Results from 17 new RC holes in the
Highlights from the current holes include1:
- 0.95 grams per tonne gold (“g/t Au”) over 18.3 m including 1.03 g/t Au over 16.8 m from surface in
LBP657 - 0.74 g/t Au over 38.1 m including 0.87 g/t Au over 30.5 m from surface in
LBP660 - 0.84 g/t Au over 36.6 m including 0.97 g/t Au over 30.5 m from surface in
LBP662 - 1.01 g/t Au over 19.8 m including 2.07 g/t Au over 7.6 m from near surface in
LBP666 - 0.48 g/t Au over 45.7 m including 1.11 g/t Au over 12.2 m and 1.56 g/t Au over 7.6 m from near surface in
LBP672 F Zone drilling is part of a broader, deposit-wide exploration strategy to:- Add to the endowment of near-surface, above-average grade gold mineralization that can be mined in the first 2 to 3 years of a potential mining operation. This focus also includes extensions of the
E Zone ,M Zone , andBack Range Zone , all currently being drilled. - Link smaller resource pits into larger zones of continuous oxide gold mineralization, defining fewer, larger resource pits and in doing so, improving the potential for future bulk open pit mining operations.
- Add to the endowment of near-surface, above-average grade gold mineralization that can be mined in the first 2 to 3 years of a potential mining operation. This focus also includes extensions of the
1. Results are reported as drilled thicknesses, with true thicknesses approximately 50 to 90% of drilled thickness.
“As we put considerable management focus into our de-risking strategy for the Black Pine project, these results show that it is still very much an exploration property, with large, undrilled targets and opportunities for adding ounces between targets, in virtually every direction,” stated
For a map and section showing locations of drill holes in this release click here: https://libertygold.ca/images/news/2022/August/BlackPine08302022map.pdf
For a table showing complete drill results from the holes in this release, click here: https://libertygold.ca/images/news/2022/August/BlackPine08302022CurrentResults.pdf
Up to four RC drills will be utilized for resource drilling for the remainder of the year, with a target of 70,000 m of drilling for 2022. The Black Pine resource model will be updated progressively over the remainder of 2022 in preparation for a major update to the 2021 Mineral Resource Estimate, to include all the drilling since
F ZONE
Liberty Gold drilling in 17 holes returned oxide gold mineralization in all drill holes, with mineralization starting at surface or at shallow depth.- Half of the reported drill holes contain a second oxide gold-bearing zone.
- The drilling followed surface sampling that returned 0.55 g/t Au over 100.5 m in 34 continuous roadcut chip samples as well as modeling of widely-spaced historic and
Liberty Gold drill holes. - The new drilling confirms that the two of the largest zones of mineralization at Black Pine, the Discovery and CD zones, are linked by a 750 m-long, north-trending zone of mineralization.
The F Zone is still open for expansion to the east and west, and more drilling is being planned for the near future.
F ZONE HIGHLIGHT TABLE*
Hole ID (Az, Dip) (degrees) | From (m) | To (m) | Intercept (m) | Au (g/t) | Au Cut-Off | Hole Length (m) | Target | Comments |
LBP508C (70, -60) | 1.8 | 29.6 | 27.7 | 0.30 | 0.15 | 98.0 | F Zone | Metallurgical Core Previously Released |
and | 44.8 | 66.0 | 21.2 | 4.80 | 0.20 | |||
including | 49.4 | 64.6 | 15.2 | 6.53 | 1.00 | |||
and including | 52.4 | 59.9 | 7.5 | 11.0 | 5.00 | |||
108.2 | 118.9 | 10.7 | 1.00 | 0.20 | 141.7 | D-3 South | Step-Out | |
