Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the
“Company”) is pleased to announce that the 2021 reverse circulation
(“RC”) drilling campaign in the Discovery Zone (“DZ”) at the Black
Pine Oxide Gold Deposit (“Black Pine”) was completed at the end of
November. The objective of the program is to upgrade inferred
resources to indicated to be included in a future prefeasibility
study.
Assay results confirm the continuity of stacked
moderate to high-grade zones of DZ gold mineralization and support
or exceed expectations within the targeted inferred blocks.
Currently, the DZ represents 78% of the indicated resource and 52%
of the inferred resource at Black Pine. Results will also be used
to better define the extensive lower grade halo surrounding the
high-grade zones for inclusion in future economic studies.
The 70,000 metre (“m”) 2021 drill program,
together with the Q1-2022 drilling focused entirely on the
Rangefront Focus Area, will be included in a new Black Pine mineral
resource estimate and Preliminary Economic Assessment (“PEA”) to be
released in Q3-2022. Three drills are now defining the limits of
this new discovery, covering an initial one square kilometre
(“km2”) target area, with results pending.
Cal Everett, President and CEO of
Liberty Gold stated, “While drilling continues in the
Rangefront Focus Area, an equally important component of our 2021
drill program involves resource upgrade and step-out drilling
around established zones of mineralization. We expect that resource
upgrade drilling in the Discovery Zone will convert most of the
inferred ounces to indicated for use in a prefeasibility study.
Today’s results also demonstrate that the existing zones of
mineralization in the CD Zone are open to expansion. Given the +10
square kilometre scale of a single oxide gold system it is a
welcome task to properly drill off a gold district of this
scale.”
Step-out drill results from the CD Zone,
comprising the historic CD and I pits located approximately 500 m
to the southwest of the DZ, are also included in this release. In
the CD Zone, oxide gold mineralization is confirmed beyond the
current resource pits to the southwest, supporting our geological
modeling and indicating the potential for additional mineralization
in this area.
For a map and cross sections of the CD and I pits and Discovery
Zone, please click here:
https://libertygold.ca/images/news/2021/December/BlackPine_NR12062021MapSections.pdf
For a full table of results for this release, please click here:
https://libertygold.ca/images/news/2021/December/BlackPine_NR12062021Assays.pdf
DISCOVERY ZONE RESOURCE UPGRADE DRILLING
KEY POINTS:
- 2021 resource
upgrade drilling, totalling 92 drill holes and 20,486 m to date in
the DZ, has targeted blocks of inferred gold mineralization for
upgrade to indicated. The drilling is now largely complete and will
be included in a future prefeasibility study.
- Drilling
targeted shallow zones of gold mineralization, deeper high-grade
zones and the up-dip extension of the DZ toward the west, with hole
length dependent on target depth.
- Results confirm
stacked moderate to high-grade zones within the DZ inferred blocks
and the extensive mineralized halo surrounding the high-grade zones
for inclusion in future economic studies. Total aggregate meters of
above 0.15 grams per tonne (“g/t”) gold (“Au”) cut-off grade
intercepts include:
- LBP380: 182.9
m
- LBP386: 140.3
m
- LBP392: 105.1
m
- Geotechnical and
additional metallurgical PQ core drilling has been completed in
these areas.
-
The current DZ indicated resource is 77.1 million tonnes grading
0.54 g/t Au (1.34 million ounces(“oz”)) and the inferred resource
is 15.6 million tonnes grading 0.38 g/t Au (191,000 oz).
