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Black Pine Oxide Gold Project, Idaho - Liberty Gold’s Drill Success Signals Resource Growth Potential at Rangefront
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Liberty Gold Corp. reports positive results from its 2025 drill program at the Black Pine Oxide Gold Project, indicating significant potential for resource expansion and reserve conversion, particularly in the Rangefront zone [1][4][5] Group 1: Drill Results - Drill intercepts include LBP1099 with 1.27 g/t Au over 22.9 meters and LBP1124 with 0.62 g/t Au over 53.3 meters, both outside the Resource pit [1] - The first 28 reverse circulation (RC) holes in the Rangefront area, totaling 6,506 meters, all show economic oxide gold mineralization [5] - The Rangefront area is defined as a 1,500 x 1,200 x 300 meters zone of continuous oxide gold mineralization, with a Preliminary Feasibility Study resource estimate of 1,619,000 Indicated and 296,000 inferred ounces of gold [6] Group 2: Future Plans and Potential - An additional 12,000 meters of drilling in approximately 50 holes is planned for Rangefront in 2025, with the current drill program focused on upgrading resource categories and supporting mine design [5][9] - The Rangefront area is seen as a strategic starter location for initial mining operations, with potential for 2 to 3 million ounces of gold, likely larger than the Discovery Zone [4] - New drill results suggest the possibility of converting over 250,000 ounces of gold in Resources to Reserves, enhancing the project's overall viability [7] Group 3: Technical Aspects - Metallurgical column leach testing shows a weighted average gold extraction of 86.9% from the Rangefront mineralization, indicating favorable leach performance [6] - The drill program includes generating data for metallurgical, hydrological, and geotechnical studies to support mine design and permitting [5] - The company is also conducting resource conversion drilling in the Discovery Zone and CD Pit areas, with assays results pending on 10 holes [9]