Libero Lights up Markets with Big Red Find

Libero Lights up Markets with Big Red Find

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, September 5, 2019

Stocks both large- and small-cap are having a party Thursday, almost to the point where the neighbours are complaining. In the small-cap sector, particularly metals and mining, Vancouver-based Libero Copper & Gold Corporation (TSX-Venture:LBC) proved the life of the party, with a big announcement about its Big Red property in B.C. 

Results from the early stage sampling program at Big Red -- in the Golden Triangle area -- confirmed the anomaly previously compiled from historical sampling campaigns conducted at the Ridge gold target. 

LBC reported that continuous rock chip sampling results included 5.14 grams per tonne gold from a single continuous chip sample taken over 50 metres. Outcrop in this area is volcanic with quartz veinlets and disseminated pyrrhotite and iron oxides. 

A significant new gold discovery has been identified at the Copper Bowl target where five contiguous 50 metre continuous rock chip samples returned intervals of 2.91 grams per tonne gold over 250 metres including 6.14 grams per tonne gold over 100 metres in two contiguous samples. 

Libero Executive Vice-President Leo Hathaway exulted, “We are excited by these early stage results from this summer’s program and especially the new gold discovery at the Copper Bowl target. We are looking forward to conducting follow-up work including initial drill testing this September.”

Investors couldn’t wait for later on, bidding up LBC’s price 3.5 cents a share, or 24.1%, to 18 cents early Thursday afternoon, on whopping volume of 1.3 million shares. 

 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

The Bulls Look Ready To Pounce On This Beaten Up Name
Technicals Appear To Point To New Uptrend For Clean Energy Stock
Amex through Roof on Quebec Gold Find
Melkior Price Take Flight on New Surface Grab Near Timmins


Back to Top