NIA is extremely excited to announce Libero Copper & Gold (TSXV: LBC) as our new favorite Golden Triangle stock suggestion. LBC also has a U.S. OTCQB symbol: LBCMF. NIA previously announced the Golden Triangle gold exploration company Ascot Resources (TSX: AOT) as its #1 overall stock suggestion for 2020 at $0.51 per share and it has already reached a high so far this year of $0.98 per share for an initial gain of 92.16%.
LBC has established itself as a solid copper play by acquiring two high quality copper projects that have a total combined inferred copper resource of 7.9 billion lbs of copper or 11.9 billion lbs of copper equivalent! However, the LBC project that NIA is most excited about is their flagship Big Red project located in the Golden Triangle of British Columbia.
LBC’s Big Red is a 26,000 hectare gold project located 100 km west of the 23,142 hectare Red Chris project in BC’s Golden Triangle. Last year, Newcrest Mining acquired a 70% stake in Red Chris for USD$1.1 billion!
Big Red is a road accessible project containing 19 porphyry and epithermal gold targets. In 2019, LBC completed a major sampling campaign across these 19 targets.
At LBC’s Ridge target the company discovered 5.14 g/t gold from a single continuous chip sample taken over 50m. LBC discovered samples at its Ridge target up to 25 g/t gold and averaging 2 g/t gold over a full 1 km diameter. At LBC’s Copper Bowl target the company discovered five contiguous 50m continuous rock chip samples that returned intervals of 2.91 g/t gold over 250m including 6.14 g/t gold over 100m in two contiguous samples.
LBC will launch a drilling program at its Ridge target this summer with plans to initially drill four 300m holes totaling 1,200m.
LBC’s 100% owned 11,391 hectare Mocoa project is located in Colombia near the Ecuador border and was acquired from BTG in 2018. BTG owned Mocoa for the previous 10 year period after acquiring it in 2008 from AngloGold Ashanti (AU). Mocoa has a huge inferred resource of 636 million tonnes grading 0.33% copper for 4.60 billion lbs of copper!
The Mocoa deposit forms a relatively continuous zone of copper mineralization over an area measuring approximately 1.2 km east-west by 1.4 km north-south and extending to depths of more than 1 km below surface.
LBC’s 409 hectare Tomichi project is located in Southwestern Colorado and has a huge inferred resource of 711 million tonnes grading 0.21% copper, 0.035% molybdenum, 0.017 g/t gold, and 2.0 g/t silver. This resource contains 3.3 billion lbs of copper, 555 million lbs of molybdenum, 393,000 oz of gold, and 46 million oz of silver.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from a third-party (Lion Capital Investment Ltd) of USD$30,000 cash for a three-month LBC marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.