Libero Meets Minister of Mines & Energy and President of the National Mining Agency to Jointly Discuss the Development of the Strategic Mocoa Copper Project BOGOTÁ, Colombia ,
Libero Meets Minister of Mines & Energy and
President of the National Mining Agency to
Jointly Discuss the Development of the
Strategic Mocoa Copper Project
BOGOTÁ,
Colombia
,
July 7, 2021
/CNW/ -
Libero Copper
& Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) is pleased to announce that
Ian Harris
, President & CEO, met in-
person with the Minister of Energy & Mines of
Colombia
(MinEnergia),
Diego Mesa Puyo
, and the
President of the National Mining Agency of
Colombia
(ANM), Juan Miguel Durán Prieto, to discuss
cooperation on matters of common interest at the Mocoa porphyry copper project; particularly, with
respect to the restart of exploration and the development timeline of a project strategic to the plans
of
Colombia
to diversify the mining sector to copper, transition to sustainable energy and the
reactivation of the economy. During the meeting,
Ian Harris
highlighted the incorporation of
employment and training programs to support the needs of local communities and emphasized the
importance of technology transfer to support local suppliers.
The Minister of Mines and Energy of
Colombia
,
Diego Mesa Puyo
, stated: "Copper is a key mineral
for the Colombian mining diversification. Based on our potential, we are working to develop copper
projects by promoting exploration with high technical, environmental and social standards.
Colombia
is also aiming to contribute to the energy transition, in which we are committed as a country and
leading in the Latin American region. Libero's presence shows the Colombia´s mining attractiveness
and is one of the companies involved in our exploration agenda, ExploraCO."
President of the National Mining Agency, Juan Miguel Durán Prieto, expressed great enthusiasm in
transparent and innovative changes companies like Libero bring to the mining sector: "It was with
great pleasure to hear Libero's commitment to
Colombia
. As the National Government strives to
make
Colombia
the primary destination for mining investment in
South America
, Libero increases our
confidence in reaching the goal within a short period of time. We have been working to increase the
efficiency and responsiveness of our internal processes to get administrative processes moving
forward. In the past year, we have reduced our response time to just 90 days. We continue to push
for responsible exploration and we believe that with the new upcoming projects, millions of
Colombians will achieve a better and more sustainable future."
President & CEO of Libero,
Ian Harris
, commented: "I share everyone's enthusiasm felt today. We
are getting back to business in
Colombia
with in-person meetings to be able to 'mostrar nuestras
caras' (show our faces). It was the best platform for demonstrating our commitment to advance the
Mocoa porphyry copper project responsibly and collaboratively. We would like to thank both the
MinEnergia and the ANM for not just providing the time for us to present our project and share our
operating philosophy, but also for the level of support in expediting the strategic project. With the
current resource of 4.6 billion pounds of pure copper, Mocoa contains the largest copper resource in
Colombia
. We are up to the challenge of achieving the goal of
Colombia
to become the third largest
copper producer in
South America
and supports its vision of transforming the energy sector based
on renewable energy. We look forward to working together with
Colombia
to restart exploration
activities at Mocoa as soon as possible, pushing the project forward with a focus on project
advancement, while maximizing the benefits and minimizing the impacts for our neighbours and their
environment."
About Mocoa
The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of
Mocoa. It was discovered in 1973 when the United Nations (UN) and the Colombian government
conducted a regional stream 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 cumulating in a
positive pre-feasibility study. B2Gold subsequently executed diamond drill programs in 2008 and
2012.
A pit-constrained resource at Mocoa (using
$3
per pound copper) contains 636 million tonnes of
0.45% copper equivalent at 0.25% cut-off containing 4.6 billion pounds of copper and 511 million
pounds of molybdenum. Mocoa is open in both directions, along strike and at depth. Additional
porphyry surface targets have been identified and are drill ready. Currently, value is being unlocked
with community engagement and drill permitting.
About
Libero Copper
& Gold
Libero is unlocking the value of a collection of porphyry copper deposits throughout the Americas in
prolific and stable jurisdictions. The portfolio includes Big Red (a new grassroots discovery) and Big
Bulk in the Golden Triangle,
Canada
; Esperanza in San Juan,
Argentina
; and Mocoa in Putumayo,
Colombia
. 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.
SOURCE
Libero Copper
& Gold Corporation.
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For further information:
Ian Harris, Chief Executive Officer, +1 604 294 9039,
[email protected]; Tetiana Konstantynivska, Investor Relations, +1 778 372 0179,
CO: Libero Copper & Gold Corporation.
CNW 08:00e 07-JUL-21