Liberty Gold: NBC raises PT on new oxide gold zone discovery

Liberty Gold

23/06/2020 16:53

** National Bank Of Canada raises PT of Canadian gold miner
 LGD.TO  to C$2.30 from C$1.70 
    ** Company announces discovery of a third high-grade oxide
gold zone, D-3, at its Black Pine Project in Idaho, near the D-1
and D-2 zone discoveries made in 2019  urn:newsml:reuters.com:*:nFWN2E009B
    ** Liberty remains a top developer pick and we see potential
for further resource growth - NBC
    ** LGD also expands its drill program at Black Pine Project
to 46,000 metres from 28,000 metres    
    ** NBC says its average annual gold production forecast
increases to 150koz per year over an 8.5-year mine life from 
previous estimate of 100koz per year over a 7-year mine life
    ** LGD stock up 68% YTD 

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))