Libero Copper & Gold Corporation (TSXV:LBC) has identified a large two kilometre long by 800 – 1,000 metre wide multi-element soil geochemical anomaly coincidental with the Mocoa porphyry copper-molybdenum deposit located in Putumayo, Colombia.
This significantly expands the footprint and potential size of the deposit outside of the forest reserve in areas that have not been previously drilled.
Highlights:
• Two kilometre by 800-1,000 metre copper – molybdenum soil geochemical coincidental with and expanding the potential of the Mocoa copper-molybdenum deposit outside of the forestry reserve.
• The soil geochemical anomaly extends more than 500 metres north and 500 metres south of the area previously drill tested.
• Elevated copper in soil samples extends for an additional 2 kilometres south of the main copper-molybdenum soil anomaly.
• Elevated levels of zinc and lead in soil samples occur marginal to the main copper-molybdenum soil anomaly and is coincidental with previously identified porphyry targets, which may represent mineral zonation to productive additional porphyry systems at depth.
• Libero Copper previously identified nine additional porphyry targets in the area (possible clustered porphyry system) supported by geophysics and rock sample geochemistry. The ongoing field program is now collecting soil samples over these additional porphyry targets.
“Following the initial exceptional results from the maiden drill programme, Libero Copper continues to expand and refine the target areas surrounding the Mocoa deposit,” President and CEO, Ian Harris, said.
“These initial soil geochemical results support the potential to significantly expand the resource beyond the area currently drilled at the Mocoa deposit. We look forward to continuing the field programme with emphasis on systematic evaluation and confirmation of the other targets in the claim area.
“Libero Copper and the project team have received strong support from the local communities, municipalities, and various government agencies, and we look forward to strengthening these relationships as the project advances.”
Elevated levels of copper and molybdenum extend more than 500 metres to the north and south along a ridge line beyond the limits of the current Mocoa deposit resource area. Elevated molybdenum values also occur more than two kilometres south of the Mocoa deposit and are coincidental with a suspected productive porphyry centre in this area.
A second zone, identified in historic soil sampling data, is located along a subparallel ridgeline approximately 1 kilometre east of the Mocoa deposit. This zone contains elevated copper values and is similar in size to the anomaly coincidental with the Mocoa deposit. This large copper geochemical anomaly only has one historic drillhole along is southern limit and requires additional follow-up to confirm the geology and identify suitable locations for drilling.
The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa. Libero Copper’s district scale holdings cover over 1,000 sq. km encompassing most of the Jurassic porphyry belt in southern Colombia.
For further information please visit: https://www.liberocopper.com/
