Drilling fills gaps between gold project resource pits

0

New results from this zone between two deposits show larger widths and consistent grades compared to previously reported intersections from there, noted a National Bank of Canada report.


Liberty Gold Corp. (LGD: TSX; LGDTF: OTCQB) the latest drill results from the F zone of its Black Pine project “show continuity between two previously separate pits”, one in the Discovery zone, the other in the CD zone, the National Bank analyst reported of Canada Rabi Nizami in a search of August 30, 2022 Note.

“Today’s results validate and extend this mineralization, filling gaps between earlier resource pits, as expected,” Nizami added.

The drill results are from 17 holes placed within an area of ​​approximately 750 yards (750 m) in the previously drilled, but not extensively, F Zone between CD and Discovery, Nizami noted.

A comparison of the new interceptions from Area F with those previously reported shows that they are similar, Nizami pointed out. Specifically, the new results average 0.50 grams of gold per tonne (0.5 g/t Au) over 24 m, and the older results average 0.52 g/t Au over 13 m. Widths, however, are slightly larger in recent data, “which is encouraging.”

Nizami presented these flagship tests of the latest batch:

  • 0.95 g/t Au over 18.3 m, including 1.03 g/t Au over 16.8 m from surface (hole LBP657)
  • 0.74 g/t Au over 38.1 m, including 0.87 g/t Au over 30.5 m from surface (hole LBP660)
  • 0.84 g/t Au over 36.6 m, including 0.97 g/t Au over 30.5 m from surface (hole LBP662)

Liberty is expected to release additional drill results at Black Pine and Goldstrike in the coming months and update the Black Pine resource estimate next year, likely in the first half.

National Bank of Canada has an outperformance rating and price target of C$1 per share on Liberty, which is currently priced at approximately C$0.43.


You want to be the first to know about interesting information Gold investment ideas? Sign up to receive the FREE Streetwise’ reports newsletter.

Subscribe

Disclosures
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 shares in the following companies mentioned in the article: None. She or members of her household are compensated by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are sponsors of the Streetwise Reports billboard: Liberty Gold Corp. Click here for important information on referral fees. As of the date of this article, a Streetwise Reports affiliate has an advisory relationship with: None. 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 fully 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 economic involvement or relationship with the companies they write about. Streetwise Reports relies on the authors to provide this information accurately and Streetwise Reports has no means of verifying its accuracy.

4) This article does not constitute investment advice. Each reader is encouraged to consult their financial professional and any action taken by a reader as a result of the information presented here is their own responsibility. By opening this page, each reader accepts and agrees to the Streetwise Reports Terms of Use and the Complete Legal Information. disclaimer. This article is not an investment solicitation. Streetwise Reports does not provide general or specific investment advice and information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the activities, 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 their family members, as well as interviewees for articles and interviews on the site, may take a long or short position in any securities mentioned. Directors, officers, employees or members of their immediate family are prohibited from making purchases and/or sales of such securities on the open market or otherwise from the time of the decision to publish an article until three days working days after the publication of the article. The foregoing prohibition does not apply to articles which, in substance, merely reproduce previously published company press releases.

Disclosures for National Bank of CanadaLiberty Gold Corp., August 30, 2022

Funding risk: There is a risk to our valuation that future funding terms may be less attractive than those we currently model, which could result in greater shareholder dilution or more onerous debt constraints No study economic at Black Pine: With an initial resource but no study information at Black Pine, there is a risk that the eventual study will contain less attractive economic aspects than those we model.

Exploration risk: Our investment case considers exploration to be on the upside. There can be no assurance that the Company will achieve any exploration successes in the future.

Permitting Risk: The Company’s pipeline of projects in the United States will be subject to environmental regulations and governmental approvals, and permits will be required to advance the projects to production.

Company Disclosures:

National Bank Financial Inc. has provided investment banking services to this issuer within the past 12 months.

National Bank Financial Inc. has acted as an underwriter for this issuer within the past 12 months.

National Bank Financial Inc. or an affiliate has managed or co-managed a public offering for this issuer within the past 12 months.

National Bank Financial Inc. or an affiliate has received compensation for investment banking services from this issuer within the last 12 months.

The issuer is or has been a client of National Bank Financial Inc. or an affiliate within the past 12 months.

This report was prepared by National Bank Financial Inc. (NBF), a Canadian investment dealer, IIROC Dealer Member and an indirect wholly-owned subsidiary of National Bank of Canada. National Bank of Canada is a public company listed on the Toronto Stock Exchange. The details contained herein have been obtained from sources which we believe to be reliable but are not guaranteed by us and may be incomplete and may be subject to change without notice. The information is current as of the date of this document. Neither the author nor NBF assumes any obligation to update the information or to advise on further developments relating to the topics or titles discussed.

The opinions expressed are based on the analysis and interpretation of these details by the authors and should not be construed as a solicitation or an offer to buy or sell the securities mentioned herein, and nothing in this report constitutes a representation that an investment strategy or recommendation contained herein is appropriate or appropriate to a recipient’s individual circumstances. In all cases, investors should conduct their own investigation and analysis of such information before taking or omitting to take any action with respect to the securities or markets discussed in this report. The report alone is not intended to form the basis of an investment decision, nor to replace any due diligence or analytical work required by you to make an investment decision.

This report is intended for distribution only in circumstances permitted by applicable law. This report is not intended for you if NBF or any affiliate distributing this report is prohibited or restricted by law or regulation in any jurisdiction from making it available to you. National Bank of Canada Financial Markets is a trade name used by National Bank Financial Inc. and National Bank Financial of Canada Inc.

Research Analyst: The research analyst(s) who prepared these reports certify that their respective report fairly reflects their personal opinion and that no part of their compensation was, is or will be directly or indirectly related to the recommendations or opinions on securities or companies. NBF pays its research analysts from a variety of sources. The research department is a cost center and is funded by NBF’s business activities, including institutional equity sales and trading, retail sales, corresponding clearing activity, and corporate and investment banking. investment. As the revenues of these companies vary, research compensation funds vary. No industry has more influence than another on research analyst compensation.

Share.

Comments are closed.