Libero Options the Esperanza Porphyry Copper-Gold Project - Drilling Includes 232 Metres of 1% Cueq from Surface

Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce that it has optioned the Esperanza porphyry copper-gold and epithermal gold project located in the prolific precious and base metal endowed and mining friendly Huachi Mining district, San Juan Province, Argentina . The advanced stage Esperanza exploration project is road accessible, contains multiple copper-gold drill targets supported by numerous high-grade surface rock samples across a large alteration footprint and numerous historical drill intercepts including 387 metres of 0.78% copper equivalent from surface through end of hole. An initial 5,000 metre drill program is planned for the second quarter.

Highlights

  • Drill ready porphyry copper-gold advanced exploration project in mining-friendly Huachi mining district, San Juan Province, Argentina .

  • Drill intercepts include 387 metres of 0.78% Cueq (0.57% Cu and 0.27g/t Au) (including 232 metres of 1% Cueq (0.74% Cu and 0.33 g/t Au)), starting at surface and open at depth and in all directions (Table 1, Plate 1).

  • Porphyry copper-gold mineralization exposed on surface with numerous high-grade surface rock samples (0.10% - 8.29% copper) associated with widespread quartz-sericite-pyrite, clay, and biotite alteration footprints (2.0 km by 1.2 km) identifying multiple untested porphyry and epithermal targets (Figures 2 and 3).

  • Confirmed copper-gold porphyry system juxtaposed with epithermal gold mineralization. High-grade epithermal gold zones with drill intercepts including 3 metres of 65 g/t Au and 7 metres of 4.7 g/t Au.

  • Initial 5,000 metre drill program planned for the second quarter.

"Esperanza adds another advanced stage copper-gold porphyry to the portfolio of Libero, in another mining-friendly jurisdiction known for major mining projects. We are very excited about this exceptional drill target as a 2018 drill program intercepted 387 metres of 0.78% copper equivalent from surface through to the end of hole, which was never followed up on due to market conditions," comments Ian Harris , Chief Executive Officer. "The project has a year-round drilling season and drill permitting is already underway. We are planning to be drilling by April, in advance of our summer drill programs in Canada at Big Red and Big Bulk."

Hole ID

From

To

Interval (m)

Cu (%)

Au (g/t)

CuEq (%)

Target

18-ESP-025

0.0

387.0

387.0

0.57

0.27

0.78

Porphyry

Including

0.0

232.0

232.0

0.74

0.33

1.00

06-HU-01

1.0

200.0

199.0

0.25

0.12

0.34

Porphyry

06-HU-02

2.0

355.1

353.1

0.35

0.18

0.49

Porphyry

Including

112.0

200.0

88.0

0.48

0.27

0.69

07-HU-05

6.0

254.5

248.5

0.26

0.17

0.39

Porphyry

Including

192.0

244.0

52.0

0.39

0.32

0.64

11-HU-18

54.0

61.0

7.0

-

4.73

-

Epithermal

11-HU-22*

52.0

55.0

3.0

-

65.07

-

Epithermal

Table 1: Select historical drill intercepts. Libero has not undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. Libero considers these historical drill results relevant as Libero will use this data as a guide to plan future exploration programs. Libero also considers the data to be reliable for these purposes, however, Libero's future exploration work will include verification of the data through drilling. *20% recovery over this interval – results may not reflect true width or mineralization grade. CuEq was calculated using US$1,850/oz gold and US$3.50/lb copper and does not consider metal recoveries.

Figure 1: Cross-section showing the location of drill hole 18-ESP-025 which includes 387 metres of 0.57% Cu and 0.27 g/t Au, starting at surface. Note: the cross-section line A-A(1) is shown on Figure 2. (CNW Group/Libero Copper & Gold Corporation.)

Figure 2: Rock samples (copper) and exploration targets (circled) at Esperanza. (CNW Group/Libero Copper & Gold Corporation.)

Figure 3: Rock samples (gold) and exploration targets (circled) at Esperanza. (CNW Group/Libero Copper & Gold Corporation.)

Plate 1: Core photographs from drill hole 18-ESP-025, which intersected 387 metres grading 0.57% Cu and 0.27 g/t Au. Mineralization was intersected at surface and is open at depth. Photographs show intense potassic alteration; quartz-chalcopyrite vein stockwork, K-feldspar and secondary biotite. (CNW Group/Libero Copper & Gold Corporation.)

The Esperanza project lies within the pre-cordillera tectonostratigraphic belt of northern Argentina , in a region dominated by Paleozoic to Lower Mesozoic sedimentary and volcanic rocks. At Esperanza, these rocks are cut by the Cretaceous or Tertiary sub-volcanic stocks and dykes known as the Huachi Intrusions. Mineralization at Esperanza is centered on a large and intense porphyry-style alteration footprint exposed over a 2 km by 1.2 km area where copper and gold mineralization is associated with hypabyssal feldspar porphyry intrusions, an early phase of the Huachi Intrusions (Figures 2 and 3). At Esperanza epithermal gold mineralization and porphyry copper-gold mineralization occur together, which suggests overprinting of the two styles, and thus increases the potential for high-grades. Porphyry-style copper mineralization consists of dissemination and fracture fill chalcopyrite with subordinate magnetite and pyrite within a broad potassic alteration envelope. Historical exploration includes diamond drilling, rock and silt sampling, IP, and magnetic geophysics. Rock sampling at surface has defined copper and gold mineralization over much of the project.

Drill hole 18-ESP -025, completed by Latin Metals in 2018, returned the best results to date with 387 metres grading 0.57% copper and 0.27 g/t gold from surface through end of hole (Table 1, Plate 1). This hole was not followed up on due to market conditions. Mineralization is open at depth and laterally, with priority targets located west and south. There are multiple drill-ready, untested targets. A 5,000 metre drill program is planned for the second quarter. Esperanza is road accessible and located at an elevation of only 3,200 metres in mining-friendly San Juan Province, Argentina.

Libero has entered into an option agreement with Latin Metals Inc. to earn-in to 70% of the Esperanza project by assuming the underlying option payments to the original project vendors and incurring $2 million in exploration expenditures by December 15, 2022 . Upon the exercise of the option, Libero and Latin Metals will form a 70/30 joint venture for the continued exploration and development of the project.

Date

Cash Payments
(USD)

Exploration Expenditures

(USD)

June 15, 2021

$300,000


December 15, 2021

$750,000

$1,000,000

December 15, 2022

$1,353,000

$1,000,000

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 the Mocoa 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.

Libero Copper & Gold Corporation (CNW Group/Libero Copper & Gold Corporation.)

SOURCE Libero Copper & Gold Corporation.

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Finlay Minerals stakes the JJB Property - within the Bear Lake Corridor of British Columbia

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

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References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

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Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay 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 forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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