- Liberty Gold Corp. (LGD) has reported the reverse circulation (RC) drill results from the M Zone at its Black Pine oxide gold project in southeastern Idaho
- These results are part of an ongoing 65,000-metre drill program at Black Pine designed to upgrade the current resource and discover new oxide gold mineralization
- The company plans to update the geological model progressively over the remainder of 2022, with a new mineral resource estimate to be released in Q1 2023.
- Liberty Gold is a mineral-exploration company focused on exploring for and developing open-pit oxide deposits in the Great Basin of the United States
- Liberty Gold Corp. opened trading at $0.35 per share
Liberty Gold Corp. (LGD) has reported the reverse circulation (RC) drill results from its latest project.
The RC results came from the M Zone at its Black Pine oxide gold project in southeastern Idaho.
These results are part of an ongoing 65,000-metre drill program at Black Pine designed to upgrade the current resource and discover new oxide gold mineralization.
It will also add to the endowment of near-surface, higher-grade, oxide gold mineralization potentially accessible in the first one to three years of a future mining operation.
In addition, it drilled out gold mineralization between smaller resource pits, linking larger zones of continuous oxide gold mineralization.
Three RC rigs are currently drilling on the property, focused on the Rangefront Zone, M Zone and the Section 36 area (recently permitted).
These efforts will continue through the end of the year, and the company expects to drill through the winter months, subject to weather conditions, to maximize drill metres in the lower elevation areas at Black Pine.
The company plans to update the geological model progressively over the remainder of 2022, with a new mineral resource estimate to be released in Q1 2023.
“Drilling in the M Zone is part of a focused strategy to deliver a readily permittable, low initial CAPEX, high rate of return oxide gold mining project at Black Pine,” stated Jason Attew, the recently appointed President and CEO of Liberty Gold.
“We achieve this in part by the merging of multiple smaller resource pits into fewer, larger pits and by identifying and drilling areas of higher-grade, near-surface gold mineralization that might be accessed in the early years of mining,” he added.
Liberty Gold is a mineral-exploration company focused on exploring for and developing open-pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.
Liberty Gold Corp. opened trading at $0.35 per share.
