LGD:TSX; LGDTF:OTCQX

Liberty Gold Corp.

Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.

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Liberty Gold Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

With New Drill Results, Co. Adds, Upgrades Gold Ounces

Research Report

Chris Thompson (11/06/2023)

This bodes well for the impending updated resource estimate and subsequent prefeasibility study of the explorer's mining project in Idaho, noted a PI Financial report.

Tags: Gold

New Drill Results Could Expand Gold Resource at Idaho Project

Research Report

Peter Bell (11/01/2023)

These data are from the recent campaign and will be incorporated into the 2024 prefeasibility study, noted a Canaccord Genuity report.

Tags: Gold

Encouraging Discoveries at Idaho Gold Project

Research Report

Chris Thompson (07/31/2023)

Recently, Liberty Gold Corp. released impressive drill results from its Black Pine gold project in southeastern Idaho, noted a PI Financial research note.

Tags: Gold

Gold Explorer Makes For 'Compelling Investment Opportunity'

Research Report

Brian Quast (07/19/2023)

The company, on which BMO Capital Markets just launched coverage, is advancing two projects in the Great Basin with strong resources and growth potential, noted an initiation report.

Tags: Gold

Gold Project in Idaho Yields More Positive Drill Results

Research Report

Chris Thompson (06/23/2023)

These new data bode well for the resource estimate update expected in H2/23, noted a PI Financial report.

Tags: Gold

Idaho Gold Project Yields More Impressive Drill Results

Research Report

Chris Thompson (04/28/2023)

These new 2023 data will help inform the economic study to be done in H2/23, noted a PI Financial report.

Tags: Gold

Expert Comments:

Chris Thompson, PI Financial (10/31/23) "Liberty Gold Corp.'s northernmost hole (LBP1005) in Black Pine's Back Range zone returned impressive grades, and mineralization remains open. . .highlights include 0.42 g/t Au over 68.6m from 0m, including 1.08 g/t Au over 3m."

Peter Bell, Canaccord Genuity (10/31/23) "Today's assay results from Liberty Gold Corp.'s Black Pine have potential to incrementally increase the resource size at the Rangefront, M zone and Back Range deposits. . .overall, we believe these results bode well for the upcoming prefeasibility [study] on Black Pine."

Chris Thompson, PI Financial (9/7/23) "Liberty Gold Corp. released assays from eight drill holes as part of the 2023 reverse circulation campaign at its Black Pine gold project. . .we see regular drill results consistently adding and upgrading ounces across the project prior to an H2/23 resource update."

Lauren McConnell, Paradigm Capital (9/7/23) "The results of eight holes from Rangefront at Liberty Gold Corp.'s Black Pine show a large area of oxide mineralization that is predominantly outside of the current pit-constrained resource and is still open for expansion to both the north and south; this area is roughly 200m by 200m and extends from near surface to a depth of about 200m."

	Geordie Mark, Haywood Securities (9/7/23) "Liberty Gold Corp.'s results from eight additional reverse circulation drill holes in the Rangefront zone at Black Pine confirm thicker, higher-grade mineralization to the east compared to the current resource model. . .work on the Rangefront zone incrementally derisks it for future resource conversion and mine planning. . .[This is] positive news showing good results in terms of resource size for the project."

Chris Thompson, PI Financial (9/5/23) "Liberty Gold Corp.'s 2023 drill program at Black Pine is advancing well with three reverse circulation rigs operating across target areas. We anticipate exploration news flow throughout H2/23, especially from offset drill holes along the western margin of the Back Range zone; an updated resource estimate is expected by 2023E."

More Expert Comments

Lauren McConnell, Paradigm Capital (9/5/23) "Liberty Gold Corp.'s drill results from Black Pine released today continue to support our thesis that the current total resource of 3.1 Moz at 0.5 g/t Au will grow to +4 Moz over the next one to two years. . .we continue to believe Black Pine offers a strategically appealing gold project for investors."

	Geordie Mark, Haywood Securities (9/5/23) "Drill results from Back Range at Liberty Gold Corp.'s Black Pine project reveal high-grade potential of shallow gold mineralization that could go towards augmenting the early mining plan in the upcoming preliminary feasibility study. . .Discovery zone results reinforce the scale and continuity of oxide gold mineralization. . .we continue to be encouraged by ongoing exploration success at Black Pine."

