Ibero Mining's Deep Undercut Drill Hole Yields Promising Results at Miguel Vacas Mine

Ibero Mining Corp. has announced encouraging results from its deep undercut drill hole at the Miguel Vacas Copper Mine in Portugal, confirming significant depth extensions of known mineralization. Drill hole number 11 intersected a total of 19.9 meters grading 0.89% copper, with notable high-grade sections of 5.0 meters at 1.35% Cu and 6.2 meters at 1.11% Cu. This discovery is expected to enhance the resource base and offers considerable potential for future exploration work.

With all eleven drill holes completed as part of their campaign, Ibero reports consistent success across several holes. Highlights include Hole #1’s 22.8 meters grading 2.76% Cu and additional significant grades from holes #3, #4, #8, and #9. This drilling has confirmed that the mineralized zones extend beyond a 2km strike length, with only a fraction explored so far. The company is gearing up for a second phase of drilling, set to commence in early 2025, aiming to refine the resource calculations and expand both the strike and depth penetration of their existing findings.

CEO Karim Rayani emphasized the strategic importance of these results, indicating that modern drilling techniques, particularly the use of the triple tube TRIPLEX system, have enhanced data quality and recovery rates. The overall target potential from this site is projected at over 20 million tons of copper, with aggressive exploration plans ahead to better define the extent of the mineralization.

Ibero Mining Corp is focused on mineral exploration within Europe, specifically its properties in the Alentejo region of Portugal, reaffirming the Miguel Vacas prospect as a critical asset in their portfolio.



Ibero Mining's recent drilling results from the Miguel Vacas Mine indicate a significant expansion of the known mineralization, with drill hole #11 intersecting 19.9 meters grading 0.89% copper, including high-grade sections of 5.0 meters at 1.35% Cu and 6.2 meters at 1.11% Cu. This discovery is expected to enhance the resource base and offers considerable potential for future exploration work. With all eleven drill holes completed, the company reports consistent success across several holes, confirming that the mineralized zones extend beyond a 2km strike length. Ibero is gearing up for a second phase of drilling in early 2025, aiming to refine resource calculations and expand both the strike and depth penetration of their existing findings. The overall target potential from this site is projected at over 20 million tons of copper, with aggressive exploration plans ahead to better define the extent of the mineralization.