Maiden Resource Estimates For Five Gold And Copper Deposits At TV Tower Project

VANCOUVER - Liberty Gold Corp. announced maiden independent Mineral Resource Estimates at its 92 square kilometer (km2) TV Tower Property in western Turkey. The resources encompass two primarily gold oxide deposits and three primarily gold-copper porphyry deposits. On a gold equivalent basis, these estimates more than triple the existing resource base at TV Tower, adding to that previously estimated for the KCD gold-silver-copper (Au-Ag-Cu) deposit, the third largest silver deposit in Turkey. In addition, the TV Tower Property contains a large number of undrilled gold, copper and silver targets.

The TV Tower Property is located in the Biga Peninsula, home to numerous epithermal gold and silver and gold-copper porphyry deposits, mines and development projects. The project is road accessible year-round and close to power generation facilities and deep-water ports.

The TV Tower Property is divided into South (South TVT) and North (North TVT) resource areas. The South TVT resource area contains four geographically separate deposits (Kayali and Yumrudag oxide gold deposits and Hilltop and Valley Au-Cu porphyry deposits), all located within a 4 km2 area.

The North TVT resource area, located approximately 7 km north of the South TVT resource area, hosts two deposits: the Columbaz Au-Cu porphyry and the Kuçukdag high sulphidation epithermal (“HSE”) Au-Ag-Cu deposit (“North TVT KCD”). The former is comprised of two resource zones based on mineralogy and anticipated milling technique: North TVT Au-Cu Porphyry and North TVT Oxidized Porphyry. KCD was the subject of a 2014 resource estimate that is still current.  

“While we are primarily focusing our pre-development efforts on oxide gold at Black Pine and Goldstrike in the Great Basin, it was deemed appropriate to raise the profile of the TV Tower Property now. Multiple gold, copper and silver deposits occur within this large land package,” said, Cal Everett, President and CEO. “The six deposits discovered to date remain open for extension laterally and to depth. When the discoveries were made, drilling stayed focused until another deposit was identified and drill tested. TV Tower is still in the early stages of exploration and discovery. We are now assessing our options to crystallize value for our shareholders.”

Moira Smith, V.P. Exploration and Geoscience, commented, “When we resumed operatorship of the TV Tower Property in 2012, it was with a vision that the property’s massive alteration zones contained multiple centers of epithermal gold and silver mineralization and porphyry Au-Cu mineralization that could give rise to multiple millions of gold-equivalent ounces. Today, we can provide proof of concept, and with multiple untested targets, we are confident that the resource endowment at TV Tower will continue to grow.”