Liberty Gold Corp (LGDTF)

[douginil]

Liberty Gold Announces Drill Results from Five Regional Targets at Black Pine, Idaho
Oxide Gold Confirmed Over Significant Widths at the F, Rangefront, J and M Zones and Southwest Extension Target

December 22, 2020

VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company”) is pleased to announce additional reverse circulation (“RC”) drill results from the 2020 regional drill program at its Carlin-style Black Pine oxide gold property (“Black Pine”) in southern Idaho, USA.  Regional target drill results confirm the district scale of the Black Pine mineralized system.

Results have been received from the F, Rangefront, J and M zones and Southwest Extension Target, with additional drill holes pending. A total of eight regional drill targets were tested in 2020, with oxide gold encountered in all locations.

During the same time frame, Liberty Gold continued to infill and step out drill in the now-amalgamated D-1, D-2 and D-3 zones in preparation for a maiden resource estimate anticipated for release in late Q1, 2021. The D-1, D-2 and D-3 zones (collectively, the “Discovery Focus Area”) underlie an area of approximately 1.6 square kilometres (“km2”).

For a map, photo and cross sections of the Black Pine Property, including drill collars and traces for the current release, please click here:
https://libertygold.ca/images/news/2020/december/BlackPine_NR12222020MapandCS.pdf


The map shows the Discovery Focus Area, and its spatial relationship to the drill-confirmed regional gold zones and targets in this release. The M Zone is located 1,000 metres (“m”) east, J Zone 300 m   north, F Zone 500 m southwest, Rangefront Zone 2000 m south and Southwest Extension Target 1,500 m southwest of the Discovery Focus Area.Â

 “In addition to our well-established D-1, D-2 and D-3 zones, our drill program continues to demonstrate the widespread nature of gold mineralization surrounding the Black Pine Discovery Focus Area,” commented Cal Everett, President and CEO of Liberty Gold. “We look forward to the release of our Maiden Resource Estimate at Black Pine near the end of Q1 and expect that these regional zones will contribute to it. With a larger drilling program planned for 2021, we hope to expand these regional zones and identify additional areas of mineralization. After receipt of the Maiden Resource Estimate, we plan to advance the property to a Preliminary Economic Assessment.”

Read more at:
https://libertygold.ca/images/news/2020/december/20-27_Black_Pine_8th_assays_Regional_12222020FINAL.pdf