Lauren McConnell, Paradigm Capital (8/15/23) "We believe Liberty Gold Corp. should trade at a premium given Black Pine's location, relatively simple process with flexibility, exploration upside and takeover potential. . .we initiate coverage of the company with a Speculative Buy rating."

Chris Thompson, PI Financial (7/24/23) "We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine. We see drill results confirming potential for adding and upgrading ounces prior to an H2/23 resource update."

Brian Quast, BMO Capital Markets (7/14/23) "We are initiating coverage on shares of Liberty Gold Corp. with an Outperform (Speculative) rating. The company is emerging as an early stage gold developer with two assets in the prolific Great Basin mining jurisdiction."

Chris Thompson, PI Financial (6/20/23) "We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine. We are particularly encouraged by the M zone continuing to intercept high-grade mineralization in stepout drilling from hole LBP813 (first intercepted in February 2023); we now see the oxide mineralized zone extended 80m to the west and 120m to the north."

Chris Thompson, PI Financial (5/15/23) "We attended a site visit to see Liberty Gold Corp.'s Black Pine project. . .we continue to see significant growth potential across numerous zones and anticipate continued resource growth prior to production."

Chris Thompson, PI Financial (5/12/23) "We continue to see Liberty Gold Corp.'s Black Pine as a multimillion-ounce gold development-stage opportunity with exploration upside. . .we feel that Black Pine will be a mine and that permitting will be pretty straightforward."

Chris Thompson, PI Financial (4/20/23) "We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine, demonstrated by more near-surface high grade intercepts from the M zone. . .with the stock currently trading at about 0.3 times net asset value, we see significant value upside as the company advances Black Pine to a preliminary economic assessment/prefeasibility study stage of development."

Chris Thompson, PI Financial (3/23/23) "Metallurgical test results from oxide material from the Rangefront zone at Liberty Gold Corp.'s Black Pine project in southeastern Idaho returned encouraging column leach results with a weighted average gold recovery of 86.9%. . .results continue to support a technically simple, low initial capital, low operating cost, run-of-mine heap-leach processing route for Black Pine."

Chris Thompson, PI Financial (2/22/23) "Liberty Gold Corp. released drill results from 2022's reverse circulation drill campaign at its Black Pine gold project. . .grades of 46.7 g/t over 1.52m in a stepout hole from previous drilling well outside resources defined within the M zone come as a pleasant surprise. Also, the Back Range zone's potential to host new area of near-surface, high-grade oxide gold is reflected in results released."

Rabi Nizami, National Bank of Canada (2/10/23) "Liberty Gold Corp.'s updated Black Pine mineral resource totals 3.1 Moz at 0.5 g/t grade (was 2.1 Moz at 0.48 g/t) and adds +1 Moz (+48%) with a slight lift in the average grade (+4%). . .the increase is confidently driven by exploration success alone, not a change in cutoff."

Chris Thompson, PI Financial (2/8/23) "We are impressed with Liberty Gold Corp.'s recent revised resource estimate for Black Pine, which was delivered in line with expectations (both tons and in situ ounces). . .all in all, the resource estimate confirms our view of Black Pine's potential to deliver about 200 oz Au in average annual production over a healthy +10-year life of mine."

	Geordie Mark, Haywood Securities (12/14/22) "Liberty Gold Corp.'s drill results from South Rangefront, A Basin Waste Area and Bobcat continue to push out at the known margins of the oxide gold mineralized system at Black Pine. . .drilling at Black Pine needs to be continued to not only seek expansion and confirmation of the systems' footprints within the U.S. Forest Service plan of operations area but also beyond its boundaries in several areas."

Chris Thompson, PI Financial (12/14/22) "Liberty Gold Corp. released drill results from reverse circulation and core drill holes from its Black Pine project. . .results continue to reflect potential for resource growth and refinement in multiple areas at Black Pine. We anticipate continued drilling at lower elevations during the winter months, aiding the company in refining its Black Pine resource model in preparation for an updated resource estimate, anticipated in Q1/23."

Chris Thompson, PI Financial (12/6/22) "Liberty Gold Corp. announced the completion of a field season together with select drill results from its 100%-controlled Goldstrike project in southwestern Utah. . .results from PQ core and reverse circulation holes support potential offered by Goldstrike as a small but potentially economically viable heap leach oxide gold deposit."

