Copper Giant Intersects 771 Metres of 0.54% CuEq* at Mocoa, Extends Cu-Mo Mineralization to the Southeast and at Depth
TSXV: CGNT | OTCQB: LBCMF | FRA: 29H0
Copper Giant Resources Corp. announced assay results from in-fill holes MD-068 and MD-070 at its flagship Mocoa copper-molybdenum porphyry project in Putumayo, Colombia, according to the company. MD-068, drilled beneath the vertical shallower holes completed by Ingeominas, returned a near-surface high-grade zone with 157 metres of 0.69% CuEq* (0.44% Cu and 0.048% Mo) from 145 metres and a deeper zone below the past holes with 154 metres of 0.54% CuEq* (0.32% Cu and 0.041% Mo) from 526 metres, the company said. MD-070, an in-fill daughter hole, intersected 771 metres of continuous mineralization grading 0.54% CuEq* (0.33% Cu and 0.039% Mo), including a higher-grade core of 102 metres of 0.87% CuEq* (0.54% Cu and 0.063% Mo), according to the press release.
According to the company, the pattern of the 2026 program keeps expanding mineralization and reproducing the grade model that will underpin the anticipated upcoming Preliminary Economic Assessment ("PEA").
Key Highlights
- MD-068 extends mineralization below the historic drilling: 154 metres of 0.54% CuEq* (0.32% Cu and 0.041% Mo) from 526 metres. The hole ended at planned depth still in mineralization, according to the company.
- Better grade at depth: according to the company, alteration and veining in MD-068 intensify downhole toward the assemblages that form closest to the heat source of a porphyry system.
- MD-070 reproduces the resource model at infill spacing: 771 metres of continuous mineralization grading 0.54% CuEq* (0.33% Cu and 0.039% Mo), including a higher-grade core of 102 metres of 0.87% CuEq* (0.54% Cu and 0.063% Mo) from 396 metres. The company states it is the second daughter hole from the MD-064 platform, which has now produced close to 6,000 metres of drilling in three directions from one pad, reducing drill-rig mobilization.
- Near-term catalyst, the Mocoa PEA: according to the company, all workstreams are advancing on plan and the Company remains on track to deliver the PEA in the fourth quarter of 2026.
- Drilling continues at La Estrella: 2,170 metres completed to date, with assays pending, according to the company.
Hole MD-068 Details
According to the company, hole MD-068 was completed as a directional daughter hole from mother hole MD-067, kicked off at 145 metres and steered east-southeast to test the southeast of the Mocoa system at depth. The company states this sector had previously been tested only by the vertical holes completed by Ingeominas (M16, M18 and M20), which bottomed at approximately 400 metres.
The company reports that MD-068 returned a near-surface high-grade interval of 157 metres of 0.69% CuEq* (0.44% Cu and 0.048% Mo) from 145 metres and a second deeper interval, below the past holes, of 154 metres of 0.54% CuEq* (0.32% Cu and 0.041% Mo) from 526 metres, including 67 metres of 0.60% CuEq* (0.37% Cu and 0.043% Mo). Mother hole MD-067 carries the assays from surface to 145 metres and returned 145 metres of 0.15% CuEq* (0.12% Cu and 0.005% Mo), including 28 metres of 0.42% CuEq* (0.38% Cu and 0.007% Mo) from 117 metres, according to the company. Assays for the remainder of MD-067, which was completed to 756 metres, are pending, the company said.
Hole MD-070 Details
According to the company, hole MD-070 was completed as a directional daughter hole from mother hole MD-064, kicked off at 211 metres and steered due west. The company states it is the second daughter hole drilled from that platform, after MD-066, and that between them, the three holes have delivered close to 6,000 metres of drilling in three separate directions from one pad, without a new road or a new platform.
MD-070 intersected 771 metres of 0.54% CuEq* (0.33% Cu and 0.039% Mo) from 211 metres downhole, including 698 metres of 0.56% CuEq* (0.35% Cu and 0.041% Mo), 313 metres of 0.71% CuEq* (0.46% Cu and 0.047% Mo) and 214 metres of 0.77% CuEq* (0.52% Cu and 0.048% Mo), with a higher-grade core of 102 metres of 0.87% CuEq* (0.54% Cu and 0.063% Mo) from 396 metres, according to the company. A further interval of 53 metres of 0.83% CuEq* (0.60% Cu and 0.045% Mo) was returned from 782 metres, below the principal interval, the company said, extending the third breccia corridor announced in the news release dated June 22, 2026.
According to the company, these grades are consistent with, and locally exceed, the values modelled by the current Mineral Resource Estimate block model.
Quote
"MD-068 is the hole I would look at twice. It sits below the vertical holes Ingeominas drilled decades ago, and it carries better grade at depth than the drilling above it. Those holes stopped where the technology of the day stopped, not where the system stopped. MD-070 does the other half of the job: it came in slightly above the grade model, which tells us the model behind the upcoming PEA is behaving," said Edwin Naranjo Sierra, Vice-President of Exploration.
BTV Media and Marketing Agreement
The Company also reports that it has entered into an agreement (the "BTV Agreement") with Milky Way Marketing Inc. and Blue Sun Productions Inc., operating collectively as BTV, Business Television ("BTV"), pursuant to which BTV will provide media, marketing and communications services in support of the Company's broader communications strategy, according to the company. The services are expected to commence in September 2026 and continue for a period of six months, the company said.
- Aggregate expenditures under the BTV Agreement are anticipated to be up to C$400,000, according to the company.
- The Company will pay BTV total cash consideration of approximately C$320,000, comprised of C$117,700 and US$146,000, plus applicable taxes, from the Company's general working capital.
- Fifty percent is payable upon signing and the remaining 50% is payable on October 1, 2026.
- The BTV Agreement remains subject to acceptance by the TSX Venture Exchange, according to the company.
The company states that BTV and its principals are arm's length to the Company and have no interest, directly or indirectly, in the Company or its securities, and that BTV will not receive any securities of the Company as compensation under the BTV Agreement.
Resources and Financials
- Mocoa Mineral Resource Estimate: Inferred resources of 12.7 billion pounds (Blbs) copper-equivalent (CuEq*) at an average grade of 0.51% CuEq*, including 7.7 Blbs of copper at 0.31% Cu and 1.0 Blbs of molybdenum at 0.039% Mo, within 1,120 million tonnes (Mt), according to the company.
- La Estrella drilling: 2,170 metres completed to date, assays pending.
The company notes that mineralization reported in MD-068 below the level at which the historic drilling ended lies outside the current resource footprint and is not included in the current Mineral Resource Estimate. No mineral resource has been estimated for that material, it is not included in the PEA now in progress, and there is no assurance that further drilling will support its inclusion in any future update of the Mineral Resource Estimate, according to the company.
What to Watch Next
- The Company remains on track to deliver the Mocoa PEA in the fourth quarter of 2026, according to the company.
- Assays for the remainder of MD-067, completed to 756 metres, are pending.
- Assays from the La Estrella drilling program, with 2,170 metres completed to date, are pending.
- The BTV Agreement remains subject to acceptance by the TSX Venture Exchange.
About Copper Giant
Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition, responsibly, efficiently, and with long-term positive impact.
The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction.
Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity, and the catalyst for the Company's name and evolution.
Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring values for all stakeholders and playing a meaningful role in the global energy transition.
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