Libero Commences Drill Program at Big Red
Libero Commences Drill Program at Big Red
VANCOUVER, BC
,
Aug. 10, 2020
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC),
(OTCQB: LBCMF), (DE: 29H) is pleased to announce that the exploration drill program has
commenced at the Big Red Project in the prolific Golden Triangle. The program will initially test the
Ridge and ME-18 targets where 2,800 metres are planned in 16 holes. Drilling has started at the
Ridge target.
Ridge is a kilometre-long high-grade gold target located to the south of the porphyry gold-copper
targets at Big Red coincident with a high-grade gold geochemical anomaly and a conductivity high.
ME-18 is a sheeted quartz vein high-grade gold target located on the periphery of a porphyry gold-
copper target.
The reverse circulation drill program is intended to rapidly, cost effectively and comprehensively test
these high-grade gold targets. On-site XRF analysis will analyze rock chip samples and drill core for
pathfinder elements to focus exploration in real-time.
About the Big Red Property
Big Red comprises 20 contiguous claims totalling 26,000 hectares in northwestern
British Columbia
,
45 kilometres southwest of
Telegraph Creek
along the Glenora Road. Big Red lies within the
Golden Triangle 70 kilometres north of Galore Creek and 100 kilometres west of
Red Chris
.
The Golden Triangle is a geological province of prodigious gold and copper mineralisation and host
to some of
Canada's
most famous mines, including Premier,
Red Chris
, Snip, Brucejack and
Eskay
Creek
. Within the Golden Triangle porphyry copper and gold, epithermal gold and silver and
volcanogenic massive sulfide styles of mineralisation have all been recognised. At Big Red porphyry
gold-copper targets are peripheral to a distinct large magnetic-high feature and coincide with a
radiometric potassium anomaly, copper, gold, silver and molybdenum anomalies and a mapped
Jurassic aged porphyry intrusion. Please see Libero's
flickr
site for photographs.
About
Libero Copper
& Gold
Libero holds a collection of porphyry deposits throughout the Americas in prolific but stable
jurisdictions. The portfolio includes both exploration properties such as Big Red, a new gold
discovery in the Golden Triangle,
Canada
, and high-quality deposits with significant resources but
without any fatal flaws or significant holding costs. The Tomichi copper deposit in
the United States
and the Mocoa copper deposit in
Colombia
, both contain large inferred mineral resources. In total,
the Mocoa and Tomichi properties contain 7.9 billion pounds of copper and 1.1 billion pounds of
molybdenum. These assets are being advanced by a highly disciplined and seasoned professional
team with successful track records of discovery, resource development, and permitting in the
Americas.
The technical information contained in this news release has been reviewed and approved by
Libero's Executive Vice President of Exploration,
Leo Hathaway P.Geo
., who is a Qualified Person
as defined under NI 43-101.
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, are to be considered
forward looking. Although the Company 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, exploitation and exploration successes,
continued availability of capital and financing, and general economic, market or business
conditions and regulatory and administrative approvals, processes and filing requirements. 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.
View original content:
http://www.newswire.ca/en/releases/archive/August2020/10/c1152.html
%SEDAR: 00027216E
For further information:
Ian Slater, Chief Executive Officer, +1 604 638 2545,
[email protected], liberocopper.com
CO: Libero Copper & Gold Corporation.
CNW 16:00e 10-AUG-20