Libero Update on Big Red Project in BC's Golden Triangle
Libero Copper & Gold Corporation announced assay results for the first drill hole from the Terry porphyry copper target at the Big Red Project in BC's Golden
Libero Copper & Gold Corporation announced 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 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 0.56% Cu, 0.06 g/t Au and 3.10 g/t Ag (0.64% CuEq) over 9.15 metres 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.
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 and pyrite mineralization occurs as fine disseminations within the porphyritic dykes and host volcanic rocks, with higher concentrations along the margins of dykes. Malachite mineralization is present locally along fracture surfaces.
A total of 585 metres in six RC holes (holes BR-20-22 to 27) were drilled at Terry. Drill holes 22 (24 metres) and 26 (7 metres) were abandoned due to poor ground and re-drilled. Chalcopyrite was logged in all holes and copper was detected by on-site XRF analysis of RC chip samples throughout each hole. Laboratory assays are expected in January. The Terry target is located at an elevation of 760 metres, allowing a longer field season than other targets in the area. A 2021 follow up drill program utilizing diamond drill rigs is planned to commence in June.