Business
Liberty Gold Reports Q3 2021 Financial and Operating Results
VANCOUVER, British Columbia, Nov. 10, 2021 (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, Nov. 10, 2021 (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 nine months ended September 30, 2021. All amounts are presented in United States dollars unless otherwise stated. Liberty Gold is focused on advancing the Black Pine and Goldstrike Carlin-Style oxide gold heap leach projects in the Great Basin, USA. HIGHLIGHTS: At Black Pine we announced the new D-4 Discovery at Rangefront including 0.91 grams per tonne of gold (“g/t Au”) over 86.9 metres (“m”) and 2.03 g/t Au over 21.3m at LBP356, and 1.23 g/t Au over 24.4 m and 1.37 g/t Au over 50.3 m at LBP358. Four drill rigs are currently on site and with a focus to continue aggressively drilling the Rangefront D-4 Discovery area and complete infill drilling in the Discovery Zone.1 Results released to-date from the 2021 drill program at Black Pine extended known gold mineralization in the Discovery Zone to the east and west and the E Zone to the west and north.2 On October 27, 2021, we released the results from the Phase 3 metallurgical program at Black Pine, which confirmed that high and rapid gold extraction, combined with relative insensitivity to crush size support Run-of-Mine (“ROM”) heap leach processing. At Black Pine we announced the first modern mineral resource estimate (the “Mineral Resource”):3 An indicated mineral resource of 1,715,000 ounces of gold at an average grade of 0.51 g/t Au and totaling 105,075,000 tonnes; and An inferred mineral resource of 370,000 ounces of gold at an average grade of 0.37 g/t Au and totaling 31,211,000 tonnes. A high-grade subset of the Mineral Resource using a cut-off grade of 0.5 g/t Au consists of: An indicated mineral resource of 1,020,000 ounces of gold at an average grade of 1.04 g/t Au and totaling 30,520,000 tonnes; and An inferred mineral resource of 134,000 ounces of gold at an average grade of 0.94 g/t Au and totaling 4,440,000 tonnes. From January 1, 2021, to the date of this MD&A, the Company received a total of C$12,626,850 from the exercise of 21,044,750 common share purchase warrants (“Warrants”), issued pursuant to the bought deal financing that closed on October 2, 2018; the Warrants were each exercisable for C$0.60 and expired on October 2, 2021. Of the warrant proceeds...