COPPER GIANT PROVIDES AN EXPLORATION UPDATE ON ITS 14,000-METRES DRILLING PROGRAM AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, PUTUMAYO, COLOMBIA
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Two rigs turning from new pads after heavy rainfall; program back on schedule.
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MD-047 at 800 m of planned 900 m;
first core samples have been dispatched to the lab and assay results are imminent pending
. MD-047 was strategically designed to further define the geometry of the high-grade core of the Mocoa porphyry system. Its purpose is to better define the orientation and plunge of mineralized C- and B-type veinlets, which host the bulk of the copper and molybdenum mineralization.
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MD-048 started
June 16 th to evaluate East Valley Mo-Cu anomaly ~ 600 m east of current resource shell. MD-048 is the first drill hole designed to test theEast Valley target, following a prominent molybdenum-in-soil and rock anomaly located east of the current drill area. This represents a significant step-out beyond the existing footprint of the deposit and aims to evaluate new mineralized potential. -
14,000 m campaign focused on significant resource expansion. Current drilling is guided by May-2025 exploration target (977–1,247 Mt at 0.49–0.55 % CuEq) designed to convert conceptual tonnes (refer to news release dated
May 20, 2025 ) into resources and build on the strong results to date.
"We're back at full speed. With both rigs turning from new pads, the program is regaining momentum and delivering the data we need. MD-047 is nearing completion with critical insights into the high-grade geometry of Mocoa—but the real excitement is MD-048. It's our first step into new ground at
Hole MD-047
Copper Giant continues to advance its 14,000-metre resource expansion drilling program at the Mocoa porphyry copper-molybdenum deposit in southern
Hole |
Easting |
Northing |
Elevation |
Planned depth |
Azimuth |
Dip |
Zone |
MD-047 |
313634 |
137883 |
1834 |
900m |
70 |
-68 |
Mocoa |
MD-048 |
314329 |
137929 |
1669 |
800m |
45 |
-50 |
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Table 1. Collar and design information of drill hole MD-047 and MD-048 at Mocoa. Coordinates are UTM system, zone 18N and WGS84 projection. |
Detailed anaconda logging of drill hole MD-047 shows multiple stages of hydrothermal alteration as observed in recent holes MD-044 (refer to news release dated
MD-048
As part of Copper Giant's strategy to expand the Mocoa porphyry system, hole MD-048 represents the first-ever drill hole targeting a new area well beyond the limits of the current drilled and resource-defined footprint. This hole is testing the
MD-048 is a significant step-out hole designed to evaluate the copper and molybdenum potential in this untested area and to assess the possibility of discovering additional porphyry centers outside the known deposit. Its outcome will be critical in determining whether mineralization extends into this new zone, potentially opening up an entirely new target corridor. Drilling of MD-048 began on
Sample Id |
Cu (ppm) |
Mo (ppm) |
Pb (ppm) |
Zn (ppm) |
Easting |
Northing |
Elevation |
R00189+ |
205.85 |
18.92 |
6.0 |
2.8 |
314085 |
138007 |
1664 |
R00511+ |
132.54 |
65.12 |
3.52 |
3.92 |
314102 |
137957 |
1622 |
124116 |
425.5 |
28.8 |
2.6 |
6.0 |
314161 |
137989 |
1632 |
124118 |
617.7 |
36.0 |
4.1 |
9.0 |
314178 |
138027 |
1654 |
124122 |
376.4 |
19.8 |
3.2 |
10.0 |
314240 |
138056 |
1678 |
124120 |
72.8 |
29.0 |
0.7 |
9.0 |
314159 |
138122 |
1738 |
R00207+ |
361.23 |
33.7 |
8.94 |
11.16 |
314298 |
138217 |
1839 |
R00524 |
53.44 |
16.57 |
3.06 |
53.92 |
314555 |
138199 |
1890 |
R00564+ |
619.8 |
28.02 |
7.47 |
12.35 |
314703 |
138476 |
1898 |
R00563 |
61.42 |
16.5 |
23.56 |
21.32 |
314797 |
138479 |
1849 |
Table 2. Assay results for selected rock samples on the |
* |
Rock sample results are inherently selective in nature. As such, these results may not be representative of the underlying geological values or the overall mineralization within the sampled area. |
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Qualified Person and Technical Notes
*Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu -
Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.
Copper Giant operates according to a rigorous Quality Assurance and Quality Control (QA/QC) protocol consistent with industry best practices. Core diameter is a mix of HQ and NQ depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged in maximum 2-metre intervals, stopping in geological boundaries. Samples were bagged, tagged and packaged for shipment by truck from Copper Giant's core logging facilities in Mocoa,
About the Mocoa Porphyry System
The Mocoa project is located in the department of Putumayo, approximately 10 kilometres from the town of Mocoa in southern
Discovered in 1973 through a regional geochemical survey by the
The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within
The system features over 1,000 metres of vertical continuity, overlapping hydrothermal stages, and a broad alteration footprint. Multiple intrusive phases, brecciation events, and vein generations suggest a dynamic magmatic-hydrothermal evolution likely driven by more than one porphyry center.
Mocoa remains open in all directions, with several satellite targets identified across the broader land package. These features support the interpretation of a district-scale porphyry system and position Mocoa as one of the most significant undeveloped copper-molybdenum assets in the Andes
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For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the |
About Copper Giant
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
Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, including statements regarding the drilling results of MD-047 and MD-048, the outcome of the Company's current resource expansion strategy; other activities and achievements of the Company, including but not limited to: the timing and success for the advancement of the
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