Liberty Gold expands new high-grade gold zone at Black Pine, Idaho

Share this article

Liberty Gold Corp. [LGD-TSX] announced additional reverse circulation (RC) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, United States.

As announced on June 23, a third high-grade oxide gold discovery (D-3 Zone) was identified in close proximity to the D-1 and D-2 Zone discoveries made in 2019. The D-3 Zone lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modelled to underlie at least the southern two-thirds of the Black Pine gold system.

Eight additional holes have extended mineralization over 400 metres in a north-south direction by 250 metres in an east-west direction. D-3 remains open for extension in all directions. Drill hole LBP138 lies at the south end of the zone as currently defined, and returned 1.20 g/t gold over 67.1 metres, including 2.57 g/t gold over 16.8 metres. The hole bottomed in mineralization, with the last 1.54-metre long interval returning 0.84 g/t gold. Refer to company press release for complete assays.

“The new drill results confirm that the D-3 Zone is a significant new discovery,” said Cal Everett, President and CEO. “Given the grade, thickness and dimensions that are beginning to take shape, we believe that D-3 will have a positive material impact on the resource endowment at Black Pine. Each D-3 drill hole to date contains multiple reportable oxide gold intervals above 0.5 g/t gold.”

Drilling is continuing to in fill and step out on the D-3 zone, which will bring more clarity to the overall size and orientation of this discovery. Currently 10 drill holes define D-3. Additional drilling is under way to determine the overall size and extent of the D-3.

In mid-morning trading on July 16, shares of Liberty Gold gained $0.05 to $2.09 on a volume of 383,800 shares traded.

Share this article

Leave a Reply

Your email address will not be published.

Don't miss the


Exclusive editorial

Breaking News

Quality Company Coverage

Expert Writers

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Resource World Magazine will use the information you provide on this form to be in touch with you and to provide updates and marketing.