Drilling Program Results From Discovery 2 At Black Pine Project

 

VANCOUVER, BC - Liberty Gold Corp. reported that ongoing drilling at Black Pine in southern Idaho is starting to define a second, high-grade zone of oxide gold mineralization (Discovery 2) subparallel to and 250 meters (m) northeast of Discovery 1.  The new drill results represent some of the longest and highest-grade intercepts ever drilled on the property. Discovery 2 was announced in July with the release of LBP023, which returned 1.78 grams per tonne gold (g/t Au) over 48.8 m, including 4.72 g/t Au over 15.2 m. A total of eight reverse circulation (RC) holes have been released for the Discovery 2 zone, with assay results pending for an additional 10 holes.  The released holes cover an area with dimensions of approximately 250 m x 50 m; by analogy with the 1 kilometer-long Discovery 1 zone, as well as similar visual characteristics in pending holes, Liberty Gold believes that this represents a small portion of the total strike length of the Discovery 2 zone.  The two zones are projected to converge near the northern margin of the historic B Pit, which had an average mined grade of 1.38 g/t Au.

“It has been several years since anyone has announced a new discovery with results like these for a shallow oxide Carlin gold system in the Great Basin,” stated Cal Everett, President & CEO.  “In the first square kilometer of the 12 square kilometer Black Pine oxide gold system, we have already identified two high-grade structures, with indications that more may be present.  We estimate this square kilometer alone to contain approximately 200 million tonnes of high-potential carbonate rock favorable for hosting Carlin-style gold mineralization, so there is certainly room for a large deposit. Going forward, Liberty Gold intends to define the dimensions, size and grade of the two new discoveries to date in 2019, then will push outward into testing new targets. It is important to note that these zones are potentially open pit table and amenable to processing using simple, low cost heap leach methods, making the high grades and lengths we are seeing even more exceptional.”

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