05:14 PM EDT, 09/05/2024 (MT Newswires) -- Liberty Gold ( LGDTF ) on Thursday said it identified a high-grade antimony mineralizing system that outcrops along the eastern extension of the Goldstrike Oxide Gold deposit in Utah.

The company said it completed a staking program to the east of the main Goldstrike claim block to include all areas with potential for this mineralized system. Approximately 3.2 square kilometers of new ground has been acquired, it added.

The company noted the Antimony Ridge prospect is a known gold-mineralized zone that was left under explored by due to Liberty's focus on drilling out the main oxide gold discovery area to the west at Goldstrike. It said recent recognition of antimony as a critical mineral in the U.S. prompted the company to re-assess its historic metals databases and the potential of the Antimony Ridge mineralization was identified. Additionally, elevated antimony levels were noted in drill hole assays on the Goldstrike Oxide deposit, up to 650 parts per million (0.065%) of antimony.

Liberty closed Thurday up $0.01 to $0.375 on the Toronto Stock Exchange.