Liberty Gold Drill Results for Black Pine in Idaho
Liberty Gold Corp announced additional reverse circulation drill results from the 2020 regional drill program at its Carlin style Black Pine oxide gold property in
Liberty Gold Corp announced additional reverse circulation drill results from the 2020 regional drill program at its Carlin style Black Pine oxide gold property in southern Idaho in 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.
Liberty Gold President and CEO Cal Everett said “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. 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.”
As presently understood, the F Zone forms a linear zone of shallow, oxidized gold mineralization that extends north-northwest from the north end of the historic CD Pit, parallel on a regional scale to the D-1 Zone. Mineralization is hosted in calcareous and sandy siltstone assigned to the same stratigraphic unit that hosts the D-3 Zone. Earlier in 2020, drill hole LBP149 encountered 22.9 m grading 2.21 grams per tonne oxide gold at shallow depth. An additional three holes were drilled from the site of LBP149, as detailed below. In conjunction with historic drilling in the area, the F Zone presently covers an area of approximately 220 m x 100 m. Widely-spaced, shallow, historical, gold-bearing drill holes extend north-northwestward an additional 600 m along trend. The F Zone and its potential northwest extension is a priority infill and extension drill target in 2021.'