08:50 AM EDT, 09/17/2024 (MT Newswires) -- Libero Copper & Gold ( LBCMF ) said Tuesday that it is mobilizing to support exploration activities at its flagship Mocoa porphyry copper-molybdenum deposit in Colombia.

Libero said this phase of mobilization marks the final preparatory steps ahead of a 14,000-meter drill program, which is designed to expand the resource and test new high-priority porphyry targets across the region.

The company said it is in the final stages of planning a 14,000-meter drill program for the fourth quarter through the first half, focused on infill, resources expansion, and testing of new targets.

"We're at an exciting milestone at the Mocoa porphyry copper-molybdenum deposit, built on a foundation of extensive geological work and strong relationships," President and CEO Ian Harris said. "Detailed fieldwork has only reinforced what we believed all along: Mocoa Deposit holds immense potential."

Libera's share price rose 7.5% yesterday to $0.29 on the TSXV.