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Liberty Gold Announces Intention to Spin-Out Goldstrike/Antimony Ridge Project, Southwest Utah to Create a New U.S. Strategic Metals Company
VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX...
About this update from Liberty Gold Corp
[{"type":"text","content":"Liberty Gold Announces Intention to Spin-Out Goldstrike/Antimony Ridge Project, Southwest Utah to Create a New U.S. Strategic Metals CompanyNew Discovery of A Third High-Grade Surface Zone at Antimony Ridge with Sample Grades +3% Sb; Mineralized Horizon Strike Length Now Exceeds 2 kilometres in Outcrop, with Soil Geochemical Anomalies over a 5-kilometre Zone\n\n\n\n VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the discovery of a third zone of high-grade antimony mineralization at Antimony Ridge. As a result, the Company intends to “spin-out” the Goldstrike Project with the Antimony Ridge discovery into a separate entity. This creates for shareholders, an interest in both Liberty Gold, moving Black Pine Oxide Gold through permitting into production and in “NewCo”, a new United States (“U.S.”) strategic metal focussed exploration & development company initially based on the high-grade antimony discovery at Antimony Ridge. Full details of the proposed arrangement will be released in due course and it is expected to be subject to customary conditions, including shareholder, regulatory and court approval.\n \n\n\n Antimony Ridge Highlights\n \n\n\n\n Discovery of a new +400 meter (“m”) long, third zone of coarse-grained, high-grade antimony (“Sb”) oxide mineralization, located ~1.5 kilometres (“km”) west of the previously identified high-grade mineralization (see previous news releases dated\n \n September 5, 2024\n \n and\n \n November 18, 2024\n \n ).\n \n\n The silicified breccia bodies, which host the antimony mineralization have now been mapped in outcrop over a cumulative strike length of more than 2 km, with anomalous antimony values in soils indicating an additional ~3 km of potential strike length of mineralized bodies.\n \n\n Surface samples from the new discovery show significant antimony values, up to +3% Sb and up to 0.68 grams per tonne (“g/t”) gold (“Au”). Large areas of surface outcrop remain unsampled and are the focus of currently active field programs.\n \n\n Metallurgical results from two surface samples of high-grade oxide mineralization tested indicate tha...