Latest news with #IanHarris
Cision Canada
4 days ago
- Business
- Cision Canada
COPPER GIANT PROVIDES AN EXPLORATION UPDATE ON ITS 14,000-METRES DRILLING PROGRAM AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, PUTUMAYO, COLOMBIA
Two rigs turning from new pads after heavy rainfall; program back on schedule. 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. 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 the East 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. VANCOUVER, BC, June 17, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce that drilling of holes MD-047 and MD-048 is currently underway as part of the Company's 14,000-metre resource expansion program at its flagship Mocoa porphyry copper-molybdenum project in Putumayo, Colombia. Following intense rainfall in the region and at the drill site, both drill rigs are now fully operational and actively advancing the program. "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 East Valley. In copper, size, scale, and grade matter—and Mocoa is advancing at a time when the world is waking up to the shortage of quality deposits." — Ian Harris, President & CEO 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 Colombia. Hole MD-047 is a strategically positioned drill hole designed to test the geometry, orientation, and continuity of high-grade mineralized structures within the core of the system. Specifically, this hole aims to better constrain the orientation and plunge of the B and C-type veinlets host the bulk of the copper and molybdenum mineralization at Mocoa. The hole was designed with an azimuth of 70-degrees and a -68-degree dip (see Table 1 and Figure 1), oriented approximately perpendicular to the dominant structural tendency of the veining measured in hole MD-046. As of June 17, 2025, MD-047 has reached a depth of 800 metres, with a planned total depth of 900 metres. The first batch of core samples from MD-047 has already been dispatched to the laboratory for analysis, with full assay results expected in the coming days. These results will be key in refining the geological model, increasing confidence in the continuity of mineralization, and informing the placement of future step-out drilling. 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 January 6, 2025), MD-045 (refer to news release dated February 26, 2025) and MD-046 (refer to news release dated May 6, 2025), providing insights into the complex hydrothermal and magmatic evolution of the deposit. The first 120m intersected a strongly argillized dacite porphyry with multiple generations of D-veinlets, locally altered to iron oxides (leach cap). Below this depth, the hole intercepted an Inter-mineral sericite-altered (overprinting locally K-feldspar) porphyry (I1), hosting well-developed A-type veinlets crossing early dark micaceous veinlets (EDM), multiple C-type (chalcopyrite-dominant) veinlets cross-cutting earlier B-type (molybdenite-dominant) veinlets. This is direct evidence of a complex and prolonged mineralization history in a long-lived porphyry system. 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 East Valley target—a highly prospective zone delineated by a strong molybdenum in soil and rock anomaly located to the east of the Mocoa deposit (see Figure 2 and Table 2). Notably, the known Mocoa deposit itself sits on top of a significant molybdenum anomaly (see Figure 2), and the anomaly continues further to the east— "on top of the hill," suggesting the potential for additional porphyry centers yet to be discovered. This concept is further supported by observations from hole MD-046, which intersected (at the end of the hole) a potassic altered (secondary biotite) micro-diorite porphyry (E0) (refer to news release dated May 6, 2025), possibly linked to a distinct magmatic pulse and suggesting a new mineralizing source to the east. 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 June 16, 2025, and the hole is oriented with an azimuth of 45 degrees and a dip of -50 degrees (see Table 1 and Figure 3). Table 2. Assay results for selected rock samples on the East Valley target. Coordinates are UTM system, zone 18N and WGS84 projection. * 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. + Previously reported on January 27, 2025. Qualified Person and Technical Notes Edwin Naranjo Sierra, Exploration Manager of Copper Giant is the designated Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - US$4.00/lb, Mo - US$20.00/lb. Metal recoveries utilized for the resource model are 90% for Cu and 75% for Mo. 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, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. Samples are processed in the Medellin facilities where they are analyzed for copper and molybdenum by 4-Acid digest Atomic Absorption (AA) analysis. The sample pulps are air freighted from Medellin to the ActLabs certified laboratory in Guadalajara, Mexico, where they are analyzed for a suite of 57 elements using 4-Acid digest and ICP-MS. In order to monitor the ongoing quality of assay data and the database, Copper Giant has implemented QA/QC protocols which include standard sampling methodologies, the insertion of certified copper and molybdenum standard materials, blanks, duplicates (field, preparation and analysis) randomly inserted into the sampling sequence. QA/QC program also include the ongoing monitoring of data entry, QA/QC reporting and data validation. No material QA/QC issues have been identified with respect to sample collection, security and assaying. 