Libero Mining Announces Tomichi Copper Deposit Resource Estimate of 711 Million Tonnes at 0.33 percent Copper Equivalent

Libero Mining Corporation (TSXV:LBC) is pleased to announce that it has completed a resource estimate on the Tomichi porphyry copper-molybdenum deposit (‘Tomichi’) in Colorado. The report is entitled “NI 43-101 Updated Technical Report for the Tomichi Copper-Molybdenum Project Gunnison County, Colorado”, authored by Gault Group, LLC, dated effective March 1, 2017 and will be filed on sedar.com within 45 days.
As quoted in the press release:

The Tomichi deposit contains an Inferred mineral resource estimated at 711 million tonnes at a grade of 0.21% copper, 0.035% molybdenum, 0.017 g/t gold, 2.0 g/t silver and 0.22 g/t rhenium containing 3.3Blbs copper, 555Mlbs molybdenum, 393koz gold, 46Moz silver and 339klbs of rhenium. The resource exhibits reasonable prospects for eventual economic extraction using open pit mining methods. Table 1 shows the sensitivity of the resource, listed at a variety of cut-off grades for comparison purposes, contained inside a resource limiting pit shell that has been generated based on a copper price of $3/lb and a molybdenum price of $10/lb. The base case resource assumes a cut-off grade of 0.25% copper equivalent. The copper equivalent number only includes molybdenum and excludes gold, silver and rhenium as older drill holes were not assayed for those minerals.

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