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Liberty Gold Reports Year-End 2024 Financial and Operating Results
VANCOUVER, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQ...
About this update from Liberty Gold Corp
[{"type":"text","content":"Liberty Gold Reports Year-End 2024 Financial and Operating Results\n\n\n\n VANCOUVER, British Columbia, March 25, 2025 (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 fiscal year ended December 31, 2024. All amounts are presented in United States dollars unless otherwise stated.\n \n\n\n FOURTH QUARTER OF 2024 AND RECENT HIGHLIGHTS\n \n\n\n\n On October 7, 2024, we announced the close of the sale of the TV Tower project in northwest Türkiye, through the sale of our 73.7% owned subsidiary Orta Truva Madencilik Şanayi ve Ticaret A.Ş to a major Turkish mining and construction company. The first of three staged consideration payments of $3.7 million was received on October 4, 2024. Our share of the remainder of the gross proceeds will be paid in two further stages as follows\n \n 1\n \n :\n \n\n $2.2 million on October 4, 2025; and\n \n\n $2.6 million on October 4, 2026.\n \n\n\n\n On October 24, 2024, we published our 2023 Environmental, Social and Governance disclosure update\n \n 2\n \n .\n \n\n\n\n At the Black Pine project in Idaho (“\n \n\n\n Black Pine\n \n\n\n ”),\n \n\n\n\n On October 10, 2024\n \n 3\n \n , we announced the results of a Black Pine preliminary feasibility study (“\n \n Black Pine PFS\n \n ”), demonstrating the commercial viability of an open pit, run-of-mine heap leach operation with a one-year construction period.\n \n\n As part of the Black Pine PFS, a first-time mineral reserve for Black Pine was released, and the mineral resource previously published on February 15, 2024\n \n 4\n \n , was updated.\n \n\n On December 4, 2024\n \n 5\n \n , we announced assay results from Rangefront exploration drilling, significantly expanding the footprint of the mineralized zone; highlights include:\n \n\n 1.44 grams per tonne of gold (“\n \n g/t Au\n \n ”) over 30.5 meters (“\n \n m\n \n ”) including 3.25 g/t Au over 9.1 m; and\n \n\n 0.61 g/t Au over 77.7 m including 2.15 g/t Au over 4.6 m.\n \n\n\n\n On February 6, 2025\n \n 6\n \n , we announced results from step-out and infill drilling, successfully expanding the deposit footprints at Rangefront, M Zone and CD Pit, with mineralization remaining open to extension ...