Libero Copper Closes Option to Acquire the BIG Red Porphyry Copper-GOLD Property IN the Golden Triangle
LIBERO COPPER CLOSES OPTION TO ACQUIRE THE BIG RED PORPHYRY
COPPER-GOLD PROPERTY IN THE GOLDEN TRIANGLE
February 1 1, 2019 – Libero Copper Corporation (TSX-V: LBC , OTCQB : LBCMF ) is pleased to
announce that the option agreement to acquire 100% of the Big Red porphyry copper-gold property in the
Golden Triangle in British Columbia, Canada (“Big Red”) announced on January 28, 2019 has closed.
Libero Copper may acquire 100% of Big Red in return for the issuance of 2,000,000 common shares of
Libero Copper and cash payments of $440,000 over four years (the “Option”). The vendors have retained
a 1% net smelter return royalty, 0.5% of which may be repurchased by Libero Copper at any time for $10
million.
About the Big Red Porphyry Copper-Gold Property
Big Red comprises 12 contiguous claims totalling 17,538 hectares in northwestern British Colombia, 45
kilometres southwest of Telegraph Creek (Figure 1). Big Red lies within the Golden Triangle 70 kilometres
north of Galore Creek and 80 kilometres west of GT Gold’s Tatogga discovery. Big Red is located 18
kilometres from paved highway with dirt roads extending to the claim block. This transaction represents
the first time that the entire project has been consolidated under one operator.
The Golden Triangle is a geological province of prod igious 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 porphyry centre to the
mineralization is centred on a distinct magnetic -high feature that coincides with a radiometric potassium
anomaly, copper, gold and molybdenum anomalies and a mapped Jurassic aged porphyry intrusion.
Libero Copper understands that previous work programs returned surface rock chip sample assays over
0.3% copper and 0.3 grams per tonne gold from the porphyry copper-gold target including results of up to
1% copper and 0.5 grams per tonne gold. Five kilometres to the west, 36 boulders of up to two metres in
diameter from an epithermal gold-silver target returned up to 252 grams per tonne gold with an average of
24 grams per tonne gold (Figure 2).
Due to the consolidation of this property and the numerous data packages that have to be combined Libero
Copper has embarked on a data compilation exercise that, when complete, will better illustrate the
properties potential and allow a work plan and drill targets to be developed. In addition to Big Red, Libero
Copper also controls two existing large tonnage copper deposits; Mocoa in Colombia and Tomichi in the
United States.
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The scientific and technical information included above with respect to Big Red has been provided to Libero
Copper by third party sources and has not been independently verified. Libero Copper cannot at this time
comment on or verify the key assumptions, parameters, and methods used to prepare the scientific and
technical information included above. There have not been any current or historical mineral resources
calculated on Big Red.
The technical information contained in this news release has been revi ewed and approved by Libero
Copper’s Executive Vice President of Exploration, Leo Hathaway P.Geo. , who is a Qualified Person as
defined under NI 43-101
About Libero Copper
Libero Copper is acquiring high -quality copper deposits with significant resources but without any fatal
flaws or significant holding costs and exceptional copper exploration properties in the Americas. These
assets are being advanced and de-risked by a seasoned team to minimize dilution and maximize shareholder
value. The portfolio currently includes the Big Red exploration project in Canada, the Tomichi deposit in
the United States and the Mocoa deposit in Colombia which both contain large inferred mineral resources.
In total the properties contain 7.9 billion pounds of copper and 1.1 billion pounds of molybdenum.
Additional Information
Ian Slater
Chief Executive Officer
+1 604 638 2545
liberocopper.com
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, and include but are not limited to
statements regarding any future exploration work done on Big Red and the potential results of such work .
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.