Mobilization Of Additional Drill Rig To Mocoa Porphyry Copper-Molybdenum Project

VANCOUVER - Libero Copper & Gold Corporation reported on the mobilization of a second drill rig to accelerate its 14,000-metre resource expansion drilling program at the Mocoa porphyry copper-molybdenum deposit in Putumayo, Colombia. Targeting new exploration zones within the hydrothermal footprint, identified through geological, geophysical, and geochemical data.

"Mobilizing a second rig at Mocoa reflects our growing confidence in the scale and robustness of this multi-pulse porphyry system. Our drilling continues to confirm multiple stages of mineralization driven by distinct magmatic-hydrothermal events, reinforcing Mocoa as a long-lived, evolving system. Drilling has intersected significant mineralization in multiple directions, well beyond the current resource boundary. By adding a second rig, we can accelerate our understanding of these overlapping mineralization events while expanding the deposit at a much faster pace," said Ian Harris, President & CEO. "Key infrastructure upgrades are complete—from access upgrades to a new bridge—to ensure this next phase of drilling is expandable, aggressive and efficient. Ultimately, we see Mocoa's footprint growing significantly, and this additional rig is a crucial step in realizing its full potential.”