Northwire Canada EditionThursday, October 15, 2026
Northwire
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results Routine +

Copper Giant Intersects 771 Metres of 0.54% CuEq* (0.33% Cu and 0.039% Mo) and Extends Cu-Mo Mineralization to the Southeast and at Depth.

Copper Giant’s long infill hit confirms the Mocoa model, with a positive depth step-out that is already priced in.

Executive Summary

Copper Giant Resources Corp. (CGNT) has released assay results for directional daughter holes MD-068 and MD-070 at its Mocoa copper-molybdenum porphyry project in Colombia.

MD-070, an infill daughter hole from mother hole MD-064, intersected 770.90m at 0.54% CuEq (0.33% Cu, 0.04% Mo) from 211.40m downhole. The interval includes higher-grade sub-intervals of 313.16m at 0.71% CuEq, 214.13m at 0.77% CuEq, and 102.41m at 0.87% CuEq from 396.15m. MD-070 also returned a deeper 52.81m at 0.83% CuEq from 782.07m in hydrothermal breccia, extending the recently announced third breccia corridor.

MD-068, a daughter hole from MD-067, returned 157.29m at 0.69% CuEq from 145.30m, including 105.16m at 0.80% CuEq. The hole also returned a deeper 154.48m at 0.54% CuEq from 526.45m, including 67.09m at 0.60% CuEq; the hole ended at 689.63m still in mineralization. The release frames MD-068 as extending mineralization below historic vertical Ingeominas holes that bottomed around 400m, and MD-070 as infill validation for the upcoming Q4 2026 PEA.

Mother hole MD-067 returned 145.30m at 0.15% CuEq from surface, including 28.30m at 0.42% CuEq from 117m; the remainder to 756m is pending.

A minor BTV media/marketing agreement of up to C$400,000 was also disclosed.

Material Impact

Copper Giant Resources Corp. (CGNT) is a pre-revenue junior explorer holding a 1.12-billion-tonne inferred resource at 0.51% CuEq, with no reserves and no production. Much of this appreciation followed the August 6, 2026 announcement of a C$31 million Denarius-led strategic financing and Trafigura offtake agreement, alongside the July 28 MD-066 infill result.

The current release focuses on infill and resource-definition drilling. For infill, the relevant benchmark is the resource grade of 0.51% CuEq rather than the best previous intercept. Hole MD-070 returned 771m at 0.54% CuEq, a result at to slightly above the resource grade that confirms model continuity. Additionally, MD-068 adds a potentially interesting depth step-out below historic drilling, though it is a single hole with moderate grades and is not yet included in any resource estimate.

The market has already priced in successful infill drilling and the delivery of the Preliminary Economic Assessment (PEA). The release does not change the scale, grade, or odds enough to justify a Material rating. Expected share-price impact is flat to mildly positive, with the stock unlikely to move 15% on its own. Available price data shows the close on August 27 was unchanged at C$1.30 from the prior day, consistent with a muted reaction.

CGNT · Price
Company Overview

Copper Giant Resources Corp. (CGNT) is a Canadian junior explorer listed on the TSXV, with secondary listings on the OTCQB and Frankfurt exchanges. The company’s flagship asset is the Mocoa copper-molybdenum porphyry project located in the Putumayo Department of Colombia. Mocoa hosts an inferred mineral resource of 1,120 million tonnes at 0.51% CuEq, containing 12.7 billion pounds of CuEq, which includes 7.7 billion pounds of copper and 1.0 billion pounds of molybdenum.

The project is open laterally and at depth, supported by a district-scale land package exceeding 128,300 hectares and multiple satellite targets including La Estrella and Piedralisa. In 2026, the company plans an exploration program targeting approximately 23,000 meters of drilling, marking the largest in the project's history with three rigs operating.

In August 2026, the company completed a C$31 million strategic financing led by Denarius Metals, with participation from Frank Giustra. Additionally, Copper Giant Resources entered a 10-year offtake agreement with Trafigura for 20% of its copper and molybdenum concentrate production. The company is part of the Fiore Group and has an experienced management team, but remains pre-revenue and reliant on equity financing.

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