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Liberty Gold Announces Drilling Program Results from Western Flank East Extension Target

Liberty Gold Inc. is pleased to announce results from 4 reverse circulation (RC) holes drilled at the Western Flank East Extension Target at the Kinsley Mountain Project in eastern Nevada. The drill program is part of an ongoing effort to test new targets and expand sparsely-drilled targets at Kinsley.

Highlights from the Western Flank East Extension Target include:

  • From the Secret Canyon Shale Zone (lower host):
    • 5.30 grams per tonne gold (g/t Au) over 29.0 metres (m) including 7.84 g/t Au over 16.8 m in PK221
    • 3.68 g/t Au over 3.0 m in PK224
  • From the Dunderberg Shale Zone (upper host):
    • 12.4 g/t Au over 4.6 m including 35.1 g/t Au over 1.5 m in PK221
    • 6.84 g/t Au over 7.6 m including 12.8 g/t Au over 3.0 m in PK224

The Western Flank East Extension Target is located immediately east of the Western Flank deposit.

The sulphide resource at the Western Flank, hosted in the Secret Canyon Shale, is currently estimated at 284,000 Indicated ounces of gold grading 6.04 g/t, and 39,000 Inferred ounces grading 2.41 g/t gold. (See December 17, 2015 press release, and the Kinsley Technical Report available on the Company’s website at www.libertygold.ca or under Liberty Gold’s SEDAR profile at www.sedar.com.)

The Western Flank East Extension Target is located immediately east of the resource area, and had yielded several high-grade intercepts in previous drilling, including:

  • 6.15 g/t Au over 7.6 m (Secret Canyon Shale host) in PK200
  • 2.34 g/t Au over 9.1 m (Dunderberg Shale host) in PK208 and
  • 3.46 g/t Au over 18.3 m including 13.7 g/t Au over 3.0 m (Secret Canyon Shale host) in PK208
  • 2.95 g/t Au over 13.7 m (Secret Canyon Shale host) in PK210

The new drill holes link gold mineralization in the Western Flank deposit to drill holes PK208 and PK210, 150 m to the east, and provide impetus for further drilling in this sparsely tested area, which remains open to infill and extension in all directions for both stratigraphic horizons.

Three additional holes were drilled in the current program.  One drill hole tested the Dunderberg Shale and returned 1.37 g/t Au over 3.0 metres, but was lost above the Secret Canyon Shale target.  Another hole tested stratigraphy to the southeast of the historic mine.  It did not return a mineralized intercept, but it did confirm the presence of the prospective Secret Canyon Shale at shallow depth.

For a complete table of drill results for the current holes, please click here: http://libertygold.ca/images/sites/default/files/KinsleyIntercepts17-13.pdf

For a map of drill collars and traces for the current release, please click here: http://libertygold.ca/images/sites/default/files/KinsleyNR17-13.jpg

Western Flank Target Area

The Western Flank deposit was discovered in late 2013 in the Secret Canyon Shale Formation, which lies below the Dunderberg Shale, host to shallow oxide resources and past-production at Kinsley, and was previously unrecognized as a potential host to mineralization (November 18, 2013 press release). In late 2015, Liberty Gold released a resource estimate for the Kinsley deposit, including a separate estimation for the Western Flank Zone (November 5, 2015 press release). Metallurgical testing of sulphide material from the Western Flank Zone returned excellent recoveries and concentrate grades, suggesting that the gold may be amenable to extraction using low capital cost, conventional flotation methods (January 19, 2015 press release).

Source: http://www.libertygold.ca/

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