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NEWGENGOLD PREVIEW
Liberty Gold, as we advance Black Pine toward a modern, low-
cost, large-scale, multi-million-ounce heap-leach project.
BLACK PINE “Importantly, over half of the Black Pine deposit averages 1 g/t
gold and with minimal royalty burden overall, should drive strong
Owner: Liberty Gold Inc. economics, to be outlined with the release of the upcoming PEA.
Location: Great Basin, Idaho, United States “Black Pine is one of the few oxidized Carlin-style deposits of this
Reserves: N/A size and scale remaining in the Great Basin. The ultimate gold
Resources: 105mt @ 0.51 g/t for 1.71 moz endowment at Black Pine remains unknown, given the 14sq km,
gold (indicated); 31.2mt @ 0.37 g/t for drill-confirmed scale of the system to date, of which only a small
370,000oz (inferred)
Project status: PEA portion is covered in this first resource estimate.”
The Great Basin is littered with low-grade, heap leach gold
SX-listed junior Liberty Gold Inc has turned conventional wisdom operations which Everett says are known for their high cash
Tabout Great Basin gold deposits on its head, delivering a maiden margins.
resource several times richer than other prospects in the belt. With its higher grades, Black Pine appears set to join them, should
The global resource of 105mt @ 0.51 g/t for 1.71 moz gold a PEA due for this year prove positive.
(indicated) and 31.2mt @ 0.37 g/t for 370,000oz (inferred) for the Liberty acquired the project in 2016 but was left frustrated by
company’s Black Pine gold project is of standard grade for the two years of permitting. When it eventually got on the ground it
Great Basin, Idaho. At a 0.5 g/t cut-off, that resource of 30.5mt @ reinterpreted the geological model, drilling deeper to define oxide
1.04 g/t for 1.02 moz (indicated) and 4.4mt @ 0.94 g/t for 134,000oz gold mineralisation in a series of low-angle fault panels.
(inferred) is considerably higher-grade than other deposits. While the PEA is the current focus, Liberty intends to test the wider
Liberty chief executive Cal Everett said the company was “thrilled” potential of the property.
with the maiden resource. The major gold trends remain untested for several square
“[It is] a tremendous accomplishment over such a short, two-year kilometres under shallow cover, with Black Pine itself accounting
period,” he said. “This resource estimate is a major catalyst for for only 1.8sq km of the identified 14sq km mineralised system.

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