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Liberty Gold Corp.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Dip Slope | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-2-2018: Liberty Gold Corp. announces an Exploration/Drilling Update report for its Dip Slope deposit at the Goldstrike project. Drilling results incl. 24.4m @ 1.46g/t Au from 29m. VANCOUVER, B.C. – Liberty Gold Corp. (LGD - TSX) ("Liberty Gold" or the " | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Moira Smith (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. – Liberty Gold Corp. (LGD - TSX) ("Liberty Gold" or the "Company") is pleased to announce final 2017 drill results from its 100% controlled Goldstrike Gold Project in southwestern Utah. Throughout the Historic Mine Trend, the aggressive exploration program is focused on building continuity within and between the target areas and linking them together over large areas into continuous zones of mineralization. Liberty Gold has also stepped off of the mine trend to do an initial reconnaissance drill test of two new areas, located 1.5 km west and 2.3 km southwest respectively of the West Zone. Both areas confirm new gold discoveries and warrant further drilling. In 2017 Liberty Gold drilled 45,811 metres in 285 RC holes at Goldstrike, completed the initial phase of metallurgical testing, obtained a Plan of Operations permitting drill access to virtually all of the shallow gold targets on the property, initiated preliminary work for a PEA study, advanced the project to a pending resource estimate and confirmed and expanded mineralization in the Mineral Mountain area 6 km to the northwest of the main target area. The Company did not raise capital in 2017 and completed its planned exploration program for $10.5 million Canadian dollars (“C$”). Liberty has recently closed a bought deal financing and has approximately C$11 million in the treasury. The proposed 2018 work program will include the first resource estimate for Goldstrike, advancement of the Project to a PEA decision, continued resource expansion drilling and resource update, phase 2 metallurgical testing, expanded permitting and continued liaison with potential stakeholders. | |
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