Libero Commences Initial Exploration Drill Program at Big Red in the Golden Triangle
Libero Commences Initial Exploration Drill Program at Big Red in the Golden Triangle
VANCOUVER, British Columbia--(BUSINESS WIRE)--September 19, 2019--Libero Copper & Gold
Corporation (TSX-V: LBC, OTCQB: LBCMF) is pleased to announce receipt of a five year area based
exploration permit for the Big Red property in the Golden Triangle in British Columbia, Canada. The
permit includes both geophysics and surface drilling.
Libero is commencing an initial 2,000 metre six hole exploration program targeting both the Ridge and
Copper Bowl porphyry gold-copper targets. Libero will release drill results once received, compiled and
interpreted.
Libero recently announced a significant new gold discovery at Copper Bowl where five contiguous 50
metre continuous rock chip samples returned intervals of 2.91 grams per tonne gold over 250 metres
including 6.14 grams per tonne gold over 100 metres in two contiguous samples. (news release dated
September 5, 2019)
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
About the Big Red Porphyry Gold-Copper Property
Big Red comprises 20 contiguous claims totalling 26,000 hectares in northwestern British Colombia, 45
kilometres southwest of Telegraph Creek along the Glenora Road. Big Red lies within the Golden
Triangle 70 kilometres north of Galore Creek and 80 kilometres west of GT Gold’s Saddle discovery.
Please see Libero’s flickr site for photographs.
The Golden Triangle is a geological province of prodigious copper and gold 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 all three of these styles
exist, indicating that a large mineralised system has been preserved from erosion. The primary porphyry
gold-copper targets are peripheral to a distinct large magnetic-high feature and coincide with a
radiometric potassium anomaly, copper, gold and molybdenum anomalies and a mapped Jurassic aged
porphyry intrusion.
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 deposit in the United States and the Mocoa 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.
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.
Contacts
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com