Libero Copper & Gold Corp. (LBC.v or LBCMF for US investors) has made notable progress at its flagship Mocoa Project in Colombia, continuing its focus on expanding its resource base while adhering to regulatory standards.
Project Overview
Located in Colombia's mineral-rich Putumayo region, the Mocoa Project is a significant copper porphyry deposit covering over 1,000 km² in the Jurassic porphyry belt. Discovered in 1973, Mocoa has shown substantial promise from past drilling campaigns, including:
Drilling Program and Resource Expansion
Libero Copper is currently executing a 14,000m drilling program, nearly 50% larger than historical drilling efforts at Mocoa. This expanded program includes:
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Infill and Step-Out Drilling: Aiming to expand the current resource base and validate newly identified targets.
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Focus on Newly Identified Targets: The ongoing campaign is critical for increasing the project's resource potential.
Regulatory Milestone Achieved
A significant regulatory update was recently achieved, strengthening the project's development trajectory. Colombian authorities officially updated land records, confirming that:
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The mineral resource area no longer overlaps with a forest reserve designated in 1984.
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This resolution provides clearer planning opportunities for Libero Copper, aligning with Colombia's mining regulations and sustainability goals.
With drilling progressing and regulatory hurdles cleared, Libero Copper is well-positioned to advance the Mocoa Project, unlocking further value in the copper sector.
For further details, see the full news release:
https://www.liberocopper.com/_resources/news/nr-20241112.pdf
Posted on behalf of Libero Copper & Gold Corp.