{"id":30575,"date":"2024-11-12T09:37:14","date_gmt":"2024-11-12T14:37:14","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=30575"},"modified":"2024-11-12T09:37:14","modified_gmt":"2024-11-12T14:37:14","slug":"clarification-of-land-record-clears-the-way-for-development-at-libero-coppers-flagship-mocoa-project","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/clarification-of-land-record-clears-the-way-for-development-at-libero-coppers-flagship-mocoa-project\/","title":{"rendered":"Clarification of Land Record Clears the Way for Development at Libero Copper’s Flagship Mocoa Project"},"content":{"rendered":"

Libero Copper<\/span>\u00a0& Gold Corporation\u00a0<\/b>(TSXV: LBC) (OTCQB: LBCMF)<\/strong> announced a significant advancement in the development of its flagship Mocoa Project.<\/p>\n

Following dedicated efforts and close collaboration with Colombian authorities to implement the Consejo de Estado Resolution dated August 4, 2022<\/span>\u00a0(clarified on\u00a0September 29, 2022<\/span>, Filing No. 25000234100020130245901)\u2014which mandates the alignment of environmental and mining records\u2014the official mining cadastral system, ANNA Miner\u00eda, has updated its records concerning the Mocoa Project area.<\/p>\n

History<\/h3>\n

The regional forest reserve was originally established on\u00a0November 21, 1984<\/span>, intended to protect and compensate for the planned construction of an 11-megawatt hydroelectric plant that was never built. Due to ambiguous coordinates at the time of its creation, the reserve’s boundaries were inaccurately reflected in official records, leading to an unintended overlap with the Mocoa Project’s mineral resource area. This pivotal update addresses a previous note in the National Instrument 43-101 (“NI 43-101”) Technical Report titled “Technical Report on the Mocoa Copper-Molybdenum Project,\u00a0Colombia<\/span>“, dated\u00a0January 17, 2022<\/span>, prepared by Michael Rowland Brepsant, FAusIMM,\u00a0Robert Sim<\/span>, P. Geo, and\u00a0Bruce Davis<\/span>, FAusIMM, with an effective date of\u00a0November 1, 2021<\/span>.<\/p>\n

The updated cadastral records now clarify that the regional forest reserve no longer overlaps with the Mocoa Project’s existing mineral resource area.<\/strong><\/p>\n

This update represents a significant step forward in our collaborative work with Colombian authorities to responsibly develop the Mocoa Project. The clarified boundaries allow us to plan with greater certainty, demonstrating the effectiveness of our cooperative approach in aligning mining and environmental regulations. We look forward to completing the next steps and are more confident than ever in the immense potential of the Mocoa Project and remain committed to advancing it responsibly for the benefit of all stakeholders.Ian Harris, President & CEO, Libero Copper & Gold Corporation<\/span><\/div><\/div>\n

Figure 1. Updated Boundary of the Regional Forestry Reserve<\/h4>\n
\"\"
Source: (CNW Group\/Libero Copper & Gold Corporation)<\/figcaption><\/figure>\n

This update marks an important milestone in the ongoing collaboration among the Agencia Nacional de Miner\u00eda (ANM), the Ministry of Mines and Energy, and the Ministry of Environment, as they work to align environmental data with mining title information and implement the full scope of the Consejo de Estado decision.<\/p>\n

This achievement reduces uncertainty by clarifying boundaries, enabling the Company to proceed with enhanced confidence and efficiency.<\/p>\n

\n

The collective efforts have set the stage for further advancements that will support the Mocoa Project’s compliance with\u00a0Colombia’s<\/span>\u00a0mining regulations.<\/p>\n

Ultimately, this collaborative success will allow\u00a0Libero Copper<\/span>\u00a0to finalize its updated Programa \u00danico de Exploraci\u00f3n y Explotaci\u00f3n (PUEE), ensuring a robust and responsible exploration strategy that aligns with regulatory best practices and\u00a0Colombia’s<\/span> sustainable development goals.<\/p>\n

