Liberty Gold Files Technical Report for the Preliminary Feasibility Study at Black Pine Oxide Gold Deposit in Idaho
November 21 2024 - 6:16PM
Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the
"Company") is pleased to announce that further to its news release
dated October 10, 2024, the Company has filed a National Instrument
43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)
technical report entitled “Technical Report and Pre-feasibility
Study for the Black Pine Gold Project, Cassia and Oneida Counties,
Idaho, USA”, effective June 1, 2024, and dated November 21, 2024,
on the Company’s profile on SEDAR+ at www.sedarplus.ca.
The Technical Report was prepared by the
following team of industry experts:
Category |
Name |
Company |
Mineral Resource Estimate |
Valerie Wilson, P.Geo. |
SLR Consulting Ltd. |
Mineral
Reserve Estimate |
Todd
Carstensen, RM-SME |
AGP
Mining Consultants Inc. |
Metallurgy |
Gary
Simmons, MMSA |
GL
Simmons Consulting, LLC. |
Heap
Design & Closure |
Nicholas T. Rocco, Ph.D., P.E. |
NewFields Companies LLC. |
Mineral
Processing & Financial Evaluation |
Benjamin Bermudez, P.E. |
M3
Engineering & Technology Corp. |
Infrastructure & Study Lead Engineer |
Matthew
Sletten, P.E. |
M3
Engineering & Technology Corp. |
Hydrology |
John
Rupp, P.E. |
Piteau
Associates Ltd. |
Geotechnical Engineering |
Daniel
Yang, P.Eng., P.E. |
Knight
Piésold Ltd. |
Environmental Permitting & Compliance |
Richard
DeLong, M.Sc. |
Westland Engineering & Environmental Services Inc. |
The Technical Report is also available on the
Company’s website at libertygold.ca.
QUALIFIED PERSON
Peter Shabestari, P.Geo., Vice-President
Exploration, Liberty Gold, is the Company's designated Qualified
Person for this news release within the meaning of 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 for and
developing open pit oxide deposits in 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.
For more information, visit libertygold.ca or
contact:
Susie Bell, Manager, Investor RelationsPhone:
604-632-4677 or Toll-Free
1-877-632-4677info@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, potential size and
expansion of a mineralized zone, proposed timing of exploration and
development plans, expected capital costs at Black Pine, expected
gold and silver recoveries from the Black Pine mineralized
material, potential additions to the resource through additional
drill testing, potential upgrade of inferred mineral resources to
measured and indicated mineral resources, the potential for silver
resources at Black Pine and intentions to pursue a silver resource
study and beliefs regarding gold resources being contained within a
larger property area. 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, availability of equipment, accuracy
of any mineral resources and mineral reserves, the availability of
drill rigs, the accuracy of the pre-feasibility study, 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; delays in permitting; possible
claims against the Company; labour disputes and other risks of the
mining industry; 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 28, 2024 in the section entitled "Risk Factors", under
Liberty Gold’s SEDAR+ profile at www.sedarplus.ca .
The Mineral Resource estimates referenced in
this press release use the terms "indicated mineral resources",
"inferred mineral resources" and “probable mineral reserves”. While
these terms are defined in and required by Canadian regulations
(under NI 43-101), these terms are not recognized by the U.S.
Securities and Exchange Commission ("SEC"). "Inferred Mineral
Resources" have a great amount of uncertainty as to their
existence, and great uncertainty as to their economic and legal
feasibility. The SEC normally only permits issuers to report
mineralization that does not constitute SEC Industry Guide 7
compliant "reserves" as in-place tonnage and grade without
reference to unit measures. U.S. investors are cautioned not to
assume that any part or all of mineral deposits in these categories
will ever be converted into reserves. Liberty Gold is not an SEC
registered company.
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 unless required by law.
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