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Liberty Gold Announces Signing of Definitive Agreement to Sell the TV Tower Project in Türkiye

Retrieved on:

Wednesday, April 17, 2024

Project, Agreement, Sale, LGD, Black pine, OTCQX, TSX, Radio masts and towers, Transaction, Gold, Teahouse

VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce it has signed a share purchase agreement (the “Agreement”) for the sale of its interest in the TV Tower copper gold project (“TV Tower” or the “Project”), located in Biga Province, northwest Türkiye, to a foreign mining company.

Key Points:

VANCOUVER, British Columbia, April 17, 2024 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce it has signed a share purchase agreement (the “Agreement”) for the sale of its interest in the TV Tower copper gold project (“TV Tower” or the “Project”), located in Biga Province, northwest Türkiye, to a foreign mining company.
Pursuant to the terms of the Agreement, Liberty Gold has agreed to sell its 72.1% interest in the company that holds the Project for gross proceeds to the Company of US$8.3 million in cash, to be paid in three stages over a two-year period (the “Transaction”).
Cal Everett, CEO and Director of Liberty Gold commented, “The sale of TV Tower strengthens Liberty Gold’s treasury position without diluting shareholder’s exposure to our flagship Black Pine project in Southern Idaho while also removing annual carrying costs related to the project.
Liberty Gold will now be 100% Great Basin focused advancing two Carlin-style gold deposits.”
Closing of the Transaction is subject to customary conditions including the approval of the local mining authorities.

Liberty Gold Reports Q3 2023 Financial and Operating Results

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Thursday, November 9, 2023

Sale, International Financial Reporting Standards, LGD, Mining, OTCQX, Bank statement, Gold, Financial statement, NSR, Table, TSX, ESG, Rare-earth element, Nightclub, Black pine

VANCOUVER, British Columbia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the nine months ended September 30, 2023.

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VANCOUVER, British Columbia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the nine months ended September 30, 2023.
On September 5, 2023, published second annual ESG report: Developing Gold Deposits in a Responsible and Sustainable Manner2.
Published reverse circulation (“RC”) exploration drill results from:
0.77 grams per tonne (“g/t”) gold (“Au”) over 65.5 meters (“m”) including 2.47 g/t Au over 10.7 m in LBP9327.
Completed 2023 RC exploration drilling program as of September 30, 2023, for a total of 27,461 meters drilled.

Liberty Gold Announces Leadership Transition

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Wednesday, November 8, 2023

Knowledge, Goldstrike mine, OTCQX, Growth, Osisko Gold Royalties, LGD, TSX, Management, Black pine

VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”) today announces a leadership transition with the re-appointment of Cal Everett as CEO and the promotion of Dr. Jon Gilligan to the role of President and COO effective Friday, November 10.

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VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”) today announces a leadership transition with the re-appointment of Cal Everett as CEO and the promotion of Dr. Jon Gilligan to the role of President and COO effective Friday, November 10.
These appointments followed the receipt of notice of resignation of Jason Attew, President and CEO, who will be joining Osisko Gold Royalties Ltd. as President and Chief Executive Officer.
Cal Everett, the former President and CEO of Liberty Gold, will remain a Director.
Rob Pease, Chairman of Liberty Gold, commented on the transition, saying, “We are excited to welcome Cal back into the CEO and Director role, and we have the utmost confidence in his ability and passion to lead the Company forward.

Liberty Gold Reports Additional Drill Results at the Black Pine Oxide Gold Project, Idaho

Retrieved on:

Tuesday, October 31, 2023

RC, OTCQX, Economics, Black pine, LGD, TSX, Mining

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to report additional assay results from the reverse circulation (“RC”) exploration drill program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho. Results released herein are from 39 drill holes, located in the Back Range Zone, Rangefront Zone and M Zone areas.

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VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to report additional assay results from the reverse circulation (“RC”) exploration drill program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.
Results released herein are from 39 drill holes, located in the Back Range Zone, Rangefront Zone and M Zone areas.
Jason Attew, President and CEO of Liberty Gold commented, “We are very pleased with these assay results as they highlight the size and continuity of the oxide gold mineralizing system at Black Pine and confirm our views on tremendous growth potential for the deposit.
This is the northernmost hole drilled in the Back Range Zone and this new zone of mineralization is open for extension and expansion through additional drill testing in 2024.

Liberty Gold Announces Closing of Royalty Transactions and US$5.7 Million Private Placement and Welcomes Wheaton Precious Metals as a Strategic Shareholder

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Monday, September 18, 2023

Great Basin, Minority, MI, LGD, Person, NSR, Sale, Royalty, Gold, Offering, OTCQX, Black pine, TSX, Sokanu Interests, Personality, and Preferences Inventory, Refused, Security (finance)

Concurrently, the Company has granted an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) a new 0.5% NSR (the “Royalty”) covering all claims comprising Black Pine for which the Company has received cash consideration of US$3.6 million.

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Concurrently, the Company has granted an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) a new 0.5% NSR (the “Royalty”) covering all claims comprising Black Pine for which the Company has received cash consideration of US$3.6 million.
An affiliate of Wheaton has also been granted a Right of First Refusal on any royalties, streams or pre-pays that include precious metals pertaining to Black Pine.
Under the Offering, the Company sold 22.9 million shares at C$0.34 per share for proceeds to the Company of US$5.7 million.
Wheaton subscribed to US$5 million of the Offering and existing shareholders, management and directors of the Company subscribed to US$0.7 million of the Offering.

