Libero Copper Provides Update ON Advances at the Esperanza Porphyry Project IN San Juan, Argentina
LIBERO COPPER PROVIDES UPDATE ON
ADVANCES AT THE ESPERANZA PORPHYRY
PROJECT IN SAN JUAN, ARGENTINA
VANCOUVER, BC
,
Dec. 14, 2022
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) is pleased to provide an update on its Esperanza porphyry copper-
gold project located in San Juan,
Argentina
, which is in the final steps of start-up and has the
support of the local community.
Libero representatives have built a strong relationship with the Minister of Mining of San Juan,
Argentina
,
Carlos Astudillo
. During several meetings, the local authorities and members of the
company reviewed the official report and developed ways to work together for a successful project
restart.
Photo 1: The Minister of Mining of San Juan, Ing. Carlos Astudillo, together with Guillermo Juárez,
Country Manager and Francisco Torti, Director of Corporate Relations, review the permits for
geological studies at the Esperanza project (CNW Group/Libero Copper & Gold Corporation.)
"We are excited about the collaborative working relationship that has been developed with the
Ministry of Mines and a shared interest in advancing the exploration in San Juan. This relationship
maximizes the participation of the local communities and San Juan businesses with the highest levels
of environmental oversite and excellence," comments
Ian Harris
, President & CEO. "Now that we are
in the final stages of restarting the project, we are very proud of the team's ability to create a
collaborative relationship with local stakeholders based on our core values of respect and
responsibility. These efforts form the basis of a mutually beneficial path forward for the project and
the community."
Another important milestone in the project permitting process was the recent site visit to the project
area with representatives from the Ministry of Mines of San Juan to confirm project conditions
before activity restart. The visit complimented the latest water quality work carried out by the
Institute of Hydraulic Investigation of the
National University
of San Juan for the water baseline
study.
Photo 2 – Representative of the Ministry of Mines, San Juan and the Libero team visiting the
Esperanza project site (CNW Group/Libero Copper & Gold Corporation.)
Strengthen Ties with the Local Community
Libero has been working with the residents close to its Esperanza project, strengthening the
relationship and looking forward to building sustainable benefits for Jáchal and San Juan that will
contribute to the energy transition and the environmental, social, economic and cultural development
of the San Juan province and
Argentina
.
Photo 3: Guillermo Juárez, Country Manager, meeting with local land owners (CNW Group/Libero
Copper & Gold Corporation.)
Photo 4: The Libero team meeting with authorities of the Association of Mining Service Providers of
Jáchal, San Juan (CNW Group/Libero Copper & Gold Corporation.)
Libero Copper
is holding regularly scheduled meetings with local land owners and local authorities,
who are looking forward to initiating geological studies at the project. In the preliminary review, the
company representatives provided an update on the progress associated with community relations
and residents that are interested in working with
Libero Copper
.
Libero Copper
is strongly commited
to defending climate change, the energy transition, environmental protection and especially clean
water.
About the Esperanza Porphyry Copper-Gold Deposit
Esperanza's porphyry copper-gold and epithermal gold project is located in the prolific precious and
base metal-endowed and mining-friendly Huachi Mining District, San Juan Province,
Argentina
. The
Esperanza project is at an average altitude of 3,150 meters above sea level, located about 45
kilometers from both Villa Mercedes and Angualasto in the Jachal department. There are no glacial
or periglacial landforms near the project.
Historically only 7,691 metres have been drilled on the project. In 2018, Latin Metals drilled two
holes targeting porphyry copper mineralization. In this drilling, hole
18-ESP
-25 returned 0.57% Cu,
0.27 g/t Au over 387 metres from surface to the end of the hole, including 0.74% Cu, 0.33 g/t Au
over the first 232 metres from surface. Hole
18-ESP
-27 returned 0.21% Cu, 0.12 g/t Au over 451.5
metres from surface to the end of the hole, including 0.43% Cu, 0.12 g/t Au over 24 metres from 86
to 110 metres. Refer to Latin Metals Inc., MD&A dated
October 31, 2018
(SEDAR). These holes
were never followed up on due to market conditions.
Esperanza is road accessible and contains multiple copper-gold drill targets supported by numerous
surface rock samples across a large alteration footprint. The project has a year-round drilling
season and drill permitting is underway. A 5,000 metre drill program is planned for 2023.
About
Libero Copper
Libero Copper
is unlocking the value of a collection of porphyry copper deposits throughout the
Americas in prolific and stable jurisdictions. The portfolio includes the Mocoa deposit in Putumayo,
Colombia
; Esperanza in San Juan,
Argentina
; and Big Red and Big Bulk in the Golden Triangle, BC,
Canada
. 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
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, 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.
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For further information:
Ian Harris, Chief Executive Officer, +1 604 294 9039,
[email protected]; Michelle Borromeo, VP Investor Relations, +1 604 715 6845,
CO: Libero Copper & Gold Corporation.
CNW 07:00e 14-DEC-22