Libero reports assays from Big Bulk project in B.C.

Assay results from a five-hole drill program at Libero Copper & Gold’s (TSXV: LBC) Big Bulk porphyry copper project in British Columbia’s Golden Triangle have confirmed a strike length that’s greater than two km and suggests the presence of a “large mineralizing system,” the company says. 

Highlights included 37.44 metres grading 0.30% copper,0.59 gram silver per tonne and 0.15 gram gold per tonne (0.42% copper-equivalent) starting from 139 meters in drill hole 1,and 97 metres grading 0.19% copper, 0.97 gram silver per tonne and 0.18 gram gold per tonne (0.34% copper-equivalent) starting from 171.5 meters in drill hole 5.  

The Big Bulk project, which is located 20 km north of Kitsault in B.C. and borders Dolly Varden Silver’s (TSXV: DV; US-OTC: DOLLF) Big Bulk copper-gold project and Hecla Mining’s (NYSE: HL) Kinskuch project, was previously explored by Teck Resources (TSX: TECK.A; TSX: TECK.B; NYSE: TECK) between 2001 and 2003, but wasn’t followed up, Libero says.   

Historic drill results included 21 metres grading 0.86% copper and 0.64 gram silver per tonne (1.35% copper-equivalent) starting from 11.89 meters and 53 metres grading 0.31% copper, 0.2 gram silver per tonne (0.46% copper-equivalent) starting from 142.95 meters.  

Libero says that new interpretations of the Big Bulk porphyry based on geologic mapping by the British Columbia Geological Survey in 2017, indicate a much larger calc-alkaline porphyry system tilted on its side with higher grade mineralization in a discreet mineralized phase that was not targeted by historic drilling.  

“The Big Bulk drill program successfully tested the new interpretation of the Big Bulk porphyry, with multiple drill holes intersecting mineralized zones,” Ian Harris, Libero’s CEO, said in a press release on January 4.  

“The mineralogy, grades and widths of the mineralized zones, the surrounding alteration, and the drilled strike length suggest the potential for the property to host a sizeable porphyry deposit.”  

At presstime in Toronto, Libero was trading at 55¢ per share within a 52-week trading range of 33.5¢ and 89¢.