north of previous drilled holes, and now is working on a second one. The Columbaz system remains open in all directions.
"Liberty Gold is assessing options with respect to how to crystallize value in our 60% ownership interest in the TV Tower project," Everett added.
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