10:14 AM EST, 01/27/2025 (MT Newswires) -- Libero Copper & Gold ( LBCMF ) was edging lower on Monday -- albeit, as the broader market was recording bigger losses -- even as the company reported "promising" results from its follow-up exploration program at the Piedralisa and Estrella targets within the Mocoa porphyry system.

In a statement the company highlighted that exploration at Piedralisa and Estrella targets confirmed the presence of elevated metal concentrations in sericite-altered porphyry units, aligning with 3D radial symmetric isosurface and demagnetized zones, which reinforces the interpretation of porphyry-style systems and validates the integration of airborne geophysical surveys with fieldwork. It also cited "encouraging" surface sampling results across key targets and "expansion potential" .

"Recent drilling delivered over 1,000 metres of continuous copper-molybdenum mineralization from surface, highlighting Mocoa's exceptional scale. Now, follow-up work at Piedralisa and Estrella shows this system may extend well beyond the known footprint, pointing to multiple porphyry centers. With a drill program in 2025 that's 50% larger than all previous drilling combined, our focus is on expanding the main deposit and testing this broader district potential," said President and CEO Ian Harris. "We believe Mocoa stands out in today's copper market, and we're excited to keep demonstrating just how significant it could become."

Shares were last seen down $0.01 at $0.245 on the TSX Venture Exchange.

Price: 0.25, Change: -0.01, Percent Change: -3.92