Source: Streetwise Reports 01/17/2019
The goals of this Canadian firm’s ongoing drilling efforts are to define more ounces and connect zones.
Liberty Gold Corp. (LGD:TSX) announced in a news release results from further infill and stepout reverse circulation drilling along the southern border of its Goldstrike project in the Great Basin.
These findings come from additional holes that were drilled to test whether mineralization extended further in the Peg Leg zone and in the Hamburg Extension. Indeed, drill results proved that to be the case in both areas, the company noted.
Regarding the Peg Leg zone, mineralization expansion was noted, which was relatively shallow. The grade of it was higher than the average grade of the deposit, the company reported. Highlight assays, from holes PGS670, PGS668 and PGS669, respectively, were 2.95 grams per ton (2.95 g/t) gold over 18.3 meters (18.3m); 0.7 g/t gold over 24.4m; and 1 g/t gold over 13.7m.
At the Hamburg Extension, mineralization was shown to extend to the west along the Hamburg Fault. Its grade, too, was higher than the deposit’s average grade. Hole PGS677 returned gold assays of 0.85 g/t over 7.6m and 1.29 g/t over 36.6m, including 2.82 g/t over 9.1m. Hole PGS676 showed 1.18 g/t gold over 6.1m and 1.17 g/t gold over 9.1m. Hole PGS678 returned 0.83 g/t gold over 12.2m.
Liberty Gold noted that it will incorporate these results along with all others from its 2018 Dixie drill program into an updated resource estimate, due out this year.
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