Liberty Gold Identifies an Outcropping High-Grade Antimony System at the Antimony Ridge Prospect, Goldstrike Oxide Gold Project, Southwest Utah Surface Sample Results Grading Up To 2.2% Antimony; 3.2 Square Kilometers of New Ground Acquired
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News Release 24-17 September 5, 2024
Liberty Gold Identifies an Outcropping High-Grade Antimony System at the
Antimony Ridge Prospect, Goldstrike Oxide Gold Project, Southwest Utah
Surface Sample Results Grading Up To 2.2% Antimony; 3.2 Square
Kilometers of New Ground Acquired
VANCOUVER, B.C. – Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ( “Liberty Gold ” or the
“Company”) is pleased to announce the identification of a high-grade antimony (“Sb”) mineralizing
system that outcrops along the eastern extension of the Goldstrike Oxide Gold deposit
(“Goldstrike”), Southwest, Utah.
The Company has completed a staking program to the east of the main Goldstrike claim block to
include all areas with potential for th is mineralized system. Approximately 3.2 square kilometers
of new ground has been acquired. See Figure 2 below.
The Antimony Ridge prospect is a known gold mineralized zone that was left under-explored by
Liberty Gold due to its focus on drilling out the main oxide gold discovery area to the west at
Goldstrike. Recent recognition of antimony as a critical mineral in the USA prompted the Company
to re -assess its historic metals databases and the significant potential of the Antimony Ridge
mineralization was identified. Additionally, elevated antimony levels were noted in drill hole assays
on the Goldstrike Oxide deposit, up to 650 parts per million (0.065%) Sb.
The mineralization at Antimony Ridge occurs as exceptionally large, bladed to massive stibiconite
in a jasperoid breccia with gold. Stibiconite, (Sb3O6[OH]), is an antimony oxide formed from the in-
situ oxidation of stibnite (Sb2S3), the primary antimony sulfide mineral. See image s in Figure 1
below:
FIGURE 1: STIBICONITE CRYSTALS
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The stibiconite occurs in a large, bedding-parallel jasperoid breccia with a sampled strike length of
450 meters (“m”) . This mineral contact has been identified at multiple locations throughout the
property and current field work has identified additional zones of a ntimony mineralization along
fault offsets of this contact.
Limited gold-focused surface sampling by the Company in 2015, followed the exposed jasperoid
breccia body and identified surface antimony values up to 2.2% Sb, with gold grades up to 0.85
grams per tonne . The apparent thickness of the mineralized zone is up to 12 m, and it remains
open along the east-west strike and down dip to the north. The jasperoid can be traced along this
contact for more than 2 kilometres and there is no record of any exploration drilling along the
mineralized jasperoid zone in this eastern area.
The Antimony Ridge mineralization occurs higher in the stratigraphy than at the main gold zone,
along an easily traceable contact, which is currently being mapped & sampled within these newly
acquired lands.
Historic records indicate small-scale production of 10 tons of antimony ore in the 1970s from the
Lejaiv Unite Mine located on Antimony Ridge . Material was mined from two small open pit s.
Anecdotal evidence indicates the material mined was stibnite ore and contained 10% Sb.
Cal Everett, CEO and Director commented, “It is the nature of the exploration business to find what
you were not looking for in plain si ght, simply due to retention of archives that suddenly become
relevant.”
FIGURE 2: GOLDSTRIKE NEW CLAIMS STAKING MAP
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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 resources. Forward-looking information is often, but not always, identified by the use of words such as “seek ”,
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statements are made including, among others, assumptions about futur e 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 obta ining required licenses and permits, labour
stability, stability in market conditions , the timing and success of future plans and objectives in the areas of sustainable
development, health, safety, environment, community development ; successful resolution of disputes and anticipated costs
and expenditures and the timing of regulatory approvals. 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, 2024 in the section entitled "Risk Factors", under
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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 th at 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 an y
intention or obligation to update or revise any forward -looking information, whe ther as a result of new information, future
events or otherwise.