LBC Mobilizes for Exploration Project @ Mocoa Following major SP action over the past couple days, today, Libero Copper (LBC.v LBMF) announced its mobilization for exploration at the Mocoa Porphyry Copper-Molybdenum Deposit with upcoming drilling to follow up on a recent hole that intersected 1,228.5m averaging 0.58% CuEq including 840.3m of 0.72% CuEq.
Gearing up to drill 14,000m, the program is scheduled for Q4-2024 through H1-2025 and is focused on resource expansion, infill drilling, and testing new porphyry targets across the region.
The drilling will follow up on drill hole MD-043, which yielded significant results, including 250.8m at 1.12% copper equivalent, and will also explore a copper-molybdenum soil anomaly surrounding the resource area.
Fieldwork is currently underway to prioritize nine additional porphyry targets, with preparations include hiring key personnel, testing drill rigs, securing water supplies, and reopening access routes to minimize costs and logistical challenges.
LBC's President and CEO, Ian Harris, commented:
"We're at an exciting milestone at the Mocoa Porphyry Copper-Molybdenum Deposit, built on a foundation of extensive geological work and strong relationships. We are preparing to follow up on the impressive copper intersections from MD-043. Detailed fieldwork has only reinforced what we believed all along: Mocoa Deposit holds immense potential,"
"But this moment is about more than just geology—it's about the foundation we've built through close collaboration with local communities, key partnerships and government. I'm particularly proud of the commitment shown by our team and local stakeholders. Together, we are unlocking the full potential of Mocoa Deposit for the benefit of Mocoa, Putumayo, and Colombia."
Further, LBC is working with local communities on infrastructure projects, such as constructing a new walking bridge in Montclar. While not required for the exploration, the bridge will enhance operational efficiency and benefit local residents.
Notably, the Mocoa deposit contains 4.6 billion pounds of copper, with an inferred resource of 636 million tonnes at 0.45% copper equivalent (CuEq), including 2.1 million tonnes of copper and 232,000 tonnes of molybdenum.
Aiming to leverage the rising demand for copper and positioning itself as a major player in the energy transition, LBC's focused on developing Mocoa into a large-scale copper mine positions them to significantly contributing to the world’s copper supply, while ensuring local community engagement and environmental stewardship.
For more information, refer to the company's presentation at the 2024 Beaver Creek Precious Metals Summit this week: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/12/libero-copper-gold/play/stream/38893
Full News Release: https://finance.yahoo.com/news/libero-copper-mobilizes-exploration-mocoa-113000468.html
Posted on Behalf of Libero Copper and Gold Corp.