'No End in Sight' Yet of Gold System at Idaho Asset
Source: Geordie Mark
September 2, 2022 (Investorideas.com Newswire) New drill results highlight intra-pit continuity of mineralization and resource expansion potential, noted a Haywood Securities report.
Liberty Gold Corp.'s (LGD:TSX; LGDTF:OTCQB) newest set of drill results, from the F zone at its flagship, Carlin-style Black Pine project, showed shallow gold is present starting from the surface, reported Haywood Securities analyst Geordie Mark in an August 31, 2022 research note.
"Drilling on Black Pine proves that there appears to be no end in sight to this oxide gold mineralized system," Mark wrote.
At the same time, Liberty is now trading at about CA$0.425 per share, an "attractive valuation," according to Mark, especially in light of the derisking taking place through continued drilling at the Idaho property. The difference between the current share price of the mining company and Haywood's CA$2.30 per share target price on it implies a potential 441% return for investors.
"We recommend accumulating shares at current levels," noted Mark.
As for recent Black Pine drill results, Mark explained, they show a zone of mineralization about 750 meters (750m) long linking the CD and Discovery zones. Higher grade gold is present in shallow intervals to the north of the CD resource pit, as indicated by hole LBP657, returning 16.8m of 1.03 g/t gold from surface. Hole LBP662 demonstrated 30.5m of 0.97 g/t gold starting at surface, including 6.1m of 2.65 g/t gold starting at 24.4m downhole.
This batch of results, Mark noted, complements the entire set of data Liberty has on the project. They indicate potential continuity of mineralization between several resource pits as well as expansion of mineralization at the broader margins, to be determined with further drilling in the F, M, and E Zones and the Rangefront focus area.
Further, these new data likely will increase the existing resources, slated to be updated next year. Black Pine's mineralized system "still has legs to grow," Mark purported, even with a late 2022 cutoff date for drill results to be included in the update. Following the update, Liberty will complete a preliminary economic assessment. The release of each report will be a potential stock-moving catalyst.
Liberty is "well positioned for resource growth over the near term," Mark wrote.
Haywood has a Buy rating on the mining company.
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 Corp. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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.
Disclosures For Haywood Capital Markets., Liberty Gold Corp., August 31, 2022
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.
General Disclosures: Haywood Securities Inc. has reviewed lead projects of this company and a portion of the expenses for this travel have been reimbursed by the issuer.
Haywood Securities Inc. or one of its subsidiaries has managed or co-managed or participated as selling group in a public offering of securities for this company in the past 12 months.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com