New drill results from this Idaho project also showed there is at-surface mineralization of higher grades than the average of the current resource, noted a Desjardins report.
, through drilling at its Black Pine project, confirmed that one, the CD and Discovery zones are connected and, two, that gold mineralization, graded higher than the average grade of the existing resource, is present at surface, reported Jonathan Egilo, Desjardins analyst, in an August 30, 2022 research note.
“We have been impressed by the recent efforts to add shallow ounces (within about 50m from surface) across the Black Pine property,” Egilo wrote. “These ounces all have potential to be highly beneficial when it comes to boosting internal rate of return and lowering Black Pine’s payback period.”
Egilo also indicated that compared to its peers, Liberty is trading at a discount. Its current share price is around CA$0.43, whereas Desjardins’ target price on the Canadian explorer is CA$1.50 per share.
These new mineralization-related discoveries came to light in results of the first, just-reported 17 of 22 holes Liberty drilled in the F zone situated between the CD and the large Discovery deposits. Results of the remaining five holes are pending.
Egilo cited two examples of near-surface, high-grade intercepts. One was 0.95 grams per ton gold (0.95 g/t Au) over 18.3m from surface, in hole LBP657. The other was 0.74 g/t Au over 38.1m from surface, in hole LBP660.
The analyst noted this at-surface material at Black Pine is beneficial in that Liberty could mine it in the early years of production. The deep, high-grade mineralization prevalent in the Rangefront focus area is valuable, too, as it adds ounces to the project resource.
Desjardins rates Liberty a Buy.
|Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports’ newsletter.||Subscribe|
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Liberty Gold Corp. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
Disclosures For Desjardins Capital Markets, Liberty Gold Corp., August 30, 2022
Company-specific Disclosures: Desjardins Capital Markets has performed investment banking services for Liberty Gold Corp. in the past 12 months. Desjardins Capital Markets has received compensation for investment banking services from Liberty Gold Corp. within the past 12 months.
Analyst Certification: Each Desjardins Capital Markets research analyst named on the front page of this research publication, or at the beginning of any subsection hereof, hereby certifies that (i) the recommendations and opinions expressed herein accurately reflect such research analyst’s personal views about the company and securities that are the subject of this publication and all other companies and securities mentioned in this publication that are covered by such research analyst, and (ii) no part of the research analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this publication.
Legal Disclaimers: Each Desjardins Capital Markets research analyst named on the front page of this research publication, or at the beginning of any subsection hereof, hereby certifies that (i) the recommendations and opinions expressed herein accurately reflect such research analyst’s personal views about the company and securities that are the subject of this publication and all other companies and securities mentioned in this publication that are covered by such research analyst, and (ii) no part of the research analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this publication.
Desjardins Capital MarketsTM is a trademark used by Desjardins Securities Inc., Desjardins Securities International Inc. and Fédération des caisses Desjardins du Québec, wholly owned subsidiaries of Mouvement des caisses Desjardins.
Dissemination of Research: Desjardins Capital Markets makes all reasonable effort to provide research simultaneously to all eligible clients. Research is available to our institutional clients via Bloomberg, FactSet, FirstCall Research Direct, Reuters and Thomson ONE. In addition, sales personnel distribute research to institutional clients via email, fax and regular mail.
Additional Disclosures: Desjardins Capital Markets equity research analysts are compensated from revenues generated by various Desjardins Capital – Markets businesses, including Desjardins Capital Markets’ Investment Banking Department. Desjardins Capital Markets will, at any given time, have a long or short position or trade as principal in the securities discussed herein, related securities or options, futures, or other derivative instruments based thereon. The reader should not rely solely on this publication in evaluating whether or not to buy or sell the securities of the subject company. Desjardins Capital Markets expects to receive or will seek compensation for investment banking services within the next three months from all issuers covered by Desjardins Capital Markets Research.
Legal Matters: This publication is provided for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. The securities mentioned in this publication may not be suitable for all types of investors; their prices, value and/or income they produce may fluctuate and/or be adversely affected by exchange rates. This publication does not take into account the investment objectives, financial situation or specific needs of any particular client of Desjardins Capital Markets. Before making an investment decision on the basis of any recommendation made in this publication, the recipient should consider whether such recommendation is appropriate, given the recipient’s particular investment needs, objectives and financial circumstances. Desjardins Capital Markets suggests that, prior to acting on any of the recommendations herein, you contact one of our client advisors in your jurisdiction to discuss your particular circumstances. Since the levels and bases of taxation can change, any reference in this publication to the impact of taxation should not be construed as offering tax advice; as with any transaction having potential tax implications, clients should consult with their own tax advisors. Past performance is not a guarantee of future results.
This publication may contain statistical data cited from third party sources believed to be reliable, but Desjardins Capital Markets does not represent that any such third party statistical information is accurate or complete, and it should not be relied upon as such. All estimates, opinions and recommendations expressed herein constitute judgments as of the date of this publication and are subject to change without notice.