including | 109.7 | 112.8 | 3.0 | 1.82 | 1.00 | |||
3.0 | 21.3 | 18.3 | 0.42 | 0.15 | 147.8 | Step-Out | ||
including | 6.1 | 13.7 | 7.6 | 0.74 | 0.20 | |||
and including | 6.1 | 9.1 | 3.0 | 1.19 | 1.00 | |||
16.8 | 29.0 | 12.2 | 0.24 | 0.15 | 93.0 | Step-Out | ||
and | 35.1 | 61.0 | 25.9 | 0.41 | 0.15 | |||
including | 39.6 | 59.4 | 19.8 | 0.48 | 0.20 | |||
0.0 | 44.2 | 44.2 | 0.28 | 0.15 | 105.2 | Step-Out | ||
including | 0.0 | 19.8 | 19.8 | 0.35 | 0.20 | |||
0.0 | 35.1 | 35.1 | 0.29 | 0.15 | 91.4 | Step-Out | ||
including | 3.0 | 15.2 | 12.2 | 0.39 | 0.20 | |||
0.0 | 18.3 | 18.3 | 0.95 | 0.15 | 106.7 | Step-Out | ||
including | 0.0 | 16.8 | 16.8 | 1.03 | 0.20 | |||
and including | 1.5 | 4.6 | 3.0 | 3.60 | 1.00 | |||
0.0 | 35.1 | 35.1 | 0.47 | 0.15 | 111.3 | Step-Out | ||
including | 0.0 | 10.7 | 10.7 | 0.80 | 0.20 | |||
and including | 6.1 | 7.6 | 1.5 | 1.77 | 1.00 | |||
including | 16.8 | 29.0 | 12.2 | 0.50 | 0.20 | |||
0.0 | 38.1 | 38.1 | 0.74 | 0.15 | 117.3 | Step-Out | ||
including | 0.0 | 30.5 | 30.5 | 0.87 | 0.20 | |||
and including | 10.7 | 21.3 | 10.7 | 1.45 | 1.00 | |||
0.0 | 36.6 | 36.6 | 0.84 | 0.15 | 121.9 | Step-Out | ||
including | 3.0 | 33.5 | 30.5 | 0.97 | 0.20 | |||
and including | 24.4 | 30.5 | 6.1 | 2.65 | 1.00 | |||
and | 48.8 | 64.0 | 15.2 | 0.49 | 0.20 | |||
0.0 | 29.0 | 29.0 | 0.42 | 0.15 | 117.3 | Step-Out | ||
including | 4.6 | 29.0 | 24.4 | 0.46 | 0.20 | |||
19.8 | 39.6 | 19.8 | 1.01 | 0.20 | 91.4 | Step-Out | ||
including | 19.8 | 27.4 | 7.6 | 2.07 | 1.00 | |||
0.0 | 19.8 | 19.8 | 0.44 | 0.20 | 213.4 | Step-Out | ||
and | 38.1 | 53.3 | 15.2 | 0.28 | ||||
4.6 | 13.7 | 9.1 | 0.41 | 0.15 | 147.8 | Step-Out | ||
including | 6.1 | 10.7 | 4.6 | 0.67 | 0.20 | |||
and | 27.4 | 39.6 | 12.2 | 0.28 | 0.15 | |||
including | 29.0 | 35.1 | 6.1 | 0.36 | 0.20 | |||
and | 50.3 | 89.9 | 39.6 | 0.39 | 0.15 | |||
including | 50.3 | 51.8 | 1.5 | 1.71 | 1.00 | |||
13.7 | 22.9 | 9.1 | 0.38 | 0.20 | 121.9 | Step-Out | ||
and | 54.9 | 100.6 | 45.7 | 0.48 | 0.15 | |||
including | 59.4 | 71.6 | 12.2 | 1.11 | 0.20 | |||
and including | 61.0 | 68.6 | 7.6 | 1.56 | 1.00 | |||
including | 79.2 | 99.1 | 19.8 | 0.30 | 0.20 | |||
*Please refer to the full table at the link above for complete results. Results are reported as drilled thicknesses, with true thicknesses approximately 50 to 90% of drilled thickness. Gold grades are uncapped. Au (g/t) = grams per tonne of gold.
F ZONE
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Drill composites were calculated using cut-offs of 0.15 g/t Au. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals vary between 30% and 100% of the reported lengths due to varying drill hole orientations but are typically in the range of 60% to 80% of true width. Drill samples were assayed by ALS Limited in
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to
Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry, including impacts from the pandemic of the novel coronavirus (COVID-19); the timing of the publication of any updated resources, any preliminary economic assessments or pre-feasibility studies, successful, delays in obtaining governmental approvals, the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated
Although
Cautionary Note for
The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”, are Canadian mining terms as defined in, and required to be disclosed in accordance with, National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), which references the guidelines set out in the
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