Ibero Mining Confirms Depth Extensions at Miguel Vacas

Ibero Mining Corp. has announced results from a deep undercut drill hole at the Miguel Vacas mine. Drill hole 11 confirmed depth extensions of known mineralization, with findings of 19.9m grading 0.89% Cu, including segments reaching 1.35% Cu. This discovery expands the existing resource prospects significantly.

The campaign includes several drill holes with varying copper grades. Notable results include Hole 1 with 22.8m at 2.76% Cu and Hole 4 with 10.5m at 2.56% Cu. These results indicate a robust mineralized horizon, remaining open at depth and along its strike.

The company highlighted an aggressive strategy towards phase two drilling, scheduled for early 2025. The program will focus on further explorations to define the resource's full extent, targeting a potential of over 20 million tons.