New High Grade Oxide Gold Zone At Black Pine Property

VANCOUVER, BC - Liberty Gold Corp. reported additional reverse circulation (RC) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho.

A third high grade oxide gold discovery (D-3 Zone) was identified in close proximity to the D-1 and D-2 zone discoveries made in 2019. The D-3 Zone lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modeled to underlie at least the southern two thirds of the Black Pine gold system. Eight additional holes have extended mineralization over 400 metres (m) in a north-south direction by 250 m in an east-west direction. D-3 remains open for extension in all directions. Drill hole LBP138 lies at the south end of the zone as currently defined, and returned 1.20 grams per tonne gold (“g/t Au”) over 67.1 m, including 2.57 g/t Au over 16.8 m.  The hole bottomed in mineralization, with the last 1.54 m-long interval returning 0.84 g/t Au.

“The new drill results confirm that the D-3 Zone is a significant new discovery,” said Cal Everett, President and CEO.  “Given the grade, thickness and dimensions that are beginning to take shape, we believe that D-3 will have a positive material impact on the resource endowment at Black Pine. Each D-3 drill hole to date contains multiple reportable oxide gold intervals above 0.5 g/t Au.”