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2021 is a transformative year at Black Pine. Key deliverables include:

  • Maiden resource estimate published on July 13, 2021
  • PEA
  • Phase 3 Metallurgy
  • Results from a minimum 44,000 m infill, step-out and exploratory drill program (ongoing).

Moira Smith, Ph.D., P.Geo., VP Exploration and Geoscience, Liberty Gold, is the Company's designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and validated that the information contained herein is accurate.

Further information on Black Pine is available in the technical report entitled “Updated Technical Report and Resource Estimate for the Black Pine Gold Project, Cassia County, Idaho, USA” effective June 20, 2021, and signed August 18, 2021, prepared by Michael M. Gustin, P. Geo., of MDA, a division of RESPEC, based in Reno, Nevada, Gary L. Simmons of GL Simmons Consulting LLC of Larkspur, Colorado, both Independent Qualified Persons under National Instrument 43-101 and Moira T. Smith, Ph.D., P.Geo., Vice President, Exploration and Geoscience, Liberty Gold.

 

[1] See press release dated January 7 and January 16, 2020, and press releases in 2019 dated May 29, June 19, July 15, July 31, September 12, October 1, October 15, and November 5, 2019 for drill results from the 2019 drill program.
[2] See press releases issued in 2020 dated June 16, June 23, July 14, July 18, September 10, September 29, November 10, and December 2.
[3] See press release dated January 12, 2021.
[4] See details in press release dated June 16, 2020.
[5] Weighted average gold extraction is obtained using the following equation: (composite head grade (grams/tonnes) multiplied by extraction (%) for all head grades)/sum of all head grades.  Using arithmetic averages tends to over-represent low grade composites and under-represent high grade composites.  The arithmetic average of the six column tests is 78.0%.
[6] See details in press release dated August 18, 2020.