Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the
"Company") is pleased to announce the achievement of three
important milestones in the permitting process for its flagship
Black Pine Oxide Gold project (“Black Pine”) in southeast Idaho.
Collaborative efforts with the U.S. Forest Service (“USFS”) have
resulted in the recent execution of a Memorandum of Understanding
(“MOU”) and a Cost Recovery Agreement. Additionally, the selection
and approval of a third-party contractor for the National
Environmental Policy Act (“NEPA”) process was also received from
the USFS and Bureau of Land Management (“BLM”).
These accomplishments mark critical steps in the
Company’s ongoing efforts to advance Black Pine towards feasibility
and an eventual construction decision, while ensuring compliance
with federal and state environmental standards and maintaining a
collaborative engagement with stakeholders.
Matt Zietlow, Director, Regulatory
Affairs and Sustainability, of Liberty Gold: “We are
pleased to formalize our collaboration with the U.S. Forest Service
and look forward to advancing the NEPA process with an experienced
third-party contractor approved by both lead federal agencies.
These developments underscore our commitment to working closely
with federal regulators to ensure a thorough and transparent
permitting process that meets the highest environmental and
regulatory standards. Our progress in permitting brings us closer
to unlocking the significant value of our flagship project and
aligns with our commitment to environmental responsibility and
stakeholder engagement.”
Highlights
The Sawtooth National Forest of the Forest
Service, Department of Agriculture, is following NEPA regulations
to prepare an environmental report, an Environmental Impact
Statement (“EIS”), for a major federal action proposed by the
Cooperator, specifically the Black Pine Mine Project.
The MOU formalizes a collaborative partnership
between Liberty Gold and the USFS, establishing a cooperative
framework for the project’s NEPA permitting pathway. This agreement
sets forth clear objectives, roles, and responsibilities for both
parties, and is designed to facilitate efficient project
progression while upholding federal environmental stewardship
standards.
In conjunction with the MOU, Liberty Gold has
entered into a Cost Recovery Agreement with the USFS to cover the
expenses associated with the NEPA review, EIS preparation, and
related administrative support. The agreement reflects the
Company’s commitment to advancing the permitting process
efficiently and responsibly, supporting the necessary resources to
achieve regulatory milestones on schedule.
The USFS and BLM as co-lead, in consultation
with Liberty Gold, have now selected a qualified third-party NEPA
contractor to complete the EIS for the project. This selection is a
significant milestone and key step towards initiation of the NEPA
permitting process. The contractor will work closely with the USFS,
BLM, and Liberty Gold as the proponent, into performing a
comprehensive analysis of potential environmental impacts for the
project and ensuring public transparency and stakeholder
engagement.
ABOUT LIBERTY GOLD
Liberty Gold is focused on exploring for and
developing open pit oxide deposits in the Great Basin of the United
States, home to large-scale gold projects that are ideal for
open-pit mining. This region is one of the most prolific
gold-producing regions in the world and stretches across Nevada and
into Idaho and Utah. We know the Great Basin and are driven to
discover and advance big gold deposits that can be mined profitably
in open-pit scenarios.
For more information, visit www.libertygold.ca or
contact:Susie Bell, Manager, Investor
RelationsPhone: 604-632-4677 or Toll Free
1-877-632-4677info@libertygold.ca
All statements in this press release, other
than statements of historical fact, are "forward-looking
information" with respect to Liberty Gold within the meaning of
applicable securities laws, including statements that address
potential quantity and/or grade of minerals, potential size and
expansion of a mineralized zone, proposed timing of exploration and
development plans, expected capital costs at Black Pine, expected
gold and silver recoveries from the Black Pine mineralized
material, potential additions to the resource through additional
drill testing, potential upgrade of inferred mineral resources to
measured and indicated mineral resources, the timing and receipt of
necessary permitting. Forward-looking information is often, but not
always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "planned", "expect", "project",
"predict", "potential", "targeting", "intends", "believe",
"potential", and similar expressions, or describes a "goal", or
variation of such words and phrases or state that certain actions,
events or results "may", "should", "could", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking information
is not a guarantee of future performance and is based upon a number
of estimates and assumptions of management at the date the
statements are made including, among others, assumptions about
future prices of gold, and other metal prices, currency exchange
rates and interest rates, favourable operating conditions,
political stability, obtaining governmental approvals and financing
on time, obtaining renewals for existing licenses and permits and
obtaining required licenses and permits, labour stability,
stability in market conditions, availability of equipment, accuracy
of any mineral resources and mineral reserves, the availability of
drill rigs, the accuracy of the PFS, successful resolution of
disputes and anticipated costs and expenditures. Many assumptions
are based on factors and events that are not within the
control of Liberty Gold and there is no assurance they will prove
to be correct.
Such forward-looking information, involves known
and unknown risks, which may cause the actual results to be
materially different from any future results expressed or implied
by such forward-looking information, including, risks related to
the interpretation of results and/or the reliance on technical
information provided by third parties as related to the Company’s
mineral property interests; changes in project parameters as plans
continue to be refined; current economic conditions; future prices
of commodities; possible variations in grade or recovery rates; the
costs and timing of the development of new deposits; failure of
equipment or processes to operate as anticipated; the failure of
contracted parties to perform; the timing and success of
exploration activities generally; delays in permitting; possible
claims against the Company; labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals,
financing or in the completion of exploration as well as those
factors discussed in the Annual Information Form of the Company
dated March 28, 2024 in the section entitled "Risk Factors", under
Liberty Gold’s SEDAR+ profile at www.sedarplus.ca .
Although Liberty Gold has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate as actual results, and future events could
differ materially from those anticipated in such statements.
Liberty Gold disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise unless required by law.
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