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Liberty Gold Corp.
Summary
| Project: | Goldstrike | |
|---|---|---|
| Deposit: | Goldstrike | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-11-2018: Liberty Gold Corp. announces an Exploration/Drilling Update report for its Goldstrike deposit at the Goldstrike project. Drilling results incl. 76.2m @ 0.72g/t Au from 0.0m. VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the | |
| 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 results from its 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. In 2018, The Southwest Goldstrike Trend (Beavertail Area) was drill-tested both within and outside of gold resources1 contained within the Preliminary Economic Assessment2 (“PEA”) pit. Results have been received for 19 holes to date, with additional results pending. To the west of the resource area and PEA pit, drilling targeted a large area with surface gold-in-soil anomalies and associated jasperoid alteration (West Beavertail). Shallow oxide gold mineralization was encountered in multiple drill holes, extending drill-tested gold mineralization over 300 metres from the Main Beavertail area. The mineralized zone remains open for extension to the south and west. Future drilling will focus on bringing the new extension into the existing resource model. The Goldstrike Graben area in the Western Zone was subject to condemnation drilling to assess suitability for location of a heap leach pad. Results ranged from No Significant Results to a high of 0.35 g/t Au over 6.1 m and 1.03 g/t Au over 3.0 m and 0.39 g/t Au over 3.0 m in PGS606. Combined with drilling from previous years, it is clear that there may be areas of gold mineralization inside the proposed PEA heap leach pad footprint that could warrant some follow-up work but, at present, most of the area appears to be better suited for location of infrastructure | |
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