Liberty Gold Reports Results From Near-Surface Resource Expansion Drilling, Black Pine Deposit, Idaho

About this update from Liberty Gold Corp

[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to report Reverse Circulation (“RC”) drill results from the M Zone at its Black Pine oxide gold project in southeastern Idaho.   These results are part of an ongoing 65,000 metre (“m”) drill program at Black Pine designed to: Upgrade the current resource and discover new oxide gold mineralization, Add to the endowment of near-surface, higher-grade, oxide gold mineralization potentially accessible in the first one to three years of a future mining operation, Drill out gold mineralization between smaller resource pits, linking larger zones of continuous oxide gold mineralization. This is expected to result in defining fewer, larger resource pits and in doing so, improving the potential for future, bulk open pit mining operations. Three RC rigs are currently drilling on the property, focused on the Rangefront Zone, M Zone and the Section 36 area (recently permitted). These efforts will continue through the end of the year, and we expect to drill through the winter months, subject to weather conditions, to maximize drill metres in the lower elevation areas at Black Pine. The geological model will be updated progressively over the remainder of 2022, with a new mineral resource estimate to be released in Q1 2023. “Drilling in the M Zone is part of a focused strategy to deliver a readily permittable, low initial capex, high rate of return oxide gold mining project at Black Pine. We achieve this in part by the merging of multiple smaller resource pits into fewer, larger pits, and by identifying and drilling areas of higher-grade, near-surface gold mineralization that might be accessed in the early years of mining,” stated Jason Attew, the recently appointed President and CEO of Liberty Gold. “After demonstrating this potential in the F Zone, our next target was the M Zone, where we have expanded near-surface, high-grade gold mineralization between and beyond the resource pits. We are now well set up for a substantive upgrade to the Black Pine Mineral Resource, planned for release in the first quarter 2023.” For a map and section showing locations of drill holes in this release click here. For a table showing complete drill results from the current release, click here. M ZONE EXP...

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