DISCOVERY ZONE RESOURCE UPGRADE HIGHLIGHT
TABLE1
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Au Cut-Off |
Hole Length (m) |
Target |
Comments |
LBP380 (25, -60) |
19.8 |
50.3 |
30.5 |
0.19 |
0.15 |
349.0 |
Discovery Zone |
Resource Upgrade |
and |
56.4 |
76.2 |
19.8 |
0.24 |
0.15 |
and |
86.9 |
105.2 |
18.3 |
0.24 |
0.15 |
and |
140.2 |
170.7 |
30.5 |
1.52 |
0.20 |
including |
146.3 |
167.6 |
21.3 |
1.92 |
1.00 |
and including |
164.6 |
166.1 |
1.5 |
5.79 |
5.00 |
and |
239.3 |
257.6 |
18.3 |
0.35 |
0.20 |
and |
263.7 |
285.0 |
21.3 |
2.44 |
including |
265.2 |
283.5 |
18.3 |
2.73 |
1.00 |
and |
286.5 |
326.1 |
39.6 |
0.85 |
0.15 |
including |
296.6 |
303.3 |
10.7 |
2.08 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP386 (235, -63) |
16.8 |
22.9 |
6.1 |
0.35 |
0.15 |
330.7 |
Discovery Zone |
Resource Upgrade |
and |
79.3 |
91.4 |
12.2 |
0.48 |
0.15 |
including |
80.8 |
89.9 |
9.1 |
0.58 |
0.20 |
and including |
82.3 |
83.8 |
1.5 |
1.54 |
1.00 |
and |
131.1 |
192.0 |
61.0 |
0.36 |
0.15 |
including |
132.6 |
147.8 |
15.2 |
0.47 |
0.20 |
including |
169.2 |
192.0 |
22.9 |
0.42 |
and including |
176.8 |
178.3 |
1.5 |
1.24 |
1.00 |
and |
249.9 |
288.0 |
38.1 |
0.63 |
0.15 |
including |
249.9 |
278.9 |
29.0 |
0.78 |
0.20 |
and including |
251.5 |
259.1 |
7.6 |
2.04 |
1.00 |
and |
294.1 |
304.8 |
10.7 |
0.38 |
0.15 |
including |
298.7 |
304.8 |
6.1 |
0.55 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP389 (340, -53) |
22.9 |
39.6 |
16.8 |
0.39 |
0.15 |
233.2 |
Discovery Zone |
Resource Upgrade |
including |
24.4 |
36.6 |
12.2 |
0.48 |
0.20 |
and including |
32.0 |
33.5 |
1.5 |
1.24 |
1.00 |
and |
132.6 |
150.9 |
18.3 |
1.17 |
0.15 |
including |
134.1 |
147.8 |
13.7 |
1.50 |
0.20 |
and including |
135.6 |
146.3 |
10.7 |
1.73 |
1.00 |
and |
166.1 |
178.3 |
12.2 |
0.35 |
0.20 |
and |
187.5 |
190.5 |
3.0 |
0.72 |
and |
196.6 |
202.7 |
6.1 |
0.31 |
|
|
|
|
|
|
|
|
|
LBP392 (15, -55) |
27.4 |
47.2 |
19.8 |
0.29 |
0.15 |
269.7 |
Discovery Zone |
Resource Upgrade |
including |
32.0 |
47.2 |
15.2 |
0.33 |
0.20 |
and |
73.2 |
85.3 |
12.2 |
0.48 |
including |
83.8 |
85.3 |
1.5 |
1.56 |
1.00 |
and |
105.2 |
138.7 |
33.5 |
0.42 |
0.15 |
including |
105.2 |
137.2 |
32.0 |
0.43 |
0.20 |
and |
178.3 |
217.9 |
39.6 |
0.26 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP393 (120, -47) |
99.1 |
163.1 |
64.0 |
0.56 |
0.15 |
221.0 |
Discovery Zone |
Resource Upgrade |
including |
129.5 |
163.1 |
33.5 |
0.89 |
0.20 |
and including |
144.8 |
152.4 |
7.6 |
1.93 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP394 (85, -53) |
80.8 |
105.2 |
24.4 |
0.30 |
0.20 |
251.5 |
Discovery Zone |
Resource Upgrade |
and |
114.3 |
131.1 |
16.8 |
1.32 |
0.15 |
including |
114.3 |
128.0 |
13.7 |
1.57 |
0.20 |
and including |
120.4 |
128.0 |
7.6 |
2.62 |
1.00 |
and |
160.0 |
173.7 |
13.7 |
0.38 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP397 (45, -45) |
64.0 |
106.7 |
42.7 |
0.28 |
0.15 |
251.5 |
Discovery Zone |
Resource Upgrade |
including |
67.1 |
100.6 |
33.5 |
0.31 |
0.20 |
and |
109.7 |
125.0 |
15.2 |
0.66 |
0.15 |
including |
118.9 |
123.4 |
4.6 |
1.84 |
0.20 |
and including |
118.9 |
121.9 |
3.0 |
2.52 |
1.00 |
and |
198.1 |
202.7 |
4.6 |
1.01 |
0.20 |
including |
199.6 |
202.7 |
3.0 |
1.33 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP401 (135, -70) |
25.9 |
48.8 |
22.9 |
0.25 |
