Black Pine (formerly called Mineral Gulch) is a Carlin-style, sediment-hosted gold property located in Cassia County, southern Idaho. It is host to a past-producing heap leach gold mine that operated from 1991 through 1998. During this time, it produced approximately 435,000 ounces of gold at a historical grade of 0.7 grams per tonne from seven shallow pits.
In June 2016, Liberty Gold acquired the Black Pine Property from Western Pacific Resource Corporation for US$800,000 cash, 300,000 shares of Liberty Gold and a 0.5% NSR reserved to Western Pacific. At present, the project consists of 400 federal lode claims (31.7 km2).
There are 1866 historic shallow (average depth of 93 metres) drill holes on the property and a large number have unmined oxide gold intercepts including:
- 1.98 g/t Au over 50.3 metres
- 2.96 g/t Au over 24.4 metres
- 2.10 g/t Au over 42.7 metres
Oxide gold is present in historic drill holes, pit walls and outcrop samples and extensive grid soil surveys. The large mineralized footprint covers a 12km2 area, which will be the priority exploration target for Liberty Gold.
Mineralization consists of finely disseminated gold hosted in decalcified and jasperoidized calcareous siltstone correlative with the Pennsylvanian Oquirrh Formation. These rocks are present within a system of interleaved, low-angle thrust faults that is well-exposed in many parts of the property. In other areas, the prospective host horizon is believed to be present under the shallow cover of an overlying thrust plate; these areas are significantly underexplored.
For more details about the Black Pine Property, including location, geology and soil geochemistry maps, please click here: http://www.libertygold.ca/images/Presentations/2017/September/Black_Pine_-_September_2017_V1.pdf
Black Pine is an early-stage exploration project and does not contain any mineral resource estimates as defined by NI 43-101. The potential quantities and grades disclosed herein are conceptual in nature and, there has been insufficient exploration to define a mineral resource for any of the targets disclosed herein.
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.