Expansion of Near Surface High-Grade Oxide Mineralization at Rangefront Zone Reinforces Growth Potential at Black Pine Gold Project, Idaho

Core Viewpoint - Liberty Gold Corp. has reported strong results from its ongoing 40,000 meter feasibility reverse circulation drill program at the Black Pine Gold Project, indicating significant resource expansion and improved mining economics [2][3][6]. Drilling Results - The latest results from 14 holes totaling 2,979 meters confirm the growth of the Rangefront Zone, expanding the near-surface oxide gold zone to over 150 meters wide (north-south) and over 200 meters wide (east-west) [3][10]. - Notable drill results include: - 0.41 g/t Au over 41.1 meters in LBP1145 at 45 meters below surface - 0.92 g/t Au over 35.1 meters in LBP1141 - 0.28 g/t Au over 125 meters in LBP1136 - 0.20 g/t Au over 53.3 meters in LBP1141 - 0.37 g/t Au over 71.6 meters in LBP1144 [10][12]. Resource and Feasibility Study - The currently defined Rangefront Area is a 1,500 x 1,200 x 300 meters thick zone of continuous oxide gold mineralization, with a 2024 Preliminary Feasibility Study resource estimate of 1,619,000 Indicated and 296,000 inferred ounces of gold [13]. - The ongoing drilling is expected to inform an updated Resource Study planned to begin in Q4 2025, with approximately 15,000 meters of additional drilling planned for 2025 [12][13]. Economic Potential - The Rangefront Zone is positioned as a cornerstone growth area for the Black Pine Project, strategically located adjacent to infrastructure and the proposed leach pad, which may lead to significant changes in mining economics and sequencing strategy [3][6][10]. - The metallurgical column leach testing has shown a weighted average gold extraction of 86.9%, indicating the leach-amenable nature of the oxide material [13]. Future Plans - Additional metallurgical drilling is planned for Q4 2025 to improve coverage of the expanded resource areas for the Feasibility Study [10]. - The company plans to continue drilling through the winter, with approximately 50 additional RC and core holes planned for 2025 [10][12].