Vancouver, British Columbia, January 4, 2022 – Libero Copper & Gold Corporation (TSXV:LBC,
OTCQB:LBCMF, DE:29H) is pleased to report assay results for the five hole, 1,743 metre drill program
at the Big Bulk porphyry copper project in British Columbia’s Golden Triangle. Results suggest the
presence of a large mineralizing system, with new drill results confirming a greater than two kilometre
strike length.
Big Bulk Highlights
• Libero Copper’s first drill program on Big Bulk tested a new geological model derived from
recent mapping by the British Columbia Geological Survey which indicates the target is a
much larger calc-alkaline porphyry system with similarities to KSM. The targeted intrusive
phase (Phase 2 – quartz-chalcopyrite veined hornblende diorite) of the Big Bulk porphyry
was intersected in multiple holes.
• Drill hole 1 intersected 37.44 metres of 0.42% CuEq** (0.3% Cu, 0.59 g/t Ag, 0.15 g/t Au)
including 9.5 metres of 0.59 CuEq** (0.43% Cu, 0.79 g/t Ag, 0.2 g/t Au).
• Drill hole 5 intersected 97 metres of 0.34% CuEq** (0.19% Cu, 0.97 g/t Ag, 0.18 g/t Au)
including 17.5 metres of 0.47% CuEq** (0.28% Cu, 1.29 g/t Ag, 0.23 g/t Au).
“The Big Bulk drill program successfully tested the new interpretation of the Big Bulk porphyry, with
multiple drill holes intersecting mineralized zones where we predicted the east-west striking mineralized
Phase 2 diorite to occur,” comments Ian Harris, President & CEO. “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. The drilling will be invaluable in updating our geological
model, specifically late faulting in the area that complicated geology and we believe limited intersection
lengths.”
The Big Bulk porphyry copper-gold project is a multiphase late Triassic intrusion hosted in Hazelton and
Stuhini volcanic and sedimentary rocks analogous to the district which hosts the KSM and Brucejack
deposits. Big Bulk is located 20 kilometres north of Kitsault, BC, and borders Dolly Varden Silver’s Big
Bulk project and Hecla Mining’s Kinskuch project. The project was initially explored by Teck and
Canadian Empire from 2001 to 2003. Drilling in 2003 intercepted 21 metres of 1.35% CuEq** (0.86% Cu,
0.64 g/t Au) and 53 metres of 0.46% CuEq** (0.31% Cu, 0.2 g/t Au) which was not followed up on. New
interpretations based on recent geologic mapping by the British Columbia Geological Survey indicate that
the target is 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.
