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TICKERS: LGD

Recent Drilling Fills In, Extends Mineralization at Great Basin Project
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This gold explorer remains on track with its 2018 project enhancement goals.

Liberty's Goldstrike Project
This gold explorer remains on track with its 2018 project enhancement goals.

Liberty Gold Corp. (LGD:TSX) announced in a news release more results from the reverse circulation drilling at Goldstrike that it finished on Nov. 1. These data will be incorporated into a preliminary resource estimate, expected in Q1/19.

Some of the highlight assays from Goldstrike's West Main zone include:

  • 0.62 grams per ton (0.62 g/t) Au over 61m, including 1.7 g/t Au over 7.6m (hole PGS635)
  • 1.06 g/t over 16.8m (hole PGS597)
  • 0.97 g/t over 33.5m, including 1.64 g/t over 15.2m (hole PGS595)

Infill drilling in the West Main zone filled the gaps in the higher-grade mineralization corridors, allowing for areas of Inferred resources to be converted to Indicated, according to the company. Stepout drilling extended mineralization to depth and to the west along the west boundary of the preliminary economic assessment (PEA) pit.

Drilling in South Main extended the known higher-grade mineralization another 150m to the west-northwest along the Hamburg Fault feeder structure, the release stated. Drilling also filled in a large inlier southwest of the PEA pit's southern edge. The shallow intercepts likely project to surface in a covered area south of the drill targets.

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