Drilling Extends Beyond Resource Boundary at Idaho's Black Pine Gold Project: 18.3 Metres at 1.27 g/t Gold
Canadian miner Liberty Gold released new drill results on Thursday, October 22: drilling at its Black Pine gold project in southeastern Idaho has hit gold mineralization beyond the resource boundary, further expanding the deposit.
At the Rangefront zone, hole LBP1347 returned 18.3 metres grading 1.27 grams of gold per tonne starting at 233.2 metres depth, within a broader mineralized interval of 144.8 metres averaging 0.36 g/t from 167.6 metres. Another hole, LBP1341A, returned 62.5 metres at 0.42 g/t from 222.5 metres. The company said drilling has outlined oxide gold mineralization extending about 200 metres north of the current resource boundary, up to 400 metres wide, and still open to the north.
Black Pine is advancing a 50,000-metre reverse-circulation drill program, with an updated resource estimate expected in the first half of 2027 and a construction decision targeted for 2028; the project was added to the federal FAST-41 permitting coordination program in January. Black Pine is a past-producing mine that yielded about 435,000 ounces of gold between 1991 and 1997. Owen Nicholls, the company's director of technical services, said the early results expand the mineralized footprint and provide de-risking data for engineering design. After the news, the company's shares fell 4.6 percent in Toronto on Thursday to C$1.86, giving it a market value of about C$1 billion (about US$714 million — a market capitalization figure, not a transaction value).
Published by GSM · USA (original Chinese edition)
Photo: 图：黑松金矿项目区。Liberty Gold 提供、Canadian Mining Journal 刊载。Photo: The Black Pine gold project area. Photo courtesy of Liberty Gold, via Canadian Mining Journal.
