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Liberty Gold Reports on Progress at the Goldstrike Oxide Gold Project, Utah
VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to provi
About this update from Liberty Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to provide a progress update on activities related to process water supply, lands exchange and assessing gold recovery potential from the historic leach pads at its Goldstrike Oxide Gold Project (“Goldstrike”) in southwestern Utah. HIGHLIGHTS Process Water Supply Liberty Gold has retained Loughlin Associates and LRE Water, both experienced water exploration and evaluation consultant groups in the Great Basin, to design and execute a hydrological evaluation of potential water sources in the region. Desktop studies have commenced and field work is anticipated to start in July. Water supply requirements for a future mining operation range from 1,000 to 1,200 acre feet per annum (“AFA”); or ~39 to 47 litres per second (“l/s”), with an upper limit of 1,500 AFA (59 l/s). Potential Land Exchange A block of land surrounding the Goldstrike deposit has been included in a proposed land exchange between The US Bureau of Land Management land exchange with the Utah School and Institutional Trust Lands Administration. The “Utah School and Institutional Trust Lands Exchange Act of 2023”, Senate Bill 1405, was presented to the US Congress in May and is currently in the committee stage in both the House and the Senate. The Company continues to monitor progress of this legislation through the approvals process. Metallurgical Testwork Metallurgical studies at Goldstrike are testing the amenability of heap leaching the historically mined materials thus potentially providing an opportunity to process this early in a future heap leach mining operation, increasing mine life, and improving the project economics. Sonic drilling in the Hamburg/Main/Hassayampa area generated four composites of previously leached oxide ore from the two historic leach pads (“Leach Pads”), two composites of pad backfill (material underlying the Leach Pads, filling previously mined open pits) and two composites of waste rock materials. Metallurgical column leach testing was completed with key results including: Leach Pad Material Weighted average gold extraction1 from column leach tests: Leach Pad 1 (run-of-mine) 62.0% Leach Pad 2 (-4 inch crush/agglomerate) 39.5% Backfill (material underlying the Leach Pads): Pad Backfill - H...