	Geordie Mark, Haywood Securities (11/29/22) "Liberty Gold Corp.'s potential access to future water and power supply for Black Pine have been further derisked as the company has locked up another 1 mm³/year supply in water rights and [received] a positive outcome from an impact study from the Idaho Power Distribution Co. on the supply of up to 10 MW to the Black Pine mine gate. . .this amount of water far exceeds our projections needed to drive our production-oriented cash flow model."

Geordie Mark, Haywood Securities (11/15/22) "Liberty Gold Corp.'s Black Pine posted more drill results that expand known areas of gold mineralization beyond the confines of the 2021 resource pit envelope on the CD and E zones, demonstrating the promise of resource expansion in updates to come. Further, higher-grade hits on the Rangefront zone exemplify the potential on this area of discovery."

Geordie Mark, Haywood Securities (11/8/22) "A set of 13 drill hole results on the M Zone at Liberty Gold Corp.'s Black Pine shows that the system remains open along strike, for at least 750m, and to the northwest, with intrapit drilling proving up continuity of higher-grade gold mineralization of equal or less depth than the pit-constrained resources. The point highlights the likelihood of resource growth through coalescence of resources into one pit that increases the total mass of the resource as well as average grade at a lower waste-to-ore strip ratio."

Geordie Mark, Haywood Securities (11/8/22) "A set of 13 drill hole results on the M zone at Liberty Gold Corp.'s Black Pine shows that the system remains open along strike, for at least 750m, and to the northwest with intrapit drilling proving up continuity of higher-grade gold mineralization of equal or less depth than the pit-constrained resources. The point highlights the likelihood of resource growth through coalescence of resources into one pit that increases the total mass of the resource as well as average grade at a lower waste to ore strip ratio."

Chris Thompson, PI Financial (11/8/22) "The results in today's release from reverse circulation drill holes from the M zone at Liberty Gold Corp.'s Black Pine project reflect relatively high-grade oxide gold mineralization at shallow depths. The M zone consists of two small resource pits separated by a previously undrilled 250m gap, offering potential for a larger pit over about 750m in length."

	James Kwantes, Resource Opportunities (11/2/22) "Liberty Gold Corp. has about 3 Moz of heap-leachable gold at projects in Idaho and Utah as well as a new chief executive officer, Jason Attew. . .the stock looks very cheap at these levels, all things considered."

	Geordie Mark, Haywood Securities (8/31/22) "Drilling on Liberty Gold Corp.'s Black Pine proves that there appears to be no end in sight to this oxide gold mineralized system with higher grade gold present in shallow intervals (e.g.,) LBP657: 16.8m grading 1.03 g/t gold from surface and LBP662: 30.5m grading 0.97 g/t gold) to the north of the CD resource pit, piecing the system over a 750m strike length into the Discovery zone resource pit volume. . .the batch of results released on the F zone shows the presence of shallow gold mineralization starting from surface."

Jonathan Egilo, Desjardins Securities (8/30/22) "At Liberty Gold Corp.'s Black Pine project, hole LBP657 saw 0.95 g/t Au over 18.3m from surface, while hole LBP660 saw 0.74 g/t Au over 38.1m from surface. . .these ounces could be mined in the early years of the mine life. Additionally, today's drilling results provide confirmation that the Discovery zone and CD resource pits are linked while deep, high-grade oxide intercepts such as those commonly found at the Rangefront focus area are beneficial in adding significant resource endowment."

Rabi Nizami, National Bank of Canada (8/30/22) "Liberty Gold Corp. announced assays from 17 drill holes at the Black Pine Project in Idaho, which show continuity between two previously distinct pits around the Discovery focus area. . .today's results validate and extend this mineralization, filling in the gaps between earlier resource pits, as expected. . .we expect that an updated resource may be in H1/23."

Chris Thompson, PI Financial (8/30/22) "Today's drill results from 17 reverse circulation holes in Liberty Gold Corp.'s F zone at Black Pine confirm that both the CD and Discovery zones (the largest deposits from the 2021 mineral resource) are linked by a continuous north-trending zone of near-surface oxide gold mineralization. The results demonstrate that as drilling continues, gold mineralization at Black Pine tends to merge into larger, continuous mineralized zones that have the potential for bulk mining."

