On Tuesday, Libero Copper & Gold Corporation (Ticker: LBC.v or LBCMF for US investors) announced the mobilization for exploration at its flagship Mocoa Porphyry Copper-Molybdenum Deposit in Colombia's Jurassic Copper Belt.
This marks the final preparation phase ahead of a planned 14,000-metre drill program scheduled for Q4-2024 through H1-2025, aiming to expand the existing resource and test new high-priority porphyry targets.
The Mocoa Deposit, located near the town of Mocoa, Putumayo, holds an inferred resource of 636 million tonnes of 0.45% copper equivalent, with potential for further expansion.
The 14,000-metre drill campaign will target infill drilling, resource expansion, and the testing of additional porphyry targets identified by recent geophysical data.
It will follow up on the high-grade copper equivalent results from drill hole MD-043, which intercepted 1,228.5 metres at 0.58% CuEq, including a high-grade core of 250.8 metres at 1.12% CuEq.
Currently, key personnel are being hired, and preparations at the exploration site include testing drill rigs, securing water supplies, and reopening access routes.
Construction of a new walking bridge in collaboration with the Montclar community is also underway.
Libero Copper’s efforts in building strong community relationships were recently recognized, ranking 12th in reputation among mining companies in Colombia, and 13th in reputation with government authorities.
Full news here: https://www.liberocopper.com/_resources/news/nr-20240917.pdf
Posted on behalf of Libero Copper & Gold Corp.