Liberty Gold expands new high-grade gold zone at Black Pine, Idaho

Liberty Gold Corp. [LGD-TSX] announced additional reverse circulation (RC) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho, United States.

As announced on June 23, a third high-grade oxide gold discovery (D-3 Zone) was identified in close proximity to the D-1 and D-2 Zone discoveries made in 2019. The D-3 Zone lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modelled to underlie at least the southern two-thirds of the Black Pine gold system.

Eight additional holes have extended mineralization over 400 metres in a north-south direction by 250 metres in an east-west direction. D-3 remains open for extension in all directions. Drill hole LBP138 lies at the south end of the zone as currently defined, and returned 1.20 g/t gold over 67.1 metres, including 2.57 g/t gold over 16.8 metres. The hole bottomed in mineralization, with the last 1.54-metre long interval returning 0.84 g/t gold. Refer to company press release for complete assays.

“The new drill results confirm that the D-3 Zone is a significant new discovery,” said Cal Everett, President and CEO. “Given the grade, thickness and dimensions that are beginning to take shape, we believe that D-3 will have a positive material impact on the resource endowment at Black Pine. Each D-3 drill hole to date contains multiple reportable oxide gold intervals above 0.5 g/t gold.”

Drilling is continuing to in fill and step out on the D-3 zone, which will bring more clarity to the overall size and orientation of this discovery. Currently 10 drill holes define D-3. Additional drilling is under way to determine the overall size and extent of the D-3.

In mid-morning trading on July 16, shares of Liberty Gold gained $0.05 to $2.09 on a volume of 383,800 shares traded.

Company Updates From Management – Wed 1 Jul, 2020

Integra Resources – Overview of the DeLamar Property with a focus on the exploration drilling this year

Integra Resources (TSX.V:ITR – OTCQX:IRRZF) has been brought up a number of times on the show especially after the new discovery holes from last year.

George Salamis, President and CEO of Integra Resources joins me for a complete overview of the Company. We focus on the DeLamar Project in Southern Idaho. We start with a quick overview of the current resource and PEA details from last year. Then we focus on the planned exploration at the project. After the high grade results from last year’s drilling there is a lot of optimism about the drilling taking place this year.

If you have any follow up questions for George regarding Integra please email me at Fleck@kereport.com.

Click here to visit the Integra website and read over the full news release.

Overview of the target areas at the DeLamar Project

Liberty Gold discovers third gold zone at Black Pine, Idaho

Liberty Gold Corp. [LGD-TSXV] reported the first drill results from the 2020 drill program at its Carlin-style Black Pine property in southern Idaho.

A third high-grade oxide gold discovery (D-3 zone) has been discovered in close proximity to the D-1 and D-2 zone discoveries made in 2019. The D-3 zone lies beneath the limit of shallow historical drilling in a stratigraphic unit that is modelled to underlie at least the southern two thirds of the Black Pine gold system. This stratigraphic horizon, the lowest in the 400-metre-thick carbonate sequence that hosts gold mineralization at Black Pine, is the primary host for gold mined in the historic CD pit, but has only been tested by shallow drill holes in two other locations on the property.

Reverse circulation (RC) drilling to the west of the now-amalgamated Discovery 1 and Discovery 2 zones (D-1 and D-2) encountered a thick zone of high-grade oxide gold in hole LBP127 below and laterally adjacent to the historic B pit, where outcropping gold mineralization was mined at a 1.38 g/t gold. LBP127 bottomed in grade, with the last five, five-foot sample intervals grading greater than 2 g/t gold. LBP129, drilled 215 metres to the north, returned 1.60 g/t gold over 29.0 metres, including 2.09 g/t gold over 19.8 metres at the same vertical elevation. Hole LBP127 in the D-3 Zone returned 1.98 g/t gold over 33.5 metres, including 3.93 g/t gold over 15.2 metres, and 1.11 g/t gold over 30.5 metres.

In addition, new drilling in the D-1/D-2 zones:

  • Confirms the extension of oxide gold mineralization at shallow depth in the 400-metres long gap between the southeast end of the D-1 Zone and the Tallman pit;
  • Confirms the presence of oxide gold in a sparsely drilled area at the transition between D-1 and D-2;
  • Extends the D-1 Zone an additional 40 m farther to the west.

A third drill has been mobilized to the Black Pine project, and the current exploration program has been increased from 28,000 to 46,000 metres, exclusive of a core drilling program planned for later in the season. Liberty Gold is well financed to continue to accelerate its exploration efforts.

“The new D-3 discovery will be drill defined in the same manner as the D-1 and D-2 discoveries in 2019,” commented Cal Everett, President and CEO. “The intercept in LBP127 is the ninth-best drill hole that Liberty Gold has drilled to date on a top-to-bottom, grade-times-thickness basis. The combination of several high-grade oxide gold discoveries in close proximity to each other, and in association with recently released excellent metallurgy elevates the value of the Black Pine project. Liberty Gold has increased its landholdings in the project area and has protected our interests on a district scale. Intercepts like we encountered in LBP127 never tend to occur in isolation and we are looking forward to drill testing this new stratigraphic horizon in the D-3 discovery. Two drills are currently focused on and will not wander away from D-3, with a third drill exploring new targets.”

