Stocks in Play: Libero Copper & Gold Corporation
January 12, 2021 at 12:42 PM EST
Tuesday, January 12, 2021 12:42 PM EST - Libero Copper & Gold Corporation : Announced assay results for two holes from the Terry porphyry copper target at the Big Red Project in BC's Golden Triangle. Both holes contain copper mineralization throughout their entire lengths – 0.24% Cu over 172.2 metres and 0.16% Cu over 182.88 metres, in BR-20-25 and -24 respectively. Contained in these intervals are near-surface, strongly elevated zones of copper and silver mineralization, including 0.36% Cu and 2.45 g/t Ag over 80.77 metres which includes 0.71% Cu and 4.3 g/t Ag over 13.72 metres (BR-20-25), and 0.29% Cu and 2.23 g/t Ag over 42.67 metres (BR-20-24). Assay results for two additional holes at Terry are still outstanding. "We continue to be encouraged by these initial intercepts," comments Ian Slater , Chief Executive Officer. "Taken into context that very limited work was performed on the Terry target – essentially just surficial grab sampling during 2020 – these results are remarkably impressive. Given the underexplored nature and the clear upside potential, the Terry target will be a major focus for Libero's 2021 Big Red field program, which will include a significant diamond drill program guided by mapping and robust geophysical and geochemical surveys." Libero Copper & Gold Corporation ( V.LBC ) shares were down 3 cents at 0.11.