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TICKERS: LGD; LGDTF

Gold Company Reviews 2019 Highlights
News Update

Source:

The company transacted two major sales of properties in 2019.

Liberty's Goldstrike Project

In a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) recapped its 2019 financial transactions and exploration results.

For the full-year 2019, Liberty Gold posted a loss of $11.583 million, or $0.05 per share. As of March 26, 2020, it has $15 million in cash and anticipates being fully funded for its 2020 exploration work, to start on March 31, 2020.

Regarding the Great Basin explorer's transactions in 2019, from most recent to oldest, in December, it sold its interest in Kinsley Mountain for $7.5 million, an amount it will receive over two years.

In September 2019, Liberty Gold transacted a bought-deal financing for CA$15.8 million.

In another divestment, the Vancouver-based firm and its joint venture partners agreed in July 2019 to sell Halilağa to for $55 million, from which Liberty Gold is to receive $22 million over three years. Accordingly, it already received $5 million. The deal is scheduled to close on Aug. 15, 2020.

Between July and March 26, 2020, the company received CA$3,327,150 and CA$401,375 from the early exercising of Liberty Gold share purchase warrants related to two 2018 bought-deal financings.

In terms of exploration, the company highlighted the results of its 2019 programs at its two core projects.

At Black Pine in Idaho, drilling illuminated two new discoveries. The gold mineralization encountered there returned exceptional grades, such as 4.39 grams per ton (4.39 g/t) over 53.3 meters (53.3m), including 5.76 g/t over 38.1m and 12.05 g/t over 12.2m. Widths also were good. For example, hole LBP067C showed 2.92 g/t gold over 55.9m including 5.64 g/t gold over 22.1m and 12.4 g/t gold over 7.3m.

Liberty Gold will start 28,800m of reverse circulation drilling at Black Pine at the end of March.

At Goldstrike in Utah, drilling showed that mineralization remains open to extension. Drill result highlights from three areas of focus, the Western, Main and Dip Slope zones, included 1.4 g/t gold over 19.8m, including 2.79 g/t gold over 9.1m as well as 1.15 g/t gold over 27.4m, including 3.39 g/t gold over 6.1m.

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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.
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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 article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.




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