Putu CVI
Grand Geddeh

The Putu CVI Project is one of Liberty’s most advanced and highly prospective gold projects located in the heart of Grand Geddeh County south of the County capital of Zwedru.

The Putu CVI area is well known in Liberia as a gold-rich region with five principal mining sites located along strike and an estimated 1,000 to 1,500 local alluvial miners working in the area for many years.

The principle mining sites are CVI Headquarters, Beleyala (also known as Beer Bottle), Kumasi 2, New Creek and Solo Village, all of which have extensive alluvial workings.

Lithologically, the Putu area is underlain by granitic gneiss with pyrite and quartz laminations. The general average strike of this formation is 305°; (NW – SE) with an average dip between 50°; and 70°; to the west. There is an amphibolitic intrusive formation at the northern portion of the license around Boundary Town.

However, all five main active alluvial artisanal mining sites in the CVI area are trending NNE – SSW, which is parallel to the strike of the main ridge of granitic gneiss, which contains an abundance of mica (muscovite) and quartz, as well as some leached sulphides (pyrite).

Gneissic iron bands in the area are highly weathered and highly silicified with some degree of shearing. In addition, the area is also covered with abundant iron formation rocks (itabirite) which trend NE – SW.

The Putu CVI Prospect is one of Liberty’s most advanced and highly prospective gold projects with a total of 13,410 samples collected over the Putu license to June 30, 2008.

A large gold - in - soil anomaly was identified on the CVI Prospect stretching approximately 6km in length and averaging 250m in width, with a potential 2.5km extension to the northwest.

Solo Camp Mining site – the last of the five major mining sites and apparent end of the main identified strike zone / CVI

In May 2007, Liberty commissioned SAGAX Afrique, S.A. to conduct an Induced Polarization (IP - gradient electrode array) ground survey. The survey identified over 5km in combined length of highly anomalous chargeability structures and 17 priority drill targets on the prospect. SAGAX conducted a second geophysical survey (IP pole - dipole) which further defined drill targets and generated impressive 3-D imaging of the resistive and chargeable zones within the mineralized target area.

Pole di-pole geophysical survey 3-D imaging of chargeability and resistivity / CVI

2,600 meter trenching program completed to sample saprolite for drill target delineation / CVILiberty also conducted an extensive trenching program (totaling over 2,600m in length) to further verify mineralization of anomalous structures at the 3m to 4m laterite/saprolite depth.

The combination of the 6 km gold-in-soil geochemical anomaly and the corresponding 5 ½ km long geophysical anomaly along with the extensive amount of alluvial activity, both historical and current, indicate the high potential of a significant gold deposit and possible economic gold mineralization in the area.

26 km road and 13 bridges constructed into the CVI project in preparation for major drill program / CVIBridge and road construction is near completion in order to gain year round access for drill rigs and heavy equipment where drilling is planned in the short term with the goal of determining an initial inferred resource on this highly prospective prospect.

An initial 8,000 meter combined RC/diamond core drill program is planned on the Putu CVI Prospect with the intention of establishing an inferred resource. A budget of approximately US$2,000,000 is proposed for this program.

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