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Libero Expands Ridge Drill Program at Big Red

Libero Expands Ridge Drill Program at Big Red Canada NewsWire VANCOUVER, July 21...

articleCopper Giant Resources CorpJuly 21, 20205/company/copper-giant-resources-corp/news/libero-expands-ridge-drill-program-at-big-red
Libero Expands Ridge Drill Program at Big Red

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[{"type":"text","content":"\n\n\n\nLibero Expands Ridge Drill Program at Big Red\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\nCanada NewsWire\nVANCOUVER, July 21, 2020\n\n\n\nVANCOUVER, July 21, 2020 /CNW/ - Libero Copper & Gold Corporation (TSXV: LBC) (OTC: LBCMF) (Frankfurt: 29H) is pleased to announce the reverse circulation (\"RC\") reconnaissance drilling program at the Ridge target at Big Red in the Golden Triangle has been expanded to 2,600 metres in 24 holes.  Figures 1, 2 and 3 show the location of planned drilled holes looking north, northeast and east.  The RC work is intended to rapidly, cost effectively and comprehensively provide confirmation of the significance  of the high soil and rock gold values.  On-site XRF analysis will analyze rock chip samples and drill core for pathfinder elements to focus exploration in real-time.  The drill program will commence in early August with results used to better target an initial round of core drilling in the early fall.  \nRidge is a high-grade gold target located to the south of the porphyry gold-copper targets at Big Red coincident with a high-grade gold geochemical anomaly and a conductivity high.  Ridge was identified as reporting numerous high-grade gold samples in May 2019 when Libero undertook a large compilation of historical data where location, description, and assay data for 1,714 historical rock chip and 1,957 historical soil samples were digitized from 35 assessment reports for the area dating back to 1963.  The compilation provided geochemical coverage of the property never attained by previous operators.  Within the Ridge target individual float samples returned as high as 25 g/t Au and historical rock chip samples grade up to 29 g/t Au (news release dated May 27, 2019).  Surface exploration work by Libero during the 2019 field season collected 892 surface samples further expanding the database (new release dated September 5, 2019).  A recently flown ZTEM survey identified that the conductivity high at Big Red is best developed in Stuhini Group rocks underlying...

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