0.15 |
208.8 |
Discovery Zone |
Resource Upgrade |
including |
29.0 |
39.6 |
10.7 |
0.33 |
0.2 |
and |
57.9 |
111.3 |
53.3 |
0.43 |
0.15 |
including |
59.4 |
109.7 |
50.3 |
0.44 |
0.2 |
|
|
|
|
|
|
|
|
|
LBP406 (85, -55) |
22.9 |
38.1 |
15.2 |
0.26 |
0.15 |
221.0 |
Discovery Zone |
Resource Upgrade |
including |
24.4 |
38.1 |
13.7 |
0.27 |
0.20 |
and |
68.6 |
121.9 |
53.3 |
0.42 |
0.15 |
including |
68.6 |
108.2 |
39.6 |
0.51 |
0.20 |
and including |
88.4 |
93.0 |
4.6 |
1.12 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP414 (105, -45) |
123.4 |
146.3 |
22.9 |
0.53 |
0.15 |
153.9 |
Discovery Zone |
Resource Upgrade |
including |
125.0 |
144.8 |
19.8 |
0.59 |
0.20 |
and including |
134.1 |
137.2 |
3.0 |
1.30 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP415 (100, -45) |
22.9 |
39.6 |
16.8 |
0.35 |
0.20 |
182.9 |
Discovery Zone |
Resource Upgrade |
and |
74.7 |
88.4 |
13.7 |
0.30 |
0.15 |
including |
82.3 |
88.4 |
6.1 |
0.48 |
0.20 |
and |
103.6 |
140.2 |
36.6 |
0.59 |
0.20 |
including |
111.3 |
112.8 |
1.5 |
1.42 |
1.00 |
including |
121.9 |
123.4 |
1.5 |
1.18 |
|
|
|
|
|
|
|
|
|
LBP421 (95, -75) |
0.0 |
19.8 |
19.8 |
0.29 |
0.15 |
121.9 |
Discovery Zone |
Resource Upgrade |
including |
10.7 |
18.3 |
7.6 |
0.45 |
0.20 |
and |
36.6 |
50.3 |
13.7 |
0.43 |
0.15 |
including |
44.2 |
50.3 |
6.1 |
0.73 |
0.20 |
and including |
45.7 |
48.8 |
3.0 |
1.13 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP423 (120, -62) |
16.8 |
25.9 |
9.1 |
0.43 |
0.20 |
202.7 |
Discovery Zone |
Resource Upgrade |
and |
51.8 |
74.7 |
22.9 |
0.50 |
0.15 |
including |
51.8 |
71.6 |
19.8 |
0.55 |
0.20 |
and |
82.3 |
112.8 |
30.5 |
0.19 |
0.15 |
and |
166.1 |
192.0 |
25.9 |
0.20 |
0.15 |
and |
193.5 |
202.7 |
9.2 |
0.20 |
0.15 |
|
|
|
|
|
|
|
|
|
LBP425 (145, -45) |
93.0 |
106.7 |
13.7 |
0.46 |
0.15 |
172.2 |
Discovery Zone |
Resource Upgrade |
including |
94.5 |
106.7 |
12.2 |
0.49 |
0.20 |
and |
112.8 |
169.2 |
56.4 |
0.34 |
0.15 |
including |
114.3 |
146.3 |
32.0 |
0.46 |
0.20 |
and including |
137.2 |
140.2 |
3.0 |
1.33 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP431 (330, -77) |
4.6 |
21.3 |
16.8 |
0.32 |
0.20 |
332.2 |
Discovery Zone |
Resource Upgrade |
and |
30.5 |
47.2 |
16.8 |
0.30 |
0.15 |
including |
36.6 |
47.2 |
10.7 |
0.38 |
0.20 |
and |
71.6 |
82.3 |
10.7 |
0.56 |
and |
135.6 |
158.5 |
22.9 |
0.22 |
0.15 |
and |
176.8 |
199.6 |
22.9 |
0.20 |
and |
205.7 |
259.1 |
53.3 |
0.39 |
including |
228.6 |
259.1 |
30.5 |
0.54 |
|
and including |
231.7 |
233.2 |
1.5 |
1.32 |
1.00 |
and including |
239.3 |
240.8 |
1.5 |
2.19 |
and |
266.7 |
285.0 |
18.3 |
0.23 |
0.15 |
and |
291.1 |
298.7 |
7.6 |
1.66 |
0.15 |
including |
292.6 |
297.2 |
4.6 |
2.41 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP436 (175, -45) |
6.1 |
22.9 |
16.8 |
0.43 |
0.15 |
275.8 |
Discovery Zone |
Resource Upgrade |
including |
6.1 |
21.3 |
15.2 |
0.45 |
0.20 |
and |
132.6 |
160.0 |
27.4 |
0.69 |
0.15 |
including |
132.6 |
158.5 |
25.9 |
0.72 |
0.20 |
and including |
134.1 |
137.2 |
3.0 |
3.34 |
1.00 |
and |
192.0 |
205.7 |
13.7 |
0.50 |
0.15 |
including |
193.6 |
205.7 |
12.2 |
0.54 |
0.20 |
and including |
199.6 |
202.7 |
3.0 |
1.16 |
1.00 |
1Liberty Gold has changed the reporting cut-offs
to include a 0.15 g/t Au cut-off, to reflect the lower cut-offs
used by most operating oxide heap-leach mines in the Great Basin.
