VANCOUVER, BC, Oct. 19, 2021 /CNW/ – Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce the commencement of exploration activities on its Mocoa porphyry copper-molybdenum project with airborne geophysical and LiDAR surveys followed by a large scale soil sampling program. The last exploration and drilling activities at the Mocoa project were conducted by B2Gold in 2012. Libero Copper acquired the project in 2018 and calculated a constrained inferred resource at Mocoa which contains 4.6 billion pounds of copper in 636 million tonnes grading 0.45% CuEq*.
Highlights
- MPX Geophysics has recently completed high-resolution airborne magnetic-radiometric and LiDAR surveys over an 8,100 hectare area.
- Initial 1,450 sample soil sampling program planned for Q4 2021 to assist in identifying additional porphyry centers and enhance drilling vectors.
- Core relogging suggests Mocoa is multi-pulse system with a high-grade copper magmatic-hydrothermal breccia associated with bornite-magnetite mineralization, overprinted by late white mica alteration associated with hypogene chalcocite-bornite mineralization. The prolific Jurassic porphyry belt which hosts Mocoa is a host to Mirador, San Carlos, Panantza, and Solaris’ Warintza.
- Significant expansion potential as the resource is open both along strike and at depth, and the porphyry system appears to trend in the northeast direction. The current resource model for Mocoa is roughly cylindrical with a 600 metres diameter, and high-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres. Historic drilling includes 0.67% CuEq* (0.49% Cu and 0.06% Mo) over 634 metres and 0.59% CuEq* (0.44% Cu and 0.05% Mo) over 779 metres.
- Historical soil sampling shows an untested porphyry copper target 1.3 kilometres south-east of the resource zone. This copper and molybdenum soil anomaly is greater than 1.5 kilometres in diameter and is comparable in extent and intensity to the response above the existing Mocoa resource.
Read the full press release here 
Libero Copper Starts Exploration at Mocoa
About Libero Copper & Gold
Libero Copper is unlocking the value of a collection of porphyry copper deposits throughout the Americas in prolificand stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big Bulk in the GoldenTriangle, Canada; Esperanza in San Juan, Argentina; and Mocoa in Putumayo, Colombia. These assets areadvanced by a highly disciplined and seasoned professional team with successful track records of discovery,resource development, and permitting in the Americas.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX VentureExchange) 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 ofhistorical fact, are to be considered forward looking. Although the Company believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions, such statements are not guarantees offuture performance and actual results or developments may differ materially from those in forward-lookingstatements. Factors that could cause actual results to differ materially from those in forward-looking statementsinclude the Company not receiving the necessary regulatory approvals in respect of the Offering, market prices,exploitation and exploration successes, continued availability of capital and financing, and general economic, marketor business conditions and regulatory and administrative approvals, processes and filing requirements. There can beno assurances that such statements will prove accurate and, therefore, readers are advised to rely on their ownevaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
SOURCE Libero Copper & Gold Corporation.
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For further information: Ian Harris, Chief Executive Officer, +1 604 294 9039, harris@liberocopper.com; TetianaKonstantynivska, Investor Relations, +1 778 372 0179, konstantynivska@liberocopper.com
CO: Libero Copper & Gold Corporation.