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 Colombia. Copper Giant holds a district-scale land package of over 790 square kilometres through granted titles and applications, covering a substantial portion of the Jurassic porphyry belt - an underexplored and highly prospective metallogenic zone in the northern Andes. Discovered in 1973 through a regional geochemical survey by the United Nations and the Colombian government, Mocoa has been the subject of multiple exploration campaigns. Between 1978 and 1983, follow-up work included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Additional drilling by B2Gold in 2008 and 2012 helped shape the current geological understanding. The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within Colombia's Central Cordillera. This 30-kilometre wide tectonic belt extends into Ecuador and hosts other major porphyry systems like Mirador, Warintza, San Carlos, and Panantza. Mocoa displays a classical porphyry-style alteration zonation: potassic core, sericitic halo, and outer propylitic zone, with mineralization consisting of disseminated chalcopyrite and molybdenite, and local bornite and chalcocite, associated with stockworks and hydrothermal breccias. 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 Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021. 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 r esponsibility, 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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. SOURCE COPPER GIANT RESOURCES CORP.
Cision Canada
4 days ago
- Business
- Cision Canada
OUTCROP SILVER REPORTS EXCEPTIONAL SENSOR-BASED ORE SORTING RESULTS FROM LA PORFIA VEIN AT SANTA ANA
VANCOUVER, BC, June 17, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to report outstanding results from a sensor-based ore sorting test conducted on mineralized material from the La Porfia vein, part of the high-grade Santa Ana primary silver project in Colombia. The program, carried out by Steinert Latinoamericana in Brazil, evaluated 25–75 mm and 12–25 mm size fractions using a Steinert KSS CLI XT sorter—which combines X-ray Transmission (XRT), 3D laser profiling, and RGB optical sensors. The results show that 17 % of the coarse feed was rejected as waste, while the sorted product delivered a 20 % lift in AgEq grade and retained up to 99.2 % of the silver and 99.7 % of the gold (Table 1). This demonstrates Santa Ana's potential for early, low-impact pre-concentration that could meaningfully reduce mill size, operating costs, and environmental footprint. "These exceptional sorting results—achieving a 20 % grade lift, 17 % waste rejection and up to 99.2 % silver and 99.7 % gold recoveries despite processing lower-grade La Porfía material—highlight Santa Ana's amenability to modern, low-impact processing technologies," commented Ian Harris, President & CEO. "This test underlines our opportunity to shrink the project footprint, lower costs and bolster environmental performance. None of this is possible without the dedication of our on-site teams and the strong partnership with local communities—together carrying a 400-year silver-mining legacy forward and delivering superior value for our shareholders and the next generation." Table 1. Summary results from Sensor-based ore sorting tests applied to mineralized material from the La Porfia vein (Coarse fraction from 25 to 75 mm). Sensor-based ore sorting was applied to mineralized material from the La Porfia vein, part of the high-grade silver-gold epithermal system at the Santa Ana Project, to assess its suitability as a pre-concentration method. The objective was to evaluate the potential for early waste rejection and feed grade enhancement using advanced particle discrimination technologies. Approximately 390 kg of material was prepared and delivered to Steinert Latinoamericana in Belo Horizonte, Brazil, consisting of 300 kg of mineralized rock and 90 kilograms of barren waste rock, collected from underground old workings in La Porfia. A sample of approximately 250 kilograms was then separated from this material. Then, this 250 kg sample was prepared into two different size fractions, resulting in approximately 200 kg of material ranging from 25 to 75 mm in size and around 50 kilograms of material ranging from 12 to 25 mm in size. The sorting was performed using a STEINERT KSS CLI XT unit, which combined X-ray Transmission (XRT) to detect atomic density (ideal for distinguishing silver-rich sulfide mineralization), 3D Laser Profiling for shape recognition and positioning. Additionally, RGB and Inductive sensors were also tested but played secondary roles. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: Assays The resulting sample fractions were sent for assaying to SGS-Geosol in Vespasiano, Minas Gerais, Brazil. The laboratory analytical codes used for Ag assays were GE_ICP40Q and ICP40B_S with multi-acid digestion in both cases. The Au assays were determined by 50 grams fire-assaying with code FAA505. Qualified Person Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and approved the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the Company and is therefore independent for the purposes of NI 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference.
