Liberty Gold Announces Second New Discovery

Liberty Gold Corp announced that new drilling at Black Pine in southern Idaho has successfully intersected another thick zone of high grade oxide gold mineralization, expanding the size and potential of this Carlin–style gold system. 

 

This second discovery intercept of 1.78 grams per tonne gold (“g/t Au”) over 48.8 metres (“m”) in drill hole LBP023 is located beneath the limit of historical drilling approximately 240 m to the northeast of drill hole LBP021, which returned 1.78 g/t Au over 47.2 m, as reported in the June. The drilling confirms that high grade oxide gold mineralization is present in the gap area, with the intercept located only 65 m below the floor of the pit.

 

Oxide gold is found throughout a 100 to 300 m thick, structurally prepared stratigraphic horizon, with higher grades encountered near the base of it in a number of structural corridors. All gold mineralization encountered to date in this area is oxide.

 

 “Our understanding of the controls on gold mineralization continues to evolve with every hole that we drill,” said Moira Smith, V.P. Exploration and Geoscience for Liberty Gold. “Our model-driven, continuously-updated approach to planning every hole has rewarded us with exceptional drill results to date, and we hope this trend continues as we test new targets.”

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