Posted on 25 June 2012. Tags: lbgo
Outstanding Shares: 88.9M
Liberty Gold Corp. (LBGO) is a Phoenix, Arizona gold, silver, and precious metal exploration company, founded in 2006, with multiple claims in strategic geological locations.
LBGO is currently the whole owner of a 794 acre Domestic Portfolio property located in Arizona where LBGO’s analysts have concluded the property location to have resources estimating 8.09 million ounces of gold. However, LBGO’s in-depth research has also discovered the presence of various rare earth metals including indium and gallium and when combined will create a $16.70 billion property value. LBGO’s projects further expand into Alaska with LBGO’s 2,560 acre Moneyrock gold project and 2,218 acre McCord Creek Property. LBGO’s McCord Creek Property is LBGO’s newly acquired mine, comprised of 14 mining claims, situated in Central Alaska’s prime mining district, Tolovana, and on the Tintina Gold Belt which has been home to significant mines that have produced over 30 million ounces of gold. Not only is LBGO’s McCord Creek Property situated in Alaska’s central mining district, but is also situated on the eastern side of the Money Knob deposit of International Tower Hill Mines’ Livengood Property that is said to have gold estimates of 20.6 million ounces; southeast of the property is Kinross Gold’s Fort Knox mine which is well-known to produce daily over $1 million of gold equivalent.
For these reasons, LBGO is currently working on developing an exploration plan to evaluate the mineral potential of LBGO’s newly acquired property which will bring additional value to LBGO while they currently pursue to become of similar nature to the Money Knob deposit. Meanwhile, LBGO recently announced LBGO has entered into a $15 million finance agreement with American Gold Holdings LTD for the further advancement of LBGO’s gold exploration activities with an initial drilling program set for the near future.
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