Northwire Canada EditionTuesday, August 4, 2026
Northwire
FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0%
Drill Results

Copper Giant Invited to US Embassy in Colombia as Two Drills Turn at The Mocoa Project

CGNT · Price

Executive Summary

  • Copper Giant announced the first drill hole (MD‑048) at the East Valley target intersecting porphyry‑style mineralization, confirming expansion potential beyond the current Mocoa resource.
  • The company completed a definitive agreement to acquire 100 % of 12 mining applications covering 53,474 ha in Colombia, increasing its land package by ~64 % to 136,425 ha.
  • Mining financier Frank Giustra purchased an 11.2 % stake in Copper Giant, underscoring confidence from a prominent industry investor.

Key Details

  • Drill Hole MD‑048 (East Valley target) – First ever test in the area; intersected porphyry‑style mineralization over ~800 m depth with low copper and higher gold, silver, and multi‑metallic values.
  • Drilling Cost Efficiency – Utilised KD‑1000 man‑portable rigs; reported straight drilling cost of C$300 per metre, eliminating need for helicopter support.
  • Previous Drill Hole MD‑047 (Mocoa) – 1,004 m continuous Cu‑Mo mineralization; average 0.57 % CuEq (0.39 % Cu, 0.04 % Mo); a 567 m interval graded 0.76 % CuEq. Highlights robust high‑grade zone and new vector for exploration.
  • Land Acquisition – Definitive agreement to acquire 12 mining applications (53,474 ha) in the Jurassic porphyry belt (Cauca, Putumayo, Mocoa). Combined with existing holdings, total land package now ~136,425 ha, positioning Copper Giant as one of Colombia’s largest porphyry‑copper landowners.
  • Strategic Investment – Frank Giustra purchased an 11.2 % equity stake in Copper Giant; Giustra is a noted mining financier and co‑founder of Aris Mining (Q2 2025 revenue $200 M, +75 % YoY).
  • Project Scale Commentary – CEO Ian Harris reiterated Mocoa’s 600 Mt resource containing >2 Mt Cu, equating its value to a ~$35 oz gold deposit at current metal prices; noted molybdenum contributes 20‑30 % of project value.
  • Geopolitical Context – Harris disclosed a meeting request from the U.S. Embassy regarding the Mocoa project, indicating potential for future ore shipments to the United States amid rising interest in secure critical‑metal supply chains.

Notable Quotes

  • “The meeting at the embassy signals that the US is serious about building a secure critical metals supply chain.” – Ian Harris, President & CEO
  • “Our straight drilling costs are about CND $300 per meter… This saves us money.” – Ian Harris
  • “That confirms the size potential of the project. It doesn't matter where we drill, we're seeing copper.” – Ian Harris
  • “We are now exploring the possibility that there is another porphyry to the east of hole MD‑048.” – Edwin Naranjo Sierra, VP Exploration

All technical information reviewed and approved by Qualified Person Edwin Naranjo Sierra (NI 43‑101).

Read the original news release →

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