Liberty expands Black Pine with high-grade hits, shares up
Liberty Gold (LGD-TSX) announced on Tuesday additional reverse circulation drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho.
The company identified nine regional oxide gold targets over a 7.3 square kilometre permit area to be tested in 2020.
Liberty Gold’s third high-grade oxide gold discovery (D-3 Zone) continues to deliver thick intervals of oxide gold mineralization, with 1.44 grams per tonne gold over 96 metres, including 1.95 g/t Au over 32.0 m and 1.86 g/t Au over 29.0 m.
The company also reported high-grade results at D-1 Southeast Extension Zone, with 3.04 g/t Au over 19.8 m including 8.54 g/t Au over 4.6 m.
“We continue to deliver on our commitment to test new targets throughout the 7.3 km2, permitted portion of the Black Pine gold system, and this approach continues to yield new discoveries and outstanding results,” said Cal Everett, President and CEO of Liberty Gold in a media statement.
Black Pine is a Carlin-style gold system in the northern Great Basin. The past-producing operation generated 435,000 gold oz. between 1991 and 1998 at a head grade of 0.7 g/t gold from seven pits. Anomalous gold mineralization in soils has been traced at the 49-sq.-km site over 12 sq. km.
Liberty’s stock was trading up 7.5% Tuesday afternoon on the TSE. The company has a C$555 million market capitalization.