The 0.15 g/t Au cut off is not shown in the table if it is
identical to the corresponding interval using a 0.2 g/t Au cut-off.
Downhole thickness are reported herein; true width varies depending
on drill hole dip, but generally range from 60% to 80% of true
thickness. Gold grades are reported uncapped.
CD ZONE KEY POINTS:
- The historic CD
and I-pit complex, collectively the CD Zone, contributed
approximately one-third of the gold ounces produced in the historic
mining operation.
- The CD Zone
contains 182,000 oz Au in indicated resource (15.05 million tonnes
grading 0.38 g/t Au) and 12,000 oz Au in inferred resource (1.18
million tonnes grading 0.32 g/t Au) in the July 2021 resource.
-
Historical drilling was relatively shallow, and a large number of
drill holes bottomed in gold mineralization.
- Step-out
drilling by Liberty Gold along the western margin of the CD Zone
has confirmed stacked horizons of oxide gold mineralization in a
majority of holes, similar to the stacking geometry observed in the
DZ. Total aggregate meters of above 0.15 g/t Au cut-off grade
intercepts include:
- LBP374: 120.4
m
- LBP367: 102.0
m
- LBP376: 76.2
m
- Drilling along
the west flank of the CD Zone identified mineralization lying
outside of the current resource pit
- Drilling under
the historic I-pit identified additional mineralization at depth,
immediately below the pit floor.
- Geotechnical and
metallurgical core drilling are underway in these areas.
CD ZONE STEP-OUT DRILLING
HIGHLIGHT TABLE1
Hole ID (Az, Dip) (degrees) |
From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Cut-off Au (g/t) |
Hole Length (m) |
Target |
Comments |
|
|
|
|
|
|
|
|
|
LBP347 (45, -45) |
61.0 |
90.0 |
29.0 |
0.52 |
0.15 |
152.4 |
I Pit Extension |
Step-Out |
including |
67.1 |
88.4 |
21.3 |
0.64 |
0.20 |
and including |
70.1 |
71.6 |
1.5 |
1.43 |
1 |
and including |
80.8 |
82.3 |
1.5 |
1.45 |
|
|
|
|
|
|
|
|
|
LBP352 (120, -45) |
10.7 |
22.9 |
12.2 |
0.40 |
0.15 |
222.5 |
CD Zone Extension |
Step-Out |
including |
13.7 |
21.3 |
7.6 |
0.52 |
0.20 |
and including |
16.8 |
18.3 |
1.5 |
1.08 |
1.00 |
and |
89.9 |
102.1 |
12.2 |
0.22 |
0.15 |
including |
89.9 |
96.1 |
6.1 |
0.72 |
0.20 |
and |
172.2 |
181.4 |
9.1 |
0.30 |
0.15 |
including |
173.7 |
178.3 |
4.6 |
0.43 |
0.20 |
and |
190.5 |
204.2 |
13.7 |
0.33 |
0.15 |
including |
190.5 |
196.6 |
6.1 |
0.54 |
0.20 |
and including |
192.0 |
193.6 |
1.5 |
1.06 |
1.00 |
|
|
|
|
|
|
|
|
|
LBP355 (120, -90) |
7.6 |
13.7 |
6.1 |
0.38 |
0.15 |
318.5 |
CD Zone Extension |
Step Out |
including |
9.1 |
13.7 |
4.6 |
0.46 |
0.20 |
and |
35.05 |
41.15 |
6.1 |
0.27 |
0.15 |
including |
35.1 |
39.6 |
4.6 |
0.32 |
0.20 |
and |
160.0 |
166.1 |
6.1 |
0.35 |
0.15 |
and |
176.8 |
205.7 |
29.0 |
0.50 |
including |
179.8 |
204.2 |
24.4 |
0.56 |
0.20 |
and including |
179.8 |
181.4 |
1.5 |
1.16 |
1.00 |
and including |
196.6 |
198.1 |
1.5 |
1.93 |
|
|
|
|
|
|
|
|
|
LBP373 (0, -45) |
16.8 |
71.6 |
54.9 |
0.61 |
0.20 |
196.6 |
I Pit Extension |
Step-Out |
including |
19.8 |
24.4 |
4.6 |
1.34 |
1.00 |
including |
29.0 |
32.0 |
3.0 |
1.04 |
including |
38.1 |
