Liberty Gold Corp (LGDTF)

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Liberty Gold Announces Results from Metallurgical Core Drilling at Black Pine, Idaho
- 3.32 g/t Au over 47.4 m Including 12.5 g/t over 5.8 m in LBP214C

Infill Core Drilling Strengthens Oxide Gold Model and Initiates Phase 3 Metallurgical Testing

January 12, 2021

VANCOUVER, B.C. – Liberty Gold Corp. (LGD-TSX) (“Liberty Gold” or the “Company”) is pleased to announce drill results from five large diameter core holes at its Carlin-style Black Pine oxide gold property (“Black Pine”) in southern Idaho, USA. An additional five holes are pending.

Highlights include:

- 3.32 grams per tonne (“g/t”) gold (“Au”) over 47.4 metres (“m”), including 12.5 g/t Au over 5.8 m in LBP214C
- 3.62 g/t Au over 8.1 m and 1.27 g/t Au over 54.2 m, including 2.51 g/t Au over 17.0 m in LBP222C
- 1.12 g/t Au over 13.4 m and 3.16 g/t Au over 32.0 m in LBP207C
- 1.44 g/t Au over 16.5 m and 1.36 g/t Au over 15.2 m and 1.23 g/t Au over 7.6 m in LBP197C

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. They will also provide a valuable comparison to reverse circulation (“RC”) drill holes in the same areas and provide material for specific gravity testing. Included in this release are holes from the D-1 Southeast Extension, D-2 and D-3 mineralized zones in the Discovery Focus Area.

KEY POINTS:

- Large diameter core drilling yielded outstanding results in three zones, including two that were newly identified in 2020.
- 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.
- Results are similar to those returned in nearby RC holes, providing further validation for using RC drilling.
- Cyanide-soluble assays for the highlight intervals (as reported in the bullet points above) in LBP214C returned weighted averages of 91% and 99% of fire assay. The highlight intervals in LBP222C returned weighted averages of >100%, 94% and 96% of fire assay, both attesting to the thoroughly oxidized nature of gold mineralization.


Read more and view drill core table at:
https://libertygold.ca/images/news/2021/january/21-01_Black_Pine_9th_Assays_Met_Core_FINAL.pdf