Liberty Gold Stock Price, News & Analysis

Liberty Gold Corp. (LGDTF) announced promising Reverse Circulation drill results from its Black Pine project in Idaho, part of a 65,000m drill program aimed at expanding its Mineral Resource Estimate (MRE). Significant findings include 1.11 g/t Au over 68.6 m in the Rangefront Zone, indicating resource growth. Exploration drilling is ongoing, with updates expected in early 2023. The company aims to enhance gold ounces in the new MRE through continued expansion and resource upgrades across various zones.

Liberty Gold Corp reported financial results for the nine months ending September 30, 2022, showcasing US$26.2 million in cash and short-term investments. New CEO Jason Attew, appointed on October 11, 2022, has significant industry experience. The company achieved notable drilling results at the Black Pine Project, confirming a 750 metre oxide gold corridor. Financial highlights include a loss of US$6.3 million for Q3 2022, with a total loss for the nine months reaching US$19 million. Additionally, Liberty Gold completed significant expansions to its exploration areas.

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) announced positive Reverse Circulation drill results from the M Zone at its Black Pine gold project in Idaho. The drill program aims to upgrade resources and discover new oxide gold mineralization. Highlights include 1.40 g/t Au over 57.9 m from ~40 m depth, with sections showing even higher grades. The ongoing drilling, supported by three rigs, is expected to yield a new mineral resource estimate by Q1 2023. The strategy focuses on merging smaller resource pits and identifying higher-grade gold mineralization for potential early mining access.

Liberty Gold Corp. appointed Jason Attew as President and CEO, effective October 11, 2022, succeeding Cal Everett, who will remain on the Board of Directors. Dr. Mark O'Dea praised Everett for his leadership during significant company milestones, including the acquisition of the Black Pine project. Attew brings extensive experience in mining, having previously led Gold Standard Ventures and served as CFO of Goldcorp. Additionally, Attew will participate in a private placement, purchasing 759,494 common shares for C$300,000, subject to necessary approvals.

Liberty Gold Corp. has announced major developments at its Black Pine Oxide Gold Project in Idaho, effectively doubling the permitted area for exploration to 24.3 km². The Bureau of Land Management approved a new Plan of Operations, granting access to the eastern margin of the deposit. Additionally, Liberty Gold acquired a controlling interest in adjacent mineral rights, facilitating future mining infrastructure. Drilling is set to commence in Q4 2022, targeting areas such as the Gully Target, which holds potential for expanding the gold system.

Liberty Gold Corp. (TSX-LGD; OTCQX-LGDTF) announced significant findings from its F Zone target at the Black Pine Oxide Gold Project in Idaho. Recent Reverse Circulation drill results revealed near-surface oxide gold mineralization across 17 new drill holes, linking the CD and Discovery zones over a 750-meter stretch. Key highlights include 0.95 g/t Au over 18.3 meters in hole LBP657 and 0.84 g/t Au over 36.6 meters in LBP662. The ongoing drilling aims to integrate smaller pits into larger, more continuous mineralized zones, enhancing the mining potential.

Liberty Gold Corp. has finalized the sale of its 40% interest in the Halilağa copper-gold deposit for US$6 million, totaling US$22 million from the transaction. This move aligns with the company's strategy to reinvest in core projects, specifically the Black Pine and Goldstrike oxide-gold initiatives in the USA. Additionally, the TV Tower gold-silver-copper property is under strategic review with Natural Resources Global Capital Group to generate funds for further exploration, maintaining a 64.4% ownership.

Liberty Gold Corp. (LGDTF) reported its financial and operational results for the six months ended June 30, 2022. Key highlights include receiving $6 million from the Halilağa copper-gold deposit sale and $2.5 million from the Kinsley option payment. The company also noted drilling success at its Black Pine Project, with significant gold grades up to 1.38 g/t over 100.4 meters. Financially, Liberty Gold reported a loss of $6.8 million for the six months, with total assets of $61.4 million as of June 30, 2022, and cash reserves of $26.5 million.