Cision Canada
12-06-2025
- Business
- Cision Canada
OUTCROP SILVER ANNOUNCES FUNDING PARTNER FOR KRAMER HILLS
VANCOUVER, BC, June 12, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce that Silver Mines Limited ("Silver Mines") (ASX: SVL) has optioned Outcrop Silver's Kramer Hills brownfield oxide gold property in San Bernardino, California, USA. Silver Mines may earn up to an 80% stake in Kramer Hills by paying approximately US$6,000,000 (approximately C$8.2 million) in a combination of cash and Silver Mines common shares ("Shares") and free carrying Outcrop Silver through completion of a feasibility study. Kramer Hills consists of 569 BLM claims covering approximately 48 km 2 surrounding a patented claim covering the historic Shaherald oxide gold mine. The project lies along a mapped fault zone approximately 7 kilometres long, with historic shafts, adits and an open pit extending for over 4 kilometers. "Optioning Kramer Hills to Silver Mines continues our strategy of unlocking value from non-core assets while we focus capital on expanding the high-grade Santa Ana silver project," comments Ian Harris, CEO of Outcrop Silver. "Silver Mines has the capital and the expertise to progress Kramer Hills and we are looking forward to partnering with them." Transaction On June 11, 2025, Silver Mines purchased an option on Kramer Hills for US$500,000 payable in cash and subject to the approval of the ASX, 23,500,000 Shares (A$0.13 share on June 10, 2025). The Shares are subject to a voluntary escrow of 12 months. Silver Mines has the option to earn-in to 50% of Kramer Hills by funding US$3,500,000 in exploration within 2 years, issuing an additional US$1,500,000 in Shares and funding the underlying option payments on the patented ground. Silver Mines has the option to earn-in to an additional 30% (80% total) by issuing an additional US$2,000,000 in Shares and free carrying Outcrop Silver through completion of a feasibility study. Upon completion of a feasibility study Outcrop Silver has the option to form a joint venture with Silver Mines or convert it's remaining 20% stake into a 2% net smelter return royalty. The Kramer Hills project was acquired through the amalgamation with Zacapa Resources Ltd. (" Zacapa"). Zacapa's portfolio also included the Pearl porphyr copper project (" Pearl") in Arizona which is optioned to Golden Mile Resources Limited (" Golden Mile") and the 100% owned South Bullfrog gold project in Beatty, Nevada adjacent to Anglo Gold's Silicon and Merlin discoveries. Pearl is currently being drill tested by Golden Mile (see news releases dated May 8, 2025 and June 6, 2025). About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. About Silver Mines Silver Mines owns the Bowdens Silver Project located in central New South Wales, approximately 26 kilometres east of Mudgee. The consolidated project area comprises 2,115 km 2 of titles covering approximately 80 kilometres of strike of the highly mineralised Rylstone Volcanics. Multiple target styles and mineral occurrences have potential throughout the district including analogues to Bowdens Silver, high-grade silver-lead-zinc epithermal and volcanogenic massive sulphide (VMS) systems and copper-gold targets. Bowdens Silver is the largest undeveloped silver deposit in Australia with substantial resources and a considerable body of high-quality technical work completed. The project boasts outstanding logistics for mine development. ON BEHALF OF THE BOARD OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the earn-in of the total 80% interest in Kramer Hills by Silver Mines; the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference.
