Liberty Gold Announces Updated Mineral Resource Estimate for the Black Pine Oxide Gold Project, Idaho
Massive Resource Expansion Nears 5 Million Ounce Milestone as Black Pine Enters Fast-Track Permitting
On February 10, 2026, Liberty Gold announced a significantly updated Mineral Resource Estimate (MRE) for its flagship Black Pine Oxide Gold Project in Idaho. The new estimate reports an Indicated Resource of 4.88 million ounces of gold (502.7 million tonnes at 0.30 g/t Au) and an Inferred Resource of 1.05 million ounces (157.1 million tonnes at 0.21 g/t Au). This represents a 17% increase in Indicated ounces and a 47% increase in Inferred ounces compared to the 2024 Preliminary Feasibility Study (PFS) MRE. The update incorporated nearly 40,000 meters of new drilling and identifies a high-grade core of 1.9 million ounces at 0.99 g/t Au. The company remains on track to deliver a Feasibility Study in Q4 2026.
Resource Growth
The addition of over 700,000 indicated ounces significantly bolsters the project's scale. The total resource (Indicated + Inferred) now nears 6 million ounces. Most importantly, the Indicated category—the material required for Reserves in the upcoming Feasibility Study—is now substantial enough to potentially support a higher production rate or longer mine life than the 17 years outlined in the PFS.
Liberty Gold is focused on sedimentary-hosted (Carlin-style) oxide gold deposits in the Great Basin (Idaho/Utah). - Flagship Project: Black Pine (Idaho). It is a past-producing mine (Pegasus Gold, 1990s). It is a run-of-mine (ROM) heap leach project, meaning no crushing is required for the bulk of the ore, significantly lowering capital and operating costs. - Secondary Project: Goldstrike (Utah), which holds an indicated resource of ~0.9 Moz and is being bundled with critical minerals (antimony) for potential divestiture.