Libero Copper Corp. (LBC:TSX.V:, LBCMF:OTCQB ) announced in a news release that it identified another gold-copper target on its Big Red project through digitizing and analyzing historical asset data. The company also added 3,041 hectares of new claims to this Golden Triangle porphyry project, taking the total to 20,579 hectares.
The new target, called Ridge, sits to the south of the primary target. There, a coincident gold-copper soil anomaly extends 3 kilometers (3 km) from east to west and 2 km from north to south and remains open to the east and west. Gold grades in this outcrop area from soil samples go up to 25 grams per ton (25 g/t) and in historical rock chip samples, are as high as 29 g/t.
"Although comprising more widely spaced samples, the soil anomaly at Ridge is remarkably similar to that explored by GT Gold, where epithermal gold and porphyry copper-gold deposits were discovered by subsequent drilling at Saddle South and Saddle North respectively," Leo Hathaway, executive vice president of exploration, said in the release.
The next step for Libero, which it intends to undertake soon, is to finish infill soil sampling lines and geological mapping at Ridge to confirm drill targets.
Along with Ridge, Libero identified many other additional targets as well. One is Poker, where rock chip samples from 36 large angular quartz vein boulders returned gold grades up to 252 g/t and silver grades up to 35 g/t.
The work Libero did on the historical data included digitizing location, description and assays for 1,714 rock chip and 1,957 soil samples culled from 35 area assessment reports as old as 1963.[NLINSERT]
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