Liberty Gold reports 52% increase in indicated resources at its Black Pine gold project LibertyGold
- On Tuesday, Liberty Gold announced a 52% increase in indicated and 31% increase in inferred ounces in its updated mineral resource estimate for the Black Pine oxide gold project in southeastern Idaho.
The company said that in total, using the same cut-off grade as the previous resource estimate, the updated mineral resource estimate represents a 52% increase in indicated ounces and a 31% increase in inferred ounces over the maiden resource released just 18 months ago. "Compared to the July 2021 resource estimate, tonnes are up significantly while grade has improved using conservative input assumptions, positioning Black Pine in the rarified territory of an oxide resource with more than 2.6 million indicated ounces and a further half a million ounces inferred. Moreover, we are encouraged that Black Pine continues to expand in all directions with future resource growth expected as drill results continue to impress.
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