Surface Sampling Success In Golden Triangle
Libero Copper & Gold Corporation(TSXV: LBC) has received high-grade copper assays from recent surface grab sampling at the Terry porphyry copper-gold target at the Big Red Project in the Golden Triangle of British Columbia.
In addition, 3,500 metres of Reverse Circulation (RC) reconnaissance drilling were completed in 24 holes at the Ridge, ME18 and Terry targets with all assays from ME18 and Terry pending and expected in January.
Highlights:
- Terry area samples returned up to 1.03% copper and 0.5 g/t gold from 17 samples taken from feldspar porphyry dike swarms
- Three metres of 4.9 grams per tonne gold intercepted in drilling at the Ridge target
Terry has been mapped to date over an area of approximately 300 metres by 200 metres where generally east-west trending feldspar porphyry monzonitic dike swarms intruded into intermediate volcanics.
Within the dikes and in contact zones, disseminated pyrite and chalcopyrite mineralization is associated with chlorite alteration. A total of 585 metres in six RC holes (holes 22-27), were drilled at Terry, including holes 22 (24 metres) and 26 (7 metres) which were abandoned due to poor ground and re-drilled.
Chalcopyrite was logged in all holes and anomalous copper was detected by on site XRF analysis of RC chip samples over tens of metres in each hole (except the two abandoned holes in which anomalous copper was detected throughout).
Assays are pending and expected in January. Terry is located at a lower elevation of 760 metres allowing a longer field season. The 2021 follow up drill programme utilising core rigs is planned to commence in June.
Big Red is a 26,000 hectare district with both gold and copper targets being drilled for the first time. Big Red is located 45 km southwest of Telegraph Creek along the Barrington Road, 70 km north of Galore Creek and 100 km west of Red Chris in the Golden Triangle, of north-western British Columbia, Canada. The project has both road access and an airstrip.
The Golden Triangle is a geological province of prodigious gold and copper mineralisation and host to some of Canada’s most famous mines, including Premier, Red Chris, Snip, Brucejack and Eskay Creek.
At Big Red porphyry gold-copper targets are peripheral to a distinct large magnetic-high feature and coincide with a radiometric potassium anomaly, copper, gold, silver and molybdenum geochemical anomalies and a mapped Jurassic aged porphyry intrusion.
