Northwire Canada EditionWednesday, July 29, 2026
Northwire
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Copper Giant Extends the Recently Discovered Third High-Grade Zone at Mocoa by 250-metres along strike with MD-052 intercepting 208-metres grading 0.68% CuEq* (0.47% Cu and 0.04% Mo), starting at 768-metres.

Copper Giant Drills Deeper Into Colombian Porphyry as Strategic Insider Boosts Stake

Executive Summary

On December 11, 2025, Copper Giant Resources announced drill results from hole MD-052 at its Mocoa project in Colombia. The hole successfully extended the recently discovered third high-grade zone by approximately 250 metres along strike and 200 metres at depth. The key intercept was 208 metres grading 0.68% copper equivalent (CuEq), composed of 0.47% copper (Cu) and 0.04% molybdenum (Mo), starting at a depth of 768 metres. The company notes that this high-grade zone remains open for further expansion. Two drill rigs continue to operate as part of the ongoing 14,000-metre resource expansion program.

Material Impact

This news is a material and positive development that successfully builds on the company's recent momentum. The analysis of historical news shows a clear, systematic progression of de-risking and value creation at the Mocoa project.

  • Contextual Timeline: Throughout mid-to-late 2025, Copper Giant has delivered a string of positive catalysts. This includes consistently strong drill results (July 30, Oct 15), excellent metallurgical recoveries that exceeded prior assumptions (Oct 2), and a major de-risking event by securing full social license with local indigenous communities (Oct 9).
  • Resource Upgrade: The pivotal event was the November 24, 2025, announcement of a massive updated Inferred Mineral Resource of 1.1 billion tonnes at 0.51% CuEq. This elevated the Mocoa project into a globally significant scale.
  • Validation and Growth: Today's drill result is the first to be released following the resource update. Its importance lies in three areas:
    1. Validation: It confirms the continuity of one of the key high-grade zones ("third high-grade zone" defined on Oct 7) that underpins the new resource model.
    2. Growth: It successfully extends this zone, demonstrating that the 1.1 billion tonne resource is not the final size and that the deposit remains open for significant expansion.
    3. Grade: The intercept of 0.68% CuEq is 33% higher than the resource's average grade of 0.51% CuEq, indicating the potential to improve the overall grade profile as drilling continues.

This result, coming shortly after strategic investor Frank Giustra increased his stake (Dec 2 news), reinforces the investment thesis and demonstrates management's ability to execute on its exploration strategy. While not a "Game Changer" like the resource update itself, it is a crucial and successful follow-up that substantiates the project's world-class potential.

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Company Overview

Copper Giant Resources Corp. is a Canadian mineral exploration company focused on its flagship Mocoa Project in Putumayo, Colombia. Mocoa is a large-scale porphyry copper-molybdenum deposit. Following an aggressive drill campaign in 2025, the company announced an updated NI 43-101 Inferred Mineral Resource of 1.12 billion tonnes grading 0.51% CuEq, containing 7.6 billion pounds of copper and 1.0 billion pounds of molybdenum. The company is actively working to expand this resource and de-risk the project through ongoing drilling, metallurgical work, and strong community engagement.

Read the original news release →

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