Additional Results At The M Zone And Rangefront Zone At Black Pine Oxide Gold Deposit

VANCOUVER - Liberty Gold Corp. reported on results from the 2023 Reverse Circulation (RC) exploration drill program at its Black Pine Oxide Gold Project in southeastern Idaho. These results are from holes drilled in the first quarter of 2023, designed to follow up on a newly discovered high-grade, near-surface zone of gold mineralization in the western M Zone and to expand and upgrade the current mineral resource estimate in the Rangefront Zone.

Assay results have been received from an additional 14 holes drilled in the western M Zone including drill holes offsetting the high-grade intercept of 7.07 g/t Au over 18.3 m in hole LBP813. Several holes have been completed to the west of this drill hole targeting a W-NW trend to the mineralization. The same tenor of mineralization was encountered in drill hole LBP864, with a high-grade intercept of 19.2 g/t Au over 1.5 m. This result points to the potential for a larger, more continuous zone of high-grade mineralization in this area. One RC drill is presently active in this part of the M Zone, following up with multiple step out holes and similar oxide alteration has been intersected in some holes; assays are pending.

Assay results have been received from an additional 39 resource infill and offset holes in the Rangefront Zone, with a focus on the northeast margin of the known mineralization. These were designed to upgrade inferred resource to the indicated class, ahead of a planned economic study later in the year. The near-surface, higher-grade mineralization in hole LBP872 is at present an isolated result, and further drilling is planned for the second half of 2023 to expand on Rangefront Zone margins, where they are still open to the west, northeast, east and south.

Jason Attew, President and CEO, said, “We are excited to be adding a second rig to the program as weather conditions improve and access to permit area opens. These early results from M Zone and the Rangefront Zone are intriguing and point to the potential for the discovery of more higher-grade zones and near-surface mineralization. With multiple target areas remaining untested, funding for a further 20,000 meters of drilling in 2023 and an evolving story at the M Zone, we look forward to another year of unlocking Black Pine’s full oxide gold potential.”