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Liberty discovers potential beyond mine trend

Liberty Gold (CN:LGD) says reconnaissance drilling has confirmed two new discoveries off the mine trend at its Goldstrike gold project in Utah, US, where it is working to establish a resource this year.
Liberty discovers potential beyond mine trend Liberty discovers potential beyond mine trend Liberty discovers potential beyond mine trend Liberty discovers potential beyond mine trend Liberty discovers potential beyond mine trend

Two discoveries plus 82.3m at 0.91g/t gold at Goldstrike

Staff reporter

Amid the highlights in final results from its C$10.5 million (US$8.4 million) 2017 exploration programme, Liberty hit 82.3m at 0.91g/t gold, including 7.6m at 2.39g/t, at the Dip Slope zone.

In the two new areas, Liberty intercepted 24.4m at 1.46g/t at Fence Line and 12.2m at 0.78g/t at Jack's Camp.

Liberty is aiming to continue resource expansion drilling, continue metallurgical testing and advance the project to a PEA decision this year.

The historic Goldstrike mine is said to have produced 209,000oz of gold at an average grade of 1.2g/t from 12 shallow pits between 1988-1994.

Liberty said it had about C$11 million (US$8.8 million) in treasury after closing a $10.5 million bought deal financing two weeks ago at C42c per unit.

Its shares, which were trading above C60c a year ago, lost 1c yesterday to 41c.

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