Copper Giant Announces the 2026 Exploration Plan, Targeting 23,000 metres of Drilling, the Largest Drilling Program in the History of The Mocoa Project
Copper Giant seeks to convert billion-tonne scale into economic reality with record-breaking 2026 drilling program
The most recent news (February 17, 2026) announces a fully funded 2026 Exploration Program for the Mocoa Project in Colombia. This is the largest drilling program in the project's history, targeting 23,000 metres—an 80% increase over the 2025 program. The primary objectives are to expand the existing 1.12 billion-tonne Mineral Resource Estimate (MRE), test regional targets (La Estrella and Piedralisa), and critically, convert 30-50% of the currently "Inferred" resources to the "Indicated" category. This conversion is a prerequisite for a Preliminary Economic Assessment (PEA) planned for later this year. The program includes de-risking through metallurgical and geotechnical studies.
The news is Material - Positive. While an exploration plan is routine, the scale and specific focus on resource conversion (Inferred to Indicated) mark a fundamental shift in the company's lifecycle from "speculative discovery" to "development-track asset." - Economic Transition: Moving 30-50% of 1.12 billion tonnes into the Indicated category would provide the technical foundation for the first-ever economic study (PEA) on the project. - De-risking: The inclusion of "directional drilling" suggests a move toward higher precision and cost-efficiency in reaching deep high-grade targets. - Funding Validation: Being "fully funded" after the January 2026 CAD $12 million financing ensures no immediate dilution is required to execute this massive program. - Growth Potential: Testing regional targets like La Estrella suggests the company believes Mocoa is part of a larger district rather than an isolated deposit.
Copper Giant Resources (formerly Libero Copper & Gold) focuses on the Mocoa Project in Putumayo, Colombia. Mocoa is a Jurassic-age copper-molybdenum porphyry deposit. - Resource: 1.12 Billion tonnes @ 0.51% CuEq (Inferred). - History: Discovered in 1973; recent work has expanded the high-grade "breccia" and "porphyry" cores. - Geography: Located in a region of Colombia currently seeing increased interest in critical minerals, evidenced by US Embassy meetings in late 2025.