Liberty Gold Announces Advancement of the Mine Permitting Process for the Black Pine Oxide Gold Project, Idaho
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News Release 24-22 November 4, 2024
Liberty Gold Announces Advancement of the Mine Permitting Process
for the Black Pine Oxide Gold Project, Idaho
VANCOUVER, B.C. – Liberty Gold Corp. ( TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the
"Company") is pleased to announce the achievement of three important milestones in the
permitting process for its flagship Black Pine Oxide Gold project (“Black Pine”) in southeast Idaho.
Collaborative efforts with the U.S. Forest Service (“USFS”) have resulted in the recent execution of
a Memorandum of Understanding (“MOU”) and a C ost Recovery Agreement. Additionally, the
selection and approval of a third- party contractor for the National Environmental Policy Act
(“NEPA”) process was also received from the USFS and Bureau of Land Management (“BLM”).
These accomplishments mark critical steps in the Company’s ongoing efforts to advance Black Pine
towards feasibility and an eventual construction decision, while ensuring compliance with federal
and state environmental standards and maintaining a collaborative engagement with stakeholders.
Matt Zietlow, Director, Regulatory Affairs and Sustainability, of Liberty Gold: “We are pleased to
formalize our collaboration with the U.S. Forest Service and look forward to advancing the NEPA process
with an experienced third-party contractor approved by both lead federal agencies. These developments
underscore our commitment to working closely with federal regulators to ensure a thorough and
transparent permitting process that meets the highest environmental and regulatory standards. Our
progress in permitting brings us closer to unlocking the significant value of our flagship project and aligns
with our commitment to environmental responsibility and stakeholder engagement.”
Highlights
The Sawtooth National Forest of the Forest Service, Department of Agriculture, is following NEPA
regulations to prepare an environmental report, an Environmental Impact Statement (“EIS”), for a
major federal action proposed by the Cooperator, specifically the Black Pine Mine Project.
The MOU formalizes a collaborative partnership between Liberty Gold and the USFS, establishing
a cooperative framework for the project’s NEPA permitting pathway. This agreement sets forth
clear objectives, roles, and responsibilities for both parties, and is designed to facilitate efficient
project progression while upholding federal environmental stewardship standards.
In conjunction with the MOU, Liberty Gold has entered into a Cost Recovery Agreement with the
USFS to cover the expenses associated with the NEPA review , EIS preparation, and related
administrative support. The agreement reflects the Company’s commitment to advancing the
permitting process efficiently and responsibly, supporting the necessary resources to achieve
regulatory milestones on schedule.
The USFS and BLM as co -lead, in consultation with Liberty Gold, have now selected a qualified
third-party NEPA contractor to complete the E I S f o r t h e p r o j e c t . T h i s s e l e c ti o n i s a s i g n i fi c a n t
milestone and key step towards initiation of the NEPA permitting process. The contractor will work
closely with the USFS, BLM, and Liberty Gold as the proponent, into performing a comprehensive
analysis of potential environmental impacts for the project and ensuring public transparency and
stakeholder engagement.
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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 to discover and advance big gold
deposits that can be mined profitably in open-pit scenarios.
For more information, visit www.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 minerals, potential size
and expansion of a mineralized zone, proposed timing of exploration and development plans, expected capital costs at Black Pine, expected
gold and silver recoveries from the Black Pine mineralized material, potential additions to the resource through additional drill testing, potential
upgrade of inferred mineral resources to measured and indicated mineral resources, the timing and receipt of necessary permitting. 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 "goal", or variation of such
words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-l o o k i n g i n f o r m a ti o n i s n o t a g u a r a n t e e o f f u t u r e p e r f o r m a n c e a n d i s b a s e d u p o n a n u m b e r o f e s ti m a t e s a n d a ssumptions of
management at the date the statements are made including, among others, assumptions about future prices of gold, and other me tal 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, availability of equipment, accuracy of any mineral resources and mineral reserves, the availability of drill rigs, the accuracy of the
PFS, 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, financing or in the completion of exploration as well
as those factors discussed in the Annual Information Form of the Company dated March 28, 2024 in the section entitled "Risk Factors", under
Liberty Gold’s SEDAR+ profile at www.sedarplus.ca .
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 -l o o k i n g i n f o r m a ti o n , t h e r e m a y b e o t h e r f a c t o r s t h a t c a u s e a c ti o n s , e v e n t s o r r e s u l t s 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 unless required by law.