LBC.v Up 210% YTD with Aggressive 14,000-Metre Drill Program Libero Copper & Gold Corp. (Ticker: LBC.v or LBCMF for US investors) is advancing its flagship copper and molybdenum asset to leverage the global demand for copper; closing up again today on high volume, putting it up 210% YTD.
The company’s flagship asset, the Mocoa Copper-Molybdenum Deposit in Putumayo, Colombia, is positioned to become a major source of copper in the region.
Recently, Libero launched an extensive 14,000-meter drilling program at Mocoa, targeting high-grade areas and deepening knowledge from previous drilling.
Notably, 2022 results from hole MD-043 revealed an impressive intercept of 1,228.5 meters at 0.58% copper equivalent (CuEq), underscoring the deposit's potential.
This year’s drilling aims to increase the existing resource and assess depth extensions, enhancing Mocoa's asset value as copper prices trend upward.
Currently, the deposit holds an inferred resource of 636 million tonnes grading 0.45% CuEq, amounting to 4.6 billion pounds of copper and 511 million pounds of molybdenum.
The resource remains open in several directions, with new porphyry targets identified for further exploration.
The Mocoa Camp, supporting up to 50 personnel, is fully operational, allowing Libero to conduct its expansion efforts efficiently.
With copper demand projected to climb, Libero Copper’s strategic assets place the company in a strong position to capitalize on this growing market.
https://www.liberocopper.com/_resources/news/nr-20241016.pdf
Posted on behalf of Libero Copper & Gold Corp.