After the recent discovery of a third zone of high-grade antimony mineralization at Antimony Ridge, Liberty Gold said it intends to “spin-out” the Goldstrike project with the Antimony Ridge discovery into a separate entity.
“Antimony Ridge is an exciting, emerging story that is demanding more attention with every high-grade assay coming out of the lab. We believe that separating Liberty Gold into two independent entities will unlock significant shareholder value and maximize market exposure to both the Black Pine oxide gold project in Idaho and to the new Antimony Ridge discovery at our Goldstrike project in Utah,” said Cal Everett, CEO and director of Liberty Gold.
“Terms of the spin-out concept are being finalized now. This firmly establishes Liberty Gold, with its flagship Black Pine project, as a pure-play developer-producer in Carlin-style, sediment-hosted oxide gold systems and provides all Liberty Gold shareholders with exposure to a new minerals direction in ‘NewCo.’ Of course, ‘NewCo’ also includes a 1 million ounce oxide gold resource at Goldstrike in addition to the antimony discovery.”
In the second phase of field exploration work at Antimony Ridge, completed in December 2024, surface sampling along the multiple northwest trending soil anomalies, identified a new zone of coarse-grained antimony oxide mineralization. Sampling in this zone returned values of up to 3.01% (30,100 parts per million antimony and up to 0.68 g/t Au.
The new zone, as currently sampled, has a strike length greater than 400 meters and is located within a larger, northwest-trending antimony-in-soil anomaly that is more than 2.5 km long.