LIBERO COPPER MOBILIZES FOR EXPLORATION AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM DEPOSIT
Upcoming drilling to follow up on MD-043 that intersected 1,228.5 metres averaging CuEq* of 0.58%, including 840.3 metres of 0.72% CuEq*
Highlights
- Upcoming 14,000-Metre drill program : the team is in the final stages of planning a 14,000-metre drill program for Q4-2024 through H1-2025 focused on infill, resources expansion, and testing of new targets.
- Resource expansion and follow -up of drill hole MD-043: upcoming drilling will focus on follow-up of i) the high-grade core of MD-043 that intercepted 250.8m at 1.12% copper equivalent (CuEq*) [0.74% copper (Cu) and 0.114% molybdenum (Mo) and ii) a 2 kilometre by 800-1,000 metre copper-molybdenum soil anomaly surrounding the resource area.
-
Field program work: Fieldwork will focus on prioritizing and preparing for drill tests on nine additional porphyry targets identified in the area, supported by geophysical data and geochemistry of rock samples (see news release
May 03 , 2022).
"We're at an exciting milestone at the Mocoa Porphyry Copper-Molybdenum Deposit, built on a foundation of extensive geological work and strong relationships. We are preparing to follow up on the impressive copper intersections from MD-043. Detailed fieldwork has only reinforced what we believed all along: Mocoa Deposit holds immense potential," comments
Mobilization Activities
Significant preparatory activities are currently underway, including the hiring of key personnel (see photo 1), ensuring the camp is fully equipped and operational, maintenance and testing of the first drill rig already on site, securing rain water supply, and reopening vital access routes to the exploration camp and drill sites. These routes provide crucial access for personnel and supplies, minimizing operational costs by eliminating the need for helicopter support.
Mobilization and preparations are expected to be completed in the coming weeks.
Additionally, construction of a new walking bridge, providing vital access to Montclar, has begun. This project was developed in collaboration with the Montclar community under a mutual benefits agreement signed in
Drillhole MD-043
The next phase of exploration at the Mocoa Porphyry Copper-Molybdenum Deposit will focus on following up the significant results from drill hole MD-043, which intercepted 1,228.5 metres averaging CuEq* of 0.58%, including 840.3 metres of 0.72% CuEq* (see new release
Table 1 – Released results from drill hole MD-043.
MD - 043 |
From |
To |
Interval |
Cu |
Mo |
CuEq * |
m |
m |
m |
% |
% |
% |
|
|
7.0 |
1235.5 |
1228.5 |
0.42 |
0.047 |
0.58 |
incl. |
108.1 |
948.4 |
840.3 |
0.52 |
0.062 |
0.72 |
and incl. |
139.6 |
390.4 |
250.8 |
0.74 |
0.114 |
1.12 |
And, and incl. |
265.3 |
295.9 |
30.6 |
1.30 |
0.184 |
1.92 |
And, and incl. |
361.9 |
390.4 |
28.5 |
1.30 |
0.093 |
1.61 |
incl. |
484.9 |
664.9 |
180.0 |
0.74 |
0.078 |
1.00 |
* |
This program will build on extensive fieldwork already completed, including a 2-kilometre by 800-1,000-metre multi-element soil geochemical anomaly identified south of the resource area (see news release
National Mining Congress Recognition
At the 2024
- Reputation in Mining Municipalities: Ranked 12th, the highest-ranking exploration company on the list.
- Reputation with Government Authorities: Ranked 13th, the second-highest exploration company after AngloGold Ashanti.
This recognition not only validates Libero Copper's efforts to build lasting relationships with local communities and government authorities but also underscores the solid foundation necessary for advancing a project of Mocoa Porphyry Copper-Molybdenum Deposit's importance. The company's strong reputation has been a crucial factor in preparing to move the project forward, ensuring alignment with all stakeholders and a commitment to responsible development.
Qualified Person
About the Mocoa Porphyry Copper-Molybdenum Deposit
The Mocoa Deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa.
A pit constrained inferred resource1 at Mocoa contains 636 million tonnes of 0.45% copper equivalent (0.33% Cu and 0.036% Mo) generated using
The Mocoa Deposit is situated in the Central Cordillera of
Copper-molybdenum mineralization is associated with dacite porphyry intrusions of the Middle Jurassic age that are emplaced into andesitic and dacitic volcanics. The Mocoa porphyry system exhibits a classical zonal pattern of hydrothermal alteration and mineralization, with a deeper central core of potassic alteration overlain by sericitization and surrounded by propylitization. Mineralization consists of disseminated chalcopyrite, molybdenite and local bornite and chalcocite associated with multiphase veins, stockwork and hydrothermal breccias. The Mocoa Deposit is roughly cylindrical, with a 600 metre diameter. High-grade copper-molybdenum mineralization continues to depths in excess of 1,000 metres.
About
At the core of Libero's portfolio is the Mocoa copper-molybdenum porphyry deposit in Putumayo,
Now, with the
¹NI-43-101 Technical Report titled "
Neither the
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