COPPER GIANT ANNOUNCES PARTIAL DRILL RESULT OF HOLE MD-047, INCLUDING 303-METRES GRADING 0.54% COPPER - THE HIGHEST COPPER INTERCEPT TO DATE WITHIN A PORPHYRY UNIT AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, PUTUMAYO, COLOMBIA
- Hole MD-047 intercepted visible copper and molybdenum mineralization from surface to the end of the hole (EOH). First 489m assayed 0.45% CuEq* (0.35% Cu and 0.02% Mo), including 303-metres grading 0.67% CuEq* (0.54% Cu and 0.03% Mo). These represent the highest copper grades intersected to date within a porphyry unit at Mocoa. Final assay results will be reported in the upcoming days (Table 1 and Figure 2).
- MD-047 confirms the orientation of C and B-type veinlets host the bulk of copper and molybdenum mineralization at Mocoa, and the high-grade interval suggests a newly recognized high-grade phase within a porphyry, previously seen only in mineralized breccias. Detailed logging shows a multi-stage mineralization event with multiple generation of veining within a sericite-altered intermineral porphyry (I1). Most of the C-veinlets trend 188/58 (Dip Direction/Dip) and the B-type trend 232/60 (Dip Direction/Dip). This new structural information is now being integrated into the 3D geological model of Mocoa to better understand the high-grade copper and molybdenum distribution within the porphyry deposit.
- Copper Giant clarifies that Resolution 0631 issued by Corpoamazonia does not apply to its permitted mining titles or current exploration activities. Further details are provided below.
"This is one of the most exciting results at Mocoa to date—303 metres at 0.54% copper, entirely within a porphyry unit, not breccia. That's a major development. It points to a new high-grade phase and validates the broader upside we outlined in our updated exploration target. With both rigs now turning, we're advancing quickly to define scale, unlock new zones, and position Mocoa as one of the few remaining copper systems with real potential to grow meaningfully." —
Hole MD-047
Hole MD-047 continues to improve geological understanding of the Mocoa porphyry system and provides further evidence for its large-scale, multi-phase nature. Detailed Anaconda-style logging has confirmed multiple overprinting stages of hydrothermal alteration, consistent with those documented in holes MD-044 (refer to news release dated
MD-047 |
From |
To |
Interval |
Cu (%) |
Mo (%) |
CuEq* (%) |
|
0 |
489 |
489 |
0.35 |
0.02 |
0.45 |
including |
187 |
489 |
303 |
0.54 |
0.03 |
0.67 |
and including |
395 |
489 |
94 |
0.53 |
0.05 |
0.74 |
|
490 |
810 |
321 |
pending |
pending |
pending |
Table 1 – Partial assay results for drill hole MD-047. *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - |
Drilling of MD-047 experienced a five-day delay at approximately 810 metres depth due to drill rods stuck in a fractured zone. A wedge was successfully installed to bypass the obstruction, all issues have been resolved, and drilling is now advancing according to plan toward the target depth. Logging of the remaining core is ongoing, and samples from the lower interval will be submitted for assay once logging and sampling procedures are completed. Final assay results will be reported as they become available.
Clarification on Resolution 0631 Issued by Corpoamazonia
Copper Giant is aware of public commentary surrounding Resolution No. 0631, issued by Corpoamazonia on June 13, 2025, regarding mining activity within the municipality of Mocoa. While the resolution has generated attention, it does not apply to existing mining titles, active exploration programs, or projects with valid permits. Copper Giant's current operations remain fully permitted, in compliance with all legal and regulatory frameworks, and entirely unaffected.
Resolution 0631 applies solely to new mining titles within a defined 93,000-hectare portion of the municipality of Mocoa, which spans approximately 130,500 hectares (1,305 km²). It does not suspend environmental permitting or introduce new legal thresholds. Instead, it places a conditional pause on new mining initiatives—subject to technical and scientific evaluation demonstrating no severe or irreversible environmental harm. These requirements mirror
The resolution also designates the area as an "Area of Environmental Interest." While this term signals an intent to prioritize environmental considerations in territorial planning, it carries no direct legal implications for existing operations.
The timing and tone of the resolution appear aligned with
Copper Giant would also like to clarify that Colombian law recognizes each Indigenous community as autonomous, with the right to prior consultation when a project overlaps its territory. Within the Mocoa project, only the
In addition, the Company engages other Indigenous communities in the region through a dedicated Coordinator for Ethnic Communities, ensuring all stakeholders are informed of our activities and the scientific basis guiding our work. Educational materials have been translated into the Inga language to support culturally aligned communication.
Copper Giant continues to operate to the highest environmental and technical standards. Drilling remains active under our permitted resource expansion program, with full coordination across national and regional authorities. We remain committed to transparency, regulatory compliance, and long-term partnership with communities.
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
1
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
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, 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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