Yahoo
20-05-2025
- Business
- Yahoo
COPPER GIANT OUTLINES EXPANSION UPSIDE WITH A 977 TO 1,247 MILLION TONNE CONCEPTUAL EXPLORATION TARGET RANGING 0.49 - 0.55% COPPER EQUIVALENT (0.31 - 0.36% CU AND 0.035 - 0.039% MO) AT THE MOCOA DEPOSIT
VANCOUVER, BC, May 20, 2025 /CNW/ - Copper Giant Resources Corp. ("Copper Giant" or the "Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce a preliminary conceptual exploration target (the "Exploration Target") at its Mocoa copper-molybdenum project in Putumayo, Colombia (the "Mocoa Project"). Developed in collaboration with APEX Geoscience Ltd. ("APEX"), the Exploration Target outlines the potential to significantly expand the mineralized envelope beyond the limits of the Current (2021) Mineral Resource Estimate1. An integrated reinterpretation of drilling, geophysical and geochemical data shows that Mocoa meets every hallmark of a tier-one porphyry system, reinforcing its district-scale growth potential and guiding the next phase of resource-expansion drilling. Working with APEX, Copper Giant has outlined a conceptual Exploration Target for material lying outside the Current (2021) Mineral Resource Estimate1; highlights include: Target size: 977 – 1,247 million tonnes Target grade: 0.49 – 0.55 CuEq (0.31 – 0.36% Cu and 0.035 – 0.039% Mo) The Exploration Target is based on all drilling to date at the project and is exclusive of, and represents the exploration upside of, the area surrounding and outside of the Current (2021) Mineral Resource Estimate. The quantity and grade of the Exploration Target mineralized material are conceptual in nature, as there has not been sufficient exploration and drilling to define a mineral resource, and it is uncertain whether exploration will result in the target being delineated as a mineral resource. The defined Exploration Target should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction (RPEEE). Ian Harris, President & CEO commented: "Every round of drilling deepens our conviction that we're only touching the tail of the elephant at Mocoa. This new Exploration Target, prepared in collaboration with APEX Geoscience, shows the potential to double—almost triple—the existing resource, and we're still focused just on the area surrounding current drilling. It ticks all the boxes of a major porphyry system: scale, continuity, and multi-phase enrichment. Most importantly, it gives us a clear, data-driven roadmap for aggressive resource expansion. In accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Copper Giant has established the Exploration Target for the Mocoa Project. The target ranges from approximately 977 to 1,247 million tonnes of mineralized material, grading between 0.31 and 0.36% Cu and 0.035 and 0.039% Mo. These figures are conceptual in nature and based on limited drilling and geological modeling. There has not been sufficient exploration to define a current mineral resource, and it remains uncertain whether further work will lead to the delineation of a mineral resource. The Exploration Target has not yet been assessed for RPEEE. A new NI 43-101 technical report is being completed by Mr. Michael Dufresne (MSc, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101. The technical report will include details on the Exploration Target. Cut-off (% CuEq*) Million tonnes Cu (%) Mo (%) CuEq* (%) 0.20 1,247 0.31 0.035 0.49 0.25 1,114 0.33 0.037 0.52 0.30 977 0.36 0.039 0.55 Table 1 – Exploration Target for the Mocoa Project. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has not been sufficient exploration and drilling to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for RPEEE. *Copper equivalent (CuEq) for the Exploration Target is calculated as: CuEq (%) = Cu (%) + 5.0 × Mo (%), utilizing metal prices of Cu - US$4.20/lb and Mo - US$25.00/lb and metal recoveries of 90% Cu and 75% Mo. The Exploration Target used a modern 3D-geological model provided by Company geologists for the Mocoa Project, which was derived from 46 drillholes yielding a total of 29,748 metres. The drillhole database contains a full-set of 17,040 sample intervals with complete multi-element geochemical results. The Exploration Target was developed using both copper and molybdenum assay results from previous and Copper Giant's most recent drilling. Mineralization trends were evaluated visually to generate a trend model, which informed the construction of grade shells. These grade shells were used to estimate the distribution of mineralized tonnes and grade to support the generation of grade-tonnage curves. The Exploration Target will be utilized to guide future drilling in these areas of known mineralization. Over the Exploration Target there are a total of 31 drillholes (Ingeominas-United Nations) yielding a total of 18,307 meters, and 15 modern (B2gold