Liberty Gold Announces Results from Field Sampling at the Antimony Ridge Discovery, Goldstrike Oxide Gold Project, Southwest Utah Surface Assays Up T o 5.7% Antimony and 3.9 g/t Gold
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News Release 24-24 November 18, 2024
Liberty Gold Announces Results from Field Sampling at the Antimony Ridge
Discovery, Goldstrike Oxide Gold Project, Southwest Utah
Surface Assays Up T o 5.7% Antimony and 3.9 g/t Gold
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ( “Liberty Gold ” or the
“Company”) is pleased to announce the successful completion of a first pass field sampling program
at the Antimony Ridge d iscovery, part of the Company’s Goldstrike Oxide Gold Project
(“Goldstrike”) in southwestern Utah. Following a strategic staking program that added 3.2 square
kilometers to the Goldstrike claim block in September (see press release dated September 5, 2024),
recent field work has confirmed the presence of significant high-grade antimony and gold oxide
mineralization at surface. A follow-up detailed surface sampling and mapping program has been
initiated to better define the key target areas and exploration drill testing is being planned for
2025.
Pete Shabestari , Vice President, Exploration for Liberty Gold , commented: “Our successful
fieldwork at Antimony Ridge confirms the high-grade potential of this discovery, not only for antimony
but for gold as well. This program demonstrates our commitment to unlocking value from all parts of the
Goldstrike project. We look forward to advancing Antimony Ridge into the next phase of exploration
with an expanded field program and preparation for drilling in 2025.”
Key Sampling Results and Discoveries
Liberty Gold’s recent fieldwork has significantly increased the size and grade of the identified
antimony mineralized zone at Goldstrike , with new sampling returning values of up to 5.7%
(57,000 parts per million (“ppm”)) antimony (“Sb”) and 3.94 grams per tonne ( “g/t”) gold (“Au”),
surpassing previous high-grade results of 2.0% antimony and 0.84 g/t gold. A total of 112 surface
samples were taken from across the 6 square kilometer target area. The known high-grade
mineralized zone is hosted within a laterally extensive jasperoid breccia body . The known
mineralized zone spans greater than 450 meters along strike length and is five to locally over 10
meters thick. Sampling has been focused on areas of good exposure and regionally, the jasperoid
is present throughout the eastern area at the conta ct between Eocene sediments and Miocene
volcanics and dips 20-25 degrees to the northeast.
In addition to mapping and sampling at the main antimony and gold zone, the field program
discovered a 300 meter exposure of mineralized jasperoid breccia area 1,500 meters to the east,
along the same contact. See Figure 1 below:
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FIGURE 1: ANTIMONY RIDGE AREA SAMPLING MAP
TABLE 1: HIGHLIGHT ASSAY RESULTS FOR GOLD AND ANTIMONY1
Easting Northing Au ppm Sb ppm Sample Description
249463 4140115 0.051 57,700 Weakly silicified breccia with pervasive strong Sb as 4-5 cm stibnite laths
249487 4140089 0.130 50,700 Stibiconite in jasperoid breccia float near sub cropping jasperoid breccia
249267 4140087 1.230 29,500 Strong jasperoid breccia with strong Sb as darker gray infilling in the breccia matrix
249334 4140045 0.223 27,600
Strong fe-ox jasperoid breccia with strong disseminated stibnite near the Lejaiv
Mine
249289 4140070 0.848 20,600 Jasperoid breccia, multi-phase silicified with disseminated stibnite, quartz veinlets
247572 4140071 0.014 5,380 Strongly oxidized zone of multi-phase jasperoid breccia, quartz veinlets
249211 4140119 0.201 3,890 Strongly silicified with disseminated stibnite throughout, milky white quartz veins
247614 4140034 0.048 1,505 Silicified breccia zone along fault, strong oxidation, lenses of milky white quartz
249316 4140048 0.512 1,440 Strongly silicified jasperoid breccia with fe-ox, thin quartz veins and disseminated Sb
249092 4140139 0.117 1,440 Variable fe-ox jasperoid breccia, disseminated Sb in dark gray quartz breccia
249361 4140025 3.940 1,215 Increasing fe-ox and jasperoid weakly silicified and speckled with white clays
249335 4140041 0.212 1,110 Jasperoid breccia with fe-ox alt and clotty stibnite-stibiconite
1Assay results from surface rock sample have been analyzed at ALS Labs in Reno, Nevada for assay using a fire assay for gold and silver and
aqua regia ICP-MS for Antimony with over-limit results re-run using a KClO3/HCl digestion. 10,000 ppm = 1%; “fe-ox”=iron oxide
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The mineralization at Antimony Ridge occurs as large, bladed to massive disseminated stibiconite
in a multi-phase jasperoid breccia with gold. Stibiconite, is an antimony oxide formed from the in-
situ oxidation of stibnite, the primary antimony sulfide mineral. The stibiconite occurs in a large ,
bedding-parallel jasperoid breccia. This same jasperoid breccia has also been identified at multiple
locations throughout the property . We would expect for the near -surface antimony oxide
mineralization to transition into primary antimony sulfide mineralization down dip, below the limit
of oxidation.
The Antimony Ridge mineralization occurs in the younger stratigraphy, along an easily traceable
contact. See Figure 2 below:
FIGURE 2: ANTIMONY RIDGE GEOLOGIC CROSS SECTION
Antimony Ridge Phase 2 Exploration Program
Building on these positive results, Liberty Gold intends to initiate a second -p hase work program
designed to further expand and refine the high-grade zones, along with the following next steps:
• Focused Rock Sampling: Conduct detailed sampling to extend the high-grade antimony and
gold zones, with a focus on northeast continuity under thin volcanic cover.
• Drill Program Development: Initiate planning for a drill program, including preparation for a
"Notice of Intent" permit application, to evaluate the mineralized zones further and at depth.
• Geological Mapping: Refine existing geologic mapping to better define the structural
controls and mineralized trends of the antimony system.
Update on Process Water Supply for Goldstrike
In support of advancing Goldstrike, Liberty Gold has completed a hydrological desk study in
collaboration with Loughlin and Associates and LRE Water, identifying potential water sources
within the sub -basin. The findings of this study are commercial -in-confidence, and as such, the
report has not been released. The Company is actively engaged in discussions with the Washington
County Water Conservancy District to establish a collaborative approach to new water exploration
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and permitting in the Goldstrike project area. Securing a sustainable water supply for Goldstrike is
a key priority as we continue to de-risk and advance the project.
QUALIFIED PERSON
Peter Shabestari, P.Geo., Vice -President Exploration, 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.
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 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, and the potential quantity and/or grade of minerals and Liberty Gold’s mineral
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Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different
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approvals, the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated
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Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially
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