Libero Copper Announces Commencement of Field Work at the Big Red Gold Copper Property in the Golden Triangle
08 Julho 2019 - 12:55PM
Libero Copper Corporation (TSX-V: LBC, OTCQB:
LBCMF) is pleased to announce that soil sampling, rock
chip sampling and geological mapping has commenced at the Big Red
property in the Golden Triangle in British Columbia, Canada in
order to delineate drill targets for this drill season. The
work program is initially focused on the Ridge epithermal gold
target and the Copper Bowl porphyry copper-gold target.
About the Big Red Porphyry Gold Copper
Property
Big Red comprises 20 contiguous claims totalling
26,000 hectares in northwestern British Columbia, 45 kilometres
southwest of Telegraph Creek. Big Red lies within the Golden
Triangle 70 kilometres north of Galore Creek and 80 kilometres west
of GT Gold’s Saddle discovery. Big Red is located 18
kilometres from paved highway with dirt roads extending to the
claim block.
The Golden Triangle is a geological province of
prodigious copper and gold mineralisation and host to some of
Canada’s most famous mines, including Premier, Red Chris, Snip,
Brucejack and Eskay Creek. Within the Golden Triangle, porphyry
copper and gold, epithermal gold and silver, and volcanogenic
massive sulfide styles of mineralisation have all been recognised.
At Big Red all three of these styles exist, indicating that a
large mineralised system has been preserved from erosion. The
primary porphyry copper targets are centred on a distinct large
magnetic-high feature that coincides with a radiometric potassium
anomaly, copper, gold and molybdenum anomalies, and a mapped
Jurassic aged porphyry intrusion. Epithermal gold targets lie
to the south and west, including the Ridge target to the south and
the Poker target to the west of the porphyry centre.
The technical information contained in this news
release has been reviewed and approved by Libero Copper’s Executive
Vice President of Exploration, Leo Hathaway P.Geo., who is a
Qualified Person as defined under NI 43-101.
About Libero Copper
Libero Copper is acquiring high-quality copper
deposits with significant resources but without any fatal flaws or
significant holding costs, and exceptional copper exploration
properties in the Americas. These assets are being advanced
and de-risked by a seasoned team to minimize dilution and maximize
shareholder value. The portfolio currently includes the Big
Red exploration project in Canada, the Tomichi deposit in the
United States and the Mocoa deposit in Colombia, which both contain
large inferred mineral resources. In total, the properties
contain 7.9 billion pounds of copper and 1.1 billion pounds of
molybdenum.
Additional Information
Ian SlaterChief Executive Officer+1 604 638
2545info@liberocopper.comliberocopper.com
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, and
include but are not limited to statements regarding any future
exploration work done on Big Red and the potential results of such
work. 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.
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