In a news release, Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced additional results from reverse circulation (RC) drilling at its Carlin-style Black Pine oxide gold property located in southern Idaho. The company explained that its 2020 drill program is focused on defining and expanding the D-1 and D-3 zones on 35 to 50 meter centers and is designed to systematically test regional targets.
Liberty Gold advised that a maiden resource estimate for Black Pine is expected to be completed near the end of Q1/21 or in the beginning of Q2/21.
Liberty Gold's Vice President of Exploration and Geoscience Moira Smith commented, "Definition drilling in the D-1 and D-3 zones continues to deliver zones of high-grade oxide gold mineralization and reinforces the concept that the Black Pine mineralized system consists of a series of stacked high grade oxide gold zones separated by a halo of mineralized material above a projected 0.2 gram cut-off grade...The Black Pine oxide gold system covers a 14 km2 area and where exposed at surface is marked by a 7+ km2, >50 ppb gold-in-soil anomaly which is likely the largest soil anomaly in the Great Basin that does not have a producing mine on it."
The firm noted that the high-grade oxide gold D-3 Zone discovery continues to deliver numerous intervals of thick oxide gold mineralization. The company also added that cyanide solubility numbers remain high across all oxide gold grade ranges for the D3 Zone that, when analyzed with metallurgical core drilling in the area, will aid in developing a gold recovery model.
Liberty indicated that drilling is continuing at the southeastern extension of the D-1 Zone. The company advised that stepout drilling along this 400 meter corridor has displayed significant thicknesses of oxide gold mineralization in most of the holes drilled here to date at relatively shallow depths. The firm commented that "cyanide-soluble assays for the highlight interval in LBP223 returned a weighted average of 100% of fire assay, both attesting to the thoroughly oxidized nature of gold mineralization."
The company noted that in the early part of 2020 it identified a total of nine regional oxide gold targets over a 7.3 sq km permitted area. The firm stated it has completed more than 40,000 meters of drilling so far and has tested seven of these regional targets. Liberty advised that it has already received the assay results from four of the targets, which played a key role in outlining the D-1 Southeast Extension, the D-1 Northwest Extension, the D-3 and the F Zone discoveries. The firm noted that it has not yet received the data from the M, Southwest Extension, J, CD and Rangefront targets.
Liberty advised that RC drilling at Black Pine is ongoing with two drill rigs being operated double shifts. The firm noted that it is also working on expanding the drill permit area to access an additional 4.6 sq km of the Black Pine gold system.
The company indicated that the Black Pine property lies within the northern Great Basin along the Utah-Idaho border. The firm described Black Pine as "a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada's Carlin trend." The mine reportedly produced 435 Koz Au during the period from 1992 to 1997 from five shallow composite pits.[NLINSERT]
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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.
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 decision to publish an article until three business days after the publication of the 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.