Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: LGD; LGDTF

Explorer Expands, Links Second Zone to First at Gold Project in Idaho
News Update

Source:

The Canadian company reports new results from its 2019 drill campaign.

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) increased the size of the Discovery 2 zone via stepout drilling at its Black Pine Property in southern Idaho, it announced in a news release.

The company expanded Discovery 2 to 600 meters (600m) in the northeast-to-southeast direction, thereby connecting it to the Discovery 1 zone via hole LBP095. Liberty further extended Discovery 2 by up to 400m in the northwest-to-southeast direction. Mineralization in both zones remains open, to the south in Discovery 2 and to the northwest and southeast in Discovery 1.

As for recent reverse circulation drilling at Black Pine, it "continues to return thick, high-grade intervals of Carlin-style oxide gold mineralization," the release noted. Recent assays from 14 reverse circulation holes drilled in Discovery 2 returned gold grades that exceeded 1 gram per ton (1 g/t).

Hole LBP096 returned intercepts of 10.7m of 4.41 g/t gold and 3m of 7.95 g/t gold. LBP086 showed 13.7m of 2.25 g/t gold and 4.6m of 5.49 g/t gold. LBP072 demonstrated 10.7m of 1.96 g/t gold and 3m of 5.45 g/t gold.

In its now complete 2019 drill program, Liberty drilled 87 reverse circulation and six core holes for a total of more than 20,900m. Results from the core holes are pending. "Our 2019 drill program at Black Pine was an unqualified success by any measure," President and CEO Cal Everett said in the release.

"We are now updating the geological model and planning a program for 2020 that is over double the size of 2019's," Everett added. "With mineralization in the Discovery 2 Zone still open to the south, the Discovery 1 Zone open to the northwest and southeast, and a host of other targets to test, we look forward to continued success and the release of a resource estimate in 2020."

Based on the available results to date, Liberty expanded its exploration program at Black Pine to 45,000m and intends to commence its 2020 drill campaign in mid-March.

[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.




Learn More about Which Online Broker is Right for You?

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