VANCOUVER, BC, Oct. 16, 2024 /CNW/ – Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) (“Libero Copper” or the “Company”) is pleased to announce a significant milestone in advancing the resource expansion, with the start of hole MD-044, at its flagship Mocoa Porphyry Copper-Molybdenum Deposit (“Mocoa” or the “Mocoa Project”), located within Colombia’s Jurassic Copper Belt, near the town of Mocoa, Putumayo. MD-044 is the start of a program of up to 14,000 metres. This phase marks the culmination of over two years of extensive groundwork in establishing a sustainable and responsible base for ongoing project development and follows up on recent mobilization activities.
Highlights
- Commencement of resource expansion activities with hole MD-044, designed to test the extension at depth of the high-grade copper-molybdenum zone, which is interpreted to plunge northeastward
- Upcoming 14,000-metre resource expansion program, focused on expansion, in-fill, and testing new areas based on detailed geological updates.
- Montclar Bridge construction advancing on schedule, expected to be complete by the end of November 2024, enhancing community connectivity under the Cooperation Framework Agreement with the community of Montclar.
- Mobilization activities successfully concluded, including hiring key personnel, fully equipping the camp, maintaining and testing the first drill rig, securing a reliable rainwater supply, and reopening vital access routes to the exploration camp and resource expansion sites.
- Prior to the expansion of activities, a detailed permit review was conducted. Based on this review, Libero Copper implemented additional measures—including expanding the rainwater collection system and enhancing waste management practices—to ensure compliance without requiring additional permits.
Read the full press release here 
LIBERO COPPER ADVANCES RESOURCE EXPANSION AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM DEPOSIT
About Libero Copper
Libero Copper is led by a team with rare experience—having advanced projects from post-resource discovery to the path of construction, including some of the few large copper projects built in the last 20 years. This real-world expertise drives Libero Copper’s focus on relationships, responsibility, trust, and a relentless commitment to sustainable progress.
At the core of Libero Copper’s portfolio is the Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia. Mocoa stands as a cornerstone asset with immense potential for expansion.
Now, with the Fiore Group’s bold company-building vision behind it, Libero Copper is uniquely positioned to fill a crucial gap in the copper industry—advancing large-scale projects toward construction. Through this approach, Libero Copper is committed to creating lasting value for all stakeholders while positioning itself at the forefront of meeting the growing global demand for copper—the metal driving progress in the modern economy.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the expected use of proceeds from the Offering. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forwardlooking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Libero Copper & Gold Corporation
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For further information: Additional Information: Ian Harris, Chief Executive Officer, +1 604 294 9039, harris@liberocopper.com; Tetiana Konstantynivska, Vice President Investor Relations, +1 778 829 8455, tk@liberocopper.com CO: Libero Copper & Gold Corporation CNW 09:57e 12-DEC-24.