Libero Copper Corp. (LBC:TSX.V:, LBCMF:OTCQB ) announced in a news release that it identified another gold-copper target on its Big Red project through digitizing and analyzing historical asset data. The company also added 3,041 hectares of new claims to this Golden Triangle porphyry project, taking the total to 20,579 hectares.
The new target, called Ridge, sits to the south of the primary target. There, a coincident gold-copper soil anomaly extends 3 kilometers (3 km) from east to west and 2 km from north to south and remains open to the east and west. Gold grades in this outcrop area from soil samples go up to 25 grams per ton (25 g/t) and in historical rock chip samples, are as high as 29 g/t.
"Although comprising more widely spaced samples, the soil anomaly at Ridge is remarkably similar to that explored by GT Gold, where epithermal gold and porphyry copper-gold deposits were discovered by subsequent drilling at Saddle South and Saddle North respectively," Leo Hathaway, executive vice president of exploration, said in the release.
The next step for Libero, which it intends to undertake soon, is to finish infill soil sampling lines and geological mapping at Ridge to confirm drill targets.
Along with Ridge, Libero identified many other additional targets as well. One is Poker, where rock chip samples from 36 large angular quartz vein boulders returned gold grades up to 252 g/t and silver grades up to 35 g/t.
The work Libero did on the historical data included digitizing location, description and assays for 1,714 rock chip and 1,957 soil samples culled from 35 area assessment reports as old as 1963.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Libero Copper. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Libero Copper, a company mentioned in this article.
