Libero Copper & Gold ( (TSE:LBC) ) has issued an update.
Libero Copper & Gold Corporation has announced the mobilization of a second drill rig to expedite its 14,000-metre resource expansion drilling program at the Mocoa porphyry copper-molybdenum deposit in Colombia. This strategic move aims to accelerate the understanding and expansion of the deposit by targeting new exploration zones identified through geological, geophysical, and geochemical data. The addition of the second rig reflects the company’s confidence in the scale and potential of the Mocoa project, which is characterized by multiple stages of mineralization and suggests the influence of more than one porphyry center. The company also plans to amend the terms of outstanding warrants to encourage early exercise, potentially enhancing its financial position.
More about Libero Copper & Gold
Libero Copper & Gold Corporation operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is actively engaged in expanding its mineral resource base, with a significant project located at the Mocoa porphyry copper-molybdenum deposit in Colombia.
YTD Price Performance: -31.43%
Average Trading Volume: 205,983
Technical Sentiment Signal: Buy
Current Market Cap: C$11.61M
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