Core Drilling Confirms RC Results And Tests New Rangefront Target

VANCOUVER, BC - Liberty Gold Corp. reported core drilling results from its Carlin-style Black Pine Property in southern Idaho.  Six large diameter (PQ) holes were drilled to collect material for: Phase 1 metallurgical column testing; specific gravity measurements; gold deportment studies; validation of Reverse Circulation (RC) drilling data; and collection of structural, stratigraphic and alteration information. All holes returned thick intervals of high grade oxide gold mineralization.

One hole (LBP093C) confirmed the presence of oxide gold mineralization in the Rangefront Target, located 3.1 kilometers (km) to the southeast of the Discovery 1 and 2 zones described prior. The Rangefront Target, identified in historical drilling, is on-trend with mineralization located to the northwest, but separated from it by a 1.5 km-wide area of shallow cover rocks.  Future drilling in the covered area will be focused on linking the Rangefront Target with the large area of mineralization represented by the Discovery 1 and 2 zones.

“With our 2019 field program now complete, we will spend the next two months working toward implementing a much larger drill program in 2020, commencing in mid-March,” said Moira Smith, Vice President, Exploration and Geoscience.  “We are now updating the model, designing the metallurgical program, and amending our permit to allow drilling in a new, 3 km2 area between the main permit area and the Rangefront Target, where we expect to link mineralization between the two outcropping zones under shallow sandstone cover. Given the grade and tenor of oxide gold encountered at Black Pine in the initial 1 km2 Focus Area, our pre-drilling, 2 to 4 million ounce property-scale estimate of gold endowment now appears to be conservative.  Only 5% of the 12 km2 overall target has been drill verified by Liberty Gold to date.”

The company’s address is Suite 1900, 1055 West Hastings Street, Vancouver, BC V6E 2E9, (604)632-4677www.libertygold.ca.