VANCOUVER, British Columbia, Nov. 18, 2024 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (Liberty Gold or the Company) is pleased to announce the successful completion of a first pass field sampling program at the Antimony Ridge discovery, part of the Company’s Goldstrike Oxide Gold Project (Goldstrike) in southwestern Utah. Following a strategic staking program that added 3.2 square kilometers to the Goldstrike claim block in September (see press release dated September 5, 2024), recent field work has confirmed the presence of significant high-grade antimony and gold oxide mineralization at surface. A follow-up detailed surface sampling and mapping program has been initiated to better define the key target areas and exploration drill testing is being planned for 2025.
Pete Shabestari, Vice President, Exploration for Liberty Gold, commented: Our successful fieldwork at Antimony Ridge confirms the high-grade potential of this discovery, not only for antimony but for gold as well. This program demonstrates our commitment to unlocking value from all parts of the Goldstrike project. We look forward to advancing Antimony Ridge into the next phase of exploration with an expanded field program and preparation for drilling in 2025.
Key Sampling Results and Discoveries
Liberty Gold’s recent fieldwork has significantly increased the size and grade of the identified antimony mineralized zone at Goldstrike, with new sampling returning values of up to 5.7% (57,000 parts per million (ppm)) antimony (Sb) and 3.94 grams per tonne (g/t) gold (Au), surpassing previous high-grade results of 2.0% antimony and 0.84 g/t gold. A total of 112 surface samples were taken from across the 6 square kilometer target area. The known high-grade mineralized zone is hosted within a laterally extensive jasperoid breccia body. The known mineralized zone spans greater than 450 meters along strike length and is five to locally over 10 meters thick. Sampling has been focused on areas of good exposure and regionally, the jasperoid is present throughout the eastern area at the contact between Eocene sediments and Miocene volcanics and dips 20-25 degrees to the northeast.
In addition to mapping and sampling at the main antimony and gold zone, the field program discovered a 300 meter exposure of mineralized jasperoid breccia area 1,500 meters to the east, along the same contact. See Figure 1 below:
FIGURE 1: ANTIMONY RIDGE AREA SAMPLING MAP
TABLE 1: HIGHLIGHT ASSAY RESULTS FOR…
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