Liberty Gold Stock Price, News & Analysis

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) reported its financial and operational results for the fiscal year ending December 31, 2022. Key highlights include an updated mineral resource estimate at the Black Pine Project, indicating 2.61 million ounces of oxide gold at an average grade of 0.52 g/t Au. The company also secured water rights and reported significant gold grades from various drill results, confirming continuous mineralization. Financially, Liberty Gold reported a loss of $21.1 million, compared to a $29.7 million loss in 2021. Cash and equivalents amounted to $19.8 million, with total assets at $47.9 million. The 2023 drilling program is set to enhance resource estimate and expansion.

Liberty Gold Corp. has released Phase 4A metallurgical testing results from the Rangefront Zone at its Black Pine Oxide Gold Project in Idaho. The tests achieved an impressive 86.9% weighted average gold extraction, with leaching results showing over 80% of recoverable gold extracted within 10 days. The new data indicates a potential increase in recoverable gold by approximately 4% in the upper plate sandstone unit and 10% in the middle plate limestone unit, set to be included in the upcoming resource update. The results underscore a low-cost, efficient heap leach processing route, significantly de-risking the project prior to feasibility studies.

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has filed a National Instrument 43-101 Technical Report for its Black Pine Oxide Gold Property in Idaho, effective January 21, 2023, and signed on March 10, 2023. The report details an updated mineral resource estimate and has been prepared by independent qualified professionals. Black Pine is situated near the Utah/Idaho border and is notable for its Carlin-style gold system. The historic Black Pine Mine produced 435,000 ounces of gold from 1992 to 1997. The Technical Report is accessible on SEDAR and Liberty Gold's website, enhancing transparency for investors.

Liberty Gold Corp. (OTCQX: LGDTF) announced significant drilling results from the Black Pine Oxide Gold Project in Idaho. Highlights include:

• 7.07 g/t Au over 18.3 m in hole LBP813.
• 1.17 g/t Au over 47.2 m in hole LBP736.
• 3.10 g/t Au over 27.4 m in hole LBP796.
• 0.78 g/t Au over 115.8 m in hole LBP782.

These results aim to expand and upgrade the current Mineral Resource Estimate, indicating high-grade gold mineralization potential. Notably, LBP813 recorded the highest gold assay in the project’s history, suggesting promising near-surface ore. The company plans further drilling to enhance resource delineation and assess mine scheduling.

Liberty Gold Corp. has announced an updated Mineral Resource Estimate (MRE) for its Black Pine Oxide Gold Project, reflecting a significant 52% increase in indicated ounces and a 31% increase in inferred ounces. The MRE, effective January 21, 2023, reports 2,613,000 indicated ounces and 483,000 inferred ounces of oxide gold, with an average grade of 0.52 g/t Au. The increase is attributed to extensive drilling in the Rangefront Zone and the expansion of existing zones. This update is a crucial milestone for Liberty Gold, supporting its hypothesis of a vast oxide gold system.

Liberty Gold Corp. (OTCQX: LGDTF) announced key updates including the appointment of Lisa Wade to its Board and Peter Shabestari as Vice President of Exploration. The company plans extensive work programs for 2023 at its Black Pine and Goldstrike projects in the U.S. and the TV Tower project in Turkey. With a working capital of C$31.8 million, Liberty Gold is set to update its Mineral Resource Estimate in February and focus on drill programs and de-risking activities. The company aims to enhance shareholder value through strategic initiatives in a potentially revitalizing gold market.

Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced promising exploration results from its Black Pine oxide gold project in Idaho. Highlights include 0.60 g/t Au over 80.8 m in LBP750 and various successful drilling outcomes across multiple zones. The company has secured process water, strategic mineral rights, and permits for expanded exploration, significantly de-risking the project. Notably, they have identified new zones of gold mineralization and expanded existing ones, indicating strong potential for future resource growth.

Liberty Gold Corp. reports successful drilling results from its Goldstrike Project in Utah, confirming high-grade oxide gold mineralization. The 2022 program included 12 metallurgical core holes, yielding results like 0.87 g/t Au over 74.3 m. Additionally, 100 resource definition drill holes were completed, with significant intersections such as 1.75 g/t Au over 24.4 m. The company is progressing towards a Prefeasibility decision, focusing on de-risking strategies, including securing a water supply and advancing land status for mining operations.

Liberty Gold has secured two historical water rights at the Black Pine Mine, totaling 868.5 acre-feet per annum, adding to its existing water supply for future mining operations. The total process water supply now stands at 3,202 acre-feet per annum. This acquisition reduces developmental risks for the Black Pine project. The company also received a positive power supply study for up to 10 megawatts of electrical power and has initiated an exploration drilling program after completing a gravity survey identifying potential mineralized rocks.