and Copper Giant) drillholes yielding a total of 11,441 meters in the drillhole database. The drillhole database contains a total of 17,040 sample interval entries. A total of 5,626 sample intervals are contained within the mineralization domains utilized for the Exploration Target New Geological Interpretation Highlights Mocoa's District-Scale Potential Over the past six months, Copper Giant's technical team has completed a comprehensive re-interpretation of the robust geological, geochemical, and geophysical datasets from the Mocoa Project. This effort also incorporates results from the most recent drill holes: MD–043 (refer to news release dated April 26, 2022) MD–044 (refer to news release dated January 6, 2025), MD–045 (refer to news release dated February 26, 2025) and MD–046 (refer to news release dated May 6, 2025), which collectively cover a ~1 × 1 kilometer area. The updated interpretation confirms that the Mocoa Project exhibits the hallmark features of the world's largest porphyry copper systems, underscoring its potential as a district-scale discovery. Key observations include: Tectonic setting – Mocoa lies in the Andean cordillera, a prime jurisdiction for large tier-one porphyry deposits. Mocoa is part of the Jurassic porphyry belt of the Andean magmatic arc, part of the same compressional belt that hosts Mirador*, Warintza*, San Carlos*, and Panantza*, all located in Ecuador. Extended fertile period* – U-Pb zircon and Re-Os molybdenite geochronology reveal a prolonged magmatic-hydrothermal window of approximately 10 million years (182–172 Ma), allowing sustained metal circulation and overprinting. Multiphase intrusions – The presence of early-, inter-, and late-mineral porphyries, as well as mineralized breccias, reflects a dynamic, long-lived system with repeated episodes of metal input and fluid flow. Fertile magma chemistry – Whole-rock geochemistry confirms a calc-alkaline, hydrous, and oxidized magma source with elevated Sr/Y ratios, typical of fertile porphyry systems. Large alteration footprint – Surface mapping and magnetic data (refer to news release dated May 3, 2022) define a 6 × 5 km demagnetized zone (~30 km²) with classic concentric potassic, phyllic, and propylitic zonation based on the alteration modelling. High stockwork density and metal zoning – Core logging reveals ≥3% quartz-vein stockwork densities related to the high-grade zones. Modelled geochemical patterns show molybdenum enrichment near surface and lung-shaped surrounding the high-grade copper shell. Volume, vertical extent, and openness – Based on recent drilling, the Mocoa porphyry system has been defined over a strike length of approximately 2.5 kilometres, with a width of 1.0 kilometre and vertical continuity exceeding 1.0 kilometre. In addition, integrated interpretation of geophysical surveys (refer to news release dated May 3, 2022) and follow-up fieldwork (refer to news releases dated November 15, 2022; February 7, 2023; January 27, 2025) has outlined at least nine additional porphyry targets across the broader project area, underscoring the district-scale potential beyond the main Mocoa deposit. *The Fertile Period represents the duration of magmatic-hydrothermal activity associated with copper mineralization, based on radiometric dating methods such as U-Pb, Re-Os, and K-Ar for the Mocoa project. Mirador, Warintza, San Carlos and Panantza are independent of Copper Giant and are no guarantee of the future performance of Copper Giant projects and no inference can be made of mineral resources or reserves from adjacent deposits. Qualified Person and Technical Notes Edwin Naranjo Sierra, Exploration Manager of Copper Giant is the designated Qualified Person within the meaning of NI 43-101 and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). The Mocoa Project Exploration Target was completed by Mr. Michael Dufresne (MSc, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101 and he has reviewed and approved of the disclosure herein. Current Mineral Resource Estimate for the Mocoa Project LOCATION CATEGORY MTONNES CuEq2 (%) Cu (%) Mo (%) CuEq (Blbs) Cu (Blbs) Mo (Mlbs) Oxide and Transition Inferred 139 0.41 0.32 0.026 1.25 0.99 78.3 Sulphide Inferred 497 0.46 0.33 0.04 5.06 3.61 432.7 Total Inferred 636 0.45 0.33 0.036 6.31 4.6 510.5 Notes: The mineral resources were estimated in accordance with CIM Definition Standards for Mineral Resources and Reserves. In–pit resources are contained within an optimized shell generated using US$3.00/lb Cu and US$10.00/lb Mo; CuEq %= Cu % + 3.33 × Mo %. Base–case cut–off grade: 0.25 % CuEq. Metal recoveries applied: 90 % Cu, 75 % Mo (preliminary historical internal metallurgical testing). Optimized–pit parameters: Cu US$3.00/lb, Mo US$10.00/lb, 45° slope, mining cost US$2.50/t, G&A US$2.00/t, processing cost US$10.00/t. Effective date: 1 November 2021. