Liberty Gold - LGDTF STOCK NEWS

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has received a Hardrock Prospector Permit (HPP) for four areas adjacent to its Black Pine Oxide Gold Project in Idaho. This permit adds 7.1 square kilometres of exploration ground, increasing the project area by 10% to a total of 69.3 km2. The newly permitted areas are administered by the US Government under the Weeks Act and are not eligible for unpatented mineral claims.

The company has already received approval to explore 3.4 km2 of these new HPP areas through a recent amendment to the Black Pine Plan of Operations. Initial drilling is expected to commence in Q4 2024. These permits will allow Liberty Gold to explore the southern extension area of Black Pine, which will be the focus of exploration in the coming years.

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) has received government approval for the sale of its interest in the TV Tower copper gold project in Türkiye. The transaction is expected to close in September, completing the company's monetization of all Turkish assets. Liberty Gold's share of the US$11.5 million gross proceeds has increased to US$8.5 million due to an increase in its project interest to 73.7%. The payment will be made in three stages: US$3.7 million at closing, US$2.2 million after one year, and US$2.6 million after two years. This sale positions Liberty Gold as a pure Great Basin gold company focused on advancing two Carlin-style gold deposits.

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has reported its Q2 2024 financial and operating results. Key highlights include:

1. A non-brokered private placement upsized to C$12.5 million, selling 35,715,362 units at C$0.35 per unit.

2. Signing of a definitive agreement to sell the TV Tower Project in Türkiye for $11.5 million, with Liberty Gold's 73.7% share being $8.5 million.

3. Appointment of Matthew Zietlow as Director of Regulatory Affairs and Sustainability.

4. Commencement of a 20,000-metre drill program at the Black Pine project.

5. Progress on the pre-feasibility study for Black Pine.

6. Approval of the fourth plan of operations amendment, increasing the permitted exploration area by 51% to 37.3 km².

7. Financial results show a loss of $3,683,000 for Q2 2024, compared to $5,271,000 in Q2 2023.

Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) has initiated a 20,000-metre drill program at its Black Pine Oxide Gold Project in Idaho. The campaign focuses on seven new high-priority targets within the recently expanded exploration permit area, which has grown by 51% to 37.3 km². This expansion allows year-round drilling in previously restricted areas.

Two reverse circulation drill rigs are on site, with an expected drilling rate of 3,000-3,500 metres per month. The program aims to enhance the project's resource base and uncover new oxide gold mineralization. Target areas include Section 36, Rangefront South, MEX, Back Range Connector, Burnt Basin, Crescent, and Black Pine Canyon, each selected for their structural, geochemical, and geological similarities to known mineralized zones.

Liberty Gold has initiated the mine permitting process for its Black Pine Oxide Gold Project in Idaho, marking a significant milestone. On June 26, 2024, the company held a kick-off meeting with representatives from key federal and state agencies, including the USFS, BLM, and Idaho Department of Lands. The meeting, led by Matt Zietlow, focused on presenting a framework and schedule for the submission of the Mine Plan of Operations (MPO) expected in Q4 2024. The project aims to boost economic growth and job creation in southern Idaho while adhering to environmental standards. Key activities for H2 2024 include completing a pre-feasibility study (due Q3 2024), submitting the draft MPO, and commencing exploration drilling under a newly approved Plan of Operations amendment. Improved seasonal drilling access will facilitate these efforts.

Liberty Gold Corp (TSX: LGD; OTCQX: LGDTF) announced the voting results from its Annual General Meeting held on June 12, 2024. A total of 194,138,404 common shares, representing 56.3% of all outstanding common shares, were voted. Shareholders elected all director nominees with high approval rates: Robert Pease (99.52%), Cal Everett (99.50%), Barbara Womersley (99.47%), Greg Etter (99.51%), Lisa Wade (99.47%), and Wendy Louie (99.46%). Additionally, PricewaterhouseCoopers LLP was reappointed as the auditor with 99.68% votes in favor. Detailed voting results are available on Liberty Gold’s SEDAR+ profile.

Liberty Gold has received approval from the US Forest Service for an amendment to the exploration Plan of Operations at the Black Pine Oxide Gold Project in Idaho. This amendment expands the permitted exploration area by 51% to 37.3 km². The company plans to start drilling in mid-June 2024 on seven high-priority targets.

The Bureau of Land Management is set to start issuing a Hardrock Prospector Permit, adding 7.1 km² for exploration. Additionally, 46 unpatented mining claims have been staked, expanding the total project area to 69.3 km². Field operations are underway with drilling set to commence soon.

Furthermore, Matt Zietlow has been appointed as Director of Regulatory Affairs and Sustainability to lead mine permitting. The goal is to submit the Mine Plan of Operations by Q4, 2024.

Liberty Gold has concluded a non-brokered private placement financing, raising C$12.5 million. The company issued 35,715,362 units at C$0.35 per unit, each containing one common share and half a common share purchase warrant. Each warrant allows the holder to buy one common share at C$0.45 within 24 months.

The funds will be used for exploration drilling at Black Pine, engineering, development, economic studies, permitting programs in the Great Basin, and general working capital. The issued securities are under a hold period until September 18, 2024, and are not registered under the U.S. Securities Act.