41.2 |
3.0 |
2.18 |
|
|
|
|
|
|
|
|
|
LBP374 (45, -45) |
27.4 |
126.5 |
99.1 |
0.37 |
0.15 |
208.8 |
I Pit Extension |
Step-Out |
including |
30.5 |
118.9 |
88.4 |
0.39 |
0.20 |
and including |
82.3 |
83.8 |
1.5 |
1.16 |
1.00 |
and |
132.6 |
147.8 |
15.2 |
0.37 |
0.15 |
including |
137.2 |
147.8 |
10.7 |
0.46 |
0.20 |
|
|
|
|
|
|
|
|
|
LBP376 (10, -45) |
9.1 |
16.8 |
7.6 |
0.24 |
0.15 |
324.6 |
CD Zone Extension |
Step-Out |
and |
29.0 |
35.1 |
6.1 |
0.33 |
and |
48.8 |
62.5 |
13.7 |
0.23 |
and |
85.3 |
99.1 |
13.7 |
0.24 |
including |
89.9 |
99.1 |
9.1 |
0.27 |
0.20 |
and |
176.8 |
189.0 |
12.2 |
0.31 |
0.15 |
including |
179.8 |
189.0 |
9.1 |
0.36 |
0.20 |
and |
221.0 |
243.8 |
22.9 |
0.73 |
0.15 |
including |
221.0 |
239.3 |
18.3 |
0.87 |
0.20 |
and including |
222.5 |
231.7 |
9.1 |
1.32 |
1.00 |
1Liberty Gold has changed the reporting cut-offs to include a
0.15 g/t Au cut-off, to reflect the lower cut-offs used by most
operating oxide heap-leach mines in the Great Basin. The 0.15 g/t
Au cut off is not shown in the table if it is identical to the
corresponding interval using a 0.2 g/t Au cut-off. Downhole
thickness are reported herein; true width varies depending on drill
hole dip, but generally range from 60% to 80% of true thickness.
Gold grades are reported uncapped.
2021 WORK PROGRAM
Drilling commenced April 1st and has been
focused on upgrading inferred portions of the resource to
indicated, step-out drilling on defined targets and discovery
drilling throughout the 12 km2 permitted drill area. The initial
resource pit encompasses the Discovery Zone (D-1, D-2 and D-3
high-grade oxide gold zones) as well as smaller pits at the
Rangefront, M, CD Pit, F, J, E Pit and Back Range zones. The Black
Pine mineral resource estimate released on July 13, 2021 (see
below) does not include any drilling conducted in 2021. Our present
focus is on exploring the Rangefront Focus Area, which will see
drilling throughout the winter months, with a goal to define a
large gold deposit in this area.
ABOUT BLACK PINE
Black Pine is located in the northern Great
Basin, immediately adjacent to the Utah/Idaho border. It is a
Carlin-style gold system, similar in many ways to the prolific
deposits located along Nevada’s Carlin trend. Like Nevada Gold
Mines’ Long Canyon deposit, Black Pine represents a growing number
of Carlin-style gold systems located off the main Carlin and Cortez
trends in underexplored parts of the Great Basin. The historic
Black Pine Mine operated from 1992 to 1997, during a period of
historically low gold prices, with 435,000 ounces of gold produced
from five composite, shallow pits, with an average head grade of
0.63 g/t Au.
A Mineral Resource estimate containing an
indicated mineral resource of 1,715,000 oz of gold at an average
grade of 0.51 g/t Au and totalling 105,075,000 tonnes; and an
inferred mineral resource of 370,000 oz of gold at an average grade
of 0.37 g/t Au and totalling 31,211,000 tonnes was released on July
13, with the resource technical report filed on SEDAR on August 19,
2021 and available on the Liberty Gold website.
