Liberty Gold Reports Final Drill Results From 2021 Program, Commences 2022 Program at the Goldstrike Oxide Gold Deposit, Utah
Ore was mined from 12 shallow pits, at an average grade of 1.2 grams per tonne gold (g/t Au) and an average recovery of approximately 75%.
- Ore was mined from 12 shallow pits, at an average grade of 1.2 grams per tonne gold (g/t Au) and an average recovery of approximately 75%.
- Liberty Gold carried out extensive compilation, drilling and metallurgical work, releasing a resource estimate and Preliminary Economic Assessment (PEA) in 2018.
- A sensitivity analysis using US$1,700/oz gold returns an NPV5% of US$291.7 million and an IRR of 52.4% representing strong economic returns at current gold prices.
- Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.