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Liberty Gold Corp.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Goldstrike | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Liberty Gold Corp. announces an Exploration/Drilling Update report for its Goldstrike deposit at the Goldstrike project. Drilling results incl. 67.1m @ 1.17g/t Au. VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company” | |
| 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 ongoing Reverse Circulation (RC) drilling at the Goldstrike Project, the flagship of its three principal gold projects located in the prolific Great Basin of the United States. Located in southwestern Utah, Goldstrike is a past-producing oxide - heap leach gold mine that contains a large, shallow, district-scale, Carlin-style gold system. The Peg Leg area is located 250 m south of the main Goldstrike Deposit. This area is currently the subject of infill and step out drilling in order to increase the historical footprint of mineralization and bring unclassified mineralization outside of the resource pit limit into the pit. Results have been received from 31 drill holes, with several more pending. Cal Everett, President and CEO of Liberty Gold commented, “The Peg Leg exploration results have confirmed this area to have starter pit potential given the higher grade results over significant widths. It confirms our belief that oxide gold bearing feeder structures follow multiple orientations that crosscut the main Goldstrike Deposit trend.” Liberty Gold continues to meet its project enhancement goals in 2018, commencing with a maiden resource estimate released in February1 . The Preliminary Economic Assessment (“PEA”)2 , published in July 2018, is based on a resource that includes drill results through the end of 2017. Liberty Gold resumed drilling in April 2018 and has drilled over 20,000 m of RC to date. Drilling has focused on resource growth around the PEA pits, as well as testing of reconnaissance targets in other areas of the property | |
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