VANCOUVER, BC, Feb. 8, 2021 /CNW/ - Libero Copper & Gold Corporation (TSXV:
LBC) (OTCQB: LBCMF) (DE: 29H) announces 2021 work programs,
including a total of 12,000 metres of drilling to advance the Big
Red, Big Bulk, Esperanza and Mocoa porphyry copper projects.
Highlights
- Esperanza, in San Juan, Argentina – Surface work is starting
immediately followed by 5,000 metres of drilling commencing in
April focused on the large 2.0-kilometre by 1.2-kilometre surface
alteration footprint and stepping-out from the discovery hole that
intercepted 387 metres of 0.78% copper equivalent from surface
through the end of hole.
- Big Red, in BC's Golden Triangle – Surface mapping, sampling
and IP commencing in June, followed by 5,000 metres of drilling
following up the 2020 greenfield porphyry discovery on the
periphery of a greater than one kilometre in diameter porphyry
footprint.
- Big Bulk, in BC's Golden Triangle – 2,000 metres of drilling
commencing in August to test interpretations indicating that the
target is a much larger calc-alkaline porphyry system tilted on its
side with higher grade mineralization in a discreet mineralized
phase not targeted by historic drilling.
- Mocoa, in Colombia – Focus
on drill permitting, community engagement and creation of long-term
relationships.
"Our 2021 plan is a significant step forward in Libero's
strategy of year-round value creation achieved through drilling in
multiple jurisdications while operating with a a future looking
mentality. At both Esperanza and Big Red we are following up on
discoveries with significant targets, solid grades, and
mineralization from surface. At Big Bulk we are looking to make a
new discovery based on drilling new interpretations. Finally, we
will be leveraging management and local team experience in
developing projects in Latin
America to ensure sustainable project development to unlock
the value of Mocoa," comments Ian
Harris, Chief Executive Officer. "We look forward to
advancing our project pipeline of copper porphyry deposits in
mining-friendly jurisdictions that have the potential to become
significant future mines."
About Libero Copper &
Gold
Libero is unlocking the value of a collection of porphyry copper
deposits throughout the Americas in prolific and stable
jurisdictions. The portfolio includes Big Red (a new greenfield
discovery) and Big Bulk in the Golden Triangle, Canada, Esperanza in San Juan, Argentina and the Mocoa deposit in
Colombia. These assets are being
advanced by a highly disciplined and seasoned professional team
with successful track records of discovery, resource development,
and permitting in the Americas.
The technical information contained in this news release has
been reviewed and approved by Dr. Thomas
Mumford P.Geo, President of Serac Exploration, who is a
Qualified Person as defined under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market
prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market
or business conditions and regulatory and administrative approvals,
processes and filing requirements. There can be no assurances that
such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such
uncertainties. We do not assume any obligation to update any
forward-looking statements.
SOURCE Libero Copper & Gold
Corporation.