Liberty Gold Identifies an Outcropping High-Grade Antimony System at the Antimony Ridge Prospect, Goldstrike Oxide Gold Project, Southwest Utah
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has identified a high-grade antimony system at the Antimony Ridge prospect, an extension of the Goldstrike Oxide Gold deposit in Southwest Utah. The company has staked approximately 3.2 square kilometers of new ground to include all potential areas of this mineralized system. Surface sampling revealed antimony grades up to 2.2% and gold grades up to 0.85 grams per tonne. The mineralization occurs in a jasperoid breccia with a sampled strike length of 450 meters and an apparent thickness of up to 12 meters. The discovery was prompted by the recent recognition of antimony as a critical mineral in the USA. Historic records indicate small-scale production of 10 tons of antimony ore containing 10% Sb in the 1970s from the area.
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ha identificato un sistema di antimoni ad alto grado presso il sito Antimony Ridge, un'estensione del deposito di oro ossidato Goldstrike nel sud-ovest dello Utah. L'azienda ha registrato circa 3,2 chilometri quadrati di nuovo terreno per includere tutte le aree potenziali di questo sistema mineralizzato. I campionamenti superficiali hanno rivelato gradi di antimoni fino al 2,2% e gradi d'oro fino a 0,85 grammi per tonnellata. La mineralizzazione si verifica in una breccia jasperoide con una lunghezza di strike campionata di 450 metri e uno spessore apparente fino a 12 metri. La scoperta è stata provocata dal recente riconoscimento dell'antimonio come minerale critico negli Stati Uniti. I documenti storici indicano una produzione su piccola scala di 10 tonnellate di minerale di antimoni contenente il 10% di Sb negli anni '70 proveniente dall'area.
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ha identificado un sistema de antimónio de alta ley en el prospecto Antimony Ridge, una extensión del depósito de oro oxidado Goldstrike en el suroeste de Utah. La empresa ha registrado aproximadamente 3.2 kilómetros cuadrados de nuevos terrenos para incluir todas las áreas potenciales de este sistema mineralizado. Los muestreos de superficie revelaron leyes de antimónio de hasta el 2.2% y leyes de oro de hasta 0.85 gramos por tonelada. La mineralización ocurre en una brecha jasperoide con una longitud de strike muestreada de 450 metros y un espesor aparente de hasta 12 metros. El descubrimiento fue motivado por el reciente reconocimiento del antimónio como mineral crítico en EE. UU. Los registros históricos indican producción a pequeña escala de 10 toneladas de mineral de antimónio que contenía un 10% de Sb en la década de 1970 en la zona.
리버티 골드 코퍼레이션(Liberty Gold Corp.)(TSX:LGD; OTCQX:LGDTF)는 유타주 남서부의 골드스트라이크(Goldstrike) 산화 금 매장지의 연장선인 안티모니 리지(Antimony Ridge) 탐사구역에서 고품위 안티모니 시스템을 식별하였습니다. 이 회사는 이 광물화된 시스템의 모든 잠재적 영역을 포함하기 위해 약 3.2 제곱킬로미터를 기록했습니다. 표면 샘플링 결과 안티모니 함량이 2.2%에 이르고 금 함량은 톤당 0.85그램까지 발견되었습니다. 광물화는 샘플링된 스트라이크 길이가 450미터인 자스퍼로이드 브레ccia에서 발생하며, 두께는 최대 12미터입니다. 이 발견은 미국에서 안티모니를 중요한 광물로 인정받게 된 최근의 결과입니다. 역사적 기록에 따르면 1970년대에 이 지역에서 10% Sb가 포함된 안티모니 광석 10톤이 소규모로 생산되었습니다.
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) a identifié un système d'antimoine de haute qualité sur le site de l'Antimony Ridge, une extension du gisement d'or oxydé Goldstrike dans le sud-ouest de l'Utah. L'entreprise a réclamé environ 3,2 kilomètres carrés de nouveau terrain pour inclure toutes les zones potentielles de ce système minéralisé. Les échantillons de surface ont révélé des teneurs en antimoine allant jusqu'à 2,2% et des teneurs en or allant jusqu'à 0,85 gramme par tonne. La minéralisation se produit dans une brèche jasperoïde avec une longueur de déformation échantillonnée de 450 mètres et une épaisseur apparente allant jusqu'à 12 mètres. La découverte a été motivée par la récente reconnaissance de l'antimoine comme minéral critique aux États-Unis. Des documents historiques indiquent une production à petite échelle de 10 tonnes de minerai d'antimoine contenant 10% de Sb dans les années 1970 provenant de la région.
Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) hat ein hochgradiges Antimon-System identifiziert im Antimony Ridge-Prospekt, einer Erweiterung des Goldstrike-Oxidgoldvorkommens im Südwesten von Utah. Das Unternehmen hat ungefähr 3,2 Quadratkilometer neuen Boden beansprucht, um alle potenziellen Bereiche dieses mineralisierten Systems einzuschließen. Oberflächenproben zeigten Antimon-Gehalte von bis zu 2,2% und Gold-Gehalte von bis zu 0,85 Gramm pro Tonne. Die Mineralisierung tritt in einer jasperoidalen Breccie mit einer probierten Streckenlänge von 450 Metern und einer scheinbaren Dicke von bis zu 12 Metern auf. Die Entdeckung wurde durch die jüngste Anerkennung von Antimon als kritisches Mineral in den USA angestoßen. Historische Aufzeichnungen deuten auf eine Produktion in kleinem Maßstab von 10 Tonnen Antimonerz mit 10% Sb in den 1970er Jahren aus dem Gebiet hin.
- Identification of high-grade antimony system with grades up to 2.2% Sb
- Acquisition of 3.2 square kilometers of new ground with mineralization potential
- Surface samples show gold grades up to 0.85 grams per tonne
- Mineralized zone has a strike length of 450 meters and thickness up to 12 meters
- Antimony's recent recognition as a critical mineral in the USA enhances project value
- No record of exploration drilling along the mineralized jasperoid zone in the eastern area
- historical production of only 10 tons of antimony ore from the area
Surface Sample Results Grading Up To
VANCOUVER, British Columbia, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 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 this 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 (
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 images in Figure 1 below:
FIGURE 1: STIBICONITE CRYSTALS
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 antimony 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
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 pits. Anecdotal evidence indicates the material mined was stibnite ore and contained
Cal Everett, CEO and Director commented, “It is the nature of the exploration business to find what you were not looking for in plain sight, simply due to retention of archives that suddenly become relevant.”
FIGURE 2: GOLDSTRIKE NEW CLAIMS STAKING MAP
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
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, 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”, “anticipate”, “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 statements 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 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 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 Liberty Gold’s SEDAR+ profile at www.sedarplus.ca.
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9bce4277-19a7-4c9e-8bd5-a8d7999c78b7
https://www.globenewswire.com/NewsRoom/AttachmentNg/37da9f05-ac7b-4100-b486-186585f4d636
FAQ
What are the key findings of Liberty Gold's exploration at Antimony Ridge?
How much new land did Liberty Gold acquire near the Goldstrike project?
What is the historical antimony production at Antimony Ridge?
Why is the antimony discovery significant for Liberty Gold (LGDTF)?
