VANCOUVER, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) — Liberty Gold Corporation (TSX: LGD ; OTCQX: LGDTF ) (“Liberty Gold” or the “Company”) is pleased to announce in a news release that feeling On October 10, 2024, the Company filed a National Instrument 43-101. Disclosure Standards for Mineral Projects (NI 43-101) Technical Report entitled Technical Report and Prefeasibility Study for the Black Pine Gold Project, Cassia and Oneida Counties, Idaho, USA, effective June 1, 2024 and dated November 21, 2024 , on the company’s profile on SEDAR+ at www.sedarplus.ca.
The technical report was prepared by the following team of industry experts.
| category | The name | Company |
| Estimation of Mineral Resources | Valerie Wilson, P. Geo | SLR CONSULTING LIMITED |
| Estimation of mineral reserves | Todd Carstensen, RM-SME | AGP Consultants Inc. |
| Metallurgy | Gary Simmons, MMSA | GL Simmons Consulting, LLC. |
| Heap design and closure | Nicholas T. Rocco, Ph.D., PE | Newfields Companies LLC. |
| Mineral processing and financial evaluation | Benjamin Bermudez, PE | M3 Engineering and Technology Corporation |
| Infrastructure and Study Lead Engineer | Matthew Slayton, PE | M3 Engineering and Technology Corporation |
| Hydrology | John Rupp, P.E | Piteau Associates Ltd. |
| Geotechnical Engineering | Daniel Yang, P.Eng., PE | Knight Piésold Ltd. |
| Environmental Permitting and Compliance | Richard DeLong, M.Sc | Wasteland Engineering and Environmental Services Inc |
The technical report is also available on the company’s website at libertygold.ca.
Qualified person
Peter Shabastri, PJV, Vice President Exploration, Liberty Gold, is the Company’s designated competent person for this news release within the meaning of NI 43-101 and has reviewed and certified that the information contained in the release is accurate. .
About Liberty Gold
Liberty Gold is focused on exploring and developing open-pit oxide deposits in the United States’ Great Basin, which is home to large-scale gold projects ideal for open-pit mining. This region is one of the world’s largest gold producing regions and extends into Nevada and Idaho and Utah. We know the Great Basin and are committed to discovering and developing large gold reserves that can be profitably mined in the open pit.
For more information visit libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or toll-free 1-877-632-4677
info@libertygold.ca
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 regarding the potential quantity and/or mineral grade, potential size and Proposed timing of mineral zone expansion, exploration and development projects, expected capital costs at Black Pine, expected gold and silver recovery from Black Pine mineralized material, potential increase in resources through additional drill testing, potential measured mineral resources Up Gradation and Indicated Mineral Resources, Silver Resource Potential at Black Pine and Intentions to Study Silver Resources and Beliefs about Gold Resources. The property is situated in a large area. Forward-looking information is often, but not always, qualified by the use of words such as “expect”, “expect”, “plan”, “continue”, “plan”, “anticipate”, “project”, “forecast”. is identified. , “may”, “target”, “intend”, “believe”, “potential”, and similar expressions, or describe any “purpose”, or change or describe such words and phrases. that certain actions, events or results “might”, “must”, “may”, “will”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based on several estimates and management’s assumptions at the date of the statements, including, among others, future prices of gold and other metals, currency exchange rates, Assumptions and interest rates, favorable operating conditions, political stability, obtaining government approvals and timely financing, acquiring and obtaining renewal of existing licenses and permits required licenses and permits, labor stability, stability in market conditions, equipment availability, validity of any mineral resources and mineral reserves, availability of drill rigs, validity of pre-feasibility studies, successful resolution of disputes and anticipated costs and expenses. . Many assumptions are based on factors and events beyond Liberty Gold’s control and there can be no assurance that they will prove to be correct.
Such forward-looking information involves known and unknown risks, which could cause actual results to differ materially from any future results expressed by such forward-looking information, including risks related to the interpretation of results and/or reliance on technical information provided by third parties regarding the Company’s mineral property interests; Project parameters change as projects evolve. current economic conditions; future prices of commodities; potential variations in grade or recovery rate; costs and timing of development of new reserves; failure of equipment or processes to perform as expected; Failure of the contracting parties to perform; the timing and success of search activities generally; delay in permitting; potential claims against the Company; labor disputes and other risks of the mining industry; Delays in completion of government approvals, financing or exploration discussed in the Company’s Annual Information Form dated March 28, 2024 in the section titled “Risk Factors” under Liberty Gold’s SEDAR+ profile at www.sedarplus; .ca
References to mineral resources in this press release use the terms “indicated mineral resources”, “estimated mineral resources” and probable mineral reserves. Although these terms are defined and required by Canadian regulations (under NI 43-101), these terms are not recognized by the US Securities and Exchange Commission (“SEC”). “Inferred Mineral Resources” have great uncertainty about their existence, and great uncertainty about their economic and legal feasibility. The SEC generally only allows issuers to report minerals that do not constitute “reserves” as in-place tonnage and grade in accordance with SEC Industry Guide 7 without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of the mineral reserves in these categories will ever become reserves. Liberty Gold is not an SEC registered company.
Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those expressed in forward-looking information, there may also be other factors. Because actions, events or results are not expected, estimated or intended, there can be no assurance that such information will prove to be accurate as actual results, and future events as such The statements may differ materially from those anticipated. 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. be
Source: Liberty Gold Corporation
