VANCOUVER, British Columbia — Liberty Gold Corp. has announced a substantial update to the independent Mineral Resource Estimate for its Black Pine oxide gold project located in southeastern Idaho, USA. The company released the updated figures on February 10, 2026, revealing significant growth in both indicated and inferred gold resources compared to previous estimates.
Updated Resource Figures Show Substantial Growth
The updated Mineral Resource Estimate, which carries an effective date of January 31, 2026, reports resources at a cut-off grade of 0.10 grams per tonne gold. The comprehensive assessment reveals an indicated resource of 502.7 million tonnes at an average grade of 0.30 g/t gold, totaling 4,882,000 ounces of gold. Additionally, the company reports an inferred resource of 157.1 million tonnes at an average grade of 0.21 g/t gold, amounting to 1,050,000 ounces of gold.
High-Grade Subset Details
Within the broader resource estimate, Liberty Gold has identified a significant high-grade subset using a higher cut-off grade of 0.50 g/t gold. This high-grade portion includes an indicated resource of 60.1 million tonnes at an average grade of 0.99 g/t gold, totaling 1,907,000 ounces of gold. The high-grade inferred resource stands at 6.4 million tonnes with an average grade of 0.74 g/t gold, representing 152,000 ounces of gold.
Significant Increases from Previous Estimates
The 2026 Mineral Resource Estimate demonstrates substantial growth compared to the company's 2024 preliminary feasibility study. The updated figures show a 17% increase of 719,000 ounces of gold in the indicated category and an impressive 47% increase of 338,000 ounces of gold in the inferred category. This resource expansion represents oxide-only gold mineralization, with no sulfide gold mineralization included in the current estimate.
Company Leadership Comments on Progress
Jon Gilligan, President and CEO of Liberty Gold, expressed enthusiasm about the updated resource figures. "This updated Mineral Resource Estimate has achieved indicated resource growth and expanded the total resource footprint which are important steps for the Black Pine project as we move closer to mine development," stated Gilligan.
He continued, "The addition of over 700,000 indicated gold ounces, coupled with an expansion of 338,000 inferred gold ounces, as compared to the 2024 PFS Resource, shows that 2025 drilling produced strong results. With totals of just under 5 million gold ounces of resource in the indicated class, and just over 1 million gold ounces of inferred mineralization, Black Pine is solidly positioned to deliver a Feasibility Study in the fourth quarter of this year."
Future Development Plans
According to company leadership, the strategic drilling planned for 2026 has the potential to deliver additional near-term resource upgrades and continue expanding oxide mineralization across the Black Pine project. The company's progress positions them to advance toward a comprehensive Feasibility Study scheduled for completion in the fourth quarter of 2026.
The updated Mineral Resource Estimate represents a significant milestone for Liberty Gold as they continue to develop the Black Pine gold project, which is emerging as a substantial gold resource in the southeastern Idaho region. The company's systematic approach to resource expansion and development planning demonstrates their commitment to advancing this important mining project toward production.
