Goldstrike Oxide Gold Project Drill Program

VANCOUVER - Liberty Gold Corp. reported on the 2021 Reverse Circulation (RC) drill program at the Goldstrike Oxide Gold Project in southwestern Utah. A 15,000 meter (m) RC drill program at Goldstrike commenced in June, focused on resource conversion from “Inferred” to “Measured and Indicated” and testing areas where the deposit remains open laterally and to depth. Drill results are from the Hamburg Pit area, part of the Main Zone, which hosts greater than 65% of the resource. The drill results to date continue to demonstrate the presence of continuous, well-mineralized corridors in the Main Zone area, building confidence in the resource modeling. Goldstrike is a past-producing, oxide, heap leach gold mine that contains a large, shallow, district–scale, Carlin-style gold system. It follows a 7 kilometer-long, north-dipping unconformity with higher-grade gold intervals located along west-northwest-striking faults.

Cal Everett, President and CEO, said, “The Goldstrike Project coupled with Black Pine in southeastern Idaho, represent two high-quality, oxide gold development assets in the Great Basin. While our focus has been on Black Pine for the last two years, with the rise in gold price and increased market recognition of Goldstrike, we have returned to the project this year to continue de-risking the asset towards a pre-feasibility study decision. The objective of the 2021 drill program is to continue to push the pit constrained, 925,000 oz Indicated Resource outwards and downwards with the goal to upgrade the 296,000 oz Inferred Resource.”