Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: LGD; LGDTF

Explorer with Great Basin Projects Reports Q3/19 Results
News Update

Share on Stocktwits

Source:

The company was active at its two main assets.

Liberty Gold's Goldstrike Project

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) provided a Q3/19 operational and financial update in a news release.

As for its operations, during Q3/19 at Black Pine in Idaho, Liberty Gold expanded on two new discoveries, drilled eight holes there, identified long intervals of high-grade oxide mineralization, launched a core drill program and announced results from an ongoing reverse circulation drill campaign.

At Goldstrike in Utah, the company announced drill results and noted that mineralization in the resource model remains open.

Regarding its finances, during Q3/19 Liberty Gold experienced a loss of $2,931,000, or $0.01 per share.

On Sept. 10, the company completed a bought-deal financing of $12,030,000. As of Sept. 30, 2019, Liberty Gold had $12,960,000 in cash and short-term investments along with $11,887,000 in working capital. Total assets were $40,717,000.

Liberty Gold noted that it is "focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly region that is home to large-scale oxide gold systems ideal for open-pit mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho."

[NLINSERT]

Disclosure:
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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.





Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe