Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.
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A prefeasibility study was done, and it outlines "a simple, lower-risk and long-lived operation with an attractive cost profile," noted a Canaccord Genuity report.
Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) has announced that it has received final approval from the United States Forest Service (USFS) for an amendment to its Plan of Operations at the Black Pine Oxide Gold Project in Idaho. With drilling underway, find out what this means for the project's future.
Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQX) recently announced the approval of the fourth Plan of Operations amendment on its Black Pine oxide gold project, according to a Ventum Capital Markets research note.
This bodes well for the impending updated resource estimate and subsequent prefeasibility study of the explorer's mining project in Idaho, noted a PI Financial report.
Recently, Liberty Gold Corp. released impressive drill results from its Black Pine gold project in southeastern Idaho, noted a PI Financial research note.
The company, on which BMO Capital Markets just launched coverage, is advancing two projects in the Great Basin with strong resources and growth potential, noted an initiation report.
Metallurgical tests on ore from a gold project in Idaho yielded an 87% average metal recovery and showed quick leach times, noted a PI Financial report.
Oxide material metallurgical test results return "encouraging" column leach results from the Rangefront Zone at Liberty Gold Corp.'s flagship Black Pine project in Idaho, an analyst says.
This company's Idaho gold project boasts high-grade, near-surface oxide upside, as indicated by newly reported drill results, noted a PI Financial report.
Just weeks after announcing that it had increased its resource estimate for its flagship project in southern Idaho, Liberty Gold Corp. releases drill results that include the highest-grade gold assay ever returned at the project.
Building on a maiden resource released in 2021, Liberty Gold Corp. announces it has substantially increased its resource estimate for its flagship Black Pine project in southern Idaho.
New drill results from this project in Idaho indicate the need for more drilling to determine the true extent of the present mineralization, noted a Haywood Securities report.
The metals explorer will continue drilling at this property through the winter in preparation for a Q1/23 resource estimate update, noted a PI Financial report.
Two recent events help the firm in its efforts to secure water and power access for a future mining operation there, noted a Haywood Securities report.
The explorer's ongoing exploration results at this project continue to be encouraging ahead of a mineral resource update expected next year, noted a Haywood Securities report.
New results from this area between two deposits show greater widths and consistent grades when compared to previously reported intercepts from there, noted a National Bank of Canada report.
New drill results from this Idaho project also showed there is at-surface mineralization of higher grades than the average of the current resource, noted a Desjardins report.
Drill results from Liberty Gold Corp.’s flagship Black Pine project in Idaho show that the site’s largest areas of concentrated gold are connected.
This means the pads could be leached again, and cyanide solubility test results indicate the process could be done economically, noted a PI Financial report.
"The system appears to have a life upon itself, extending beyond the drill bit on several zones and leading outside the boundary of the exploration license," noted a Haywood Securities report.
Liberty Gold Corp. reported it has obtained water rights at the Black Pine area, which is more than sufficient to meet the requirement of its 70,000 tpd open pit, heap leach mining operation. Haywood Capital Markets commented in a research note that Liberty recently acquired two key connecting parcels which further de-risks the company.
"Today's results from Liberty Gold show the growth potential inherent in the providence of the gold mineralized system on the project area," noted a Haywood Securities report.
Liberty Gold's "upcoming preliminary economic assessment on Black Pine, along with ongoing drilling updates, may represent meaningful catalysts to spur a rerate opportunity," noted a Haywood Securities report.
Haywood Capital Markets commented in a research report that the newly announced discoveries at Liberty Gold Corp.'s Black Pine Project highlight the unbounded nature of the underlying gold system. Haywood rates Liberty Gold as a "Buy" and recommends accumulating shares at current price levels.read more >
A Haywood report noted Liberty Gold's Black Pine deposit is "capable of eventually supporting a multi-million-ounce low-cost, heap leach project in a tier-one jurisdiction."read more >
These final 2020 assays from Liberty Gold's Black Pine along with the company's 2021 exploration progress and upcoming catalysts are covered in a PI Financial report.read more >
Liberty Gold Corp. released an updated resource report for its gold-copper project in Turkey, increasing the resource three-fold, which according to Haywood Capital Markets may help to strengthen funding sources for development work at its flagship Black Pine Gold Project in Idaho.read more >
The final results of Liberty Gold's 2020 drill program at Black Pine and the company's upcoming catalysts are discussed in a Haywood Securities report.read more >
The amendment to Liberty Gold's plan of operations for Black Pine and recent drill results from the project are discussed in a Haywood Securities report.read more >
Liberty Gold Corp. announced drill results from five regional targets demonstrating significant widths of oxide gold at its Black Pine project in southern Idaho.read more >
The likelihood that Liberty Gold will keep bolstering its upcoming maiden resource estimate for Black Pine through drilling is discussed in a Haywood report.read more >
Liberty Gold Corp. announced infill drill results from two zones at its Black Pine Project that included 1.41 g/t Au over 22.9 meters and 1.51 g/t Au over 56.4 meters.read more >
In the arrangement, the company will garner a 1% net smelter return royalty.read more >
Expert Comments:
Ventum Capital Markets
(11/2/24)
"Liberty Gold Corp.'s prefeasibility study (PFS) for its Black Pine oxide gold project was largely in line with our expectations (on a project net asset value basis). . .overall, the PFS, in our view, outlines a robust and flexible operation capable of producing over 180 Koz annually over an initial 17-year mine life (135 Koz life-of-mine average), with the potential for further economic improvement."
Peter Bell, Canaccord Genuity
(10/10/24)
"Liberty Gold Corp. released the results of a prefeasibility study for its 100%-owned flagship Black Pine project. . .we believe the study highlights a simple, lower-risk and long-lived operation with an attractive cost profile."
Brian Quast, BMO Capital Markets
(10/10/24)
"Exploration results at Black Pine have resulted in Liberty Gold Corp. announcing an initial reserve of 3.1 Moz, while increasing both its Measured & Indicated (M&I) resource (3.2 Moz to 4.2 Moz) and Inferred resource (0.3 Moz to 0.7 Moz). This has resulted in a total inventory (M&I and Inferred) increasing from 3.5 Moz to 4.9 Moz."
Alex Terentiew, Ventum Capital Markets
(10/10/24)
"We believe Liberty Gold Corp. trades as one of the least expensive developers with an enterprise value/ounce of total resources of just $15 per ounce. As the project's economics are now more clearly defined, we anticipate a rerating of the stock."
Haywood Securities
(10/10/24)
"Liberty Gold Corp. announce[d] a preliminary feasibility study for the Black Pine project in Idaho, projecting a 17-year mine life with a run-of-mine oxide heap-leach process, producing 2 Moz in total at an average of 135 Koz ounces annually. . .the project offers a 32% internal rate of return at $2,000 gold and would be a nice bolt-on for a midtier producer, once permits are finalized."
Jordan Roy-Byrne, The Daily Gold
(9/15/24)
"Liberty Gold Corp. is a stock that should really catch fire and outperform."
More Expert Comments
Ventum Capital Markets
(8/28/24)
"Flexing our metal price forecasts by 10% for all producers and developers under coverage, NAVPS growth for Liberty Gold Corp. stands to benefit the most from a further rally in metal prices (initial economic study on Black Pine is due this quarter)."
Jordan Roy-Byrne, The Daily Gold Premium
(8/25/24)
"[There was a] solid move in Liberty Gold Corp., which has [the] technical set-up to pop much higher soon. Buy on any weakness. Rated accumulate because it popped recently."
Jordan Roy-Byrne, The Daily Gold Premium
(7/21/24)
"Liberty Gold Corp. is a good to very good value in a static gold market. . .if we factor in a real bull market in gold, there is quite a bit more upside."
Jordan Roy-Byrne, The Daily Gold Premium
(7/6/24)
"Liberty Gold Corp. closed the week up 5%. . .the stock bounced at its 200-day moving average. That is the first hold of a flat or rising 200-day moving average in several years."
Lauren McConnell, Paradigm Capital
(6/11/24)
"We see significant opportunities for resource expansion at Black Pine, including a number of undrilled, sparsely drilled or shallowly drilled areas that surround the zones in the current resource and lie within soil anomalies, which extend beyond the drill tested areas. We believe with another drill program this will grow to over 4 Moz, and in the longer term believe it will grow beyond the 5 Moz mark."
Alex Terentiew, Ventum Capital Markets
(6/11/24)
"Liberty Gold Corp.'s expanded exploration permit for Black Pine allows the company to explore at least seven new targets that have been identified. . .drilling of the new target areas is set to commence this month, and considering Liberty Gold's track record of discovering new ounces at Black Pine, we expect defined resources to grow as gaps within the current resource are filled in and boundaries of the resource limits are extended."
Ventum Capital Markets
(5/28/24)
"Over the long term, we continue to view Liberty Gold Corp. as one of the companies with the most financial upside to higher metal prices. Flexing our metal price forecasts by 10% for all producers and developers under coverage, net asset value per share growth for the company stands to benefit the most from a further rally in metal prices."
Jordan Roy-Byrne, The Daily Gold
(5/26/24)
"Liberty Gold Corp.'s stock is a good value and starting to move. . .the company's Black Pine project will regain favor as gold climbs."
Brian Quast, BMO Capital Markets
(4/29/24)
"Liberty Gold Corp. announced a CA$9.5M nonbrokered, private placement that will close on or about May 17, 2024. . .we view this transaction as positive as this will allow the company to continue to explore and develop the Great Basin."
Alex Terentiew, PI Financial
(4/18/24)
"Liberty Gold Corp. announced the signing of a definitive agreement to sell its 72.1% interest in the company holding the TV Tower project. . .the transaction is expected to generate gross proceeds of $8.3M in cash to Liberty Gold. We view the sale of TV Tower as a positive development for the company as it will provide cash required for advancing Black Pine and Goldstrike without excessive shareholder dilution."
Jordan Roy-Byrne, The Daily Gold
(4/7/24)
"Liberty Gold Corp. is on our Top 10 Watch List. . .a resource update and prefeasibility study are coming for Black Pine in H1/24."
Brian Quast, BMO Capital Markets
(3/14/24)
"Liberty Gold Corp. has reported a comprehensive metallurgical update for Black Pine. . .overall, greater than 80% of leachable gold was extracted within 10 days with results, including a weighted average gold extraction of 84.2% with extraction rates ranging between 52.7% and 94.2%. We view these results as positive as this demonstrates the potential to add mineralization to its mineral reserves and resources in advance of the prefeasibility study."
Alex Terentiew, PI Financial
(3/6/24)
"We see room for upside with Liberty Gold Corp. The upcoming prefeasibility study we expect will both clarify the economic potential of Black Pine and also set the stage for development plans, permitting and financing to accelerate, laying the ground work for a construction decision potentially in 2027 or 2028."
Brian Quast, BMO Capital Markets
(2/28/24)
"Bringing Black Pine to production remains the focus for Liberty Gold Corp. . .the company is confident about putting Black Pine on a development pathway aimed at an 'environmentally simple and technically straightforward' project. Liberty is targeting a decision notice by H2/27."
Chris Thompson, PI Financial
(2/15/24)
"We are impressed with Liberty Gold Corp.'s revised resource estimate for Black Pine, which beat the company goal of 3 Moz Au at 0.5 g/t (Indicated). With Black Pine now flexing more gold ounces (Indicated and Inferred) than we include in our production model, the resource supports the potential for future gold production above and beyond our estimated ~200 oz Au annual production."
Chris Thompson, PI Financial
(1/18/24)
"We continue to be impressed by Liberty Gold Corp.'s ability to consistently deliver drilling success at Black Pine. The Back Range zone continues to deliver high-grade material with good recoveries, shaping itself as a key zone in the Black Pine complex."
Chris Thompson, PI Financial
(10/31/23)
"Liberty Gold Corp.'s northernmost hole (LBP1005) in Black Pine's Back Range zone returned impressive grades, and mineralization remains open. . .highlights include 0.42 g/t Au over 68.6m from 0m, including 1.08 g/t Au over 3m."
Peter Bell, Canaccord Genuity
(10/31/23)
"Today's assay results from Liberty Gold Corp.'s Black Pine have potential to incrementally increase the resource size at the Rangefront, M zone and Back Range deposits. . .overall, we believe these results bode well for the upcoming prefeasibility [study] on Black Pine."
Chris Thompson, PI Financial
(9/7/23)
"Liberty Gold Corp. released assays from eight drill holes as part of the 2023 reverse circulation campaign at its Black Pine gold project. . .we see regular drill results consistently adding and upgrading ounces across the project prior to an H2/23 resource update."
Lauren McConnell, Paradigm Capital
(9/7/23)
"The results of eight holes from Rangefront at Liberty Gold Corp.'s Black Pine show a large area of oxide mineralization that is predominantly outside of the current pit-constrained resource and is still open for expansion to both the north and south; this area is roughly 200m by 200m and extends from near surface to a depth of about 200m."
Geordie Mark, Haywood Securities
(9/7/23)
"Liberty Gold Corp.'s results from eight additional reverse circulation drill holes in the Rangefront zone at Black Pine confirm thicker, higher-grade mineralization to the east compared to the current resource model. . .work on the Rangefront zone incrementally derisks it for future resource conversion and mine planning. . .[This is] positive news showing good results in terms of resource size for the project."
Chris Thompson, PI Financial
(9/5/23)
"Liberty Gold Corp.'s 2023 drill program at Black Pine is advancing well with three reverse circulation rigs operating across target areas. We anticipate exploration news flow throughout H2/23, especially from offset drill holes along the western margin of the Back Range zone; an updated resource estimate is expected by 2023E."
Lauren McConnell, Paradigm Capital
(9/5/23)
"Liberty Gold Corp.'s drill results from Black Pine released today continue to support our thesis that the current total resource of 3.1 Moz at 0.5 g/t Au will grow to +4 Moz over the next one to two years. . .we continue to believe Black Pine offers a strategically appealing gold project for investors."
Geordie Mark, Haywood Securities
(9/5/23)
"Drill results from Back Range at Liberty Gold Corp.'s Black Pine project reveal high-grade potential of shallow gold mineralization that could go towards augmenting the early mining plan in the upcoming preliminary feasibility study. . .Discovery zone results reinforce the scale and continuity of oxide gold mineralization. . .we continue to be encouraged by ongoing exploration success at Black Pine."
Lauren McConnell, Paradigm Capital
(8/15/23)
"We believe Liberty Gold Corp. should trade at a premium given Black Pine's location, relatively simple process with flexibility, exploration upside and takeover potential. . .we initiate coverage of the company with a Speculative Buy rating."
Chris Thompson, PI Financial
(7/24/23)
"We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine. We see drill results confirming potential for adding and upgrading ounces prior to an H2/23 resource update."
Brian Quast, BMO Capital Markets
(7/14/23)
"We are initiating coverage on shares of Liberty Gold Corp. with an Outperform (Speculative) rating. The company is emerging as an early stage gold developer with two assets in the prolific Great Basin mining jurisdiction."
Chris Thompson, PI Financial
(6/20/23)
"We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine. We are particularly encouraged by the M zone continuing to intercept high-grade mineralization in stepout drilling from hole LBP813 (first intercepted in February 2023); we now see the oxide mineralized zone extended 80m to the west and 120m to the north."
Chris Thompson, PI Financial
(5/15/23)
"We attended a site visit to see Liberty Gold Corp.'s Black Pine project. . .we continue to see significant growth potential across numerous zones and anticipate continued resource growth prior to production."
Chris Thompson, PI Financial
(5/12/23)
"We continue to see Liberty Gold Corp.'s Black Pine as a multimillion-ounce gold development-stage opportunity with exploration upside. . .we feel that Black Pine will be a mine and that permitting will be pretty straightforward."
Chris Thompson, PI Financial
(4/20/23)
"We continue to be impressed by Liberty Gold Corp.'s exploration success at Black Pine, demonstrated by more near-surface high grade intercepts from the M zone. . .with the stock currently trading at about 0.3 times net asset value, we see significant value upside as the company advances Black Pine to a preliminary economic assessment/prefeasibility study stage of development."
Chris Thompson, PI Financial
(3/23/23)
"Metallurgical test results from oxide material from the Rangefront zone at Liberty Gold Corp.'s Black Pine project in southeastern Idaho returned encouraging column leach results with a weighted average gold recovery of 86.9%. . .results continue to support a technically simple, low initial capital, low operating cost, run-of-mine heap-leach processing route for Black Pine."
Chris Thompson, PI Financial
(2/22/23)
"Liberty Gold Corp. released drill results from 2022's reverse circulation drill campaign at its Black Pine gold project. . .grades of 46.7 g/t over 1.52m in a stepout hole from previous drilling well outside resources defined within the M zone come as a pleasant surprise. Also, the Back Range zone's potential to host new area of near-surface, high-grade oxide gold is reflected in results released."
Rabi Nizami, National Bank of Canada
(2/10/23)
"Liberty Gold Corp.'s updated Black Pine mineral resource totals 3.1 Moz at 0.5 g/t grade (was 2.1 Moz at 0.48 g/t) and adds +1 Moz (+48%) with a slight lift in the average grade (+4%). . .the increase is confidently driven by exploration success alone, not a change in cutoff."
Chris Thompson, PI Financial
(2/8/23)
"We are impressed with Liberty Gold Corp.'s recent revised resource estimate for Black Pine, which was delivered in line with expectations (both tons and in situ ounces). . .all in all, the resource estimate confirms our view of Black Pine's potential to deliver about 200 oz Au in average annual production over a healthy +10-year life of mine."
Geordie Mark, Haywood Securities
(12/14/22)
"Liberty Gold Corp.'s drill results from South Rangefront, A Basin Waste Area and Bobcat continue to push out at the known margins of the oxide gold mineralized system at Black Pine. . .drilling at Black Pine needs to be continued to not only seek expansion and confirmation of the systems' footprints within the U.S. Forest Service plan of operations area but also beyond its boundaries in several areas."
Chris Thompson, PI Financial
(12/14/22)
"Liberty Gold Corp. released drill results from reverse circulation and core drill holes from its Black Pine project. . .results continue to reflect potential for resource growth and refinement in multiple areas at Black Pine. We anticipate continued drilling at lower elevations during the winter months, aiding the company in refining its Black Pine resource model in preparation for an updated resource estimate, anticipated in Q1/23."
Chris Thompson, PI Financial
(12/6/22)
"Liberty Gold Corp. announced the completion of a field season together with select drill results from its 100%-controlled Goldstrike project in southwestern Utah. . .results from PQ core and reverse circulation holes support potential offered by Goldstrike as a small but potentially economically viable heap leach oxide gold deposit."
Geordie Mark, Haywood Securities
(11/29/22)
"Liberty Gold Corp.'s potential access to future water and power supply for Black Pine have been further derisked as the company has locked up another 1 mm3/year supply in water rights and [received] a positive outcome from an impact study from the Idaho Power Distribution Co. on the supply of up to 10 MW to the Black Pine mine gate. . .this amount of water far exceeds our projections needed to drive our production-oriented cash flow model."
11/18/2024 – Liberty Gold Announces Results from Field Sampling at the Antimony Ridge Discovery, Goldstrike Oxide Gold Project, Southwest Utah
11/13/2024 – Liberty Gold Reports Q3 2024 Financial and Operating Results
11/4/2024 – Liberty Gold Announces Advancement of the Mine Permitting Process for the Black Pine Oxide Gold Project, Idaho
10/24/2024 – Liberty Gold Publishes 2023 ESG Report Disclosure Update
10/10/2024 – Liberty Gold Announces Preliminary Feasibility Study Results for the Black Pine Oxide Gold Project in Idaho, with a 17-year Mine Life and a 32% After-Tax Internal Rate of Return
10/7/2024 – Liberty Gold Closes TV Tower Sale Transaction
9/25/2024 – Liberty Gold Receives Hardrock Prospector Permit at Black Pine Oxide Gold Project, Idaho
9/5/2024 – Liberty Gold Identifies an Outcropping High-Grade Antimony System at the Antimony Ridge Prospect, Goldstrike Oxide Gold Project, Southwest Utah
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