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Explorer's Idaho Project Shows 'Grade Continuity and High Recovery Potential'

Source: Streetwise Reports

 

January 22, 2021 (Investorideas.com Newswire) Liberty Gold's recent drill results at the Black Pine property and near-term outlook are addressed in a Haywood Capital Markets report.


In a Jan. 13 research note, Haywood Capital Markets analyst Geordie Mark reported that infill drill results show "grade continuity and high recovery potential" at Liberty Gold Corp.'s (LGD:TSX; LGDTF:OTCQB) flagship Black Pine project.

Mark reviewed the new results, which are of five large-diameter core drill holes from three mineralized zones at Black Pine: D-1 Southeast Extension, D-2 and D-3. These holes were drilled primarily to support metallurgical testing.

Highlights include results from hole LBP-214C drilled in zone D-2: 47.4 meters (47.4m) of 3.32 grams per ton gold (3.32 g/t Au), including 5.8m of 12.5 g/t Au. Cyanide solubility testing of these intervals indicated gold recoveries of 91% and 99%, respectively.

Hole LBP-222C, drilled in zone D-3, returned 8.1m of 3.62 g/t Au from 244m downhole and 54.2m of 1.27 g/t Au from 275m downhole. The latter interval demonstrated a 96% gold recovery.

"The results outlined encouraging intersections from three separate zones within the core Black Pine area, with two holes outlining favorable oxide gold mineralization in newly identified areas from the 2020 campaign," Mark noted.

The results support the potential for grade continuity and thickness and interval stacking at Black Pine, the analyst stated. Also, the oxidized intervals show "potential amenability to simple heap-leach processing.

Mark relayed that Liberty Gold plans a third phase of metallurgical testing, on material from the CE and E historical pits and the areas tested in phase 2.

Potential upcoming catalysts for Liberty Gold include ongoing drill results from Black Pine and TV Tower along with a Black Pine resource update, expected in mid-H1/21.

"Liberty Gold is well positioned for resource growth in the near term and given its attractive valuation, remains a highly prospective acquisition target through downstream mergers and acquisitions activity," Mark concluded.

Haywood has a Buy rating and a CA$3.15 per share target price on the company. Its current share price is about CA$1.64.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors 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 decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Liberty Gold, a company mentioned in this article.

Disclosures from Haywood Securities, Liberty Gold Corp., Research Report, January 13, 2021

Analyst Certification: I, Geordie Mark, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations.

Important Disclosures

Haywood Securities, Inc. has reviewed lead projects of Liberty Gold Corp. and a portion of the expenses for this travel have been reimbursed by the issuer.

Other material conflict of interest of the research analyst of which the research analyst or Haywood Securities Inc. knows or has reason to know at the time of publication or at the time of public appearance: n/a.

Research policy is available here.

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