Liberty Gold adds more water rights
Liberty gold said today that it purchased historic Black Pine Mine water rights, securing an additional water supply and further de-risking its black pine oxide gold deposit in Idaho.
Liberty Gold is focused on exploring and developing the Great Basin of the United States. Black Pine in Idaho is a past-producing open-pit mine. “In this part of the world, I don’t think it is possible to overemphasize the importance of securing water rights pursuant to the future permitting and operation of a mine. The team has worked diligently over the last two years to acquire water rights, secure land and mineral rights and advance power agreements, which have significantly de-risked Black Pine’s future operations,” said Liberty CEO Jason Attew.
Liberty said rights secured are for 868.5 acre feet per annum. Both rights are registered to the Black Pine Mine Well immediately adjacent to the potential site of a future heap leach pad. Liberty Gold has now secured, through a combination of purchase and long-term lease, an aggregate of 3,202 AFA of process water supply, sufficient for any future large-scale mining operation envisioned at Black Pine.
The company said that the secured rights"materially de-risks the Black Pine project from a development perspective."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: UBS identifies three structural reasons in favor of goldCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Inside Universal Music Canada's trendy new Liberty Village headquartersUniversal Music Canada's gorgeous new space is frequented by stars like Shawn Mendes, Geddy Lee and Dave Grohl
Read more »
Monday Charts for Gold, Silver and Platinum and Palladium, November 28Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.
Read more »
Gold price near steady as marketplace eyes China unrestSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »
Great Panther Mining's deal to sell Peruvian assets to Newrange Gold terminatedA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Ghana readies to buy oil with gold, part of 'wider trend' of de-dollarization - E.B. Tucker
Read more »