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Liberty Gold Reports Q1 2023 Financial and Operating Results
VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the “Company”), is pleased to announc
About this update from Liberty Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, May 11, 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 three months ended March 31, 2023. All amounts are presented in United States dollars unless otherwise stated. FIRST QUARTER OF 2023 AND RECENT HIGHLIGHTS At the Black Pine project (“Black Pine”), we: Reported weighted average 86.9% gold extraction1 from 24 metallurgical column leach tests on Rangefront Zone oxide gold mineralization, showing that the Rangefront Zone comprises the most leach-amenable oxide material at Black Pine. Key results include2: Gold extractions ranging from 54.1% to 95.8%. >80% of leachable gold extracted within 10 days. Announced an update to the independent mineral resource (the “Black Pine Resource”). The new Black Pine Resource3 is reported using a constraining resource pit at a cut-off grade of 0.20 grams per tonne (“g/t”) gold (“Au”) and consists of: An indicated resource of 2,613,000 ounces of oxide gold at an average grade of 0.52 g/t Au and totalling 157,267,000 tonnes (“t”); and An inferred resource of 483,000 ounces of oxide gold at an average grade of 0.43 g/t Au and totalling 35,150,000 t. Published reverse circulation (“RC”) exploration drill results from other areas including: Rangefront Area: 2.13 g/t Au over 18.3 metres (“m”) including 10.3 g/t Au over 1.5 m in LBP7934; 1.19 g/t Au over 33.5 m including 3.33 g/t Au over 4.6 m in LBP8094; 0.72 g/t Au over 35.1 m, including 1.83 g/t Au over 6.1 m and 0.89 g/t Au over 22.9 m in LBP8616; 0.86 g/t Au over 25.9 m, including 2.26 g/t Au over 6.1 m in LBP8006; 0.71 g/t Au over 18.3 m starting from 16.8 m downhole, including 1.45 g/t Au over 6.1 m in LBP8726. M Zone: 7.07 grams g/t Au over 18.3 m including 11.92 g/t Au over 10.7 m and including 46.7 g/t Au over 1.5 m in LBP8135; 2.83 g/t Au over 25.9 m, including 7.88 g/t Au over 3.0 m in LBP8496; 2.13 g/t Au over 21.3 m, including 8.67 g/t Au over 4.6 m in LBP8646. 1.17 g/t Au over 47.2 m from 54.9 m including 2.23 g/t Au over 15.2 m in LBP7365; and 0.93 g/t Au over 38.1 m from 86.9 m including 2.35 g/t Au over 6.1 m in LBP8235; Back Range5: 3.10 g/t Au over 27.4 m from 50.3 m including 4.33 g/t Au over 18.3 m...