Discovery of 2 High-Grade Oxide gold Zones
Liberty Gold Corp announced additional drill results from its Carlin-style Black Pine Property in southern Idaho, USA. Reverse Circulation drilling at Black Pine continues to return thick, high-grade intervals of Carlin-style oxide gold mineralization. New results reflect step-out drilling on all sides of the Discovery 2 Zone. Exploratory holes were also drilled to the south, east and west of the Discovery 1 and 2 Zones.
The Discovery 2 Zone continues to deliver thick, high-grade oxide gold intercepts in drill holes. Most highlight intercepts to date are oxide. Weighted average cyanide solubility for the primary high-grade interval in LBP088 is 92%, for LBP090, 86%, and for LBP095, 85%.
The new drill results highlight the NE – SW structural control on the Discovery 2 Zone, with LBP088, LBP085, LBP089 and LBP091 and LBP095 extending mineralization to the west of previous drilling and merging with the Discovery 1 Zone. LBP081, LBP084 and LBP103 expand mineralization to the south of the Discovery 2 structural corridor by up to 200 m. This area is still sparsely drilled, with more drilling planned in 2020.
“Our 2019 drill program at Black Pine was an unqualified success by any measure,” stated Cal Everett, President and CEO of Liberty Gold. “We are now updating the geological model and planning a program for 2020 that is over double the size of 2019’s. With mineralization in the Discovery 2 Zone still open to the south, the Discovery 1 Zone open to the northwest and southeast, and a host of other targets to test, we look forward to continued success and the release of a resource estimate in 2020.”
Black Pine is located in the northern Great Basin, immediately adjacent to the Utah/Idaho border. The historic Black Pine Mine operated from 1992 to 1997, during a period of historically low gold prices, with 435,000 ounces of gold produced from five composite, shallow pits, at an average grade of 0.63 g/t Au and average recovery of approximately 65%.
