Additional Drill Results At Black Pine Oxide Gold Project

VANCOUVER - Liberty Gold Corp. reported additional assay results from the reverse circulation (RC) exploration drill program at its Black Pine Oxide Gold Project in southeastern Idaho. Results are from 39 drill holes, located in the Back Range Zone, Rangefront Zone and M Zone areas.

Jason Attew, President and CEO of Liberty Gold commented, “We are very pleased with these assay results as they highlight the size and continuity of the oxide gold mineralizing system at Black Pine and confirm our views on tremendous growth potential for the deposit. We are further encouraged as the majority of these holes demonstrate mineralization at or near surface which was consistent with the design of our 2023 drilling program. These results should have a positive impact on the economics of the pending pre-feasibility study in 2024.”  

Drill results from 16 additional RC drill holes completed in the Back Range Zone have been received with results confirming the known mineralization and opening up potential new zones of mineralization to the north and west. Notably a thick zone of mineralization defined by hole LBP1005 begins at surface and extends down to 100 metres (m) depth. This is the northernmost hole drilled in the Back Range Zone and this new zone of mineralization is open for extension and expansion through additional drill testing in 2024.

Drill results from 15 additional RC drill holes completed in the Rangefront Zone have been received with results confirming that the newly discovered extension to high-grade mineralization shows strong lateral continuity over a large area. These in-fill holes were drilled to convert currently classified inferred resource blocks to indicated resource blocks and to further define the thick, near surface zones of oxide gold mineralization discovered on the eastern margin of the Rangefront Zone earlier in the year. This area remains open and is a key target for the next phase of resource expansion drilling in 2024.

Drill results for an additional 8 holes drilled in the M Zone have been received. Holes were drilled for infill/resource conversion and to expand mineralization adjacent to the two new discoveries made in the M Zone earlier in the year (see press release dated February 21, 2023); two holes were drilled as RC pre-collars for metallurgical core holes. These results now confirm that the M  Zone mineralization has a minimum footprint of 800 m long by 400 m wide and remains open to the north and west. Mineralization continues to exhibit gold grades above the resource average, which combined with its location close to a preferred site for a future heap leach pad, make the M Zone a strong candidate for early metal production in a future oxide gold mining operation.