For thousands of other reports visit RSC's Mineral Intellingence Map
Liberty Gold Corp.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Goldstrike | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2018: Liberty Gold Corp. announces an Exploration/Drilling Update report for its Goldstrike deposit at the Goldstrike project. Drilling results incl. 39.6m @ 0.85g/t Au from 131.1m. VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or th | |
| Resources: | (not mentioned in this report) | |
| 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 the results from initial reverse circulation (“RC”) drill testing of the historic heap leach pads and one area of historic mine waste backfill at the Goldstrike Project, the flagship of its three principal gold projects located in the prolific Great Basin of the United States. Results confirm that the historical leach pads, the back fill below the pad linings and bedrock to depth contain areas of gold mineralization above the cut-off grade used in the Goldstrike Preliminary Economic Assessment (“PEA”)1 . On July 10, 2018, Liberty Gold released a PEA for Goldstrike, confirming a low capital intensity, low operating cost, open-pit, run-of-mine, heap-leach operation, with a 7.5 year mine life and highly attractive economics, including a post-tax Net Present Value (5% discount rate) of US$129.5 million, Internal Rate of Return of 29.4%, and Initial Capex of US$113.2 million. To aid in further advancement and de-risking of the Goldstrike Property, drill testing of the historic heap leach pads, stockpiles, waste dumps and pit backfill is underway. Most of the areas currently being tested lie within the PEA pit and are classified as waste in the model. Conversion of any of these areas to mineralized leach material would potentially add low-cost ounces to the resource, consisting of gold in material previously drilled, blasted and placed on surface. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report