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Cautionary note: a Regional Forest Reserve formerly overlapped the western part of the deposit, limiting the pit to 325 Mt at 0.46 % CuEq. Subsequent boundary updates confirmed no overlap between the Reserve and the known Mocoa resource (refer to Copper Giant's news release dated November 12, 2024). 1For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021. 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 Colombia. Copper Giant holds a district-scale land package of over 790 square kilometres through granted titles and applications, covering a substantial portion of the Jurassic porphyry belt - an underexplored and highly prospective metallogenic zone in the northern Andes. Discovered in 1973 through a regional geochemical survey by the United Nations and the Colombian government, Mocoa has been the subject of multiple exploration campaigns. Between 1978 and 1983, follow-up work included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Additional drilling by B2Gold in 2008 and 2012 helped shape the current geological understanding. The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within Colombia's Central Cordillera. This 30-kilometre-wide tectonic belt extends into Ecuador and hosts other major porphyry systems like Mirador, Warintza, San Carlos, and Panantza. Mocoa displays a classical porphyry-style alteration zonation: potassic core, sericitic halo, and outer propylitic zone, with mineralization consisting of disseminated chalcopyrite and molybdenite, and local bornite and chalcocite, associated with stockworks and hydrothermal breccias. 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. 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 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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 potential exploration target and its ability to expand the mineralization envelope of the Mocoa Project, the timing and potential to issue and the results of an updated technical report; the outcome of the Company's Exploration Target; other activities and achievements of the Company, including but not limited to: the timing and success for the advancement of the Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the uncertainty if further exploration will result in the Exploration Target being delineated as a mineral resource, market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. SOURCE COPPER GIANT RESOURCES CORP. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
20-05-2025
- Business
- Cision Canada
COPPER GIANT OUTLINES EXPANSION UPSIDE WITH A 977 TO 1,247 MILLION TONNE CONCEPTUAL EXPLORATION TARGET RANGING 0.49 - 0.55% COPPER EQUIVALENT (0.31 - 0.36% CU AND 0.035 - 0.039% MO) AT THE MOCOA DEPOSIT
VANCOUVER, BC, May 20, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce a preliminary conceptual exploration target (the "Exploration Target") at its Mocoa copper-molybdenum project in Putumayo, Colombia (the "Mocoa Project"). Developed in collaboration with APEX Geoscience Ltd. ("APEX"), the Exploration Target outlines the potential to significantly expand the mineralized envelope beyond the limits of the Current (2021) Mineral Resource Estimate 1. An integrated reinterpretation of drilling, geophysical and geochemical data shows that Mocoa meets every hallmark of a tier-one porphyry system, reinforcing its district-scale growth potential and guiding the next phase of resource-expansion drilling. Working with APEX, Copper Giant has outlined a conceptual Exploration Target for material lying outside the Current (2021) Mineral Resource Estimate 1; highlights include: Target size: 977 – 1,247 million tonnes Target grade: 0.49 – 0.55 CuEq (0.31 – 0.36% Cu and 0.035 – 0.039% Mo) The Exploration Target is based on all drilling to date at the project and is exclusive of, and represents the exploration upside of, the area surrounding and outside of the Current (2021) Mineral Resource Estimate. The quantity and grade of the Exploration Target mineralized material are conceptual in nature, as there has not been sufficient exploration and drilling to define a mineral resource, and it is uncertain whether exploration will result in the target being delineated as a mineral resource. The defined Exploration Target should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction (RPEEE). Ian Harris, President & CEO commented: "Every round of drilling deepens our conviction that we're only touching the tail of the elephant at Mocoa. This new Exploration Target, prepared in collaboration with APEX Geoscience, shows the potential to double—almost triple—the existing resource, and we're still focused just on the area surrounding