Liberty Gold Announces the Sale of the Gage Project
Liberty Gold streamlines portfolio with Gage divestiture as Black Pine resource swells toward 5 million ounces
The most recent news (March 18, 2026) announces the divestiture of the Gage Project (copper-gallium-germanium) in Utah to Blue Moon Metals Inc. Liberty Gold will receive 420,935 shares of Blue Moon (valued at approximately US$2 million) and a 2.0% Net Smelter Return (NSR) royalty. This follows a string of significant updates, most notably the February 10, 2026, Mineral Resource Estimate (MRE) update for the flagship Black Pine project, which reported a 17% increase in Indicated ounces to 4.88 million oz Au (502.7 Mt at 0.30 g/t Au).
The Gage sale is Routine - Positive. While it provides US$2 million in liquidity (via shares) and retains long-term upside through a royalty, it is a non-core asset disposal consistent with the strategy signaled in December 2025.
The truly material progress lies in the cumulative historical news: - Resource Growth: The February 2026 MRE update is a major de-risking event, positioning Black Pine as a nearly 5-million-ounce indicated resource. - Permitting: Acceptance into the FAST-41 federal framework (Jan 2026) and the "Administratively Complete" status of the Mine Plan of Operations (Nov 2025) significantly accelerate the timeline to production. - Strategic Backing: The 9.9% investment by Centerra Gold at C$0.56/share (Sept 2025) provides a technical and financial floor for the valuation.
Liberty Gold is focused on "Carlin-style" oxide gold deposits in the Great Basin, USA. - Flagship Project: Black Pine (Idaho). It is a past-producing open-pit, heap-leach project. - Current Status: Feasibility stage. - Key Metrics: 4.88M oz Au Indicated. The project is characterized by low-grade but highly amenable oxide mineralization with rapid leach kinetics (>80% recovery in 10 days).