SAN FRANCISCO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Streetwise Reports caught up with Ian Slater, CEO of Libero Copper and Gold Corp. (LBC:TSX.V; LBCMF:OTCQB). Slater is ramping up his international firm's exploration program at its Big Red property in the Golden Triangle of British Columbia, Canada.
Company mentioned: Libero Copper and Gold Corp.
The Golden Triangle is difficult to mine, terrain- and weather-wise, but payoffs for tenacity have been consistent during the past 150 years. The region sports several of Canada's most lucrative copper-gold mines, including Premier, Red Chris, Snip and Eskay Creek.
There is road access into Big Red, so the harsh winter is the main obstacle to working the area—the weather window is July through October. Big Red is a big patchwork: It covers 20 contiguous claims totaling 26,000 hectares.
Slater is fresh off of raising $3.7 million in a private placement for Libero. The placement found institutional support and was oversubscribed by $1 million. Slater said the expected proceeds are more than enough to finance Big Red exploration and general capital needs for the next two mining seasons in the Golden Triangle.
Slater's team includes legendary geologist Leo Hathaway of Lumina Gold Corp. At Lumina, Hathaway's discoveries resulted in a $1.6 billion buyout. Slater and Hathaway are pushing to commence the Big Red exploratory drilling program in a few days.
Continue reading this article: Gold Weather Veins in Big Red
About Streetwise Reports
Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
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 and Gold. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Libero Copper and Gold. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Libero Copper and Gold.
The full disclosure is provided at the article's end: Gold Weather Veins in Big Red