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


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.

Full News Release