Explorer Returns 'Outstanding' Metallurgical Results from Idaho Project

Liberty Gold states the findings support the oxide gold model and another phase of metallurgical testing its Black Pine project.

Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that results of five large diameter, metallurgical core holes drilled at Black Pine in Idaho "yielded outstanding results in three zones, including two that were newly identified in 2020."

Some of the highlight results are from the D-2 zone. They include 47.4 meters (47.4m) of 3.32 grams per ton gold (3.32 g/t Au), including 5.8m of 12.5 g/t Au, in hole LBP214C. These intervals, on cyanide-soluble testing, returned weighted averages of 91% and 99% of fire assay. Hole LBP207C returned 13.4m of 1.12 g/t Au and 32m of 3.16 g/t Au.

Other noteworthy intervals are from the D-3 zone. Hole LBP222C showed 8.1m of 3.62 g/t Au and 54.2m of 1.27 g/t Au, including 17m of 2.51 g/t Au. These returned weighted averages of greater than 100%, 94% and 96% of fire assay, "attesting to the thoroughly oxidized nature of gold mineralization." Hole LBP197C demonstrated 16.5m of 1.44 g/t Au, 15.2m of 1.36 g/t Au and 7.6m of 1.23 g/t Au.

The results of five additional metallurgical core drill holes are pending.

"The core holes will support phase 3 metallurgical column testing over a larger area, including the CD and E historic pits, and will encompass more potential ore types than phase 2 testing," the release stated.

Also, the company noted that the drill core "will provide valuable material for metallurgical testing, specific gravity measurements and other testing pursuant to a maiden resource and Preliminary Economic Assessment (PEA) later in the year."

"We are pleased to see the outstanding results in these large diameter core holes, including long runs of very high grades in oxide gold mineralization than can potentially be recovered using simple, low-cost, open-pit mining and heap leaching," commented Cal Everett, president and CEO of Liberty Gold. "These holes, including two from zones of oxide gold mineralization newly identified in our 2020 drill program, will help accelerate our project into the resource and development phase by providing material for Phase 3 metallurgy and other necessary data to move forward in 2021. We look forward to releasing additional drill results, a maiden resource and our plans for 2021 in the coming months."[NLINSERT]

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