Liberty Gold Announces Drill Results from the Western Zone and Main Zone at Goldstrike, Utah 2.22 g/t Au over 15.2 m within 1.05 g/t Au over 48.8 m 1.93 g/t Au over 10.7 m within 0.67 g/t Au over 53.3 m
Page 1 of 3
NEWS RELEASE 17-19 September 13, 2017
Liberty Gold Announces Drill Results from the Western Zone and Main Zone at Goldstrike, Utah
2.22 g/t Au over 15.2 m within 1.05 g/t Au over 48.8 m
1.93 g/t Au over 10.7 m within 0.67 g/t Au over 53.3 m
VANCOUVER, B.C. – Liberty Gold Inc. (LGD - TSX) ("Liberty Gold" or the "Company") is pleased to announce
additional drill results from the Western Zone and Main Zone at the 100% controlled Goldstrike Oxide Gold
Project in southwestern Utah. In both areas, drilling is currently focused on amalgamating mineralization over
large areas into single zones of mineralization . Both zones measure over 2 km long and up to 1 km wide, with
areas of untested, high-conviction target potential.
Highlights from the Western Zone include:
- 0.79 grams per tonne gold (g/t Au) over 9.1 metres (m) and 0.38 g/t Au over 19.8 m and 1.40 g/t Au
over 10.7 m within 0.99 g/t Au over 25.9 m in PGS320
- 0.77 g/t Au over 4.6 m and 0.51 g/t Au over 64.0 m in PGS322
- 1.72 g/t Au over 7.6 m within 0.70 g/t Au over 42.7 m in PGS324
- 1.60 g/t Au over 10.7 m within 0.79 g/t Au over 42.7 m in PGS339
Please note that due to having three drills on the property, assay results for the holes are not necessarily
received in sequence.
KEY POINTS
- The newly-defined Western Zone considers five targets as potentially a single linear gold zone up to 3
km long. The objective of the current dr ill program in this area is to drill under and adjacent to four
historic open pits (Covington, Moosehead, Caribou and Beavertail) in order to demonstrate continuity of
gold mineralization over the entire zone.
- The results continue to highlight long int ervals of gold mineralization beginning at shallow depth, hosted
in the Claron Formation (regional gold host) as well as in underlying Paleozoic rocks and fault breccias.
- Drilling is ongoing with two drills in the Western Zone, which encompasses over 3 sq uare km with areas
of known mineralization on surface or at shallow depth bracketing large, untested areas in between.
Highlights from the Main Zone include:
- 0.64 g/t Au over 15.2 metres (m) and 1.96 g/t Au over 9.1 m within 1.11 g/t over 19.8 m in PGS290
- 0.71 g/t Au over 22.9 m in PGS303
- 2.22 g/t Au over 15.2 m within 1.05 g/t Au over 48.8 m in PGS306
- 0.63 g/t Au over 18.3 m in PGS308
- 0.83 g/t Au over 21.3 m in PGS318
KEY POINTS
- The drilling detailed above is part of a resource definition program in the Main Zone, with the goal to
establish continuity of mineralization throughout the entire Main Zone area.
- The results are from the western part of the Main Zone, which contains a zone of higher -grade
mineralization that may have starter pit potential in a mining scenario.
For a complete table of drill results from the current holes, please click here:
Page 2 of 3
http://libertygold.ca/images/sites/default/files/GS_Intercepts09082017.pdf
For a complete table of results for all drilling by Liberty Gold at Goldstrike from 2015 to July 2017, please
click here: http://libertygold.ca/images/sites/default/files/GS_Intercepts2015to09082017.pdf
For a map of drill collars and traces for the current release, please click here:
http://libertygold.ca/images/sites/default/files/GoldStrike_NR201719.pdf
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 l ocated 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. The historic Goldstrike Mine operated from 1988 to 1994, with 209,000 ounces of gold produced from 12
shallow pits, at an average grade of 1.2 g/t Au.
Moira Smith, Ph.D., P.Geo., Vice -President Exploration and Geoscience, Liberty Gold, is the Company' s designated
Qualified Person for this news release within the meaning of National Instrument 43 -101 Standards of Disclosure for
Mineral Projects ("NI 43 -101") and has reviewed and validated that the information contained in the release is accurate.
Drill composites were calculated using a cut -off of 0.20 g/t. Drill intersections are reported as drilled thicknesses. True
widths of the mineralized intervals vary between 30 and 100% of the reported lengths due to varying drill hole orientations,
but are typic ally in the range of 60 to 80% of true width. Drill samples were assayed by ALS Limited in Reno, Nevada for
gold by Fire Assay of a 30 gram (1 assay ton) charge with an AA finish, or if over 5.0 g/t were re -assayed and completed
with a gravimetric finish. For these samples, the gravimetric data were utilized in calculating gold intersections. For any
samples assaying over 0.200 ppm an additional cyanide leach analysis is done where the sample is treated with a 0.25%
NaCN solution and rolled for an hour. An aliquot of the final leach solution is then centrifuged and analyzed by AAS.
Metallic screen techniques may be employed where the presence of coarse free gold is suspected. Approximately 1000
grams of coarse reject material are pulverized and screened. Tw o splits of the fine fraction are assayed, as well as all
material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of
the coarse and fine fractions. QA/QC for all drill samples consists of th e insertion and continual monitoring of numerous
standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each
batch. Selected holes are also analyzed for a 51 multi -element geochemical suite by ICP -MS. ALS Geochemistry -Reno is
ISO 17025:2005 Accredited, with the Elko prep lab listed on the scope of accreditation.
Goldstrike is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43 -
101. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient
exploration to define a miner al resource for the targets disclosed herein. It is uncertain if further exploration will result in
these targets being delineated as a mineral resource. Further information on Goldstrike is available in the technical report
entitled "Technical Report on t he Goldstrike Project, Washington County, Utah, U.S.A.", effective April 1, 2016 and dated
October 7, 2016, prepared by Michael M. Gustin, C.P.G. and Moira Smith, Ph.D., P.Geo. found at the top of this page or
under Liberty Gold's issuer profile in SEDAR (www.sedar.com).
ABOUT LIBERTY GOLD
Liberty Gold is led by a proven technical and capital markets team that continues to discover and define high -
quality assets. Our flagship property is the Goldstrike Oxide Gold Project in Utah. Liberty also has a pipeline of
projects, including Black Pine in Idaho and Kinsley Mountain in Nevada, providing a solid platform for future
growth. Over the past 5 years, there have been 8 new open -pit, heap leach gold mines built around the world
and the management team and/or directors of Liberty Gold are responsible for discovering, developing and/or
building two of them. Long Canyon in Nevada (Fronteer Gold) and Karma in Burkina Faso (True Gold) both
reached commercial production in 2016.
For more information, visit www.libertygold.ca or contact:
Page 3 of 3
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 potent ial quantity and/or grade of minerals, potential size and expansion of a
mineralized zone, proposed timing of exploration and development plans. Forward -looking information is often, but not always, identified by the use of
words such as "seek", "anticipat e", "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 -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 statemen ts 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 stabilit y, obtaining governmental
approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability
in market conditions, availability of equipment, accuracy of any mineral resources, timing and likelihood of deployment of additional drill rigs, the release of
an initial resource report, 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 a s 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; t he 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 Ann ual Information Form of the
Company dated March 28, 2017 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 differ materially from those described
in forward-looking information, there may be other factors that cause actions, 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 an ticipated 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.