In January 2022, Anglo Asian completed the acquisition of a strategic interest in Libero Copper & Gold Corporation. This was the first investment by the Company outside of Azerbaijan. Libero has an exciting portfolio of copper exploration assets in North and South America.
Libero is a holding company incorporated in British Columbia, Canada with its head office in Vancouver, British Columbia. It has a very experienced and seasoned board of directors and its Executive Chairman is Ian Slater, who has founded numerous companies and been involved in the Mining industry for 25 years. The Company’s management team is led by Ian Harris, Chief Executive Officer and President, who is a mining engineer with over 20 years’ experience leading mining projects worldwide including over 10 years working and living in South America. Libero is listed on the Toronto Venture Exchange (ticker LBC). For further information, visit: https://www.liberocopper.com
Libero holds a collection of porphyry copper deposits throughout the Americas in prolific, but stable, mining-friendly jurisdictions. Its mining properties include:
Mocoa
Mocoa is a porphyry copper-molybdenum deposit located in Putumayo, Colombia in the Jurrasic porphyry belt which extends through Ecuador and Colombia including the Mirador mine and Waritza deposit. A pit-constrained NI 43-101 compliant resource at Mocoa contains 636 million tonnes of 0.45 per cent. copper equivalent at 0.25 per cent. cut-off containing 4.6 billion pounds of copper and 511 million pounds of molybdenum. Mocoa is open in both directions, along strike and at depth. Libero recently completed high-resolution airborne magnetic-radiometric and LiDAR surveys over an 8,100 hectare area at the property and interpretation of this data is currently focusing on identifying potential extensions to the north, south, east and at the depth of the deposit and targeting new potential porphyry centers. A drilling campaign is currently being organised and Libero has recently signed access and land use agreements with all landowners required to provide easier access to the Mocoa porphyry copper-molybdenum project deposit area.
A contract has now been signed for an exploration drilling contract with a local drilling contractor for a minimum of 5,000 metres of drilling at the Mocoa property. The KD-1000 drill (a proprietary build of the contractor) will be used. The KD-1000 is modular and highly portable and can reach depths of over 1,200 metres. Mobilisation of materials and supplies to site has already begun with the drilling expected to begin next month. Further details can be found at the following link
https://www.liberocopper.com/_resources/news/nr_20220125.pdf
Big Bulk
Big Bulk is a porphyry copper-gold target located 50 kilometres southeast of Stewart, British Columbia, Canada. Big Bulk is fully permitted. In September 2021, the Company completed a 2,000 metre diamond drill programme at Big Bulk.
The results of the drill programme in September 2021 were were announced by Libero on 4 January 2022. Drill hole one intersected 37.44 metres of 0.42 per copper equivalent* (0.3 per cent. copper, 0.15 grammes per tonne of gold and 0.59 grammes per tonne of silver) including 9.5 metres of 0.59 copper equivalent* (0.43 per cent. copper, 0.20 grammes per tonne of gold and 0.79 grammes per tonne of silver). Drill hole 5 intersected 97 metres of 0.34 per cent. copper equivalent* (0.19 per cent. copper, 0.18 grammes per tonne of gold and 0.97 grammes per tonne of silver). The drill results indicate the potential of the property to host a sizeable porphyry deposit. Further details of the drilling results are available at https://www.liberocopper.com/_resources/news/nr_20220104.pdf
* metal prices used to calculate the copper equivalent are Copper – US$3.5/lb, Gold – US$1,850 per ounce and Silver – US$25 per ounce.
Big Red
Big Red is a new porphyry copper-gold discovery in the Golden Triangle, British Columbia, Canada, a geological province famous for its prodigious gold and copper mineralisation. The initial drill programme was completed during the 2020 field season resulting in the Terry discovery. Four holes were drilled at the end of the season and each of the holes was mineralised from surface to end of hole. In October 2021, the Company completed an initial 5,000 metre diamond drill programme.
Esperanza
Esperanza is a porphyry copper-gold and epithermal gold project located in the prolific precious and base metal endowed Huachi mining district, San Juan province, Argentina.
