Libero Copper – Phase 1 Drilling Underway At Mocoa, Colombia’s Largest Undeveloped Copper Project
Ian Harris, CEO of Libero Copper and Gold (TSX.V:LBC – OTCQB:LBCMF) joins us to review the 2022 exploration strategy and overall size and scope for the Mocoa Project as the largest undeveloped copper project in Colombia. Mocoa has an inferred Resource of 636 million tonnes of 0.33% copper and 0.038% molybdenum, containing 4.6Blbs Cu and 510Mlbs Mo. Previous Drilling Includes a drillhole of 0.49% Cu and 0.06% Mo over 634 meters, and 0.44% Cu and 0.05% Mo over 779 meters.
Now that land access agreements were signed in December, and the surface work and geophysical targeting was completed last year, the Company’s Phase 1 program is underway focusing on drilling 5 long holes for a total of 5,000 meters, and will be testing areas between known mineralized areas, testing extensions both laterally and at depth to expand known resources, as well as testing some new targets based on surface work. Ian expects the turnaround time on the initial drill assays to be shorter in duration than other parts of the world, so there should be news flow starting from Mocoa by late March.
Ian also unpacks their practical and very real programs and initiatives to engage and enhance the local communities and stakeholders beyond the typical box checking that many companies rattle off simply to meet ESG metrics. These philosophies are engrained in their company culture, and this partnering with local communities creates tangible synergies key to a successful operations for surrounding businesses and individuals.
Please email us with any follow up questions you have for Ian regarding Libero Copper and Gold. Our email addresses are Fleck@kereport.com or Shad@kereport.com.
Good thoughts Glenfidish, and thanks for resharing the levels you are watching for gold.
Ex has a lot of Libero. What’s up with MUX?
Hi Buzz – Libero is my largest Copper stock position because I’m animated by both Mocoa abd Esperanza, and like the optionality of Big Red and Big Bulk in British Columbia.
As for MUX it is an ugly duckling to the market, but I believe most of the major challenges at their various mines are behind them, and believe Rob M. and team will get the ship turned around over the next 12-18 months.
Silver Breaking out going to be fun! As mentioned by others and myself the producers are going to do well and have upside for at least the next 2 to 3 months before a pause or correction. But the real value money an upside maximum potential is going to come from the exploration/small cap group. call teabagger‘s coming in due time. And for the ones who like to play rotational momentum large-cap to exploration is never too late commencing now or even in a month.
Glenfidish, I’m not sure I want to call the small cap silver stocks “teabaggers.” Haha!
Hahah yikes 😳
🙂
Glenfidish
Feb 15, 2022 15:00 AM
It’s sure does Ex!
Let’s see if we can now build a rounding bottom on that 4 hour chart and go tag $1910/$1920 and secure that higher intermediate weekly high that’s had us for a long period.
$1910/$1920 first obstacle
$1960 ish next
$2000 plus
All in due time..
On target! Remember folks it’s just not about knowing the numbers but more importantly your key timing of presenting it. It was delivered before it happened while many were extremely bearish 🙂
Glen