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Libero Copper & Gold Corp V.LBC

Alternate Symbol(s):  LBCMF

Libero Copper & Gold Corporation is a mineral exploration company. The Company is focused on the exploration and development of the Mocoa porphyry copper-molybdenum deposit (Mocoa) in Colombia and the Esperanza (Esperanza) porphyry copper-gold project in San Juan, Argentina. The Mocoa property is located approximately 10 kilometers from the town of Mocoa, covering over 100,000 hectares, near the Ecuador border, in the Eastern Cordillera of Colombia. The Esperanza is located in the Huachi Mining district, San Juan Province, Argentina at an elevation of only 3,200 meters. Its Big Red Porphyry Copper Project comprises 20 contiguous claims totaling 26,000 hectares in northwestern British Columbia, 45 kilometers southwest of Telegraph Creek along the Barrington Road. The Big Bulk Porphyry Gold-Copper Project is located 50 kilometers southeast of Stewart, British Columbia in the Golden Triangle.


TSXV:LBC - Post by User

Bullboard Posts
Post by jglowachon Mar 05, 2000 8:10pm
210 Views
Post# 1506648

GO!!GO!!

GO!!GO!!When the U.S. major oil cos. explored for oil in Saudi Arabia they targeted areas with salt domes.The drilling of these formations resulted in the largest hydrocarbon discoveries ever found as Saudi Arabia still has the largest conventional oil deposits in the world.The well drilled by SLM etal encountered a 200m.salt formation at a depth of about 2800m.I'm not a geologist, but I would interpet this as a good sign,particularly as adjoining blocks with producing wells had the same formations and similar seismic signatures.Water was encountered in the salt zone and this made it necessary to cement the well to prevent water from flowing down and jeopardize the well. All these things plus the cement truck breaking down resulted in longer than normal delays.The hydrocarbon zone is 200m. thick and represents apotential one billion barrel plus deposit.This is very substantial and if successful would result in SLM being a multi $ stock.I think its worth taking a chance on and staying until completion.
Bullboard Posts