current drilling. It ticks all the boxes of a major porphyry system: scale, continuity, and multi-phase enrichment. Most importantly, it gives us a clear, data-driven roadmap for aggressive resource expansion. In accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Copper Giant has established the Exploration Target for the Mocoa Project. The target ranges from approximately 977 to 1,247 million tonnes of mineralized material, grading between 0.31 and 0.36% Cu and 0.035 and 0.039% Mo. These figures are conceptual in nature and based on limited drilling and geological modeling. There has not been sufficient exploration to define a current mineral resource, and it remains uncertain whether further work will lead to the delineation of a mineral resource. The Exploration Target has not yet been assessed for RPEEE. A new NI 43-101 technical report is being completed by Mr. Michael Dufresne (MSc, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101. The technical report will include details on the Exploration Target. Table 1 – Exploration Target for the Mocoa Project. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has not been sufficient exploration and drilling to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target Model has not been evaluated for RPEEE. *Copper equivalent (CuEq) for the Exploration Target is calculated as: CuEq (%) = Cu (%) + 5.0 × Mo (%), utilizing metal prices of Cu - US$4.20/lb and Mo - US$25.00/lb and metal recoveries of 90% Cu and 75% Mo. The Exploration Target used a modern 3D-geological model provided by Company geologists for the Mocoa Project, which was derived from 46 drillholes yielding a total of 29,748 metres. The drillhole database contains a full-set of 17,040 sample intervals with complete multi-element geochemical results. The Exploration Target was developed using both copper and molybdenum assay results from previous and Copper Giant's most recent drilling. Mineralization trends were evaluated visually to generate a trend model, which informed the construction of grade shells. These grade shells were used to estimate the distribution of mineralized tonnes and grade to support the generation of grade-tonnage curves. The Exploration Target will be utilized to guide future drilling in these areas of known mineralization. Over the Exploration Target there are a total of 31 drillholes (Ingeominas-United Nations) yielding a total of 18,307 meters, and 15 modern (B2gold and Copper Giant) drillholes yielding a total of 11,441 meters in the drillhole database. The drillhole database contains a total of 17,040 sample interval entries. A total of 5,626 sample intervals are contained within the mineralization domains utilized for the Exploration Target New Geological Interpretation Highlights Mocoa's District-Scale Potential Over the past six months, Copper Giant's technical team has completed a comprehensive re-interpretation of the robust geological, geochemical, and geophysical datasets from the Mocoa Project. This effort also incorporates results from the most recent drill holes: MD–043 (refer to news release dated April 26, 2022) MD–044 (refer to news release dated January 6, 2025), MD–045 (refer to news release dated February 26, 2025) and MD–046 (refer to news release dated May 6, 2025), which collectively cover a ~1 × 1 kilometer area. The updated interpretation confirms that the Mocoa Project exhibits the hallmark features of the world's largest porphyry copper systems, underscoring its potential as a district-scale discovery. Key observations include: Tectonic setting – Mocoa lies in the Andean cordillera, a prime jurisdiction for large tier-one porphyry deposits. Mocoa is part of the Jurassic porphyry belt of the Andean magmatic arc, part of the same compressional belt that hosts Mirador*, Warintza*, San Carlos*, and Panantza*, all located in Ecuador. Extended fertile period* – U-Pb zircon and Re-Os molybdenite geochronology reveal a prolonged magmatic-hydrothermal window of approximately 10 million years (182–172 Ma), allowing sustained metal circulation and overprinting. Multiphase intrusions – The presence of early-, inter-, and late-mineral porphyries, as well as mineralized breccias, reflects a dynamic, long-lived system with repeated episodes of metal input and fluid flow. Fertile magma chemistry – Whole-rock geochemistry confirms a calc-alkaline, hydrous, and oxidized magma source with elevated Sr/Y ratios, typical of fertile porphyry systems. Large alteration footprint – Surface mapping and magnetic data (refer to news release dated May 3, 2022) define a 6 × 5 km demagnetized zone (~30 km²) with classic concentric potassic, phyllic, and propylitic zonation based on the alteration modelling. High stockwork density and metal zoning – Core logging reveals ≥3% quartz-vein