{"id":1136639,"date":"2019-09-05T10:28:35","date_gmt":"2019-09-05T15:28:35","guid":{"rendered":"http:\/\/goldstocktrades.com\/blog\/?p=5154"},"modified":"2019-09-05T10:28:35","modified_gmt":"2019-09-05T15:28:35","slug":"libero-lbc-v-drilling-in-golden-triangle-starting-to-look-like-another-gt-gold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1136639","title":{"rendered":"Libero $LBC.V Drilling in Golden Triangle Starting to Look Like Another Gt Gold?"},"content":{"rendered":"

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This summer while many investors were away for family vacation, gold made a major breakout through $1350\u00a0USD and into new multi-year highs as we highlighted. \u00a0Now its only a stone’s throw from $1600.\u00a0Then only a short few weeks ago,\u00a0silver followed gold breaking out of a major base. \u00a0Now its above $19.<\/p>\n

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\nThe Gold-Silver Ratio which hit a high above 90 to 1 this summer is now breaking down finally. \u00a0That’s a good sign for the small junior explorers that are closely correlated with silver. The juniors\u00a0have been pretty much ignored since 2012. \u00a0We could be just starting an inflow back into the junior miners. \u00a0Prior rallies like 2003-2007 and 2009-2011 could signal a powerful reversal of the prior bear market trend.
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\nLook at this chart of the gold stocks in relation to gold bullion. \u00a0Its finally breaking out of downtrend after hitting a record low. \u00a0Notice how the early investors in that bull market in 2000 made out.<\/p>\n

News is beginning to hit the markets from some of our explorers. \u00a0I have a few investments in the Golden Triangle in BC this season. \u00a0This is where we have seen a lot of interest by the majors recently most notably Newmont in their recent investment in $GTT.V GT Gold which continues to hit great results but may be fairly valued at $110 million.<\/p>\n

Another one which is just getting started is\u00a0Libero Copper $LBC.V which should change its name and add gold as they just made a significant gold discovery today. \u00a0Their Geologist and\u00a0VP Exploration is\u00a0\u00a0Leo Hathaway who\u00a0works with Ross Beatty at Lumina and has 25 years experience making numerous discoveries.<\/p>\n

Leo was very instrumental in the early success of\u00a0Lumina\u00a0started in 2004 and now has over a $200 million market cap. \u00a0Libero still has a market cap under $15 million but they are working on a project which looks almost identical to GT Gold early days in the Golden Triangle. \u00a0Their Big Red Project looks very exciting especially after all the technical modeling work done by Leo and the team. \u00a0They see some parts of the project with great potential and just raised $3.7 million to drill it.<\/p>\n

Today Libero announced sampling results which confirm a new gold discovery. \u00a0“5\u00a0contiguous 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.” \u00a0Drilling this September could confirm another major Golden Triangle Discovery that hardly no one knows about yet. \u00a0See the full news release by\u00a0clicking here…<\/a><\/p>\n

Libero will be presenting at MIF in Vancouver and Precious Metals Summit in Beaver Creek. \u00a0Schedule a meeting by contacting them here:\u00a0+1 604 638 2545 info@liberocopper.com<\/a><\/p>\n

See my new\u00a0interview with Libero $LBC.V VP Exploration Leo Hathaway by\u00a0clicking here…<\/a><\/p>\n