D-3 Key Points:

LBP127 represents a new discovery (D-3) to the west of the D-1 and D-2 zones, two new discoveries of high-grade mineralization made in 2019 below the limit of historic drilling.

Being located in close proximity to D-1 and D-2, the D-3 zone is accretive to the overall gold endowment in the northern portion of the Black Pine gold system.

The new discovery is located in a stratigraphic unit that lies below the unit hosting high-grade gold mineralization in the D-2 zone. This unit is modelled to underlie the southern two-thirds of the gold system and is the primary host for mineralization mined in the historic CD pit but has only been tested by historic drill holes in a few locations.

RC drilling is continuing at Black Pine, with three drill rigs currently operating, testing new targets and expanding on the focused drilling carried out in 2019 over much of the 7.3 km2 permit area. In addition to drilling, Liberty Gold is expanding the permit area to include an additional 4.6 km2. Metallurgical column testing is continuing, with a second metallurgical release from core sampling expected in Q3.

Black Pine is located in the northern Great basin adjacent to the Utah/Idaho border. It is a Carlin-style gold system, similar to the deposits along Nevada’s Carlin trend. 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 shallow pits.

Bond Resources Starts Exploration Drilling at High Grade Past Producer Mary K

Bond Resources (CSE: BJB) (FSE:5B1) will focus on near-term production and rediscovery at the high-grade historic Mary K mine near Elk City, Idaho. The team is comprised of industry veterans and led by former Cliffs Natural Resources (NYSE: CLF) CEO, Joseph Carrabba.

The company just announced their maiden drill program (see press release below) at the past producing Mary K mine. But before you get into that release, you learn about Bond Resources and their quest for rediscovery in Idaho with a podcast that Mr. Carrabba did on Mining Monday with Anil Mall of the CSE’s #hastagfinance channel.

 “We are operators looking to bring a mine into production…the shareholders do own the company and I respect that!” – Joseph Carrabba, CEO, Bond Resources

Joseph Carrabba on How to Find Gold in Idaho | CSE Presents #HashtagFinance

 

Bond Resources Inc. [CSE: BJB, FSE: 5B1] (the “Company” or “Bond”) is pleased to announce its first drill program on the Mary K Mine project, near Elk City, Idaho.

The program will consist of 14 holes for a total of 5,470 ft (1667 metres) and is primarily designed to validate historical gold grades and test the continuity of the Mary K vein system.

Bond Resources will also test for additional parallel veins south of the Mary K workings. There are historical references to several parallel structures south of the mine, specifically the June Bug vein and a potentially mineralized aplite dyke. In addition, geologists have identified several areas of quartz vein float on the surface that warrant drill testing.

“We are excited to commence our drill campaign on the Mary K property, stated Joseph A. Carrabba, President & CEO of Bond Resources. “The historical Mary K mine was shut down in 1942 and never re-opened. Historical records indicate that only 2,000 tons of mineralized gold material was mined with an average reported grade of 0.65 ounces per ton. We believe there is still significant gold potential on the property and this first drill program will test some key targets.”

One of the most compelling targets was described by a previous owner and mining engineer, Richard Kleesattle. The last workings driven by Kleesattel in 1942 were to about 23 ft (7 meters) below the #4 level, near what he called “the apex of a very rich ore shoot”. He recorded assays ranging from 11 to 59 ounces per ton from this development. These workings were developed but never mined.**

**While the company believes the historical sampling data referred to is reliable, readers are cautioned that a qualified person has not completed sufficient work to be able to verify the historical information and therefore the information should not be relied upon.

Phase 1: Testing the Mary K Vein (Link to drill plan map here)

Drill pads #1 and #2 will be located on the hanging wall side of the Mary K vein, on the northeast side of the main historical workings. Five holes will be drilled in a vertical fan pattern towards the south. These holes will test the reported high-grade “Apex” target area below level 5 of the mine and then test the up-dip continuity and grade of the vein closer to the surface. These holes will also look to intersect a mineralized aplite dyke that was described by Mr. Kleesattle in this area.

Phase 2: Testing for Parallel Vein Structures

Three more drills pads will be constructed south of the Mary K Vein near where quartz-vein float has been identified on surface.  Two holes will be drilled from each pad in a scissor pattern, one aiming north and one south, with the goal of identify additional mineralized veins and their orientation.

Historical records also indicate that Mr. Kleesattle had developed a drift on the second level of the Mary K vein to reach another parallel vein 250 ft to the south. This vein was dubbed the “June Bug Vein.” A sixth drill pad will be positioned on the footwall side of the Mary K vein about 350 ft west of Drill Pads #1 and #2. Three drill holes will be collared on this pad. One will be drilled north to test the western portion of the Mary K vein and the other two will be drilled to the south to test the western extent of the June Bug Vein.

