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Drill equipment at Liberty Gold's Goldstrike project in Utah. Credit: Liberty Gold.[/caption]
Shallow infill and step-out drilling 250 metres south of the main deposit at Liberty Gold
’s (TSX: LGD) flagship Goldstrike project in Utah, suggests that oxide gold bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.
Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter pit potential given the higher grade results over significant widths.
“Peg Leg had limited historical drilling, a few holes that intersected a bit of gold in the past,” Cal Everett, the junior explorer’s president and CEO, told The Northern Miner
in an email. “Liberty Gold went into the area as follow up targeting the preferred Claron Formation host rocks to most of the Goldstrike deposit and identified a high grade oxide gold system with associated feeder structures.”
Highlights of the most recent reverse circulation drilling include 1.17 grams gold per tonne over 67.1 metres from 39.6 metres downhole, including 2.21 grams gold over 25.9 metres, in hole PGS630; 0.44 gram gold over 32 metres from surface and 1.14 grams gold over 42.7 metres from 77.7 metres downhole, including 2 grams gold over 18.3 metres in hole PGS579; 0.99 gram gold over 51.8 metres from 44.2 metres downhole, including 2.45 grams gold over 10.7 metres in PGS631; and 1.63 grams gold over 9.1 metres from surface in hole PGS636.
Continue reading at The Northern Miner.