Qualified Person and Technical Notes<\/b><\/h3>\n

Edwin Naranjo Sierra<\/span>, Exploration Manager of\u00a0Libero Copper<\/span>, is the designated Qualified Person within the meaning of NI 43-101 and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. In Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and the Society of Economic Geologist.<\/p>\n

Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 3.33 \u00d7 Mo (%), utilizing metal prices of Cu –\u00a0US$3.00<\/span>\/lb, Mo –\u00a0US$10.00<\/span>\/lb. Metal recoveries utilized for the resource model are 90% for Cu and 75% for Mo.<\/p>\n

Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.<\/p>\n

Libero Copper<\/span>\u00a0operates according to a rigorous Quality Assurance and Quality Control (QA\/QC) protocol consistent with industry best practices. Primary sample collection involves secure transport from\u00a0Libero Copper’s<\/span>\u00a0core logging facilities in Mocoa,\u00a0Colombia<\/span>\u00a0to the ActLabs certified sample preparation facility in\u00a0Medellin, Colombia<\/span>. Samples are processed in the\u00a0Medellin<\/span>\u00a0facilities where they are analyzed for copper and molybdenum by 4-Acid digest AA analysis. The sample pulps are air freighted from\u00a0Medellin<\/span>\u00a0to the ActLabs certified laboratory in\u00a0Guadalajara, Mexico<\/span>, where they are analyzed using 4-Acid digest ICP multi element analysis. In order to monitor the ongoing quality of assay data and the database,\u00a0Libero Copper<\/span>\u00a0has implemented QA\/QC protocols which include standard sampling methodologies, the insertion of certified standard materials, blanks and field duplicates and ongoing monitoring of data entry, QA\/QC reporting and data validation. No material QA\/QC issues have been identified with respect to sample collection, security and assaying.<\/p>\n

About the Mocoa Porphyry Copper-Molybdenum Deposit<\/i><\/b><\/h3>\n

The Mocoa deposit is located in the department of Putumayo, 10 kilometres from the town of Mocoa.\u00a0Libero Copper’s<\/span>\u00a0district scale holdings cover over 1,000 km2 through titles and applications, encompassing most of the Jurassic porphyry belt in southern\u00a0Colombia<\/span>. Mocoa was discovered in 1973 when the United Nations and the Colombian government conducted a regional stream sediment geochemical survey. Between 1978 and 1983, an exploration program was carried out that consisted of geological mapping, surface sampling, ground geophysics (IP, magnetics), 31 diamond drill holes totaling 18,321 metres and metallurgical test work B2Gold subsequently executed diamond drill programs in 2008 and 2012.\u00a0Libero Copper<\/span>\u00a0drilled Mocoa in 2022 and intercepted notable results of 0.58% CuEq* (0.42% Cu and 0.047% Mo) over 1,228.5 metres, including a higher-grade interval of 840.3 metres at 0.72% CuEq* (0.52% Cu and 0.062% Mo)\u00a0(<\/u>see news release\u00a0April 26, 2022<\/span><\/a>).<\/u><\/p>\n

Libero Copper is a market awareness client of Capital 10X. For more information, including potential conflicts of interest please see our\u00a0Content Disclaimer<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The clarification of project boundaries clears a major regulatory hurdle to further development of the flaship Mocoa copper project.<\/p>\n","protected":false},"author":30,"featured_media":30120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2359,851,2471,2507,2514],"class_list":{"0":"post-30575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-chile-copper","10":"tag-copper-demand","11":"tag-copper-investing","12":"tag-libero-copper","13":"tag-libero-copper-gold-copper-corporation"},"acf":[],"yoast_head":"\nClarification of Land Record Clears the Way for Development at Libero Copper's Flagship Mocoa Project | Capital 10X<\/title>\n<meta name=\"description\" content=\"The clarification of project boundaries clears a major regulatory hurdle to 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