Chris Thompson, PI Financial (8/9/22) "Sonic drilling (815m in 23 holes) at Liberty Gold Corp.'s Goldstrike project was focused on testing residual gold content in two historic heap-leach pads. Drilling returned thick and above cutoff grade gold concentration in all holes. . .today's results demonstrate good correlation between grade and solubility with some higher grade intervals returning over 90% cyanide solubility."

Sprott Research (5/25/22) "Liberty Gold Corp.'s headline 100.4m at 1.4 g/t from the metallurgical PQ core drill hole is impressive; also interesting is the fringe drilling-confirmed mineralization even further north and east. Albeit grades are lower today, the intervals are broad and appear to be shallower, pointing to further growth greater than 1 km; all is ticking along nicely towards a larger mineral resource estimate expected in H2/22."

	Geordie Mark, Haywood Securities (5/25/22) "Liberty Gold Corp.'s Black Pine system appears to have a life upon itself, extending beyond the drill bit on several zones and leading outside the boundary of the exploration license. Subsequent drilling on the Rangefront Focus Area, which is projected to start at the beginning of H2/22, will occur in connection with concurrent testing of other zones at Black Pine that feature relatively shallow oxide gold mineralization (e.g.,) Back zone, M zone and F zone as well as Bobcat."

Chris Thompson, PI Financial (5/25/22) "Final results from Liberty Gold Corp.'s 2022 winter drill program from the Rangefront Focus Area at Black Pine continue to reflect thick zones of gold oxide in stepout holes to the northeast; drilling also continues to confirm oxide mineralization at shallower depths (about 100m) to the northeast. Grades of +1 g/t over +100m in hole LBP511CA are eye catching and reflect continuity of high-grade mineralization in the D-4 discovery area."

	Geordie Mark, Haywood Securities (4/21/22) "Liberty Gold Corp. reported drill results on the M zone and 2021 winter drilling resource conversion work on the Discovery zone at Black Pine. Most encouraging for us was the reporting of shallow oxide gold mineralization between the two pit-constrained resources on the M zone, which highlights ready potential for resource expansion with ongoing work, testing for extensions to the southwest between the Tallman and CD pits."

	Brock Salier, Sprott Equity Research (4/20/22) "Today's results from Liberty Gold Corp.'s Black Pine are a good follow-on to last week's Rangefront drill results, both showing shallow expansions over bulk oxide zones. Today, the M zone specifically looks very good and quite shallow, with 40–50m thick zones from 50–100m below surface and many hits between the existing mineral resource estimate shell, leading us to rethink our smaller higher-grade contribution as larger now at perhaps 0.5–0.7 g/t."

Chris Thompson, PI Financial (4/20/22) "The results in today's release from Liberty Gold Corp.'s 2022 winter drill program in the M zone show relatively high-grade oxide gold mineralization at shallow depths (about 30–80m below surface). Infill drill results confirm confidence in the continuity of oxide gold mineralization across the Discovery zone; stepout drilling in the Discovery zone suggests that several of the zones may be merged into a single resource area linking to the main Discovery zone pit."

	Brock Salier, Sprott Equity Research (2/23/22) "Today's results from the last of Liberty Gold Corp.'s 2021 drill program at the Rangefront focus area have both infilled and expanded the high-grade core in several directions, now covering a 300m by 750m area. Whilst the individual reported assays are good, their composites are far more interesting, with headline hole coming in at 105m at 0.9 g/t, which on a 25–50m radius could add an additional 60 Koz from a single hole; the grade is impressive too."

Chris Thompson, PI Financial (2/23/22) "Today's final results from Liberty Gold Corp.'s 2021 drill program at Black Pine continues to push out the boundaries of defined mineralization while also delineating a high-grade core of the newly discovered Rangefront focus area, all outside of the current +2 Moz Au resource. The high-grade core zone has an additional extension 100m to the northwest and 250m to the east."

Chris Thompson, PI Financial (2/15/22) "Today's final results from Liberty Gold Corp.'s 2021 drill program at Goldstrike continue to offer resource upgrade potential with the delineation of thick intervals of high-grade oxide material in the Inferred portions of the deposit. The drilling was concentrated on the Basin pit area of the Main zone and included the discovery of a new zone of oxide gold mineralization."

	Geordie Mark, Haywood Securities (2/11/22) "Liberty Gold Corp. completed two important derisking steps for Black Pine's future potential development: 1) The company secured ample water rights to furnish an open-pit, heap-leach operation. 2) Liberty sequestered a strategic land position that neighbors the parcel of gold deposits currently defined and could be employed as a future development site."

