07:36 AM EST, 11/18/2024 (MT Newswires) -- Liberty Gold ( LGDTF ) , which lost 4.9% last Friday, announced Monday the "successful completion" of a first pass field sampling program at the Antimony Ridge discovery, part of the company's Goldstrike Oxide Gold Project in southwestern Utah.

Among highlights, Liberty cited surface assays up to 5.7% antimony and 3.9 G/T gold.

Following a strategic staking program that added 3.2 square kilometers to the Goldstrike claim block in September, recent field work has confirmed the presence of "significant" high-grade antimony and gold oxide mineralization at surface, a statement said. A follow-up detailed surface sampling and mapping program has been initiated to better define the key target areas and exploration drill testing is being planned for 2025, it added.

"Our successful fieldwork at Antimony Ridge confirms the high-grade potential of this discovery, not only for antimony but for gold as well," said Vice President, Exploration for Liberty Gold Pete Shabestari. "This program demonstrates our commitment to unlocking value from all parts of the Goldstrike project. We look forward to advancing Antimony Ridge into the next phase of exploration with an expanded field program and preparation for drilling in 2025."

LGD closed down $0.015 at $0.29 on the TSX last Friday.