Copper Giant Expands Mocoa Resource Footprint and Advances Connector Zone Toward The La Estrella With Three Drill Rigs Turning
Mocoa drilling confirms high-grade continuity and pushes toward La Estrella, but the market’s focus remains on the upcoming PEA.
On 20 May 2026, Copper Giant reported assay results from two directional daughter holes at the Mocoa copper‑molybdenum project in Colombia. Hole MD‑062 returned 411 m @ 0.56 % CuEq (0.31 % Cu, 0.05 % Mo), including 258 m @ 0.70 % CuEq, validating the resource model and supporting the predictability of high‑grade domains. Hole MD‑061 extended mineralization southward into a previously unmodelled corridor between Mocoa and the La Estrella target, with 291 m @ 0.50 % CuEq and a broader 707 m @ 0.37 % CuEq. Three drill rigs are now active; one is conducting maiden drilling at La Estrella from the opposite end of the corridor.
The results are incrementally positive but not a game‑changer for the investment case. MD‑062’s high‑grade interval largely confirms existing resource domains—a necessary step toward resource conversion but not a new discovery. MD‑061’s extension into a waste‑modelled zone provides a new vector toward La Estrella, but the grades are modest (0.37 % CuEq over 707 m) and the economic significance will depend on further step‑out results. The three‑rig operational status was already announced in April, so it does not represent an unexpected ramp‑up. No strategic investor disclosure or resource re‑estimation accompanies the release. Consequently, the news is a “routine” positive: it maintains the company’s exploration momentum without materially altering the project’s scale or timeline.
Copper Giant is a Colombia‑focused copper‑molybdenum explorer. Its flagship is the Mocoa porphyry deposit in Putumayo, a district‑scale Jurassic system covering >132,500 ha. Inferred resources stand at 1.12 billion tonnes @ 0.51 % CuEq for 12.7 billion lbs CuEq (7.6 Blbs Cu, 1.0 Blb Mo). Metallurgical tests show up to 92% Cu and 97% Mo recoveries—above the resource model assumptions. The company has secured full social licence through a prior‑consultation agreement with the Inga Condagua nation, unified its mining titles, and is advancing a PEA by H2 2026.