LBC Prepares for Major Drill Program at Mocoa Deposit Libero Copper & Gold Corporation (LBC.v / LBCMF) has initiated the mobilization phase for its upcoming exploration efforts at the Mocoa Porphyry Copper-Molybdenum Deposit, located in Colombia's Jurassic Copper Belt. This development comes as the company gets ready for a substantial 14,000-meter drill program set to begin in Q4 2024, extending into H1 2025.
Key Objectives of the Drill Program
The primary focus of this large-scale drill campaign is to expand the current resource base at Mocoa, which holds an inferred resource of 636 million tonnes at 0.45% copper equivalent (CuEq). In addition, the program will target:
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Infill drilling: To improve the resource classification.
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Resource expansion: To increase the overall size of the deposit.
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Testing new targets: To test several promising porphyry targets which were recently identified in geophysical surveys
This drill program follows the successful results from drill hole MD-043, which intersected 1,228.5 meters of 0.58% CuEq, with a high-grade core of 250.8 meters at 1.12% CuEq.
Preparations Underway
Libero Copper has already started laying the groundwork for the upcoming drilling. Current activities include:
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Hiring essential personnel for the project.
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Testing drill rigs and ensuring they are operational.
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Securing water sources for drilling.
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Reopening access routes to the exploration site.
Additionally, in collaboration with the Montclar community, a new walking bridge is under construction to improve local infrastructure and support the exploration activities.
Strong Community Engagement
Libero Copper is deeply committed to fostering positive relationships with local communities and authorities. As part of its community engagement initiatives, the company is collaborating with the Montclar community on the construction of a new walking bridge to improve local infrastructure. This effort highlights Libero’s dedication to supporting local development while advancing its exploration activities.
The company’s commitment to community relations has not gone unnoticed. Libero Copper was recently ranked 12th in reputation among mining companies in Colombia and 13th in reputation with government officials, reflecting its strong standing in the country.
Full press release here: https://www.liberocopper.com/_resources/news/nr-20240917.pdf
Posted on behalf of Libero Copper & Gold Corp.