Libero Copper announced that the first diamond drill hole of its 14,000-meter resource expansion drilling program at the Mocoa porphyry copper-molybdenum ore in Putumayo, Colombia, has yielded promising results.
Hole MD-044 was designed to infill and validate the geological model, aiming to locate the source of the deposit.
The hole encountered ore from the surface to the end of the hole, with the orebody remaining unpenetrated. These results further validate the company's geological model, laying the foundation for further step-out drilling with the goal of significantly increasing the existing resource base.
Hole MD-044 encountered ore from the surface, with a thickness of 1,141 meters and a copper equivalent grade of 0.46% (including 0.27% copper and 0.04% molybdenum).
Within this, a 542-meter interval from 281 to 824 meters showed a copper equivalent grade of 0.69% (0.41% copper and 0.07% molybdenum).
A higher-grade section was identified between 293 and 682 meters, with a thickness of 389 meters and a copper equivalent grade of 0.76% (0.45% copper and 0.07% molybdenum).
Hole MD-044 extended the high-grade core zone along the northeast trend at depth and intersected high-grade ore in a "blank" area, suggesting a potential connection between two high-grade zones. These results have expanded the scale and grade of Mocoa, increasing the resource base.
Additionally, the hole provided evidence of multi-phase mineralization and identified a newly discovered diorite-porphyry body, enhancing the exploration potential.
