Drill Results From Western And Main Zone At Goldstrike

 

VANCOUVER - Liberty Gold Inc. reported additional drill results from the Western Zone and Main Zone at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. In both areas, drilling is currently focused on amalgamating mineralization over large areas into single zones of mineralization. Both zones measure over 2 km long and up to 1 km wide, with areas of untested, high-conviction target potential.

Highlights from the Western Zone include: 0.79 grams per tonne gold (g/t Au) over 9.1 meters (m) and 0.38 g/t Au over 19.8 m and 1.40 g/t Au over 10.7 m within 0.99 g/t Au over 25.9 m in PGS320; 0.77 g/t Au over 4.6 m and 0.51 g/t Au over 64.0 m in PGS322 and 1.72 g/t Au over 7.6 m within 0.70 g/t Au over 42.7 m in PGS324; 1.60 g/t Au over 10.7 m within 0.79 g/t Au over 42.7 m in PGS339. The newly-defined Western Zone considers five targets as potentially a single linear gold zone up to 3 km long. The objective of the current drill program in this area is to drill under and adjacent to four historic open pits (Covington, Moosehead, Caribou and Beavertail) in order to demonstrate continuity of gold mineralization over the entire zone. The results continue to highlight long intervals of gold mineralization beginning at shallow depth, hosted in the Claron Formation (regional gold host) as well as in underlying Paleozoic rocks and fault breccias. Drilling is ongoing with two drills in the Western Zone, which encompasses over 3 square km with areas of known mineralization on surface or at shallow depth bracketing large, untested areas in between. Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada's Carlin trend. Like Kinsley Mountain and Newmont's Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in under explored parts of the Great Basin. The historic Goldstrike Mine operated from 1988 to 1994, with 209,000 ounces of gold produced from 12 shallow pits, at an average grade of 1.2 g/t Au.