Liberty Gold drills 0.61 g/t gold over 76.2 metres at Black Pine, Idaho

Liberty Gold Corp. [LGD-TSX; LGDTF-OTCQX] reported the latest assay results from an additional eight holes drilled at the Rangefront zone, with most holes focused on the eastern margin of the known deposit area. These results are part of the 2023 reverse circulation (RC) drill exploration program at its 100%-owned Black Pine oxide gold project in southeastern Idaho.

Rangefront zone highlights: 0.61 g/t gold over 76.2 metres, including 2.47 g/t gold over 12.2 metres, in hole LBP941; and 0.45 g/t gold over 73.2 metres, including 1.50 g/t gold over 3.0 metres, in hole LBP954.

Drill results from 8 additional RC drill holes completed in the Rangefront zone have been received with results showing the known mineralization continues to the east and becomes thicker with better grades than blocks in the current resource model. These holes were drilled on the eastern margin of the resource area and were planned to test for extensions to the modeled mineralization and to convert inferred resource blocks to indicated resource blocks as the area had only been sparsely tested with shallow historic drilling.

This drilling shows a large area of oxide mineralization, that is predominantly outside of the current pit constrained resource and is still open for expansion to the north and south. This area is roughly 200 m x 200 m in plan view and extends from near surface to a depth of about 200 metres. The area to the east is unconstrained by any drilling and the area to the south has only been tested by shallow historic drilling.

This new drilling pushes the known extents of mineralization at the Rangefront zone to an area roughly 1,000 m by 1,000 m with room to grow the deposit to the east, north and south.

Jason Attew, president and CEO, commented, “These new drill results from Rangefront highlight the ongoing discovery potential at Black Pine, we know when we see these thick, oxide mineralized zones that they can continue for quite some distance, and we look forward to additional drill testing in this area with the goal of expanding the existing resource pit substantially.”

Rangefront zone key points: The eastern margin of Rangefront continues to show strong oxide mineralization that will be included in the resource estimate update to begin later this year.

Stronger grades and thickness of mineralization indicate that the preferential host rocks are increasing in thickness to the east. Mineralization begins at or near surface in bedrock that is covered by a thin layer of post-mineral alluvium. Newly discovered mineralization in the eastern margin of Rangefront is all oxide and above the water table.