This drilling initiative follows a major permitting milestone for
The amendment to the permit also aligns access criteria across the USFS and adjacent
“The commencement of this drill program is a pivotal step in our exploration strategy at Black Pine,” commented
Phase 1 Drill Program
The first reverse circulation (“RC”) drill rig arrived on site at Black Pine in mid-June and has commenced the 20,000 m program operating on a double shift; a second RC rig arrived on site this week and will further accelerate the exploration activities.
FIGURE 1 – BLACK PINE PROJECT DRILL TARGET AREAS MAP
Link to Figure 1 - Black Pine project drill target areas map: https://ml.globenewswire.com/resource/download/ca1670ba-1692-4a8c-b56f-ef8ef730d4e2
Evaluate Seven High-Priority Targets
The Expanded Permit Area includes seven compelling previously untested targets that are now open to exploration drill-testing. These targets range from first tests of prospective horizons within the strongest linear mineralization trends on the property, to gold-in-soil anomalies ‘leaking’ through Upper Plate cover rocks, suggestive of strong gold systems hosted within the underlying Middle Plate rocks – similar targets have recently yielded +1 million ounce oxide gold discovery at Black Pine (see press release date
Brief target summaries, not in order of priority or prospectivity, are presented below:
- Section 36: Drilling has commenced on this ~1.1 km2 target area, which is a step-out target from the
Rangefront Zone (+1 million ounce resource). Gravity data indicates a number of shallow bedrock blocks in this area, any of which could host near-surface oxide gold mineralization. - Rangefront South: Gold-bearing jasperoids and a strong gold-in-soil anomaly within Upper Plate cover rocks, similar to the
Rangefront Zone , present a compelling target area of ~1.1 km2 to test the highly-prospective underlying Middle Plate rocks. - MEX: The M Zone Extension target (“MEX”) has only seen, sparse, shallow historic drilling, which did not test to target depth, similar to the early
Discovery Zone target. Drilling will be focused on extending oxide gold resources to the north ofM Zone , where the highest average grade deposit at Black Pine is open for extension to the north and west. - Back Range Connector: This ~0.6 km2 target area, represents a 1 kilometre (“km”) long gap that is undrilled to prospective target horizons, lying within an overall 6 km linear trend, stretching from
Back Range to Rangefront, which hosts ~75% of the gold resource at Black Pine. Burnt Basin : This ~3.1 km2 target area, with a thin cover of Upper Plate rocks, hosts multiple, strong and widespread gold-in-soil ‘leakage’ anomalies, similar to those observed within overlying Upper Plate rocks at Rangefront. Field mapping and drill target refinement is underway in this large, highly-prospective target which has not had any historic drilling.- Crescent: This ~3.4 km2 target is anchored by 2023 drilling in the southeastern-most corner of the property that intercepted oxide gold mineralization within Middle Plate rocks, suggesting that the widespread mineral system at Black Pine is still open for further discovery back to the defined resource areas to the north and west. This target area is further bolstered by gravity data suggesting potential alteration in shallow blocks of Middle Plate rocks.
Black Pine Canyon : This ~0.5 km2 target covers the southwestern extension of theE Zone , which hosts the highest-grade mineralization at Black Pine. Gold-bearing structures ‘roll-over’ atE Zone and switch from dipping predominantly to the northeast throughout the majority of the deposit, to dipping southwest intoBlack Pine Canyon , where a strong gold-in-soil anomaly overlies where these structures should outcrop.
Enhanced Geological Understanding
The drill program will contribute to a wider-scale geological understanding of the lithologic and structural controls at Black Pine. Detailed analysis of drilling will help refine the geological model, providing valuable insights into the distribution and characteristics of oxide gold mineralization in the Project area.
QUALIFIED PERSON
ABOUT
For more information, visit libertygold.ca or contact:
Phone: 604-632-4677 or Toll Free 1-877-632-4677
info@libertygold.ca
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to
Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated
Although
FIGURE 1
BLACK PINE PROJECT DRILL TARGET AREAS MAP
2024 GlobeNewswire, Inc., source