Black Pine Oxide Gold Project Successful Expanded Deposit Footprints At Rangefront

VANCOUVER - Liberty Gold Corp. reported assay results from the 2024 reverse circulation (RC) exploration drill program at its Black Pine Oxide Gold Project in southeastern Idaho. These results are from step-out and infill drilling at Rangefront, M Zone and CD Pit as well as exploration drilling in the lower Burnt Basin target area.

The Company successfully expanded deposit footprints at Rangefront, M Zone and CD Pit, with mineralization remaining open to extension in all three areas. Further evaluation is planned for the 2025 feasibility resource drilling program. Areas of inferred mineralization, based on shallow historic or widely-spaced drilling at Rangefront and CD Pit show the potential for conversion of the extensive inferred resource into indicated for inclusion in a resource update, expected in the second half of 2025.

It is anticipated that there could be a significant increase in the indicated ounces in the updated resource estimate, and this could lead to an increased production rate or extend the mine life as compared to that published in the Preliminary Feasibility Study (PFS). The near-surface high-grade oxide gold discovery previously reported at Rangefront west has been expanded and is still open to the west, north and downdip to the east. This has the potential to improve on the early PFS production schedule and thus could improve the project economics in the early years. A zone of oxide gold mineralization in the typically barren lower plate shale unit was intersected in a hydrological hole drilled in the A pit. This opens an entirely new oxide gold target at Black Pine.

Pete Shabestari, VP Exploration, said, ”Ending the drill season on a high note was a perfect way to wrap up a transformational year for the Company in 2024. Drill results continue to point towards strong resource growth potential in all major areas. The gold system at Black Pine continues to impress with its size, structure, lateral extent, pervasive oxidation, highly beneficial metallurgy and now, intriguingly, the potential for a new oxide mineralization target in an underexplored rock unit at depth. We look forward to getting drills back into the field in Q2 this year to complete the feasibility resource drill out, targeting up to a half-million ounce conversion increase in indicated resources for the feasibility study.”