Liberty Gold Validates Predicted Operating Gold Leach Recoveries Through Bulk Column Tests at Run-of-Mine Sizing

Original announcement by orestocks on

Company
Liberty Gold Corp.
Ticker
LGD.TO
Exchange
Unavailable
Region
Idaho
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy
Extracted
2026-09-17 10:11:19 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Liberty Gold has successfully validated its gold leach recovery models for run-of-mine (ROM) sized material through bulk column testing at the Black Pine Oxide Gold Project. The results confirm that gold extraction is relatively insensitive to particle size, supporting a low-cost heap leach strategy without the need for crushing.

Reasoning: The bulk column tests successfully validate the company's ROM heap leach recovery assumptions, significantly de-risking the project's processing strategy and supporting the recent Feasibility Study.

Positive factors

  • Validation of ROM heap leach recovery models
  • Rapid leach kinetics (90% in 36 days)
  • High extraction (95%) in Rangefront Ppos sample
  • Low sensitivity to particle size (crushing not required)
  • Favorable permeability results

Negative factors

  • One sample underperformed due to high clay content

Facts used in scoring: 4

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The project utilizes a heap leach processing route.

Evidence · text

“ROM heap leach operation”

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Bulk column results showed 95% extraction for the Rangefront Ppos sample and an average of 72.4% for bulk columns, with many reaching 90% in 36 days.

Evidence · text

“The Rangefront Ppos sample had the highest extraction tested at 95%”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: The ore is described as oxide ore with rapid leach kinetics and favorable characteristics.

Evidence · text

“Black Pine is emerging as a classic example of oxide ores where ROM gold extractions are rapid”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 4 distinct composites were tested

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Metallurgical Results (4)

column leachBlack Pine · goldRecovery: 95 %Head Grade: 0.43Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Black Pine
Commodity
gold
Region
usa_id
Reported Region
Idaho
Ticker
LGD.TO

Test Work

Program Status
detailed
Test Type
column leach
Sample
Rangefront Ppos sample

Recovery

Recovery
95 %
Head Grade
0.43
Head Grade Unit
g/t

Lab

Laboratory
KCA
Consultant
Gary Simmons

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Exceptionally high recovery for the given head grade, providing significant value upside.

Positive factors

  • Outperformed modeled recoveries by over 13%

Evidence · text

“The Rangefront Ppos sample had the highest extraction tested at 95% for a 0.43 g/t gold head grade.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95% is at or above the exceptional band (75%)

column leachBlack Pine · goldRecovery: 51.9 %View all details
Link to this fact

Identity

Project
Black Pine
Commodity
gold
Region
usa_id
Reported Region
Idaho
Ticker
LGD.TO

Test Work

Program Status
detailed
Test Type
column leach
Sample
I-pit Pold sample

Recovery

Recovery
51.9 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Result was expected and consistent with existing models for this specific rock unit.

Positive factors

  • Aligned with modeled recoveries

Negative factors

  • Lower gold extraction expected for this unit

Evidence · text

“The I-pit Pold sample extraction at 51.9% was an expected result”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

column leachBlack Pine · goldRecovery: 72.4 %View all details
Link to this fact

Identity

Project
Black Pine
Commodity
gold
Region
usa_id
Reported Region
Idaho
Ticker
LGD.TO

Test Work

Program Status
detailed
Test Type
column leach
Sample
Average weighted bulk columns

Recovery

Recovery
72.4 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Validates the feasibility study models for bulk material.

Positive factors

  • In line with modeled recoveries in the recent FS

Evidence · text

“The average weighted gold extraction for the bulk columns was 72.4%”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

column leachBlack Pine · silverRecovery: 21 %View all details
Link to this fact

Identity

Project
Black Pine
Commodity
silver
Region
usa_id
Reported Region
Idaho
Ticker
LGD.TO

Test Work

Program Status
detailed
Test Type
column leach
Sample
Bulk column leach tests

Recovery

Recovery
21 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: Provides a basis for future silver production modeling.

Positive factors

  • Above previous variability composite averages

Evidence · text

“Bulk column leach tests recorded silver (“Ag”) extractions up to 39%, with a weighted average Ag recovery of 21%.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 21% is below the weak band (75%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.