financetom
Business
financetom
/
Business
/
Liberty Gold Begins 40,000 Meter Feasibility Drill Program and Bulk Metallurgical Sampling at Black Pine Oxide Gold Project in Idaho
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Liberty Gold Begins 40,000 Meter Feasibility Drill Program and Bulk Metallurgical Sampling at Black Pine Oxide Gold Project in Idaho
May 26, 2025 6:39 AM

07:30 AM EDT, 05/13/2025 (MT Newswires) -- Liberty Gold ( LGDTF ) on Tuesday said it started feasibility fieldwork at its Black Pine Oxide Gold project in southeastern Idaho.

The company said the program confirms initiation of a formal feasibility study on Black Pine and the technical data collected will support feasibility-level engineering studies, planned to begin in the fourth quarter. The program includes one reverse circulation exploration drill which is currently active, with a second reverse circulation drill rig scheduled to arrive by the end of May. The company added that the approximately 40,000-meters drill program is aimed at resource upgrade and extensions to mineralization in the Discovery, Rangefront, CD and M Zone areas.

A statement noted that a Sonic drill rig has begun a comprehensive drill test of the legacy Heap Leach Pad to define the characteristics of the material and assess remnant ounces of gold to add to the current mine plan. The company also reported that two phases of metallurgical studies are planned, which includes a surface bulk sampling program to support large diameter column testing and metallurgical studies including material from a lower grade set of oxide composites to assess recoveries in an eventual mining scenario.

"Black Pine continues to impress with the extent of the gold system and this year should highlight the project as the premier gold development project in the Great Basin," said Liberty Gold's ( LGDTF ) President and Chief Operating Officer Jon Gilligan. "In parallel, we are well underway with the mine permitting process having submitted our draft Mine Plan of Operations earlier this year and preparing to commence work on the draft EIS in close collaboration with Federal and state regulators."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Prairie Provident Resources Announces Closing of Asset Sales
Prairie Provident Resources Announces Closing of Asset Sales
Mar 5, 2024
09:13 AM EST, 03/05/2024 (MT Newswires) -- Prairie Provident Resources Inc. ( PRPRF ) on Tuesday announced that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on an effective date of August 1, 2023, and certain non-core assets located in the Provost area of Central...
BRIEF-Itron Acquires Elpis Squared For $35 Mln
BRIEF-Itron Acquires Elpis Squared For $35 Mln
Mar 5, 2024
March 5 (Reuters) - Itron Inc ( ITRI ): * ITRON INC ( ITRI ) - ON MARCH 1, 2024, CO COMPLETED ACQUISITION OF 100% OF SHARES ELPIS2, INC * ITRON ( ITRI ) - PURCHASE PRICE FOR ACQUISITION IS $35 MILLION, WITH ADJUSTMENT FOR FINAL WORKING CAPITAL AMOUNT, TO BE DETERMINED 90 DAYS FOLLOWING DEAL'S CLOSE * ITRON INC...
Cerrado Gold Signed Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for Sale of Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million)
Cerrado Gold Signed Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for Sale of Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million)
Mar 5, 2024
09:14 AM EST, 03/05/2024 (MT Newswires) -- Cerrado Gold Inc. ( CRDOF ) earlier on Tuesday entered into an option agreement with Amarillo, a wholly-owned subsidiary of Hochschild Mining PLC, whereby Cerrado has granted to Amarillo the option to purchase a 100% interest in the company's Monte Do Carmo project located in the State of Tocantins, Brazil, for total consideration...
Cadence to buy analysis platform BETA CAE Systems for $1.24 billion
Cadence to buy analysis platform BETA CAE Systems for $1.24 billion
Mar 5, 2024
(Reuters) -Cadence Design Systems ( CDNS ) will buy analysis platform provider BETA CAE Systems International AG for $1.24 billion in cash and stock, the software firm said on Tuesday. The company will pay 60% of the consideration in cash and 40% through the issuance of Cadence common stock to current BETA CAE shareholders. Cadence expects to obtain debt to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved