Libero Consolidates Porphyry Belt Around Mocoa Copper-Molybdenum Project

Libero Copper & Gold recently announced that it has filed 32 mining claims totaling 103,578 hectares covering a significant portion of the Jurassic porphyry belt to the southwest and northeast of its Mocoa copper-molybdenum project.

Ian Harris, the company's President and CEO, commented, "Colombia continues to lead the way in diversifying its mining industry through strategic exploration programs such as this, and we have successfully advanced the Mocoa project into the exploration phase with a deeper understanding of the geological potential of the Jurassic porphyry belt."

On October 26, Libero Copper and Universidad Nacional de Colombia signed an inter-institutional cooperation agreement. The agreement focuses on mutual interests in investigations, technical assistance, technology development, and continuing education and training in the fields of geology, mining engineering, and metallurgy, and establishes a framework for specific agreements.

In addition, the agreement focuses on practical work experience and programs for high-potential students, including dissemination of the results of programs, work and project development through publications and other means.

Luis Hernán Sánchez Arredondo, professor of the Department of Minerals and Materials, affirmed: "This agreement is very interesting because the university will play a key role in the exploration activities of the newly restarted Mocoa copper-molybdenum project in Putumayo, the largest known copper deposit in Colombia.

"It is exciting that Columbia National University students can work with our company to develop business practices, while we can support their research initiatives and projects, especially those aimed at promoting the use and application of copper in different processes of the transition to green and renewable energy in order to contribute favorably to the problems arising from climate change."

The Mocoa deposit of Libero Copper & Gold Corporation is located in the department of Putumayo, 10 km from the town of Mocoa. It was discovered in 1973 when the United Nations (UN) and the Colombian government conducted a regional fluvial geochemical survey. between 1978 and 1983, an exploration program was carried out that included geological mapping, surface sampling, ground geophysics, 31 diamond drill holes totaling 18,321 meters, and metallurgical test work that resulted in a positive pre-feasibility study.

The copper-molybdenum mineralization in Mocoa Copper-Molybdenum Project is associated with Middle Jurassic-age dolomite porphyry intrusions that were emplaced into andesitic and dolomitic volcanic rocks. the Mocoa porphyry system exhibits a typical zonal pattern of hydrothermal alteration and mineralization, with a central deeper core of potassic alteration overlain by sericitization and surrounded by orthosilicate mineralization.

Mineralization includes chalcopyrite, pyromorphite, and localized porphyry associated with multiphase veins, deposits, and hydrothermal breccias. the Mocoa deposit is roughly cylindrical and 600 m in diameter, with high-grade copper-molybdenum mineralization, persisting to depths over1,000 m.

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