Libero Copper Completes Montclar Bridge, Supporting Expanded Exploration at Mocoa Porphyry Copper- Molybdenum Project, Colombia
LIBERO COPPER COMPLETES MONTCLAR BRIDGE, SUPPORTING
EXPANDED EXPLORATION AT MOCOA PORPHYRY COPPER-
MOLYBDENUM PROJECT, COLOMBIA
VANCOUVER, BC
,
Feb. 12, 2025
/CNW/ -
Libero Copper
& Gold Corporation (
TSXV: LBC) (OTCQB: LBCMF) (FRA: 29H) ("
Libero Copper
" or the
"
Company
"
)
is pleased to announce the completion of the Montclar Bridge, a pivotal infrastructure milestone at the Mocoa porphyry copper molybdenum project
in Putumayo,
Colombia
. Fully permitted prior to construction, the Montclar Bridge now serves as the final link in an access corridor that begins at Montclar and
extends 2,100 metres to the deposit area—a corridor that was fully rehabilitated during mobilization at the end of 2024.
Highlights
Cost-Reducing Infrastructure Achievement:
The fully permitted Montclar Bridge marks a critical milestone by providing safe, efficient ground access to the
deposit area—eliminating costly helicopter support and enhancing overall operational efficiency.
Strategic Community Partnership:
Co–designed with the local Montclar community—the last community at the start of the access corridor before the
uninhabited deposit area—the bridge was built to address shared economic development needs. It exemplifies a collaborative effort that delivers mutual
value, enhancing local connectivity and project efficiency.
Foundation for Expanded Exploration:
By streamlining the transport of drills and supplies, this access supports accelerating the 14,000–metre drilling
campaign and sets the stage for further exploration expansion.
"I'm proud to announce the completion of the Montclar Bridge—a milestone achieved through close collaboration with the Montclar community and a key
element of our Mocoa exploration and development strategy," said
Ian Harris
, President and CEO of
Libero Copper
. "This new access not only supports the
community's economic development and enhances our operational efficiency, but it also paves the way for expanded ground–based exploration. Our strong
partnership with Montclar has been essential to reaching this milestone, and it positions us well for the next phase of our drilling program."
New Montclar Walking Bridge
The design, planning, and construction of the new Montclar walking bridge were executed under the Mutual Benefit Agreement signed between Libero and the
local Montclar community
(see news release
November 29, 2022
) . Spanning approximately 60 metres in length and 2.5 metres in width, the bridge provides a
safe crossing over the Mocoa River for community members and ensures uninterrupted support for project operations (Figure 1). An efficient permitting process
by regional agencies facilitated its timely realization, reflecting a strong local commitment to sustainable resource development in Putumayo.
This jointly planned bridge not only supports the economic development of the Montclar community—the last settlement at the start of the access corridor—but
also enhances safety for personnel and equipment. Moreover, by enabling efficient, ground–based transport of drills and supplies (Figures 2 and 3), it eliminates
the need for costly helicopter support. The construction of the walking bridge exemplifies the core principles of the Mutual Benefit Agreement, ensuring both
community development and overall project success.
Figure 1 - New Montclar walking bridge. (CNW Group/Libero Copper & Gold Corporation)
Figure 2 - Man-portable drill rig motor taken up the hill at the Mocoa project (CNW Group/Libero Copper & Gold Corporation)
Figure 3 – Drill path improvements (CNW Group/Libero Copper & Gold Corporation)
About the Mocoa Porphyry Copper-Molybdenum Deposit
The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa.
Libero Copper's
district scale holdings cover over 1,000
km
2
through titles and applications, encompassing most of the Jurassic porphyry belt in southern
Colombia
. Mocoa was discovered in 1973 when the United
Nations and the Colombian government conducted a regional stream sediment geochemical survey. Between 1978 and 1983, an exploration program was carried
out that consisted of geological mapping, surface sampling, ground geophysics (IP, magnetics), 31 diamond drill holes totaling 18,321 metres and metallurgical
test work B2Gold subsequently executed diamond drill programs in 2008 and 2012.
The Mocoa deposit appears to be open in both directions along strike and at depth. Current work on the property has identified additional porphyry targets
including the possible expansion of known mineralization. The Mocoa deposit is situated in the Central Cordillera of
Colombia
, a 30-kilometre-wide tectonic belt
underlain by volcano-sedimentary, sedimentary and intrusive rocks that range in age from Triassic-Jurassic to Quaternary and by remnants of Paleozoic
metasediments and metamorphic rocks of Precambrian age. This belt hosts several other porphyry-copper deposits in
Ecuador
, such as Mirador, San Carlos,
Panantza and Solaris' Warintza. Copper-molybdenum mineralization is associated with dacite porphyry intrusions of the Middle Jurassic age that are emplaced
into andesitic and dacitic volcanics. The Mocoa porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper
central core of potassic alteration overlain by sericitization and surrounded by propylitization. Mineralization consists of disseminated chalcopyrite, molybdenite and
local bornite and chalcocite associated with multiphase veins, stockwork and hydrothermal breccias. The Mocoa deposit is roughly cylindrical, with a 600-metre
diameter. High-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres.
1
For further information refer to National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Technical Report, entitled
"Technical Report on the Mocoa Copper-Molybdenum Project,
Colombia
", dated
January 17, 2022
, prepared by Michael Rowland Brepsant, FAusIMM,
Robert Sim
About Libero Copper
Libero Copper
is led by a team with rare experience—having advanced projects from post-resource discovery to the path of construction, including some of the
few large copper projects built in the last 20 years. This real-world expertise drives
Libero Copper's
focus on relationships, responsibility, trust, and a relentless
commitment to sustainable progress.
At the core of Libero Copper's portfolio is the Mocoa copper-molybdenum porphyry deposit in Putumayo, Colombia—a cornerstone asset where the Company is
actively drilling. In a market increasingly hungry for new copper supply, Libero is focused on systematically expanding and de-risking Mocoa's resource base.
Now, with the Fiore Group's bold company-building vision behind it,
Libero Copper
is uniquely positioned to fill a crucial gap in the copper industry—advancing
large-scale projects toward construction. Through this approach,
Libero Copper
is committed to creating lasting value for all stakeholders while positioning itself at
the forefront of meeting the growing global demand for copper—the metal driving progress in the modern economy.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact,
including statements regarding the actual rock sample results will lead to significant mineralization, anticipated drilling and expected results, the resulting other
activities and achievements of the Company, including but are not limited to: the timing and success for the advancement of the Mocoa Project, are to be
considered forward looking. Although
Libero Copper
believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and volatility with the
Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production,
continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and
compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements
in
Colombia
, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that
such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation
to update any forward-looking statements.
SOURCE
Libero Copper
& Gold Corporation
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For further information:
Additional Information: Ian Harris, Chief Executive Officer, +1 604 294 9039, [email protected]; Tetiana Konstantynivska, Vice
President Investor Relations, +1 778 829 8455, [email protected]
CO: Libero Copper & Gold Corporation
CNW 07:30e 12-FEB-25