SOURCE: Equity news Alert

June 19, 2012 07:30 ET

Alaska Expecting a Second Mining Boom

Note to Editor: The Following Is an Investment Opinion Issued by Equity News Alert

NEW YORK, NY--(Marketwire - Jun 19, 2012) - In a recent article in the Alaska Dispatch, it is highlighted how "mining interest in Alaska is booming." In 2011, The Alaska Miners Association reports mining companies paid some $148 million to the state in royalties, rents, fees and taxes, and $17.2 million to local governments, Alaska's tax regime for mining has been called one of the most favorable in the world.

Alaska, the second largest gold producing state, is helping fuel the 2.6% increase in gold production in the US saw in 2011. United States Geological Survey (USGS) reported the total US output was 237 tons of gold for 2011.

Liberty Gold Corp, (OTCBB: LBGO) has just announced they have acquired 60% interest in 2,218 acres in Central Alaska's Tolovana Mining District. According to a 2012 technical report by David Adams, B.S., M.S., CPG, Liberty Gold's McCord Creek property exhibits 5 gold-in-soil anomalous zones with the maximum soil value exceeding 100 ppb gold. Surrounding the acquired property are Kinross Gold's (NYSE: KGC) Fort Knox Mine and International Tower Hill Mines (NYSE MKT: THM) Livengood Property. NovaGold Resources (NYSE MKT: NG) has also recently put more focus on its Donlin Gold project which is located south west of Liberty Gold's property.

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