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TICKERS: LGD

Explorer Confirms Oxide Gold Discovery South of Main Deposit in Utah
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Source:

Findings from the company's continuing efforts to fill in and expand the resource at its flagship project resulted in confirmation of a potential starter pit.

Liberty Gold's Goldstrike Project

Liberty Gold Corp. (LGD:TSX) announced that reverse circulation drilling at Peg Leg, located 250 meters (250m) south of its flagship Goldstrike project in Utah, demonstrated high-grade mineralization over significant widths.

The results confirm "this area to have starter pit potential" and that "oxide gold-bearing feeder structures follow multiple orientations that crosscut the main Goldstrike deposit trend," said President and CEO Cal Everett in a news release.

Some of the assay highlights from Peg Leg are:

  • Hole PGS630: 1.17 grams per ton (1.17 g/ton) Au over 67.1m, including 2.21 g/ton Au over 25.9m
  • Hole PGS631: 0.99 g/ton Au over 51.8m, including 2.45 g/ton Au over 10.7m and 1.84 g/ton Au over 4.6m
  • Hole PGS636: 1.63 g/ton Au over 9.1m and 1.59 g/ton Au over 21.3m

The reverse circulation drill program continues, to fill in and expand the resource and to test new targets and areas previously determined to be waste. "An amendment to the current plan of operations to grant access to another 878-plus acres in and around the resource area is expected in Q4/18," the release indicated.

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Piedmont Lithium Ltd.

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Piedmont Lithium Ltd.