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Liberty Gold Corp T.LGD

Alternate Symbol(s):  LGDTF

Liberty Gold Corp is a Canada-based exploration and development stage business. The Company is engaged in the acquisition and exploration of mineral properties located primarily in the United States of America and Turkey. It is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States. The Company’s operations are in one segment, exploration for gold, copper and other precious and base metals. Its projects include Black Pine, Goldstrike and TV Tower. Black Pine is an open-pit, oxide gold, run-of-mine (ROM) heap leach gold mine located in southeastern Cassia County, Idaho. The property covers a total area of 14,299 acres/5,776 hectares (ha) and consists of 622 unpatented lode claims. The Goldstrike property is a Carlin-style, sedimentary rock-hosted (Carlin-style) gold property located in Washington County, southwest Utah (50 kilometers northwest of St. George). The TV Tower gold-silver-copper property is located in northwestern Turkey.


TSX:LGD - Post by User

Comment by R_J_on Jun 24, 2020 8:14am
501 Views
Post# 31184699

RE:News - More Gold Discovered

RE:News - More Gold DiscoveredLouis James Comments
Quote:
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This is an important new discovery for Liberty.
With just a few holes in this type of host rock, it’s too soon to say how much gold this may add to Black Pine’s total.
What’s important is that this is a different host rock (as you can see in the company’s section diagrams) and there’s about 5 square kilometers of the stuff on the project.
I should say, however, that the new D3 hits are at depth, so there needs to be a lot more mineralization like this, with excellent continuity, to pull the potential open pit in this direction. But it’s great to have a whole new layer of rock as an exploration target now, and it’s important to know that the higher-grade oxide mineralization is not confined to the layer of rock Liberty had been drilling off.
This removes a big limitation to the potential size here.
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That’s great, and I’m a happy shareholder.
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End Quote.
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RJ
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