Liberty Gold Announces Purchase and Resale of Black Pine Royalty Interest and US$5.7 Million Private Placement Financing with Strategic Investment from Wheaton Precious Metals

Retrieved on:

Monday, September 11, 2023

The Company is also pleased to announce a non-brokered private placement raising proceeds of up to US$5.7 million, anchored by a US$5 million strategic investment by Wheaton Precious Metals Corp. (“Wheaton”).

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The Company is also pleased to announce a non-brokered private placement raising proceeds of up to US$5.7 million, anchored by a US$5 million strategic investment by Wheaton Precious Metals Corp. (“Wheaton”).
Jason Attew, President and CEO of Liberty Gold commented, “It is a rare occasion to have an opportunity to reduce the royalty interest of a mining project, particularly one as high quality and favourably located as Black Pine.
This option further de-risks the future development of Black Pine and would result in more of the project economics being attributable to Liberty Gold’s shareholders.
The 0.5% NSR was part of the consideration paid when Liberty Gold acquired Black Pine back in 2016.

Liberty Gold Reports Additional Drill Results from the Rangefront Zone, Black Pine Oxide Gold Project, Idaho

Retrieved on:

Thursday, September 7, 2023

LGD, RC, Gold, OTCQX, TSX, Mining, Uranium mining, Black pine

VANCOUVER, British Columbia, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to report the latest assay results from an additional 8 holes drilled in the Rangefront Zone with most holes focused on the eastern margin of the known deposit area. These results are part of the 2023 Reverse Circulation (“RC”) drill exploration program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.

Key Points:

These results are part of the 2023 Reverse Circulation (“RC”) drill exploration program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.
0.61 grams per tonne (“g/t”) gold (“Au”) over 76.2 meters (“m”), including 2.47 g/t Au over 12.2 m in hole LBP941.
Drill results from 8 additional RC drill holes completed in the Rangefront Zone have been received with results showing the known mineralization continues to the east and becomes thicker with better grades than blocks in the current resource model.
Jason Attew, President and CEO of Liberty Gold commented, “These new drill results from Rangefront highlight the ongoing discovery potential at Black Pine, we know when we see these thick, oxide mineralized zones that they can continue for quite some distance, and we look forward to additional drill testing in this area with the goal of expanding the existing resource pit substantially.”

Liberty Gold Advances Black Pine Oxide Gold Project with the Submission of a Mining Pre-Plan of Operations to US Federal Agencies and the Selection of a Lead Engineer for the Pre-Feasibility Study

Retrieved on:

Wednesday, September 6, 2023

Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., has prepared and submitted the mining Pre-Plan of Operations (“PPO”) for the Black Pine Oxide Gold Project (“Black Pine Project”), a critical step in the advancement of the project into the Federal and State permitting process and onwards, towards production.

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Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., has prepared and submitted the mining Pre-Plan of Operations (“PPO”) for the Black Pine Oxide Gold Project (“Black Pine Project”), a critical step in the advancement of the project into the Federal and State permitting process and onwards, towards production.
The project encompasses a largely contiguous block of 622 unpatented federal lode claims, state minerals, and private properties hosting a multi-million ounce oxide gold mineral resource.
The extracted oxide gold mineralization would be processed using the well-established run-of-mine heap leaching method, with gold produced as dore bars on site.
"We are excited to take this significant step forward in the development of the Black Pine Project," stated Jason Attew, President and CEO of Liberty Gold.

Liberty Gold Reports Additional Drill Results from the Black Pine Oxide Gold Project

Retrieved on:

Tuesday, September 5, 2023

LGD, RC, Discovery Zone, Gold, OTCQX, TSX, Growth, Oil, Mining, Black pine

VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to report the latest assay results from a further 22 holes drilled in the Back Range Zone and the Discovery Zone. These results form part of the ongoing 2023 Reverse Circulation (“RC”) drill exploration program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.

Key Points:

These results form part of the ongoing 2023 Reverse Circulation (“RC”) drill exploration program at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho.
Drill results are reported from 15 additional RC drill holes completed in the Back Range Zone, leaving 20 holes with pending assay results.
Results clearly demonstrate the strong lateral continuity of gold mineralization at Back Range, especially within the shallow, higher-grade oxide zones.
Jason Attew, President and CEO of Liberty Gold commented, “These new drill results from Back Range highlight the ongoing growth potential for Black Pine.

Liberty Gold Reports Q2 2023 Financial and Operating Results

Retrieved on:

Thursday, August 10, 2023

VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the six months ended June 30, 2023.

Key Points:

VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announce its financial and operating results for the six months ended June 30, 2023.
Published reverse circulation exploration drill results from:
3.74 g/t Au over 21.3 m including 15.85 g/t Au over 3.0 m in LBP9061; and
0.77 g/t Au over 65.5 m including 2.47 g/t Au over 10.7 m in LBP9323.
2.83 g/t Au over 25.9 m, including 7.88 g/t Au over 3.0 m in LBP8492;
2.13 g/t Au over 21.3 m, including 8.67 g/t Au over 4.6 m in LBP8642; and
0.80 g/t Au over 29.0 m in LBP8841.
3.28 g/t Au over 10.7 m and 0.52 g/t Au over 51.8 m in LBP8931; and
0.86 g/t Au over 25.9 m including 1.80 g/t Au over 6.1 m in LBP9203.