SAN FRANCISCO, March 01, 2019 (GLOBE NEWSWIRE) -- Libero Copper Corp. (LBC:TSX.V:, LBCMF:OTCQB) is a young company, having been formed in 2016, and has been busy acquiring assets. The first two were copper-molybdenum projects, Mocoa in Colombia and Tomichi in the U.S., in Colorado.
Company mentioned: Libero Copper Corp.
"The plan was and is to acquire large tonnage copper porphyry in the Americas, with low holding costs, so we can hold them through to when it's possible to raise capital while minimizing dilution to the shareholder base," Libero Copper Chairman/CEO Ian Slater stated.
"It takes a long time to find good assets that don't have fatal flaws," Slater added. "For example, with Mocoa, our project in Colombia, it took two years of negotiations with B2Gold to acquire that asset."
Libero has just added a third asset, Big Red, a 17,000-hectare porphyry copper-gold project in British Columbia's Golden Triangle, which is located about 45 kilometers southwest of Telegraph Creek and about 80km west of GT Gold's high-grade Tatogga project. GT Gold noted that in 2017 it made two major discoveries at the Saddle prospect at Tatogga: "a near surface bulk-tonnage and potential deep high-grade underground-style epithermal gold-silver vein system at Saddle South and, close by at Saddle North, a large-scale, richly mineralized and high-grade porphyry copper gold mineralized intrusion."
Continue reading this article: With a Base of 8 Billion Pounds of Copper, Explorer Continues Acquisitions, This Time in Golden Triangle
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