Liberty Gold Corporation report further Reverse Circulation drill results from the Rangefront Zone at its Black Pine Oxide Gold Project in south eastern Idaho.
Mineral Resource Estimate (MRE) and discover new oxide gold mineralization results will be released in the near future from 73 additional holes drilled in 2022, including 27 that were unavailable for inclusion in the MRE and an additional 16 holes drilled to date in 2023.
The Rangefront Zone was discovered in mid-2021 and now contributes 27% of the ounces to the updated MRE, comprising an indicated resource of 2,613,000 ounces of oxide gold averaging 0.52 grams per tonne (g/t Au) in 157,267,000 tonnes and an inferred resource of 483,000 ounces of oxide gold averaging 0.43 g/t Au in 35,150,000 ton.
Jason Attew, President and CEO of Liberty Gold commented, “Black Pine is unique in that we can access and drill the deposit 12 months a year. The drill program this year builds on the tremendous success of our recently released MRE which expanded the resource by 52% in the indicated category and 31% in the inferred category.
With a strong treasury, our 2023 work program comprising of a minimum of 32,000 m of drilling and a series of de-risking engineering studies, is well-funded to execute on the Black Pine exploration and development strategy to year end. We still have almost 90 drill holes in the queue for release, so we expect steady news flow throughout the year and anticipate progressive growth in resource ounces at our next update.”
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