Business
Liberty Gold Announces First 2021 Drill Results for the Goldstrike Oxide Gold Deposit, Utah – Great Basin, USA
VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the "Company") is pleased to anno
About this update from Liberty Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (\"Liberty Gold\" or the \"Company\") is pleased to announce the first results of the 2021 Reverse Circulation (“RC”) drill program at the Goldstrike Oxide Gold Project in southwestern Utah (“Goldstrike”). A 15,000 metre (“m”) RC drill program at Goldstrike commenced June 2021, focused on resource conversion from inferred to indicated and testing areas where the deposit remains open laterally and to depth. Drill results in this release include 17 holes for 2,216 m, drilled in two areas: the historic Hamburg Pit, part of the Main Zone where the majority of the gold ounces discovered to date are located; and the Beavertail deposit located to the southwest. Cal Everett, President and CEO of Liberty Gold stated, “Today’s drill results continue to demonstrate that Goldstrike remains a high-quality PEA stage development project with upside, and compelling economic returns at current gold prices. Although our primary focus has been on advancing Black Pine for the last two years, we have returned to Goldstrike this year with a modest budget to continue de-risking the project in parallel with Black Pine. These early drill results indicate progress towards our goal of converting inferred blocks to indicated and provide potential to increase the grade in some parts of the resource.” HIGHLIGHTS Drill results confirm and extend upon the previous resource, consistently returning intercepts of shallow (0-100 m), high-grade mineralization, particularly in areas down-dip on fault zones, which remained open following previous drill programs. Main Zone – Hamburg Pit results include: PGS 748: 2.09 grams per tonne (“g/t”) gold (“Au”) over 22.9 m, including 4.36 g/t Au over 9.1m PGS 754: 3.60 g/t Au over 15.2 m, including 7.75 g/t Au over 6.1 m PGS 753: 1.19 g/t Au over 39.6 m including 1.89 g/t Au over 10.7 m Beavertail, results include: PGS 739: 1.02 g/t Au over 12.2 m, including 6.01 g/t Au over 1.5 m Down-dip and lateral extensions to oxide gold mineralization have been identified in both the Hamburg and Beavertail areas. Based on results to date, trenching of surficial deposits, additional metallurgical drilling and testing, and initiation of baseline studies have been approved for execution this year, to further advance the project. Dril...