LBC Advances Exploration at Mocoa Project w/ New Drill Hole Last week, Libero Copper & Gold Corp. (Ticker: LBC.v or LBCMF for US investors), announced that it has begun drilling MD-045, the second hole in its 14,000-metre resource expansion program at the Mocoa porphyry copper-molybdenum deposit in Putumayo, Colombia.
LBC's Mocoa deposit encompasses a 1,000 km² landholding in the Jurassic porphyry belt. Notably, this prolific geological belt hosts major deposits in Ecuador, such as Mirador and Solaris’ Warintza.
The project is open along strike and at depth and exhibits classical hydrothermal alteration patterns with high-grade copper-molybdenum mineralization extending beyond 1,000m depth.
LBC's ongoing 14,000-metre drilling campaign aims to connect and expand high-grade zones, exploring the western extension of the deposit.
Key points from the recent drilling update include:
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Strategic Goals: MD-045 focuses on evaluating structural controls in the western brecciation zone, testing its extension southward and at depth to refine resource potential.
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Progress: MD-045 has reached 250m of its planned 1,200m depth, with a dip of -60 degrees and azimuth of 258 degrees.
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Western Expansion Potential: The Colombian government’s recent clarification of the forestry reserve boundary has de-risked the western area, prioritizing it for exploration.
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Brecciation Zone Insights: Phase 3 brecciation, associated with high copper and molybdenum grades, spans approximately 1,500m in length, 225m in width, and 1,000m in depth.
Libero Copper’s 14,000m drilling program at Mocoa underscores the company’s commitment to unlocking the deposit’s full potential as a significant copper-molybdenum resource.
With the western extension now de-risked and high-grade mineralization evident, the project is well-positioned to contribute to Colombia’s emerging role in the global copper supply chain in the future.
By leveraging advanced techniques and strategic planning, Libero Copper is not only advancing its exploration goals but also setting the stage for future development that could address growing demand for this critical metal.
More here: https://www.liberocopper.com/_resources/news/nr-20250113.pdf
Posted on behalf of Libero Copper & Gold Corp.