Vancouver, British Columbia, 25. Januar 2021 – Libero Copper & Gold Corporation (TSXV:LBC, OTCQB:LBCMF, DE:29H) is pleased to announce the appointment of Mr. Ian Harris as President and Chief Executive Officer and Mr. Ernest Mast to the Board of Directors to greet. Dr. Thomas Mumford will lead Canadian exploration and Ian Slater will continue to serve as Executive Chairman. The board of Directors currently consists of Bill Bennet, Ernest Mast, Rob Pease, Ian Slater und Jay Sujir. Mr. Brad Rourke and Mr. Ian Harris have been nominated to stand for election at the upcoming AGM, and the board will expand to seven members.
“ The appointments of Mr. Harris and Dr. Mumford to management, and Mr. Mast and Mr. Rourke to the board, will be of great help in adding value to our projects, not just our new porphyry discovery at Big Red, but also for our storage facility MocoaSaid Executive Chairman Ian Slater. “Ian Harris was the Senior VP and Country Manager of Stream, the the Mirador-Mine in Ecuador, and Ernie Mast was CEO of the InmetSubsidiary that operates the Copper-Panama Mine has advanced through engineering and licensing procedures to construction.
The Mirador-Mine and the MocoaDeposit are both located in the same Jurassic porphyry belt. Brad Rourke and Thomas Mumford have years of experience in the Golden Triangle and are deeply rooted in the local community, which creates many synergies for the further development of our big-Red-Discovery and the recent acquisition of Big Bulk will bring with it. “
Harris is a mining engineer and executive with over 20 years of experience leading mining projects. He has mining and management experience in over 20 countries, with a wide range of mining methods, raw materials, project phases and sizes, having successfully advanced projects in some of the toughest environments. He is equally proficient in Spanish and English. Previously, he was CEO of AMAK Mining (the first private mining company in Saudi Arabia) and Para Resources (operator of the El Limon Mine in Colombia). Harris was also a senior Vice President and Country Manager of Stream Resources, where he is responsible for the feasibility study, initial engineering and start of construction of the Mirador-Mine in Ecuador was responsible. He successfully made the push to reactivate the mining projects of Stream in Ecuador by successfully building national and local support and steering what is for sale by a new constitution and mining law Stream led for $ 690 million.
Ernest Mast, P. Eng, has 30 years of experience in the mining industry spanning a wide variety of raw materials, territories, and stages of development. He is currently President and CEO of Doré Copper Mining and a member of the Board of Directors of Scottie Resources. Mast previously clad the Positions as President and Chief Executive Officer First Mining, if Vice President of Corporate Development bei Copper Mountain Mining, als Vice President of Operations at New Gold and as President and CEO of Mining Panama SA, the subsidiary of Inmet Mining the $ 6 billion copper project Copper Panama developed. Mast started his career at Norandawhere he took on responsibilities of increasing responsibility over a period of 20 years and spent the majority of his career in Latin America. Mast holds a bachelor’s and master’s degrees in metallurgical engineering from McGill University. He also has a degree in business administration from Henley College in the UK and Universidad Catholic completed in Chile.
Brad Rourke is a corporate finance executive with 30 years experience in the mining and energy sectors. Rourke has a proven track record with successful start-ups. His leadership experience and entrepreneurial approach have earned the efforts of Scottie Resources in the Golden Triangle, where he is CEO, given a new direction and magnitude. Rourke is deeply rooted in the local communities and has many years of experience working in the North and with the First Nations.
Dr. Mumford is a registered professional geologist with Engineers and Geoscientists – British Columbia (EGBC). He has taught at Carleton University and the British Columbia Institute of Technology worked. He holds a B.Sc. and M.Sc. from the university of New Brunswick and was awarded the Leopold-Gelinas-Medal for the best M.Sc. thesis of the GAC Volcanology Department and Igneous Petrology excellent. He also holds a PhD from Carleton University specializing in igneous control mechanisms for the Thor Lake REE deposit in the Northwest Territories concentrated. He has over 15 years of mineral exploration experience for various raw materials across Canada. Dr. Mumford is currently Vice President Exploration of Scottie Resources and sits on the board of Directors the Association for Mineral Exploration (AME).
The stock options can be exercised at a price of $ 0.11 and will expire on December 17, 2025.
Libero has an option on the Big Porphyry Copper-Gold Project Bulk located 50 km southeast of Stewart, BC, in the Golden Triangle. Big Bulk is a multiphase Late Triassic intrusion occurring in Hazelton– and Storm-Volcanic and sediments analogous to Galore Creek and KSM is located.
The 2003 drilling intersected 21 meters at 0.86% With and 0.4 g / t Au from a depth of 12 meters and 53 meters at 0.31% With and 0.2 g / t Au from 143 meters to the end of the hole which was not followed up. New interpretations suggest that the target is a much larger calcareous-alkali-porphyry system that has tilted on its side and has high-grade mineralization in a separate mineralized zone that was not captured by historical drilling . Big Bulk is fully approved and ready to drill; an initial diamond drilling program over 2,500 meters is planned for the 2021 field season.
The option terms provide $ 625,000 in cash over five years (including $ 50,000 for 2021), giving 100% of Project Big by December 31, 2025 Bulk can be purchased for $ 1,000,000 in cash or in shares of Libero.
About Libero Copper & Gold
The expansion of these projects is under the direction of a knowledgeable and experienced team of professionals with a track record of discovery, resource development and permits in North, Central and South America.
The technical information in this press release was provided by Dr. Thomas Mumford, P.Geo., President reviewed and approved by Serac Exploration as a Qualified Person for the purposes of NI 43-101.
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