Libero Copper & Gold Corporation (TSXV:LBC) has begun drilling at the Big Red project located 70 km north-northwest of the Galore Creek deposit in the golden triangle of northwest British Columbia, Canada.
A diamond drill programme of up to 5,000 metres is currently underway at Big Red which is designed to follow-up on the mineralisation at the Terry porphyry Cu-Au grass roots discovery. The current drill programme is designed to test a large, four by four by four-kilometre triangular shaped strong potassic radiometric response located immediately southeast of the Terry porphyry Cu-Au discovery, with coincidental magnetic anomalies and syenite porphyry outcrops that contain copper mineralisation on surface. Previous drill results from the Terry Zone include hole BR-20-23 which returned 0.34% Cu, 2.47 gpt Ag, 0.06 gpt Au over 120.4 metres (surface to EOH), including 0.41% Cu, 2.93 gpt Ag and 0.07 gpt Au over 70.1 metres from 3.0 to 73.1 metres and including 1.02% Cu, 7.23 g/t Ag, 0.11 g/t Au over 12.2 metres from 61.0 to 73.2 metres.
Higher-grade mineralisation intersected in the previous drilling typically occurs adjacent to east-west striking syenite porphyry dykes and a larger magnetic anomaly located east of Terry (interpreted as a polyphase porphyry intrusion) may represent the hydrothermal source for the Terry mineralisation.
Highlights:
• Drilling underway to test for the hydrothermal source of the Terry porphyry Cu-Au discovery
• Large four by four by four-kilometre triangular shaped area with strong potassic alteration immediately southeast of and continuous with the Terry porphyry Cu-Au discovery, with coincidental magnetic anomalies and syenite porphyry outcrops that contain copper mineralisation on surface (possible hydrothermal source area),
“We are very excited to be drill testing the potential hydrothermal source target areas identified by the team immediately adjacent to the Terry Porphyry Cu-Au discovery,” President and CEO, Ian Harris, said.
“Previous drilling has demonstrated the presence of a large mineralising system with copper mineralisation from surface to the bottom hole and elevated copper with grades in excess of 1% Cu over widths greater than 10 metres.
“Drilling will test the targeted hydrothermal source areas for significant thicknesses of highly elevated Cu-Au mineralisation and provide much needed geological information related to the mineralizing event and hydrothermal vectoring in the area. A Terraspec unit will be utilised to support mineral mapping and vectoring for drill core and surface samples.”
For further information please visit: https://www.liberocopper.com/
