Business
Libero Confirms Porphyry Copper Discovery at Big Red with Initial Drill Hole, Intersecting 0.45% Copper Equivalent over 24 Metres from Surface
Libero Confirms Porphyry Copper Discovery at Big Red with Initial Drill Hole, Intersectin...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n Libero Confirms Porphyry Copper Discovery at Big Red with Initial Drill Hole, Intersecting 0.45% Copper Equivalent over 24 Metres from Surface\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 22, 2020\n \n /CNW/ -\n \n Libero Copper & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce assay results for the first drill hole from the Terry porphyry copper target at the Big Red Project in BC's Golden Triangle. The entire length of the reverse circulation (RC) hole was mineralized, averaging 0.38% Cu, 0.06 g/t Au, and 2.22 g/t Ag (0.45% CuEq) over the 24.38 metre hole length, which included an interval of\n \n 0.56% Cu, 0.06 g/t Au\n \n and\n \n 3.10 g/t Ag\n \n \n (0.64% CuEq) over 9.15 metres\n \n through to the end of the hole. The hole (BR-20-022) was abandoned at 24.38 metres due to poor ground, however the hole was re-drilled (BR-20-023) to a depth of 120.4 metres with laboratory assays pending.\n \n \n \"We are encouraged with the results from this first hole into the Terry target as it confirms our geological model for the area and is consistent with the copper grades discovered at surface earlier in the season,\" comments\n \n Ian Slater\n \n , Chief Executive Officer. \"Assays for five additional holes at Terry are pending, the longest of which tests down to a depth of 183 metres. Based on the strong correlation between these recent assay results and our preliminary on-site XRF measurements, we are optimistic that the remaining holes will host intervals of comparable grades and further substantiate the scale and grade of this new discovery.\"\n \n \n The Terry porphyry copper-gold target was discovered in 2020 after reconnaissance scale sampling revealed high-grade copper and anomalous gold values extending over an area of approximately 300 metres by 200 metres. This outcropping target consists of a porphyritic feldspar dyke swarm intruding plagioclase-phyric intermediate composition volcanic rocks. Chalcopyrite...