Near-Surface Oxide Gold Discovered - Confirming 750 Meter-Long Corridor Linking The CD And Discovery Zones Black Pine Project

VANCOUVER - Liberty Gold Corp. reported on 17 new RC holes in the F Zone confirm that the CD and Discovery zones at Black Pine Oxide Gold Project in southeastern Idaho. The two largest deposits in the 2021 Mineral Resource, are linked by a continuous, north-trending zone of near-surface oxide gold mineralization over a distance of approximately 750 meters (“m”). Oxide gold mineralization starts from surface or at shallow depth in all holes. This drilling links several resource pits and demonstrates that as drill information increases, gold mineralization at Black Pine tends to coalesce into larger, continuous mineralized zones, with potentially greater amenability to bulk mining.

“As we put considerable management focus into our de-risking strategy for the Black Pine project, these results show that it is still very much an exploration property, with large, undrilled targets and opportunities for adding ounces between targets, in virtually every direction,” said, Cal Everett, President and CEO. “Our drilling at F Zone is exactly the kind of thing we are looking for – shallow, oxide mineralization with above-average grade that continues to merge current resource pits into larger pits. As this drilling progresses in the second half of 2022, we will progressively update geological and resource models to understand the broader engineering impact of these expanded mineralized areas. We are getting close to having drillhole coverage that complements our in-depth geological understanding of the gold mineralization and suitably dimensions the size of the investment opportunity at Black Pine.”