VANCOUVER, BC, Dec. 14,
2022 /CNW/ - Libero
Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF)
(DE: 29H) is pleased to provide an update on its Esperanza porphyry
copper-gold project located in San Juan, Argentina, which is in the final steps of
start-up and has the support of the local community.
Libero representatives have built a strong relationship with the
Minister of Mining of San Juan, Argentina, Carlos
Astudillo. During several meetings, the local authorities
and members of the company reviewed the official report and
developed ways to work together for a successful project
restart.
"We are excited about the collaborative working relationship
that has been developed with the Ministry of Mines and a shared
interest in advancing the exploration in San Juan. This
relationship maximizes the participation of the local communities
and San Juan businesses with the highest levels of environmental
oversite and excellence," comments Ian
Harris, President & CEO. "Now that we are in the final
stages of restarting the project, we are very proud of the team's
ability to create a collaborative relationship with local
stakeholders based on our core values of respect and
responsibility. These efforts form the basis of a mutually
beneficial path forward for the project and the community."
Another important milestone in the project permitting process
was the recent site visit to the project area with representatives
from the Ministry of Mines of San Juan to confirm project
conditions before activity restart. The visit complimented
the latest water quality work carried out by the Institute of
Hydraulic Investigation of the National
University of San Juan for the water baseline
study.
Strengthen Ties with the Local
Community
Libero has been working with the residents close to its
Esperanza project, strengthening the relationship and looking
forward to building sustainable benefits for Jáchal and San Juan
that will contribute to the energy transition and the
environmental, social, economic and cultural development of the San
Juan province and Argentina.
Libero Copper is holding
regularly scheduled meetings with local land owners and local
authorities, who are looking forward to initiating geological
studies at the project. In the preliminary review, the company
representatives provided an update on the progress associated with
community relations and residents that are interested in working
with Libero Copper. Libero Copper is strongly commited to defending
climate change, the energy transition, environmental protection and
especially clean water.
About the Esperanza Porphyry
Copper-Gold Deposit
Esperanza's porphyry copper-gold and epithermal gold project is
located in the prolific precious and base metal-endowed and
mining-friendly Huachi Mining District, San Juan Province,
Argentina. The Esperanza project
is at an average altitude of 3,150 meters above sea level, located
about 45 kilometers from both Villa Mercedes and Angualasto in the
Jachal department. There are no glacial or periglacial
landforms near the project.
Historically only 7,691 metres have been drilled on the project.
In 2018, Latin Metals drilled two holes targeting porphyry copper
mineralization. In this drilling, hole 18-ESP-25 returned 0.57% Cu, 0.27 g/t Au over 387
metres from surface to the end of the hole, including 0.74% Cu,
0.33 g/t Au over the first 232 metres from surface. Hole
18-ESP-27 returned 0.21% Cu, 0.12 g/t
Au over 451.5 metres from surface to the end of the hole, including
0.43% Cu, 0.12 g/t Au over 24 metres from 86 to 110 metres. Refer
to Latin Metals Inc., MD&A dated October
31, 2018 (SEDAR). These holes were never followed up on due
to market conditions.
Esperanza is road accessible and contains multiple copper-gold
drill targets supported by numerous surface rock samples across a
large alteration footprint. The project has a year-round drilling
season and drill permitting is underway. A 5,000 metre drill
program is planned for 2023.
About Libero Copper
Libero Copper is unlocking the
value of a collection of porphyry copper deposits throughout the
Americas in prolific and stable jurisdictions. The portfolio
includes the Mocoa deposit in Putumayo, Colombia; Esperanza in San Juan, Argentina; and Big Red and Big Bulk in the
Golden Triangle, BC, Canada. These
assets are being advanced by a highly disciplined and seasoned
professional team with successful track records of discovery,
resource development, and permitting in the Americas.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking. Although
Libero Copper believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions and
regulatory and administrative approvals, processes and filing
requirements. There can be no assurances that such statements will
prove accurate and, therefore, readers are advised to rely on their
own evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements.
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SOURCE Libero Copper & Gold
Corporation.