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Historic Utah Mining Property Garners Positive PEA

Source: Streetwise Reports

 

July 12, 2018 (Investorideas.com Newswire) The preliminary economic assessment for this company's flagship project indicates "highly attractive economics."


In an announcement published July 10, Liberty Gold Corp. (LGD:TSX) set forth details of its preliminary economic assessment (PEA) for the Goldstrike oxide gold property in Utah's Great Basin region. In its press release, the company stated, "The PEA confirms a low capital intensity, low operating cost, open-pit, run-of-mine, heap-leach operation, with a 7.5 year mine life and highly attractive economics."

Highlights of the PEA included:

All figures are based on an assumed gold price of $1,300 per ounce.

Commenting on the PEA for the Goldstrike property, company president and CEO Cal Everett stated, "This positive PEA marks a solid milestone for the Goldstrike project and for Liberty Gold." He noted the geometry of the project is "backed up by over 1,700 drill holes with 75% of the resource in the indicated category," and expressed confidence in "the metallurgical assumptions, as they are consistent with historical recoveries obtained from 209,000 ounces of historical production between 1988 and 1994."

In addition, Everett noted that "potential benefits from by-product silver production or from processing residual gold remaining in the historical heap leach pads" are not accounted for the in PEA.

In addition to demonstrating the potential economic viability of the Goldstrike property in terms of gold recovery, Liberty Gold asserted that based on historic mining operations at the site, "the Company believes there is potential for significant silver revenues from a future operation. . .Liberty Gold intends to pursue a silver resource study to quantify a silver resource, as well as a review of metallurgical test data to estimate silver recoveries that could be expected at the Goldstrike Project."

Disclosure:

1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.

2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Liberty Gold. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.


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