Libero Strengthens Board and Management Team
Libero Strengthens Board and Management
Team
VANCOUVER, BC,
Jan. 25, 2021
/CNW/ -
Libero Copper & Gold Corporation
(TSXV: LBC)
(OTCQB: LBCMF) (DE: 29H) is pleased to announce the appointment of Mr.
Ian Harris
as President
& Chief Executive Officer and welcome Mr.
Ernest Mast
to the Board of Directors. Dr.
Thomas
Mumford
will manage Canadian exploration and
Ian Slater
will continue as Executive Chairman. The
Board of Directors currently consists of
Bill Bennet
,
Ernest Mast
,
Rob Pease
,
Ian Slater
and
Jay
Sujir
. Mr.
Brad Rourke
and Mr.
Ian Harris
have been nominated to stand for election at the upcoming
AGM and the board will be expanded to seven members.
"The appointments of Mr. Harris and Dr. Mumford to management and Mr. Mast and Mr. Rourke to
the board will be an immense help in unlocking the value of our projects, not only our new porphyry
discovery at Big Red, but also our Mocoa deposit," comments
Ian Slater
, Executive Chairman. "
Ian
Harris
was Senior VP and Country Manager of Corriente that advanced the Mirador mine in
Ecuador
and
Ernie Mast
was CEO of the Inmet subsidiary that advanced the Cobre Panama mine through
engineering and permitting to construction. These are the two closest operating open pit copper
mines to Mocoa and both executives overcame multiple obstacles to convert discovery to
production. The Mirador mine and Mocoa deposit are both in the same Jurassic porphyry belt. While
Brad Rourke
and
Thomas Mumford
have years of experience operating in the Golden Triangle and
strong roots in the local community which will provide many synergies for advancing our Big Red
discovery and recent Big Bulk acquisition."
Mr. Harris is a mining engineer and executive with over 20 years' experience in leading mining
projects. He has mining and management experience in over 20 countries, with a wide range of
mining methods, commodities, project phases and sizes, successfully advancing projects in some of
the most challenging environments. He is bilingual in Spanish and English. Previously, he was CEO of
AMAK Mining (first private operating mining company in
Saudi Arabia
) and Para Resources
(operating the El Limon mine in
Colombia
). Mr. Harris was also Senior Vice President and Country
Manager of Corriente Resources through feasibility, initial engineering and commencement of
construction at the Mirador mine in
Ecuador
. He successfully led the push to reactivate Corriente's
mining projects in
Ecuador
by successfully building national and local support and navigating through
a new constitution and a new mining law, leading to the sale of Corriente for
$690 million
.
Ernest Mast
, P. Eng, has 30 years' experience in the mining industry, across a wide range of
commodities, geographies and development stages. He is currently the President and CEO of Doré
Copper Mining and on the Board of Scottie Resources. Previously, Mr. Mast held the positions of
President and Chief Executive Officer at Primero Mining, Vice President of Corporate Development
at Copper Mountain Mining, Vice President of Operations at New Gold and President and CEO of
Minera Panama S.A., Inmet Mining's subsidiary, developing the
$6 billion
Cobre Panama copper
project. Mr. Mast began his career with Noranda where he took on roles of increasing responsibility
over a 20-year timeframe and spent the majority of his career in
Latin America
. Mr. Mast holds
Bachelors' and Masters' degrees in metallurgical engineering from
McGill University
. He also
received post-secondary business training at Henley College in the UK and at the Universidad
Catolica in
Chile
.
Brad Rourke
is a Corporate Finance Executive with 30 years' experience in Mining and Energy. Mr.
Rourke holds a proven track record with successful start-up companies. His leadership experience
and entrepreneurial approach have given new direction and scale to Scottie Resources efforts in the
Golden Triangle, where he serves as CEO. Mr. Rourke has deep roots in local communities with
many years' experience working in the north and with First Nations.
Dr. Mumford is a registered professional geologist with Engineers and Geoscientists -
British
Columbia
(EGBC). Dr. Mumford has served as a lecturer at
Carleton University
and the British
Columbia Institute of Technology. He holds a B.Sc. and M.Sc. from the
University of New Brunswick
and was awarded the Leopold Gélinas medal for the best M.Sc. thesis from the GAC Volcanology
and Igneous Petrology division. He also holds a Ph.D. from
Carleton University
focused on magmatic
controls for the Thor Lake REE deposit in the
Northwest Territories
. He has over 15 years'
experience in mineral exploration for multiple commodities across
Canada
. Dr. Mumford is currently
Vice President Exploration of Scottie Resources, and sits on the Board of Directors of the
Association for Mineral Exploration (AME).
Libero has granted 1,500,000 incentive stock options to new directors and officers pursuant to
Libero's stock option plan. The stock options are exercisable at a price of
$0.11
and will expire on
December 17, 2025
.
Big Bulk
Libero has optioned the Big Bulk porphyry copper-gold project located 50 km southeast of
Stewart,
BC
in the Golden Triangle. Big Bulk is a multiphase late Triassic intrusion hosted in
Hazelton
and
Stuhini volcanics and sediments analogous to Galore Creek and KSM. The project was initially
explored by Teck and Canadian Empire from 2001 to 2003. Drilling in 2003 intercepted 21 metres of
0.86% Cu and 0.4 g/t Au from a depth of 12 metres and 53 metres of 0.31% Cu and 0.2 g/t Au from
143 metres depth to end of hole, which was not followed up on. New interpretations indicate that the
target is a much larger calc-alkaline porphyry system tilted on its side with higher grade
mineralization in a discreet mineralized phase that was not targeted by historic drilling. Big Bulk is
fully permitted and drill ready with a 2,500 metre initial diamond drill program planned for the 2021
field season.
Option terms include
$625,000
in cash payments over five years (including
$50,000
paid for 2021) to
purchase 100% of the Big Bulk project for
$1,000,000
by
December 31, 2025
in cash or shares of
Libero.
About
Libero Copper
& Gold
Libero is unlocking the value of a collection of porphyry deposits throughout the Americas in prolific
and stable jurisdictions. The portfolio includes both Big Red, a new porphyry copper discovery in the
Golden Triangle,
Canada
, and the Mocoa porphyry copper-molybdenum deposit in
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.
The technical information contained in this news release has been reviewed and approved by Dr.
Thomas Mumford P.Geo
, President of Serac Exploration, 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.
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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,[email protected]
CO: Libero Copper & Gold Corporation.
CNW 05:01e 25-JAN-21