RE:RE:Libero Copper Intersects 1,229 Metres Of 0.42% Copper At Moc On Tuesday, Libero released the complete results from hole MD-043, which was dug to 1,236 meters. The assay returned 1,229 meters of 0.74% copper equivalent, including 557 meters of 0.89% copper equivalent and 251 meters of 1.12% copper equivalent.
Before Tuesday's results, Bob Moriarty, founder of 321.gold.com, said the situation with Libero reminded him of 2020 when Solaris Resources Inc.'s (SLS:TSX) share price rose exponentially on the strength of copper intercepts in Ecuador.
"Depending on the value of the remaining 785 meters, … (it) could make the first hole from (Libero) a giant home run similar to that of Solaris," Moriarty wrote.
Two years ago, Solaris reported 567 meters of 1% CuEq from surface from its first hole at the Warintza copper/molybdenum project. The company went public at $1.38 a share, and it has now increased to just over $13.94 on April 21.
Taylor Combaluzier, a mining analyst with Red Cloud Securities Inc., agreed with Moriarty. The site "compares favorably to Warintza," Combaluzier wrote in a research report on April 20. "Mocoa is located within the same porphyry belt that hosts Solaris Resources' Warintza deposit," but the company trades at a fraction of Solaris' value.
Red Cloud maintained its Buy rating of Libero with a target of $1.40 in the update note.
A Question of When, Not If
https://www.theaureport.com/article/2022/02/24/could-explorer-have-a-copper-home-run.html?m_t=2022_04_26_14_28_45