Northwire Canada EditionWednesday, August 12, 2026
Northwire
GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5% GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5%
Drill Results

COPPER GIANT EXTENDS PORPHYRY-RELATED HIGH-GRADE CORE AT MOCOA, INTERCEPTING 666-METRES OF 0.46% Cu AND 0.04% Mo, 294-METRES OF 0.54% Cu AND 0.03% Mo WITHIN 816-METRES OF 0.38% Cu AND 0.03% Mo FROM SURFACE

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Executive Summary

The October 15, 2025, news release announces assay results for drill hole MD-051 at the Mocoa copper-molybdenum project in Colombia. The hole, designed as an in-fill to test the southern continuity of the high-grade core, successfully intercepted a long mineralized interval from surface.

Key results include: * 816 metres grading 0.38% Copper (Cu) and 0.03% Molybdenum (Mo), for a 0.51% Copper Equivalent (CuEq) from surface. * A higher-grade interval of 666 metres grading 0.46% Cu and 0.04% Mo (0.61% CuEq). * A core within that interval of 294 metres grading 0.54% Cu and 0.03% Mo (0.66% CuEq). * A deeper high-grade zone of 208 metres grading 0.56% Cu and 0.06% Mo (0.79% CuEq).

Crucially, the hole stopped at its drill capacity of 816 metres while still in strong mineralization, indicating the high-grade core remains open at depth. The drilling successfully expanded the high-grade zone eastward and confirmed grade continuity in an area previously modeled as low-grade.

Material Impact

This news is materially positive. While a single drill hole is rarely a game-changer, its significance is amplified by the context of other major de-risking milestones announced in the preceding two weeks.

  • October 2: Announced exceptional metallurgical recoveries (up to 92% Cu, 97% Mo), exceeding assumptions used in economic models. This is a critical technical de-risking event.
  • October 7: Announced the discovery of a third high-grade porphyry core, confirming the expansion potential and scale of the Mocoa system.
  • October 9: Announced the completion of a Prior Consultation Agreement with the Inga Condagua First Nation, securing the full "social license" for the project. This is a monumental social and political de-risking event, often a major hurdle for projects in Colombia.

The results from MD-051 build directly on this momentum. They are not simply routine exploration results; they provide strong confirmation of the geological model, demonstrate continuity and expansion of a known high-grade core, and prove the system remains open at depth. By turning a previously modeled low-grade area into part of the high-grade core, these results have the potential to positively impact the tonnage and grade of a future resource update.

The consistency of these long, well-mineralized intercepts reinforces the thesis that Mocoa is a large, robust porphyry system. For a risk-averse analyst, seeing a company systematically execute its plan and deliver results that confirm (or exceed) expectations across geological, metallurgical, and social fronts is a significant positive. This news, as part of the broader October news flow, materially improves the project's profile.

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Company Overview

Copper Giant Resources Corp. (formerly Libero Copper & Gold Corp.) is a Canadian mineral exploration company. Its flagship asset is the 100%-owned Mocoa copper-molybdenum project in Putumayo, Colombia. Mocoa is a large, undeveloped porphyry deposit discovered in 1973. An initial inferred resource estimate (2021) outlined 636 million tonnes at 0.45% CuEq, containing 4.6 billion pounds of copper and 511 million pounds of molybdenum.

After divesting its non-core assets in late 2023, the company is now solely focused on advancing Mocoa. The current strategy involves a large-scale, 14,000-metre drill program aimed at significantly expanding the known resource, with the ultimate goal of demonstrating its potential to become a globally significant copper project.

Read the original news release →

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