Liberty Gold Advances Black Pine Oxide Gold Project with the Submission of a Mining Pre-Plan of Operations to US Federal Agencies and the Selection of a Lead Engineer for the Pre- Feasibility Study
Page 1 of 3
News Release 23-18 September 6, 2023
Liberty Gold Advances Black Pine Oxide Gold Project with the
Submission of a Mining Pre-Plan of Operations to US Federal
Agencies and the Selection of a Lead Engineer for the Pre-
Feasibility Study
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the
“Company”) is pleased to announce a significant milestone in the development of its Black Pine
Project, located in Cassia and Oneida counties, Idaho. Pilot Gold (USA) Inc., a wholly owned
subsidiary of Liberty Gold Corp., has prepared and submitted the mining Pre-Plan of Operations
(“PPO”) for the Black Pine Oxide Gold Project (“Black Pine Project”), a critical step in the
advancement of the project into the Federal and State permitting process and onwards, towards
production.
The Black Pine deposit is situated approximately 5 miles south of Juniper, Idaho, within the United
States Forest Service ( “USFS”) Sawtooth National Forest and on adjacent lands administered by
the U.S. Bureau of Land Management ( “BLM”) from the Pocatello Field Office. The project
encompasses a largely contiguous block of 622 unpatented federal lode claims, state minerals, and
private properties hosting a multi-million ounce oxide gold mineral resource. Liberty Gold has been
exploring the project since acquisition in 2016 and recently completed the major milestone of one
thousand exploration holes drilled by the Company on the property . (See press release dated
September 5, 2023)
Liberty Gold is dedicated to responsible, sustainable exploration and mining practices and has
embarked on a comprehensive process of planning, engineering, a nd permitting in close
collaboration with regulatory agencies to ensure environmentally sound and sustainable
operations. The Company’s second annual ESG report was rec ently published (see press release
dated September 5, 2023). The submission of the mining Pre-Plan of Operations for the Black Pine
Project to the USFS (acting as lead Federal Agency), BLM and Idaho Governor’s Office of Energy
and Mineral Resources, is a further critical step in advancing the project.
The conceptual project entails re -starting conventional open pit mining in pre -existing historical
pits, expanding these pits, and developing new open pits in previously unmined areas. The
extracted oxide gold mineral ization would be processed using the well-established run-of-mine
heap leaching method, with gold produced as dore bars on site. The Company is committed to
maintaining the highest environmental standards and employing established metallurgical
processes that have been used successfully at the Black Pine site and at many other mine sites.
Page 2 of 3
Figure 1: Conceptual Site Layout, Black Pine Project
As part of its commitment to excellence, Liberty Gold is pleased to announce the selection of M3
Engineering, an international engineering firm with a wealth of experience in large -scale mining
operations and environmental stewardship, as the Lead Engineer for the Black Pine Oxide Gold
Project. The M3 Engineering team brings a n impressive track record of success in designing,
constructing, and overseeing multiple mining projects of a similar nature to that proposed at Black
Pine, while prioritizing environmental sustainability and regulatory compliance.
"We are excited to take this significant step forward in the development of the Black Pine Proj ect,"
stated Jason Attew, President and CEO of Liberty Gold. "The submission of the mining Pre-Plan of
Operations reflects our dedication to responsible mining practices , our desire to engage with the
regulatory authorities early in the permitting process in a transparent and inclusive manner and marks
a pivotal moment in our journey towards realizing the project's full potential. We are equally thrilled to
welcome M3 Engineering to our team. With their expertise and guidance, we are confident in our ability
to develop and execute a world -class mining operation at Black Pine that aligns with our commitment
to environmental stewardship and builds opportunity with local communities.”
Page 3 of 3
Liberty Gold remains committed to collaboration with regulatory agencies, stakeholders, and local
communities as the project advances t o the permitting and development phases. The C ompany
will continue to prioritize environmental studies, community engagement, and sustai nable
resource management as it progresses toward the formal submission of the Mine Plan of
Operations expected in second half of 2024.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring for and developing open pit oxide deposits in the Great Basin
of the United States, home to large -scale gold projects that are ideal for open -pit mining. This
region is one of the most prolific gold-producing regions in the world and stretches across Nevada
and into Idaho and Utah. We know the Great Basin and are driven t o discover and advance big
gold deposits that can be mined profitably in open -pit scenarios. Our flagship projects are Black
Pine in Idaho and Goldstrike in Utah, both past - producing open -pit mines, where previous
operators only scratched the surface.
For more information, visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
All statements in this press release, other than statements of historical fact, are "forward -looking information" with respect to Liberty Gold
within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minera ls. Forward-
looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect",
"project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "g oal", or variation of such
words and phrases or state that certain a ctions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of
management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices,
currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing
on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market
conditions, the timing and success of future plans and objectives in the areas of sustainable developm ent, health, safety, environment,
community development; successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors
and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.
Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any
future results expressed or implied by such forward -looking information, including, risks related to the interpretation of results and/or the
reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project
parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery
rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of
contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the
Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, the completion of exploration as
well as those factors discussed in the Annual Information Form of the Company dated March 28, 202 3 in the section entitled "Risk Factors",
under Liberty Gold’s SEDAR profile at www.sedar.com.
Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to diffe r materially from
those described in forward- looking information, there may be other factors that cause ac tions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, future events or otherwise.