Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release the results of the final 35 reverse circulation (RC) drill holes placed at its Black Pine oxide gold property in Idaho.
"We are happy to finalize all of the RC drilling from the 2020 program, which was highly successful by any measure," President and CEO Cal Everett said in the release.
Results are from the D-2, D-3, D-1 Southeast Extension, and M and Rangefront zones, and all returned "significant oxide gold intercepts." One highlight assay is 4.34 grams per ton (4.34 g/t) gold over 22.9 meters (22.9m), including 10.8 g/t gold over 6.1m, returned from hole LBP258 in the D-1 Southeast Extension. Another highlight is 1.14 g/t gold over 44.2m, shown in LBP259 in D-3.
The 2020 program, comprising 160 holes over 43,875 meters, led to "a significant new discovery in D-3," Everett added.
Now, an initial resource estimate for Black Pine is underway and expected to be done in Q2/21. Also coming up, on April 1, 2021, Liberty Gold plans to start its 2021 RC and core drill season.
"The 2020 program resulted in a significant new discovery at the D-3 zone, and virtually all of the regional targets returned mineralized intercepts. With the results in, we have begun work on a long-anticipated resource estimate, a major milestone on the road to advancing Black Pine as a development project," Everett stated.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.
