09.12.2011 16:10:00
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S&P Capital IQ Initiates Coverage on Liberty Gold Corporation in Standard & Poor’s Factual Stock Reports
S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Liberty Gold Corp.
Liberty Gold Corp. (OTCBB: LBGO) is a gold and precious metals exploration company headquartered in Phoenix, Arizona. The company's project portfolio consists of the Domestic Portfolio in Arizona, the Moneyrock Property in Alaska, and the Monte del Favor Property in Mexico.
The Domestic Portfolio in Arizona is a 749 acre mining operation located in the Cerbat Mountain range in Stockton Hill. The holdings are 75 miles southeast of Las Vegas. LBGO holds a 100% interest in the Domestic Portfolio, which include 40 individual projects ranging from 16 to 20 acres each. The project consists of four patented mining claims, eleven Federal mining claims (unpatented), and 25 pure exploration prospects.
A January 18, 2010 report states eight of the Domestic Portfolio's mining claims estimated a resource total of 3.01 million gold equivalent ounces. Based on a subsequent report in October 2010, estimate of total resources for blocked out, assayed and geologically inferred ore, the potential valuation for the eight mining claims is $6.51 billion. The report included a preliminary minimum resources estimate for 25 of the Domestic Portfolio's other claims, representing an additional 6.70 million gold equivalent ounces. The potential market valuation for all 33 claims is around 20.01 billion.
Planned development includes the construction of a production mill on the privately owned land. Physical access to the claims for further exploration and development is available via an old mining road.
Liberty has a 60% interest in the 2,560 acre Moneyrock Property gold project ("Moneyrock"). The project is located 80 miles southeast of Fairbanks, Alaska. Moneyrock consists of three separate, partially-contiguous blocks, which include the Indian claims (32 state claims), the Aurora claims (four MTRSC state claims), and the Rainbow claims (4 MTRSC state claims).
Standard & Poor’s Factual Stock Report coverage on Liberty Gold Corp. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.libertygoldcorp.com for additional information.
About Standard & Poor's Factual Stock Reports
Currently profiling over 500 issuers, Standard & Poor’s Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor’s Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
About S&P Capital IQ
S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need.
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