Copper Giant Intersects 257 Metres of 0.63% CuEq* (0.47% Cu and 0.03% Mo) in Infill Drilling and Identifies Higher Grades at Depth Along the Southern Margin of Mocoa
Copper Giant hits higher grades at depth as Mocoa transitions from exploration to engineering-led development.
The most recent news (March 16, 2026) reports drilling results from the first two "mother holes" (MD-056 and MD-057) at the Mocoa project in Colombia. Hole MD-057 returned a significant intercept of 257 metres grading 0.63% CuEq (0.47% Cu and 0.03% Mo), including a higher-grade core of 191 metres at 0.72% CuEq. Hole MD-056 identified mineralization in areas previously modeled as waste, returning 386 metres of 0.39% CuEq. These holes establish the platform for directional drilling, a technology aimed at increasing drill density while reducing costs and surface footprint.
The news is Routine - Positive. While the grades are strong and the identification of mineralization in "waste" zones is technically favorable, these results are incremental and largely in line with the aggressive 23,000-metre exploration plan announced in February 2026. - Predictability: Management noted that MD-057 confirms the "predictability" of the current resource model, which reduces geological risk but does not necessarily "change the game" compared to the massive resource update in late 2025. - Operational Efficiency: The successful implementation of directional drilling is a positive milestone for project economics and timeline, supporting the goal of a Preliminary Economic Assessment (PEA) in 2026. - Grade Continuity: Intersecting 0.72% CuEq over nearly 200 metres supports the thesis of a robust high-grade core, which is essential for the eventual economic viability of a deep porphyry system.
Copper Giant is focused on the Mocoa Project in Putumayo, Colombia. It is a Jurassic-age porphyry copper-molybdenum deposit. - Resource: 1.12 Billion tonnes at 0.51% CuEq (Inferred). - Contained Metal: 7.6 billion lbs Copper and 1.0 billion lbs Molybdenum. - Status: One of the largest undeveloped Cu-Mo resources in the Americas, currently undergoing a massive 23,000-metre infill and expansion program to support a 2026 PEA.