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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

Comment by Qwerty123456on Nov 24, 2020 2:16pm
166 Views
Post# 31962237

RE:NEWS FROM IR

RE:NEWS FROM IR
hartadd wrote: News from IR "The lab is still backed up and has delayed again. We are now expecting the Ridge results in Dec and the Terry results in Jan.  Thanks for your patience. It’s been frustrating for everyone this year waiting for assays". 


Thanks Hartadd for the update. Much appreciated.

If memory serves me this will be the fourth time "anticipated" Ridge results were delayed (based upon various iterations of the LBC corporate presentation) and seemingly due to backlog on the part of the lab. I see this latest delay as a red flag and in particular as there has been no formal update from the company to shareholders giving any rationale for the long wait. Seemingly LBC has a contract with the lab to process results within a certain timeframe. That would seem standard business practice. Moving the "anticipated" dates from September to October to November to December at least for this investor raises eyebrows. GLTA.
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