- Liberty Gold (TSX:LGD) says that its 2020 exploration season has started at its Black Pine oxide gold project in southern Idaho, USA
- Drilling in 2019 was focused on a one square kilometre block of a shallow oxide gold system
- However, the whole system is estimated to cover more than 12 square kilometres
- The program is fully funded, with the ability for further expansion subject to results
- Liberty Gold (LGD) is currently steady at C$0.87, with a market cap of $207.05 million
Liberty Gold (TSX:LGD) says that its 2020 exploration season has started at its Black Pine oxide gold project in southern Idaho, USA.
Located in the northern Great Basin, the Black Pine Mine previously operated from 1992 to 1997 during a period of historically low gold prices. In this time, the mine produced 435,000 ounces of gold produced from five composite, shallow pits.
On March 25 this year, Idaho’s Governor, Brad Little, issued a state-wide stay-at-home order. However, the mining industry has been except from the order with designation as an “essential infrastructure service.” As such, Liberty Gold began its drill program at Black Pine on March 31.
The company’s 2019 drill program was focused on a one square kilometre block of a shallow oxide gold system. However, it’s now believed that this system covers more than 12 square kilometres.
Last year’s drilling gave way to two discoveries of high-grade oxide gold: the Discovery 1 and Discovery 2 zones, both of which remain open for extension.
With the outbreak of COVID-19 showing no sign of letting up, Liberty Gold has also implemented a range of measures to protect its workers and curb the spread of the virus.
Among these measures is a work-from-home and no-fly policy for all office employees. Social distancing requirements have been put in place, including limits to one person per vehicle, daily temperature checks and on-site separation.
Cal Everett, President and CEO of Liberty Gold, said the company’s intent is to move ahead with the Black Pine Project while firmly adhering to the necessary safety precautions.
“As a company, we recognize the effect on individuals, local communities, states, countries and financial markets as a result of the coronavirus pandemic…and we have established strict internal and external protocols for our employees, contractors and associates at Black Pine,” he added.
Liberty Gold’s Black Pine drill program is fully funded for the year, with the potential for further expansion subject to drill results.
Libert Gold (LGD) is currently steady at C$0.87, as of 10:16am EST.
