Gold explorer’s drilling ‘confirmed and expanded historical results’

Source: Streetwise Reports   04/17/2018

Mick Carew, an analyst with Haywood Securities, reviewed and analyzed the company’s recent drill results from its Idaho project.

Liberty Gold Project Map

In an April 11 research note, analyst Mick Carew with Haywood Securities reported that Liberty Gold Corp. (LGD:TSX) released final data from drilling done at its Black Pine project, which “successfully confirmed and expanded historical results adjacent to historic pits and in established target areas. The results also demonstrate exploration potential beneath the limit of shallow historical drilling.”

Carew reminded readers that Liberty began a 13-hole, 2,077 meters (2,077m) drill program last year to test five areas within a 12 square kilometer area that was targeted based on past findings. The new data were from 11 of 13 reverse circulation drill holes. Five holes were from near the North B extension pit, three were in the J anomaly, two were in the Hazel Pine target and one was as from near the South B extension pit.

Two highlight holes, Carew indicated, are LBP004 and LBP011. LBP004 showed:

  1. 24.4m grading 0.96 grams per ton (0.96 g/ton) gold from a downhole depth of 10.7m, including 1.5m grading 6.18 g/ton gold
  2. 9.1m grading 1.03 g/ton gold from a downhole depth of 51.8m, including 6.1m grading 1.28 g/ton gold
  3. 15.2m grading 0.54 g/ton gold from a downhole depth of 111.3m

LBP011 showed:

  1. 10.7m grading 2.37 g/ton gold from surface, including 9.1m grading 2.27 g/t gold
  2. 15.2m grading 0.65 g/ton gold from a downhole depth of 106.7m, including 4.6m grading 1.38 g/ton gold

Liberty plans to commence a phase 2 drill program at Black Pine in mid-June, which will “follow up on results from the A basin area, the J anomaly and the B pit extension as well as test other high priority targets,” Carew explained.

The analyst noted that for comprehensive drill testing, the company needs a new plan of operations that will “open up access to the entire 12 square kilometer area,” which is currently pending.

Upcoming catalysts for Liberty are drill results from another of its projects, Goldstrike, which are expected throughout the year, and advancement of Goldstrike to a preliminary economic assessment decision, which is likely to happen in Q2/18.

Haywood has a Buy rating and a CA$1 per share price target on Liberty Gold, whose stock is trading today at around CA$0.42 per share.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Gold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.