stockwork densities related to the high-grade zones. Modelled geochemical patterns show molybdenum enrichment near surface and lung-shaped surrounding the high-grade copper shell. Volume, vertical extent, and openness – Based on recent drilling, the Mocoa porphyry system has been defined over a strike length of approximately 2.5 kilometres, with a width of 1.0 kilometre and vertical continuity exceeding 1.0 kilometre. In addition, integrated interpretation of geophysical surveys (refer to news release dated May 3, 2022) and follow-up fieldwork (refer to news releases dated November 15, 2022; February 7, 2023; January 27, 2025) has outlined at least nine additional porphyry targets across the broader project area, underscoring the district-scale potential beyond the main Mocoa deposit. *The Fertile Period represents the duration of magmatic-hydrothermal activity associated with copper mineralization, based on radiometric dating methods such as U-Pb, Re-Os, and K-Ar for the Mocoa project. Mirador, Warintza, San Carlos and Panantza are independent of Copper Giant and are no guarantee of the future performance of Copper Giant projects and no inference can be made of mineral resources or reserves from adjacent deposits. Qualified Person and Technical Notes Edwin Naranjo Sierra, Exploration Manager of Copper Giant is the designated Qualified Person within the meaning of NI 43-101 and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). The Mocoa Project Exploration Target was completed by Mr. Michael Dufresne (MSc, President and CEO of APEX, an independent Qualified Person as defined by NI 43-101 and he has reviewed and approved of the disclosure herein. Current Mineral Resource Estimate for the Mocoa Project Notes: The mineral resources were estimated in accordance with CIM Definition Standards for Mineral Resources and Reserves. In–pit resources are contained within an optimized shell generated using US$3.00/lb Cu and US$10.00/lb Mo; CuEq %= Cu % + 3.33 × Mo %. Base–case cut–off grade: 0.25 % CuEq. Metal recoveries applied: 90 % Cu, 75 % Mo (preliminary historical internal metallurgical testing). Optimized–pit parameters: Cu US$3.00/lb, Mo US$10.00/lb, 45° slope, mining cost US$2.50/t, G&A US$2.00/t, processing cost US$10.00/t. Effective date: 1 November 2021. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Cautionary note: a Regional Forest Reserve formerly overlapped the western part of the deposit, limiting the pit to 325 Mt at 0.46 % CuEq. Subsequent boundary updates confirmed no overlap between the Reserve and the known Mocoa resource (refer to Copper Giant's news release dated November 12, 2024). 1 For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021. 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 Colombia. Copper Giant holds a district-scale land package of over 790 square kilometres through granted titles and applications, covering a substantial portion of the Jurassic porphyry belt - an underexplored and highly prospective metallogenic zone in the northern Andes. Discovered in 1973 through a regional geochemical survey by the United Nations and the Colombian government, Mocoa has been the subject of multiple exploration campaigns. Between 1978 and 1983, follow-up work included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Additional drilling by B2Gold in 2008 and 2012 helped shape the current geological understanding. The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within Colombia's Central Cordillera. This 30-kilometre-wide tectonic belt extends into Ecuador and hosts other major porphyry systems like Mirador, Warintza, San Carlos, and Panantza. Mocoa displays a classical porphyry-style alteration zonation: potassic core, sericitic halo, and outer propylitic zone, with mineralization consisting of disseminated chalcopyrite and molybdenite, and local bornite and chalcocite, associated with stockworks and hydrothermal breccias. 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. 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 r esponsibility, 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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 potential exploration target and its ability to expand the mineralization envelope of the Mocoa Project, the timing and potential to issue and the results of an updated technical report; the outcome of the Company's Exploration Target; other activities and achievements of the Company, including but not limited to: the timing and success for the advancement of the Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the uncertainty if further exploration will result in the Exploration Target being delineated as a mineral resource, market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. SOURCE COPPER GIANT RESOURCES CORP.
