RE:Libero Copper Intersects 1,229 Metres Of 0.42% Copper At Moc Not very good results, but I didn't think it would fall 25%. .42% copper is not very good. More $'s for more drilling is needed. SP could fall further if there is not any new news.
Anything over 100 metres and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported.
AwareInvestor wrote:
Libero Copper & Gold has finally received the remainder of its assay results for the first hole on its Mocoa property in Colombia. This follows the firm reporting partial assays last week, including the intersection of 0.75% copper and 0.114% molybdenum over 251 metres.