Liberty Gold Announces Updated Resource Estimate for the Black Pine Oxide Gold Deposit, Idaho
VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce an update to the independent Mineral Resource Estimate (the “Resource” or “MRE”) at its Black Pine Oxide Gold Project (“Black Pine”) in southeastern Idaho. The updated Resource builds on the maiden resource released on July 13, 20211, and includes an additional 528 Reverse Circulation (“RC”) and core holes (126,726 metres) drilled by Liberty Gold between April 2021 and October 2022.
- Rounding as required by reporting guidelines may result in apparent discrepancies between tonnes, grades, and contained gold content.
- As of December 31, 2022, Liberty Gold has expended approximately US$48.7 million dollars all-in on the project, including acquisition costs, or approximately US$16 per resource ounce of gold.
- “The updated MRE represents the next step in validating our hypothesis that the Black Pine gold system may be the largest oxide gold system in the Great Basin not currently being mined,” stated Moira Smith, Liberty Gold’s Corporate Technical Advisor.
- The Discovery Zone continues to host the largest contiguous body of gold mineralization at Black Pine, with the Rangefront Zone now the second largest.