Libero has identified nine new porphyry targets at its 100%-owned Mocoa porphyry Cu project in Colombia, in the immediate vicinity of the current Mocoa deposit. These targets were identified based on the results of detailed airborne magnetic and radiometric surveys completed at the end of 2021, along with recently compiled geochemical data. We view this announcement positively, as we believe management is improving its understanding of Mocoa’s mineralized system. The geophysical and geochemical data suggest to us that Mocoa could be host to a clustered porphyry system, which could provide good potential for further discoveries and resource expansion – two factors we believe are key to a potential re-rating of Libero’s stock price.
Tag: Libero Copper & Gold Corp.
Libero announced complete assays from the first diamond drill hole (MD-043) of the Phase 1 (5,000m) drilling program at its 100%-owned Mocoa porphyry Cu project in Colombia. MD-043 returned 0.89% CuEq (0.62% Cu and 0.083% Mo) over 557m with higher-grade sub-intervals. We estimate that MD-043 extended mineralization a further ~300-400m below the existing resource boundary as well as laterally away from hole M25. We believe hole MD-043 should help upgrade the existing ~4.6B lb Cu resource at Mocoa from the inferred to indicated category and could likely improve the resource grade. In our view, upgrading the inferred resources to a higher classification at Mocoa and deposit growth are key to a potential re-rating.
Libero has received an order by the Second Circuit Penal Judge of Mocoa to suspend exploration work in its mining title FJT-131, part of its 100%-owned Mocoa porphyry copper project in Colombia. We note that this injunction does not impact exploration activities that are currently taking place at the project. Current drilling is ongoing in mining title FJT-141, which is not affected by the injunction. We view this as an administrative precaution that should not impact the stock or any exploration activities at the project. We expect this issue should be temporary and would likely be resolved in the near term.
Ian Harris, CEO of Libero Copper sits down with Red Cloud Media.
Libero announced initial partial assays (450m of 1,235m) from the first diamond drill hole (MD-043) of the Phase 1 (5,000m) drilling program at its 100%-owned Mocoa porphyry Cu project in Colombia. MD-043 returned 0.74% CuEq (0.48% Cu and 0.078% Mo) over 443m with higher-grade sub-intervals. The grades compare favorably to the existing resource and other prominent deposits in the same porphyry belt. We believe hole MD-043 should help upgrade the existing ~4.6B lb Cu resource at Mocoa from the inferred to indicated category and could likely improve the resource grade. Additionally, should assays for the remaining 785m be favourable, we believe hole MD-043 would extend the resource boundary at depth and laterally to the west.
The 2022 Canadian Budget was announced yesterday. It seems to get a passing grade from trade groups such as the Steel Producers Association and Mining Association of Canada.
March 31, 2022 Libero Copper & Gold Corp. (TSXV:LBC, BUY, C$1.40 target, Taylor Combaluzier) provided an update on its ongoing five-hole (5,000m) drilling program at its
March 15, 2022 Libero Copper & Gold Corp. (TSXV:LBC, BUY, C$1.40 target, Taylor Combaluzier) has appointed Mathew Wunder as Vice President of Exploration. Mr. Wunder
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
February 17, 2022 Libero Copper & Gold Corp. (TSXV:LBC, BUY, C$1.40 target, Taylor Combaluzier) announced that drilling has commenced at its 100%-owned Mocoa Cu-Mo project