IWA Note:
Libero recently put some news out on Big Red.
This recent news highlights the potential for a major copper deposit right here in BC.
In addition to this, investors should really pay attention to the hidden value of Mocoa.
This is a real gem of an asset and investors with a keen eye for copper should take a close look.
IWA recently spoke with Libero about this asset in Colombia.
“Boots on the ground exploration work at Mocoa has officially begun. The exploration team is working diligently to gain a deeper understanding of the deposit. Having advanced the geological model through detailed re-logging of existing core, fieldwork is now required to ensure our upcoming drilling program is a success. The speed at which a collaborative environment with local communities has been established speaks volumes for the professionalism of each member of the Colombian team and their commitment to the company’s core values of respect, responsibility, and our Good Neighbor operating philosophy,” comments Ian Harris, President & CEO. “The dedicated effort of meaningfully connecting with our communities is now adding value to the project through exploration. We cannot understate our excitement to further demonstrate our commitment to maximize local benefit through actions, transparency and the incorporation of local knowledge into work plans.”
Libero Copper drills 118 m of 0.33% CuEq at Big Red
WHY COPPER?
Copper is a fundamental part of life today and an indispensable part of the future. It is an essential component in the computers, servers, tablets, and smartphones that keep people connected. And as the world transitions away from carbon-based infrastructure to electric vehicles and renewable power, demand for copper – already among the most heavily consumed metals in the world – is only going to grow. The typical battery-powered electric vehicle, for example, requires approximately four times more copper than a conventional internal combustion engine vehicle.
Copper helped usher in modern civilization thousands of years ago and has been contributing to the advancement of humankind ever since. It is affordable, adaptable and ever present – an essential and necessary part of modern life today and tomorrow.
WHY LIBERO?
LIBERO is deeply undervalued in our view.
Libero Copper & Gold is a mineral exploration company that holds a collection of porphyry copper deposits throughout the Americas in prolific but stable jurisdictions. The portfolio includes Big Bulk, Big Red, Esperanza, and Mocoa.
Big Bulk is a porphyry copper-gold target located 50 kilometres southeast of Stewart, British Columbia, Canada. Big Bulk is fully permitted and drill ready. The initial 2,000 metre diamond drill program will commence in the summer 2021.
Big Red is a new porphyry copper-gold discovery in the Golden Triangle, British Columbia, Canada — a geological province famous for its prodigious gold and copper mineralization. The initial drill program was completed during the 2020 field season resulting in the Terry discovery. Four holes were drilled at the end of the season and each of the holes was mineralized from surface to end of hole. A 5,000-metre diamond drill program is planned for the 2021 field season to test the target at depth and step out.
Esperanza is a porphyry copper-gold and epithermal gold project located in the prolific precious and base metal endowed Huachi mining district, San Juan Province, Argentina. In 2018, the 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. A 5,000-metre drill program will start in spring 2021.
Mocoa is a porphyry copper-molybdenum deposit located in Putumayo, Colombia in the Jurassic porphyry belt which extends through Ecuador and Colombia including the Mirador mine and Waritza deposit. A pit-constrained resource at Mocoa contains 636 million tonnes of 0.45% copper equivalent at 0.25% cut-off containing 4.6 billion pounds of copper and 511 million pounds of molybdenum. Mocoa is open both directions, along strike and at depth. Additional porphyry surface targets have been identified and are drill ready. Currently, the value is being unlocked with community engagement and drill permitting.
Libero Copper & Gold assets are advanced by a highly disciplined and seasoned professional team with successful track records of discovery, resource development, and permitting in the Americas.
IWA is a shareholder of Libero Copper
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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