Liberty Gold Continues to Intersect High-Grade Oxide Gold in the D-3 Zone At Black Pine

VANCOUVER - Liberty Gold Corp. reported additional reverse circulation (RC) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho. Liberty Gold identified nine regional oxide gold targets over a 7.3 square kilometer (“km2”) permit area to be tested in 2020. To date, five targets have been tested, resulting in the D-3, F, and D-1 Southeast Extension discoveries, with assays pending from the Southwest Extension and D-1 Northwest Extension areas.  

“With three RC drills and one core drill currently operating, we are on track to meet our goal of giving the identified gold system a comprehensive test in 2020, while building resource ounces at the same time,” said Cal Everett, President and CEO. “The first half of the core drilling program is focused on obtaining large diameter core for Phase 3 metallurgical drilling, followed by a test of new targets. It is nice to see our goals being met, and even better that we are finding gold nearly everywhere that we look.”

Liberty Gold’s third high-grade oxide gold discovery (the “D-3 Zone”) continues to deliver multiple thick intervals of oxide gold mineralization. D-3 lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modeled to underlie most of the Black Pine gold system at depth. Drilling is presently focused on infill drilling as well as step-out drilling under the historic B pit.

High-grade oxide gold was also encountered in the D-1 Southeast Extension area, testing a 400 m-long gap in historical drilling between the historic B and Tallman pits. To date, Liberty Gold has drilled a total of 12 RC holes and one diamond core hole in this target, with additional step-out drilling planned on the basis of these results. Follow-up drilling around LBP150 yielded an intercept in similar strata approximately 35 m to the north.  Additional drill sites have been constructed in order to continue infill and step-out drilling on these encouraging results.

As new targets are drilled, infill and step out drilling are carried out where new discoveries are made, as is the case at the D-3 and D-1 Southeast Extension zones. One or more RC drills at any given time is carrying out regional drilling, as part of Liberty Gold’s commitment to a comprehensive test of the 7.3 km2 permitted area of the Black Pine gold system in 2020. Two additional targets have been the subject of recent drilling, including a large area southwest of the historic CD Pit (Southwest Extension), and an area north of the current limit of the D-1 zone (D-1 Northwest Extension).  The Southwest Extension contains a large gold-in-soil anomaly, measuring over 1 km2 in size, which has never had a drill test.  Portions of the holes drilled to date contain decalcified siltstone, breccias and iron oxides, which are indicators of gold mineralization elsewhere at Black Pine.  The area north of the D-1 zone, and on either side of the north end of it, contains areas of anomalous gold in surface soil samples, voluminous calcite-cemented breccias and widely-spaced, shallow, historic drill holes, most of which contain oxide gold.  Drilling is focused on testing below the limit of the historic drilling along projections of structural features, including the northwest extension of the D-1 zone.

Additional targets that will be tested in the near future include the M Zone in the northeastern portion of the gold system, and the Rangefront Target in the southeastern portion of the gold system.  Both areas have been tested in the past with shallow drill holes, often ending in mineralization.