07:58 AM EST, 02/10/2026 (MT Newswires) -- Liberty Gold ( LGDTF ) Tuesday said an updated independent mineral resource estimate (MRE) at its Black Pine Gold Project in Idaho, includes a 17% increase of 719,000 oz gold in the indicated category, and a 47% increase of 338,000 oz gold in the inferred category, when compared with the 2024 preliminary feasibility study MRE.

The MRE is reported at a cut-off grade (COG) of 0.10 grams per ton (g/t) gold and consists indicated Resource of 502.7 million tons (Mt) at an average grade of 0.30 g/t gold totalling 4.9 million ounces of gold, and inferred resource of 157.1 Mt at an average grade of 0.21 g/t gold, totalling 1.05 million ounces of gold.

A subset of the resource contained within the 0.10 g/t Au resource pit, applying a COG of 0.50 g/t gold consists of indicated resource of 60.1 Mt at an average grade of 0.99 g/t gold, for 1.9 million ounces gold; and inferred resource of 6.4 Mt at an average grade of 0.74 g/t gold totalling 152,000 oz gold.

"The addition of over 700,000 indicated gold ounces, coupled with an expansion of 338,000 inferred gold ounces, as compared to the 2024 PFS Resource, shows that 2025 drilling produced strong results. With totals of just under 5 million gold ounces of resource in the indicated class, and just over 1 million gold ounces of inferred mineralization, Black Pine is solidly positioned to deliver a Feasibility Study in the fourth quarter of this year," said chief executive Jon Gilligan.

Drilling in 2026 has the potential to add robust near-term resource upgrades and continue the expansion of oxide mineralization across the project, Gilligan added.