Welcome to our dedicated page for Liberty Gold news (Ticker: LGDTF), a resource for investors and traders seeking the latest updates and insights on Liberty Gold stock.
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.
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Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) has announced promising initial results from its 2023 Reverse Circulation drill program at the Black Pine Oxide Gold Project in Idaho. Significant findings include:
- M Zone: 2.83 g/t Au over 25.9 m and 2.13 g/t Au over 21.3 m with high-grade intercepts of up to 19.2 g/t Au.
- Rangefront Zone: 0.72 g/t Au over 35.1 m and 0.86 g/t Au over 25.9 m.
In total, assay results from 53 holes have been received, targeting mineral resources and mineralization potential in both zones. Liberty Gold plans to add a second drill rig to enhance exploration efforts, focusing on both existing and new target areas. The company holds significant indicated and inferred resources, with plans for further drilling and an economic study scheduled for later this year.
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) announced the retirement of founder Dr. Mark O'Dea as Chair and Director, effective June 14, 2023. Mr. Rob Pease, the incoming Chair, praised O'Dea's visionary leadership, which has significantly contributed to the discovery and development of large-scale gold deposits in the Great Basin. The company is undergoing succession planning, having recently appointed a new CEO and several VPs, while maintaining a strong treasury. O'Dea, who has been a net buyer of shares over the past 12 years, expressed confidence in Liberty's potential for growth and profitability. His legacy includes fostering a collaborative culture and a commitment to responsible development, which the board aims to uphold.
Liberty Gold Corp. (OTCQX: LGDTF) has amended its previous financial release dated March 28, 2023, correcting the working capital for year-end 2022 from $25,200 thousand to $17,668 thousand. This revision does not affect the overall financial statements of the Company. Key figures include cash and short-term investments of $19,813 thousand and total assets amounting to $47,954 thousand as of December 31, 2022. Despite the correction, Liberty Gold remains focused on exploring and developing oxide deposits in the Great Basin, a region known for its prolific gold production.
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.