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Liberty Gold Corp. (LGDTF) reports developments tied to its U.S.-focused gold development portfolio, led by the 100%-owned Black Pine oxide gold project in southeastern Idaho. Company news commonly covers Black Pine drilling, resource conversion, feasibility study work, mine planning, and permitting activity under federal and state review processes, including NEPA environmental review and FAST-41 scheduling.
Updates also document portfolio rationalization through completed project divestitures, including Goldstrike in southern Utah and the Gage Project, as Liberty Gold concentrates on Black Pine. Governance announcements, board transitions, material agreements, capital-structure matters, and operating and financial updates are recurring categories in the company's public communications.
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced promising results from reverse circulation drilling in the Back Range Zone at the Black Pine Oxide Gold Project in Idaho. The drilling confirmed historical findings and extended gold mineralization over at least 7 km, with significant near-surface, high-grade oxide gold identified. Current resources stand at 17,000 indicated ounces and 43,000 inferred ounces. The area between Back Range and Discovery Zone remains undrilled but highly prospective. Continued drilling is planned to further explore and expand the potential resource.
Liberty Gold Corp. announced significant results from its 2021 Reverse Circulation drilling program at the Goldstrike Oxide Gold Project in Utah. Noteworthy findings include PGS 796 yielding 0.82 g/t Au over 56.4 m and PGS 787 at 0.75 g/t Au over 44.2 m. High-grade zones were encountered in the Hassayampa Pit, with backfill materials now deemed potential ore. The drilling aims to convert inferred resources into measured categories and enhances the project's economic profile ahead of future mining plans. The ongoing results support the project’s robust mineralization and de-risking strategy.
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced significant follow-up drilling results from the D-4 discovery at its Black Pine Oxide Gold Project in Idaho. The new Rangefront Focus Area (RFA) shows promising gold mineralization, expanding over 1,000 meters north-south and potentially 800 meters east-west. Recent assays revealed LBP408 with 0.63 g/t Au over 112.8 m and LBP418 with 0.50 g/t Au over 42.7 m. Two drills are focused on the RFA, targeting a Q3 2022 updated resource estimate and Preliminary Economic Assessment that will incorporate these findings.
Liberty Gold Corp. (OTCQX: LGDTF) announced the receipt of 17,222,222 common shares in New Placer Dome Gold Corp. as part of the sale of its 79.9% interest in the Kinsley Mountain gold project. The company is set to receive US$1.25 million in cash by November 19, 2021. Liberty Gold now holds 26,066,346 NPD Shares valued at approximately C$2.7 million, amounting to about 15.8% of New Placer Dome's outstanding shares. An additional US$1.25 million is due from New Placer Dome by June 2, 2022, as per the Option Agreement.
Liberty Gold Corp. (OTCQX:LGDTF) announced significant advancements in its Black Pine and Goldstrike projects in the Great Basin. Key highlights include:
- Black Pine D-4 Discovery: New gold intercepts, including 0.91 g/t Au over 86.9m.
- Resource Estimate: Indicated resource of 1.7M oz at 0.51 g/t Au.
- Financials: Loss of $7.3M in Q3 2021, with cash reserves of $17.6M.
The company is advancing its aggressive drilling campaign while maintaining a solid cash position.
Liberty Gold Corp. (LGDTF) has announced positive results from Phase 3 metallurgical testing at its Black Pine Oxide Gold Project in Idaho. The testing involved 45 new variability composites, achieving an average gold extraction rate of 80.8%, with rates up to 94.8%. These results indicate rapid leaching and a favorable Run-of-Mine heap leach processing approach, minimizing capital and operational costs. The company plans further tests to explore lower-grade mineralization and expand coverage in new discovery areas, supporting a potential feasibility study.
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced promising results from its 2021 Reverse Circulation drill program at the Goldstrike Oxide Gold Project in Utah. The program aims to convert resources from Inferred to Measured and Indicated status. Key findings include significant gold grades, such as 0.81 g/t Au over 61.0 m and 1.48 g/t Au over 15.2 m. Nearly 75% of the Goldstrike resource is categorized as Indicated. The project demonstrates economic viability, with an NPV of approximately US$291.7 million and an IRR of 52.4% at current gold prices.
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced the receipt of C$11 million from the exercise of 18.5 million share purchase warrants as of October 2, 2021. The funds will support the ongoing 70,000-meter Reverse Circulation drill program at the Black Pine Oxide Gold deposit in Idaho. Recent drilling results indicate successful step-out drilling, extending high-grade mineralization in the Discovery Zone and E Zone. The company is also budgeting for a winter drill program, focusing on resource upgrades and new high-grade discoveries.
Liberty Gold Corp. announced promising results from its 2021 Reverse Circulation drill program at the Goldstrike Oxide Gold Project in Utah. The drilling, which involves 15,000 meters, aims to convert inferred resources to indicated and test open areas. Significant intercepts include 3.60 g/t Au over 15.2 m and 1.19 g/t Au over 39.6 m, demonstrating high-grade mineralization in both the Hamburg Pit and Beavertail areas. The ongoing drilling indicates potential to enhance resource quality in the project, supporting its economic viability at current gold prices.
Liberty Gold Corp. (LGDTF) announced a significant gold discovery at the Rangefront target on its Black Pine Oxide Gold deposit in Idaho, with impressive drill results from holes LBP356 and LBP358. These results include 0.91 g/t Au over 86.9 m and 1.23 g/t Au over 24.4 m, indicating strong mineralization. The discovery spans a 1,250 m gap in previously untested areas and opens further exploration potential, with plans to drill aggressively through 2021. This highlights the robust nature of Black Pine's gold system, despite being relatively untested.