Libero Copper Advances Mocoa Project with MD-045 Drill Hole
Monday, Jan 13, 2025 7:54 am ET
2min read Libero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) has made significant strides in its ongoing 14,000-metre exploration program at the Mocoa porphyry copper-molybdenum project in Putumayo, Colombia. The company's strategic growth plan for the Mocoa project includes expanding the resource, enhancing geological understanding, and testing new target areas. The MD-045 drill hole is a key component of this plan, designed to explore the western potential of the Mocoa deposit.
The MD-045 drill hole is part of the infill drilling component of the program, which focuses on refining the understanding of copper and molybdenum grade distribution in areas with wide drill spacing. This targeted drilling approach aims to test the deeper sections of the porphyry system below the existing pit-constrained initial Inferred mineral resource estimate at Mocoa. By doing so, the MD-045 drill hole, along with other infill drill holes, will help to confirm the high-grade cores and explore resource expansion in multiple directions, including the west.
The MD-045 drill hole is planned to strategically extend the overall mineral resource of the Mocoa project to the west, aligning with the identified plunge of the high-grade cores. This targeted drilling approach aims to explore and define additional mineralization that may exist beyond the current resource boundaries, offering the potential to increase the size and grade of the Mocoa deposit in the western direction.
In addition to the MD-045 drill hole, the 14,000-metre exploration program includes step-out drilling to test new target areas, such as Silencio, Neblina, and Piedralisa. These high-priority targets were identified through extensive fieldwork and recent airborne geophysical surveys, underscoring the potential for additional mineralization outside the known deposit area.
The ongoing exploration program at the Mocoa project is a testament to Libero Copper's commitment to advancing the project as a premier copper asset. By integrating drilling with extensive geologic, geophysical, and geochemical groundwork, the company aims to expand the resource and enhance the overall value of the Mocoa project.
As the MD-045 drill hole and other components of the 14,000-metre exploration program continue to provide valuable insights into the Mocoa deposit, investors can expect Libero Copper to build on its strategic growth plan and unlock the full potential of the Mocoa project. With a focus on resource expansion, geological understanding, and new target areas, the company is well-positioned to create value for shareholders in the long term.
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