Chris Thompson, PI Financial (1/18/22) "Liberty Gold Corp.'s drilling in this release continues to push out the boundaries of defined mineralization while also delineating a high-grade core of the newly discovered Rangefront focus area, all outside of the current 2+ Moz Au resource at Black Pine. We continue to see the market giving little recognition to the scale and developability of Black Pine, despite a breadth of drilling success continuing from the 2021 programs, and see this as a 'bottom-picking' window for opportunistic investors."

	Brock Salier, Sprott Equity Research (1/11/22) "Liberty Gold Corp.'s Goldstrike, while dwarfed by Black Pine, has a handy high-margin 1 Moz oxide pit. While Black Pine is the main focus, we expect some additional infill to allow both the company or potentially external parties to refine the value materially as potential mergers and acquisitions buyers would likely do their own feasibility study anyway but rely on a well-defined mineral resource estimate. . .ounce growth is still in the cards though with downdip hits of 20–25m at 0.5–0.8 g/t drilled in recent stepouts reported today."

Chris Thompson, PI Financial (1/11/22) "Today's release from Liberty Gold Corp., containing infill drill results, confirms two key features of the Goldstrike deposit: near-surface mineralization and the continuity of high-grade corridors in the Main zone. Additionally, the Dip Slope zone exhibits potential to grow the already 1+ Moz deposit; we continue to see the Goldstrike project as being underappreciated by the market."

Experts Following This Company

Peter Bell – Canaccord Genuity
Brock Colterjohn – Cormark Securities
	Geordie Mark, Head, Mining Research – Haywood Securities
Lauren McConnell – Paradigm Capital
Rabi Nizami – National Bank of Canada
Brian Quast, Analyst – BMO Capital Markets
Alex Terentiew, Research Analyst, Base Metals – Stifel
Chris Thompson, Mining Analyst – PI Financial

Company News

11/9/2023 – Liberty Gold Reports Q3 2023 Financial and Operating Results

10/31/2023 – Liberty Gold Reports Additional Drill Results at the Black Pine Oxide Gold Project, Idaho

9/11/2023 – Liberty Gold Announces Purchase and Resale of Black Pine Royalty Interest and US$5.7 Million Private Placement Financing with Strategic Investment from Wheaton Precious Metals

9/7/2023 – Liberty Gold Reports Additional Drill Results from the Rangefront Zone, Black Pine Oxide Gold Project, Idaho

9/6/2023 – Liberty Gold Advances Black Pine Oxide Gold Project with the Submission of a Mining Pre-Plan of Operations to US Federal Agencies and the Selection of a Lead Engineer for the Pre-Feasibility Study

11/28/2022 – Liberty Gold Purchases Historic Black Pine Mine Water Rights, Securing an Additional Water Supply and Further De-Risking its Black Pine Oxide Gold Deposit, Idaho

Important Disclosures
Liberty Gold Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2023/12/6 13:02:25

(LGD:TSX - LGDTF:OTCQX)

Analyst coverage

Canaccord Genuity — Peter Bell

Cormark Securities — Brock Colterjohn

Haywood Securities — Geordie Mark

Paradigm Capital — Lauren McConnell

National Bank of Canada — Rabi Nizami

BMO Capital Markets — Brian Quast

Stifel — Alex Terentiew

PI Financial — Chris Thompson

Company News

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Streetwise Reports Articles

11/06/2023 - View Article

11/01/2023 - View Article

07/31/2023 - View Article

07/19/2023 - View Article

06/23/2023 - View Article

Streetwise - Liberty Gold Corp. Ownership Overview*

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX)

^*Share Structure as of 3/24/2023

Investing Highlights

	100% ownership/control of two Oxide Gold Projects: Black Pine in Idaho & Goldstrike in Utah
	Experienced mine-finding exploration team
	Management team with proven ability to raise capital through asset sales and from the capital markets

catalyst Calendar

Q1 2023	Updated mineral resource February, 2023 - Black Pine, Idaho
Q3 2023	Goldstrike, Utah updated mineral resource late 2023
Q4 2023	De-risking ahead of a PFS decision: Goldstrike, Utah
Q4 2023	Black Pine, Idaho economic study decision following mineral resource update
Q4 2023	Ongoing metallurgical column testing in Black Pine, Idaho through Q4 2023