EXPLORATION & DEVELOPMENT

Liberty Gold drilling extends Kinsley Mountain mineralisation

Junior explorers Liberty Gold (TSX:LGD) and joint-venture partner Nevada Sunrise Gold (TSXV:NEV) have intersected significant grades of gold in an area not previously drill-tested on the Nevada-based Kinsley Mountain project’s Western Flank Zone (WFZ) east extension.

Staff reporter
Liberty Gold drilling extends Kinsley Mountain mineralisation

The 1,830m summer 2018 drill programme targeted possible extensions of the Western Flank deposit, discovered by 79.1% owner and operator Liberty Gold in 2014. Nevada Sunrise holds the balance of 20.9% of the asset. Of the seven reverse circulation drill holes started in the 2018 programme, five holes were completed and two lost at shallow depths owing to voids and fault zones encountered, Nevada Sunrise reported Thursday.

Hole PK228 intersected 5.42g/t gold over 9.1m, including 7.77g/t over 6.1m at the Secret Canyon-Geddes contact, 50m east of 2017 hole PK221, which intersected 5.3g/t over 29m. Liberty underlined the significance of the intercept as reflecting a significant step out in the WFZ east extension exploration.

As a result, Liberty has recommended follow up drilling in subsequent exploration campaigns.

Hole PK226 returned multiple shallower mineralised intercepts, including 1.54g/t over 6.1m in the Dunderberg Shale, and 0.77g/t over 7.6m in the Secret Canyon Shale.

One of the two holes lost as a result of difficult terrain did not prove fruitless. Hole PK229A returned 1.15g/t over 15.2m in brecciated Notch Peak and Hamburg dolomite next to the KNW fault zone. Liberty regards this as "very encouraging" for follow-up testing of the lower units in this vicinity, as it indicates strong hydrothermal fluid flow during the local mineralisation event.

The brownfields project had previously produced about 138,000oz at average grades of 1.4g/t, processing oxide ores using low-cost conventional heap leaching methods.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.