Business
LIBERO COPPER INITIATES DRILL PROGRAM AT BIG RED TO TEST FOR HYDROTHERMAL SOURCE IMMEDIATELY SOUTHEAST OF THE TERRY PORPHYRY CU-AU DISCOVERY
LIBERO COPPER INITIATES DRILL PROGRAM AT BIG RED TO TEST FOR HYDROTHERMAL SOURCE IMMEDIAT...
About this update from Copper Giant Resources Corp
[{"type":"text","content":"\n \n \n \n LIBERO COPPER INITIATES DRILL PROGRAM AT BIG RED TO TEST FOR HYDROTHERMAL SOURCE IMMEDIATELY SOUTHEAST OF THE TERRY PORPHYRY CU-AU DISCOVERY\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 9, 2022\n \n \n /CNW/ -\n \n \n Libero Copper\n \n & Gold Corporation\n \n (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) is pleased to announce that drilling has begun at the Big Red project located 70 kilometers north-northwest of the Galore Creek deposit in the golden triangle of northwest\n \n British Columbia, Canada\n \n . A diamond drill program of up to 5,000 metres is currently underway at Big Red which is designed to follow-up on the mineralization at the Terry porphyry Cu-Au grass roots discovery. The current drill program is designed to test a large, 4 by 4 by 4-kilometre triangular shaped strong potassic radiometric response located immediately southeast of the Terry porphyry Cu-Au discovery, with coincidental magnetic anomalies and syenite porphyry outcrops that contain copper mineralization on surface. Previous drill results from the Terry Zone include hole BR-20-23 which returned 0.34% Cu, 2.47 gpt Ag, 0.06 gpt Au over 120.4 metres (surface to EOH), including 0.41% Cu, 2.93 gpt Ag and 0.07 gpt Au over 70.1 metres from 3.0 to 73.1 metres and including 1.02% Cu, 7.23 g/t Ag, 0.11 g/t Au over 12.2 metres from 61.0 to 73.2 metres. Higher-grade mineralization intersected in the previous drilling typically occurs adjacent to east-west striking syenite porphyry dykes and a larger magnetic anomaly located east of Terry (interpreted as a polyphase porphyry intrusion) may represent the hydrothermal source for the Terry mineralization.\n \n \n \n \n Highlights\n \n \n \n \n \n \n Drilling underway to test for the hydrothermal source of the Terry porphyry Cu-Au discovery\n \n \n \n \n \n \n Large 4 by 4 by 4-kilometre triangular shaped area with strong potassic alteration immediately southeast of and continuous with the Terry porphyry Cu-Au discovery\n \n \n , with coincidental magnetic anoma...