A virtual site tour and 3D model of Black Pine property,
including details about the geology and mineralization, is
available on the homepage of the Company’s website:
libertygold.ca
QUALITY ASSURANCE – QUALITY CONTROL
Drill composites were calculated using a cut-off
of 0.20 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 Reno, Nevada
for gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA
finish, or if over 5.0 g/t Au were re-assayed and completed with a
gravimetric finish. For these samples, the gravimetric data were
utilized in calculating gold intersections. For any samples
assaying over 0.10 ppm an additional cyanide leach analysis is done
where the sample is treated with a 0.25% NaCN solution and rolled
for an hour. An aliquot of the final leach solution is then
centrifuged and analyzed by Atomic Absorption Spectroscopy. QA/QC
for all drill samples consists of the insertion and continual
monitoring of numerous standards and blanks into the sample stream,
and the collection of duplicate samples at random intervals within
each batch. Selected holes are also analyzed for a 51 multi-element
geochemical suite by ICP-MS. ALS Geochemistry-Reno is ISO
17025:2005 Accredited, with the Elko prep lab listed on the scope
of accreditation.
QUALIFIED PERSON
Moira Smith, Ph.D., P.Geo., Vice-President Exploration and
Geoscience, Liberty Gold, is the Company's designated Qualified
Person for this news release within the meaning of National
Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") and has reviewed and validated that the information
contained in the release is accurate.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring the Great
Basin of the United States, home to large-scale gold projects that
are ideal for open-pit mining. This region is one of the most
prolific gold-producing regions in the world and stretches across
Nevada and into Idaho and Utah. We know the Great Basin and are
driven to discover and advance big gold deposits that can be mined
profitably in open-pit scenarios. Our flagship projects are Black
Pine in Idaho and Goldstrike in Utah, both past- producing open-pit
mines, where previous operators only scratched the surface.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations Phone:
604-632-4677 or Toll Free 1-877-632-4677 info@libertygold.ca
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Liberty Gold within the meaning of applicable
securities laws, including statements that address potential
quantity and/or grade of minerals. Forward-looking information is
often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "planned", "expect",
"project", "predict", "potential", "targeting", "intends",
"believe", "potential", and similar expressions, or describes a
"goal", or variation of such words and phrases or state that
certain actions, events or results "may", "should", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is not a guarantee of future
performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among
others, assumptions about future prices of gold, and other metal
prices, currency exchange rates and interest rates, favourable
operating conditions, political stability, obtaining governmental
approvals and financing on time, obtaining renewals for existing
licenses and permits and obtaining required licenses and permits,
labour stability, stability in market conditions, the impact from
the pandemic of the novel coronavirus (COVID-19), availability of
equipment, timing of the publication of any updated mineral
resources or PEAs, the availability of drill rigs, successful
resolution of disputes and anticipated costs and expenditures. Many
assumptions are based on factors and events that are not within the
control of Liberty Gold and there is no assurance they will prove
to be correct.
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; the timing of the publication of
any PEAs; 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); delays in obtaining governmental approvals, financing
or in the completion of exploration as well as those factors
discussed in the Annual Information Form of the Company dated March
26, 2021 in the section entitled "Risk Factors", under Liberty
Gold’s SEDAR profile at www.sedar.com.
Although Liberty Gold has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
Liberty Gold disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise.
Cautionary Note for United States Investors
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 Canadian Institute of
Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition
Standards on Mineral Resources and Mineral Reserves (“CIM
Definition Standards”), adopted by the CIM Council, as amended.
However, these terms are not defined terms under SEC Industry Guide
7 (“SEC Industry Guide 7”) under the United States Securities Act
of 1933, as amended, and normally are not permitted to be used in
reports and registration statements filed with United States
Securities and Exchange Commission (the “SEC”). The SEC has adopted
amendments to its disclosure rules to modernize the mineral
property disclosure requirements for issuers whose securities are
registered with the SEC under the United States Securities Exchange
Act of 1934, as amended. These amendments became effective February
25, 2019 (the “SEC Modernization Rules”) with compliance required
for the first fiscal year beginning on or after January 1, 2021.
The SEC Modernization Rules replace the historical disclosure
requirements for mining registrants that were included in SEC
Industry Guide 7. The Company does not file reports with the SEC
and is not required to provide disclosure on its mineral properties
under the SEC Modernization Rules and will continue to provide
disclosure under NI 43-101 and the CIM Definition Standards.
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