The outlook for copper remains robust, with demand surging due to the global energy transition and economic measures such as China’s stimulus policies.
Investment banks like Goldman Sachs project higher copper prices, driven by increased demand and strategic government programs.
This backdrop positions Libero Copper & Gold Corp. (LBC.v LBCMF) well as it advances its Mocoa porphyry copper-molybdenum project in southern Colombia.
Libero Copper recently shared significant progress on its ambitious 14,000m drill program at the Mocoa porphyry copper-molybdenum project in southern Colombia.
As detailed in a new article by Streetwise Reports, this extensive exploration effort is a key part of Libero Copper's strategy to expand its resource base and deepen its geological understanding of the project, which is located in Colombia's prolific Jurassic Copper Belt.
The Mocoa project spans a north-south strike length of 1,000m and a width of 600m, reaching depths up to 900m.
This phase of drilling builds upon over two years of preparatory work, including geological modeling and soil geochemical studies.
High-priority targets include areas such as Silencio, Neblina, and Piedralisa, identified for their potential due to soil anomalies suggesting further mineralization.
Libero's current plans include optimizing environmental practices by utilizing existing drill pads and implementing a rainwater collection system to reduce reliance on external water sources.
CEO Ian Harris described this initiative as a substantial step forward, adding “50% more drilling than all previous work at Mocoa”.
The program’s success could position Mocoa as a key copper resource, especially given the heightened global demand for copper fueled by sectors like clean energy and electric vehicles.
According to Streetwise Reports, expert opinions like that of Malcolm Shaw from Hydra Capital and Clive Maund suggest that Libero Copper’s strategic moves and resource expansion efforts could enhance its market valuation.
Shaw highlighted the potential for Libero to become a “multi-bagger,” noting its growth momentum, supported by significant investment from prolific mining investor Frank Giustra.
The current strong market conditions, paired with Libero Copper’s focused efforts in Colombia, underscore the company's potential for significant future gains as it progresses with its comprehensive drilling plan.
Full article here:
https://www.streetwisereports.com/article/2024/11/12/extensive-drill-program-aims-to-unlock-new-copper-and-molybdenum-zones-in-southern-colombia.html
Posted on behalf of Libero Copper & Gold Corp.