Libero Copper & Gold

Overview

Canada’s West Coast is becoming one of the world’s hottest exploration regions for copper and gold. Home to the renowned Golden Triangle of British Columbia, the area hosts some of the most resource-rich mineral deposits that have piqued the interest of investors globally.

The Golden Triangle is situated within the Sulphurets Hydrothermal System, known for its large mineral concentrations. Gold and copper estimated reserves hover around 188 million ounces and 55 billion pounds, respectively. With these inferred resources, British Columbia offers prospective mining companies exceptional discovery potential and exploration opportunities.

Libero Copper & Gold (TSXV:LBC) is a mineral exploration and development company focused on developing a collection of highly prospective porphyry deposits throughout the Americas. The company currently operates assets out of the prolific and stable Golden Triangle jurisdiction of British Columbia and can work year round in South America in the mining-friendly San Juan province of Argentina and Colombia.

The flagship Big Red project in British Columbia hosts 19 porphyry copper-gold and high-grade gold targets over its 26,000 hectare land span. Libero optioned the asset in 2019 after the project saw years of sampling on individual titles and consolidation in the mid-2010s.

Big Red could see similar mining and production success to neighboring GT Gold’s (TSXV:GTT) projects, which hosts a similarly aged geological profile and widespread copper and gold soil anomalies.

In December 2020, Libero confirmed a significant porphyry copper discovery at the deposit’s initial Terry target drill hole. The discovery saw grades of 0.45 percent copper equivalents over 24 meters from surface-level. “We are encouraged with the results from this first hole into the Terry target as it confirms our geological model for the area and is consistent with the copper grades discovered at surface earlier in the season,” Libero CEO Ian Slater commented. This hole was followed up in January with a further five holes all mineralized from surface to end of hole, including 0.41 percent copper equivalent over 120 meters from surface level. Depth of drilling was limited by the reverse circulation drill rig.

Another of the company’s projects is its Mocoa deposit located on the Jurassic porphyry belt in Central Colombia. The property has already seen a prefeasibility study conducted by the Colombian government and United Nations in 1983. Since then, extensive work has been performed on the property to advance this exciting mineral project towards economic success, including further drilling and metallurgical testing, including drilling 0.67 percent copper equivalent over 634 meters ending in high grade mineralization.

In January 2021, Libero announced its option for the Esperanza porphyry copper-gold and epithermal gold project located in the prolific precious and base metal-rich Huachi Mining district in San Juan Province, Argentina. This advanced-stage exploration project leverages excellent existing infrastructure and offers Libero extensive geological data and potential for fast-tracked drilling of an advanced exploration project.

The company’s market cap currently sits at C$20 million with 148 million shares outstanding. Its ownership portfolio includes management at 10 percent and B2Gold Corp (TSX:BTO) at 7 percent.

Libero Copper & Gold’s Company Highlights

• Libero Copper & Gold is a mineral exploration company focused on developing its highly- prospective mineral projects in North and South America. Fantastic available funding, drill-ready conditions and an experienced exploration team primes Libero for mining success.
• The company’s flagship projects are the Big Red project in British Columbia; the Esperanza project in San Juan, Argentina; and the Mocoa project in Central Colombia. All projects have seen extensive groundwork and some initial drilling, with Mocoa hosting a resource of 636 million tonnes at 0.45 percent copper equivalent.
• The Big Red asset leverages similar mining conditions to its direct geographic neighbors, including GT Gold. The property hosts 19 identified targets, including the Terry target with high conductivity and high grade copper rock samples over a kilometer.
• Libero currently holds a 100 percent interest in the Mocoa property and intends on unlocking the value of the enormous resource with ongoing permitting and community engagement. Similar projects in the same Jurassic porphyry belt include Corriente’s Mirador mine which was sold for $690 million and Solaris’ Waritza project which has a valuation of $600 million.
• The company optioned the Esperanza porphyry copper-gold and epithermal gold project in the mining-friendly Huachi Mining district, Argentina. The advanced stage project hosts multiple copper-gold drill targets and high-grade surface rock samples. The discovery hole included 1 percent copper equivalent from surface over 232 meters.