Jun 28 2017
Liberty Gold Inc. is pleased to announce that the U.S. Bureau of Land Management has approved Liberty Gold’s Plan of Operations for the Goldstrike Oxide Gold Project in Utah. This key permit will allow Liberty Gold to expand drilling to test high-priority targets and build resource ounces across the 74.5 km2 property.
“Receipt of the Plan of Operations, as well as confirmation of excellent metallurgical recoveries, are two of the key deliverables for our company this year”, says Cal Everett, President and CEO of Liberty Gold. “We now have excellent access to the entire 14 square kilometer historical mine trend, as well as a large number of peripheral targets. Liberty can now work to build ounces at an accelerated pace”.
The BLM’s Record of Decision and Finding of No Significant Impacts (“FONSI”) were issued on June 26, 2017. The approved PoO allows Liberty Gold up to 77 acres for exploration and development drilling on up to 368 drill pads. Multiple drill holes can be drilled from a single pad. The PoO covers the Padre Pit area in the northeastern part of the Historic Mine Trend, as well as expanded access to the Dip Slope, Aggie, Warrior and Peg Leg targets and outlying targets identified by previous operators.
For a map outlining the area covered by the PoO, please click here: http://libertygold.ca/images/sites/default/files/GoldStrikePoONR0712.jpg
The map shows three linked priority areas for drilling (Main, Dip Slope and Western Grabens), with one drill allocated per area for resource definition.
Liberty Gold has completed 44,000 metres in 281 Reverse Circulation (“RC”) and Core holes to date at Goldstrike under existing permits, testing less than 10% of the historical drill-defined, target areas. The Company recently added a third RC drill to the project to expedite infill, step-out and exploratory drilling.
The Company plans to amend the Plan of Operations to include additional target areas, reflecting a better understanding of the distribution and controls on mineralization gained during the 16 months since the original Plan of Operations was submitted in early 2016.
Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada’s Carlin trend. Like Kinsley Mountain and Newmont’s Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in underexplored parts of the Great Basin.
For a complete table of results for all drilling by Liberty Gold at Goldstrike from 2015 to June 2017, please click here: http://libertygold.ca/images/sites/default/files/GS_Intercepts2015to06062017.pdf
Source: http://www.libertygold.ca/