Liberty Gold Files Technical Report on SEDAR for Resource Estimate at Black Pine Oxide Gold Deposit, Great Basin, USA
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News Release 21-15 August 19, 2021
Liberty Gold Files Technical Report on SEDAR for Resource
Estimate at Black Pine Oxide Gold Deposit, Great Basin, USA
VANCOUVER, B.C. – Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) ("Liberty Gold" or the
"Company") is pleased to announce that further to its news release dated July 1 3, 2021, the
Company has filed on SEDAR a National Instrument (“NI”) 43 -101 Technical Report for the Black
Pine Oxide Gold Property in southeastern Idaho, USA.
The NI 43-101 Technical Report is entitled “Updated Technical Report and Resource Estimate for
the Black Pine Gold Project, Cassia County, Idaho, USA”, effective June 20, 2021, and signed August
18, 2021 (the “Technical Report”). The Technical Report was prepared in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects by Michael Gustin, P. Geo., of MDA,
a division of RESPEC, based in Reno, Nevada; Gary L. Simmons of GL Simmons Consulting LLC of
Larkspur, Colorado, both independent Qualified Persons under National Instrument 43 -101; and
Moira Smith of Liberty Gold Corp.
The Technical Report is available under the Company’s profile at www.sedar.com and will also be
available on the Company’s website at www.libertygold.ca.
QUALIFIED PERSON
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 NI 43-101 and
has reviewed and validated that the information contained in the release is accurate.
About Black Pine
Black Pine is located in the northern Great Basin, immediately adjacent to the Utah/Idaho border.
It is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada’s
Carlin trend. Like Newmont’s Long Canyon deposit, Black Pine represents 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 Black Pine Mine operated from 1992 to 1997, during a period of
historically low gold prices, with 435,000 ounces of gold produced from five composite, shallow pits,
at an average grade of 0.63 g/t Au.
A virtual site tour and 3D model of Black Pine property, including details about the geology and
mineralization, is available on the Company’s website: libertygold.ca
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring 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 t he Great
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Basin and are driven to 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 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, the
potential size of the mineralized zone, the proposed timing of exploration and development plans, expected capital costs at B lack Pine,
expected gold recoveries from the Black Pine mineralized material, the potential upgrade of inferred mineral resources to measured and
indicated mineral resources, the 2021 work program and the results thereof, the timing and results of any PEAs and the planne d
development work at Black Pine. 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 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 statements are made including,
among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, fa vourable
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 impact from the pandemic of
the novel coronavirus (COVID-19), availability of equipment, timing of the publication of any PEAs, the availability of drill rigs, 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 fut ure 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 proces ses to operate as
anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; the timing of the
publication of any PEAs; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry,
including impacts from the pandemic of the novel coronavirus (COVID-19); 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 26, 2021
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 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.
Cautionary Note for United States Investors
The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”, are Canadian
mining terms as defined in, and required to be disclosed in accordance with, National Instrument 43 -101 – Standards of Disclosure for
Mineral Projects (“NI 43-101”), which references the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum
(the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves (“CIM Definition Standards”), adopted by the CIM
Council, as amended. However, these terms are not defined terms under SEC Industry Guide 7 (“SEC Industry Guide 7”) under the United
States Securities Act of 1933, as amended, and normally are not permitted to be used in reports and registration statements f iled with
United States Securities and Exchange Commission (the “SEC”). The SEC has adopted amendments to its disclosure rules to modernize
the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities
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Exchange Act of 1934, as amended. These amendments became effective February 25, 2019 (the “ SEC Modernization Rules ”) with
compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical
disclosure requirements for mining registrants that were included in SEC Industry Guide 7. The Company does not file reports with the
SEC and is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide
disclosure under NI 43-101 and the CIM Definition Standards.
United States investors are cautioned that there are differences in the definitions under the SEC Modernization Rules and the CIM
Definition Standards. There is no assurance any mineral resources that the Company may report as “measured mineral resources” ,
“indicated mineral resourc es” and “inferred mineral resources” under NI 43 - 101 would be the same had the Company prepared the
resource estimates under the standards adopted under the SEC Modernization Rules. United States investors are also cautioned that
while the SEC will now recognize “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”,
investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of
mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to their
existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume
that any “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” that the Company reports are or
will be economically or legally mineable. Further, “inferred mineral resources” have a greater amount of uncertainty as to their existence
and as to whether they can be mined legally or economically. Therefore, United States investors are also cautioned not to ass ume that
all or any part of the “inferred mineral resources” exist. In accordance with Canadian securities laws, estimates of “inferred mineral
resources” cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-
101. In addition, the SEC has amended its definitions of “proven mineral reserves” and “p robable mineral reserves” to be “substantially
similar” to the corresponding CIM definitions. United States investors are cautioned that a preliminary economic assessment cannot
support an estimate of either “proven mineral reserves” or “probable mineral r eserves” and that no feasibility studies have been
completed on the Company’s mineral properties.
Accordingly, information contained herein describing the Company’s mineral deposits may not be comparable to similar informat ion
made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and
the rules and regulations thereunder.