Latest news with #CopperGiant
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.
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
06-05-2025
- Business
- Cision Canada
COPPER GIANT EXTENDS THE MOCOA COPPER PORPHYRY EAST, INTERSECTING COPPER MINERALIZATION IN ZONES PREVIOUSLY MODELLED AS WASTE
656-metres at 0.52 % CuEq* (0.39% Cu and 0.03% Mo), starting from surface, in step–out hole MD–046 underpins near–term resource growth and district–scale potential MD-046 includes 72 metres at 0.92% CuEq* (0.74% Cu and 0.05% Mo), starting from 304.48m, within current constrained shell potentially a significant extension to the east of the northernly plunging high-grade core Copper mineralization occurs beneath the current constrained shell in ground previously classified as waste Holes MD0-43, MD-044, MD-045 and MD-046 together cover an extensive 1,000-metre by 600-metre block down approximately 1,000-metres of depth of continuous mineralization starting at surface - confirm continuity, scale, and high-grade zones, supporting a potential multi-billion tonne porphyry system Second rig mobilized and original rig moved to a new pad to accelerate expansion with significant step-outs and new target testing VANCOUVER, BC, May 6, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H) is pleased to announce assay results for the first step-out drill hole to the east, MD-046, part of its 14,000-metre resource expansion drilling program at its flagship Mocoa porphyry copper – molybdenum project in Putumayo, Colombia. A second drill rig has now been mobilized to accelerate step-out drilling and target new zones of mineralization. The hole intercepted 1,007-metres grading 0.38% CuEq* (0.28% Cu and 0.02% Mo) from surface to the end of the hole, including 829-metres grading 0.44% CuEq* (0.33% Cu and 0.03% Mo). MD-046 is particularly significant because it intersected copper-molybdenum mineralization in a zone previously modelled as waste, directly supporting potential near-term resource growth. Together, holes MD-043 through MD-046 have confirmed the presence of broad, continuous, near-surface copper-molybdenum mineralization, demonstrating the continuity, scale, and robust nature of the Mocoa porphyry system. Ian Harris, President & CEO commented: "Every metre of drilling is rewiring our view of Mocoa. With MD–046 we pushed a significant interval, into an area that our last model wrote off as waste. Four holes in a row, fanned out in all directions show continuous copper mineralization starting at surface in kilometer long intercepts. Opportunities to unlock a district–scale porphyry system at this stage of the cycle are vanishingly rare; that's why we fast–tracked a second rig and are lining up larger step–outs and fresh targets right now. Our conviction is simple: Mocoa has the geology, scale, and momentum to become one of the most significant undeveloped copper assets in the Andes—and we're still in the early innings." Hole MD-046 Copper Giant continues to advance its 14,000-metre resource expansion drilling program at the Mocoa porphyry deposit. Hole MD-046 represents a pivotal step-out to the east, marking the third hole of the campaign. The drill hole was strategically designed to test the eastern extension of the deposit and target both lateral and vertical continuity in a zone previously untested by drilling and modeled as waste (see figure 1). Importantly, this hole intersected strong mineralization well below the base of the current pit-constrained resource design (see figure 2 and table 1). Detailed anaconda logging of drill hole MD-046 shows multiple stages of hydrothermal alteration, providing insights into the complex hydrothermal evolution of the deposit. The first 90m intersected a strongly argillized dacite porphyry with multiple generations of D-veinlets, locally altered to iron oxides. Below this depth, the hole intercepted an early potassic-altered (K-feldspar) porphyry (E0 and E1), hosting well-developed A-type veinlets and disseminated chalcopyrite and molybdenite mineralization (see figure 3A). As drilling progressed, MD-046 intercepted an intermineral porphyry unit with intense sericite alteration, locally brecciated (see figure 3B). This unit contains multiple C-type (chalcopyrite-dominant) veinlets cross-cutting earlier B-type (molybdenite-dominant) veinlets, indicative of a complex and prolonged mineralization history (see figure 3C). Table 1 - Assay results for drill hole MD-046. *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - US$4.00/lb and Mo - US$20.00/lb and metal recoveries of 90% Cu and 75% Mo. Grades are uncut. Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths. Below 700-metres down-hole, MD-046 intercepted a newly discovered early propylitic-altered quartz-diorite unit (E2) overprinted by potassic alteration defined by A-type and K-spar veinlets (see figure 3D) and intruded by the intermineral sericite-altered dacite porphyry unit. Hole was ended over an early diorite porphyry (E0) with multiple A-type veining. Results from MD-046, together with previous holes MD-043, MD-044, MD-045 (for more details refer to news releases dated April 26, 2022; January 6, 2025 and February 26, 2025) demonstrate consistency of mineralization from surface to depth across a broad area. Combined geological and geophysical data (refer to news release dated May 3, 2022) suggest that Mocoa is a robust and classical porphyry system where at least three main stages of magmatic-hydrothermal activity have been recorded to date: Early magmatic pulses: (E0) - related to the intrusion of a potassic altered (secondary biotite) micro-diorite porphyry with disseminated chalcopyrite and molybdenite. (E1) – related to a second early intrusion of a potassic altered (Kspar) quartz-diorite with EB-veining crossing by late A and K-spar veining. (E2) – related to a propylitic-altered quartz-diorite with multiple overprinting K-spar and A-type veining. Intra-mineral magmatic pulse: (I1) – related to a strong sericite altered dacite porphyry with multiple C and B-type veinlets generations and locally overprinted potassic alteration. Brecciation stage: brecciation (Bx) – three breccias have been recorded within the porphyry system. This stage is characterized by the introduction of third generation of chalcopyrite and a second generation of molybdenite as a matrix-infill. A notable feature within the breccia is the presence of early potassic-altered porphyry fragments (E0 and E1), which exhibit truncated A-type and K-spar veinlets, as well as strongly phyllic-altered intra-mineral dacite porphyry fragments (I1) containing early C and B-type veinlets. These features support the interpretation of a well-preserved, multi-phase porphyry system potentially influenced by more than one magmatic center with multiple magmatic-hydrothermal pulses, each contributing to the metal endowment. The interplay of early, intra-mineral, and late-stage brecciation events, as well as vein overprinting relationships, point to a large, dynamic porphyry system with room for further growth. The multi-phase intrusion history, overlapping vein generations, and zoned alteration footprint confirmed across multiple holes are all hallmarks of a well-preserved, large-scale porphyry system. 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 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 National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("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-046, 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.
Cision Canada
01-05-2025
- Business
- Cision Canada
COPPER GIANT RESOURCES COMPLETES NAME CHANGE
VANCOUVER, BC, May 1, 2025 /CNW/ - (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H) announces that, effective today, the Company has changed its name from "Libero Copper & Gold Corporation" to "Copper Giant Resources Corp." Shares will begin trading under the new name and ticker symbol "CGNT" on the TSX Venture Exchange ("TSXV") at market open on May 1, 2025. The name change reflects the Company's evolution and growing focus on the copper sector, anchored by its belief in the broader potential of the Mocoa project in Colombia. About Copper Giant Resources Corp. 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. SOURCE Copper Giant Resources Corp.