Additional Work to be Completed

In late June, Bond Resources has arranged for a LIDAR (Laser Imaging, Detection, and Ranging) survey to be performed over the Mary K property.  This will set control points throughout the property for future survey use, but more importantly since LIDAR uses ultraviolet, visible and near infrared light to image objects the survey should be able to help identify historic surface workings and previously unrecognized geologic structures.

Qualified Person

The scientific and technical content and interpretations contained in this news release have been reviewed, verified, and approved by Dr. Criss Capps PhD. P.Geo., an independent consultant to Bond Resources Inc.   Dr. Capps is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Bond Resources:  Bond Resources is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho.  The Company will focus on near-term production and rediscovery at the high-grade historic mine.  Led by industry veterans and located in the mining friendly jurisdiction of Idaho, USA, Bond Resources combines the technical expertise of industry experts and a transparent communications model to increase shareholder value.

ON BEHALF OF THE BOARD

(sgd.) “Joseph A. Carrabba

Joseph A. Carrabba, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936

Contact: Robert Eadie

 

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release

This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulations under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release may include certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: future work to be carried on the Property; use of funds; and the business and operations of Bond. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Bond Resources disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Updates From Management – Wed 11 Mar, 2020

Revival Gold – The Exploration Plans This Year To Grow The Resource at Beartrack-Arnett

Revival Gold (TSX.V: RVG & OTCQB – RVLGF) announced a financing last week with plans to raise C$5million. Hugh Agro, Revival’s President and CEO joined me to discuss the plans to grow the current resource and publish a PEA by year end.

Please email me with any questions you have for Hugh and his team and I will get those answered for you – Fleck@kereport.com

For a recap of the recent resource (announced on February 3rd) click here to listen to our last interview.

Click here to visit the Revival website and read over the most recent Company presentation.

Company Updates From Management – Wed 11 Mar, 2020

Revival Gold – The Exploration Plans This Year To Grow The Resource at Beartrack-Arnett

Revival Gold (TSX.V: RVG & OTCQB – RVLGF) announced a financing last week with plans to raise C$5million. Hugh Agro, Revival’s President and CEO joined me to discuss the plans to grow the current resource and publish a PEA by year end.

Please email me with any questions you have for Hugh and his team and I will get those answered for you – Fleck@kereport.com

For a recap of the recent resource (announced on February 3rd) click here to listen to our last interview.

Click here to visit the Revival website and read over the most recent Company presentation.

Company Updates From Management – Tue 4 Feb, 2020

Revival Gold – More Information on the new resource at Beartrack-Arnett

Revival Gold (TSX.V: RVG & OTCQB:RVLGF) released a new resource on the Beartrack-Arnett Project that came in at 2.99million ounces.

Hugh Agro, President and CEO of Revival joins me to discuss some of the finer details of the resource. We breakdown the different components of the resource and how the Company plans to proceed with exploration and potential development of the leach material.

If you have any questions for Hugh and his team please email me at Fleck@kereport.com.

Click here to read over the full news release on the resource.

Company Updates From Management – Thu 9 Jan, 2020

Revival Gold – Recapping the milestones of 2019 and the significant news coming up in 2020

Revival Gold (TSX.V:RVG & OTCQB:RVLGF) had a busy year in 2019 completing over 5,000meters of drilling, permitting, and metallurgical testing on it’s Beartrack and Arnett projects in Idaho. Hugh Agro, President and CEO of Revival joins me to recap the significant news of 2019 and look ahead to 2020. This year promises to be another busy year starting with an updated resource early this year. Listen in find out what else is coming in 2020.

Click here to visit the Revival website and read over the Company’s presentation.

Integra reports met test results for DeLamar and Florida Mountain

Vancouver-based Integra Resources has received positive results from metallurgical testing of samples from its DeLamar and Florida Mountain gold-silver deposits about 160 km from the capital, Boise.

From six Florida Mountain oxide samples, recoveries of 83.3% gold and 39.7% silver were achieved in bottle roll tests. The same oxide sample composites had 72.4% gold and 23.4% silver recoveries after 23 days of a 63-day preliminary column leach test. Integra says the success of the column flotation tests indicate that the deposit could be successfully heap leached.

The deeper un-oxidized mineralization from DeLamar will probably be more amenable to flotation. Historical work demonstrated good recoveries in sulphide concentration, fine grinding and cyanidation.

Integra is working on a preliminary economic assessment for the DeLamar project due out in H2 2019. Several processing options will be considered.

The inferred resource for both Florida Mountain and DeLamar deposits is 154.5 million tonnes grading 0.45 g/t gold for 2.27 million contained oz. The silver grade averages 21.92 g/t for 108.5 million contained oz. The gold equivalent grade is 0.71 g/t or 3.5 million contained oz.

The historic DeLamar mine was closed in 1998 after producing 1.6 million oz. of gold and 100 million oz. of Senile.

(This article first appeared in the Canadian Mining Journal)

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