Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) provided a Q3/19 operational and financial update in a news release.
As for its operations, during Q3/19 at Black Pine in Idaho, Liberty Gold expanded on two new discoveries, drilled eight holes there, identified long intervals of high-grade oxide mineralization, launched a core drill program and announced results from an ongoing reverse circulation drill campaign.
At Goldstrike in Utah, the company announced drill results and noted that mineralization in the resource model remains open.
Regarding its finances, during Q3/19 Liberty Gold experienced a loss of $2,931,000, or $0.01 per share.
On Sept. 10, the company completed a bought-deal financing of $12,030,000. As of Sept. 30, 2019, Liberty Gold had $12,960,000 in cash and short-term investments along with $11,887,000 in working capital. Total assets were $40,717,000.
Liberty Gold noted that it is "focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly region that is home to large-scale oxide gold systems ideal for open-pit mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho."
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