10:57 AM EDT, 10/07/2025 (MT Newswires) -- Copper Giant Resources ( LBCMF ) Tuesday reported assay results from drill hole MD-049, confirming the northern extension of the Mocoa breccia corridor, and from MD-050, "defining a new third high-grade core."

The company said two drill rigs continue operating as part of its 14,000-meter resource expansion program at the flagship Mocoa copper-molybdenum project in Putumayo, Colombia. Mocoa now hosts three distinct high-grade cores, all open at depth and laterally.

Hole MD-050 intercepted 316-meters of early-microdiorite porphyry grading 0.35% copper equivalent (CuEq) (0.25% Cu and 0.02% Mo), including a high-grade zone of 145-meters grading 0.60% CuEq (0.39% Cu and 0.05% Mo). The hole ended at drill rig capacity over "strong" potassic altered porphyry with increasing Cu-Mo grades.

The company said hole MD-049 intercepted breccia as anticipated by the 3D-model confirming the north extension for resource evaluation and expansion potential. The hole included 477-meters of Cu-Mo mineralized grading 0.37% CuEq (0.30% Cu and 0.02% Mo), including two high-grade subzones.

New lower-elevation pads are being advanced to increase drill efficiency and accelerate resource expansion.

"Metallurgy has exceeded assumptions, and now drilling has confirmed a third high-grade core, with each core open and growing," said Copper Giant chief executive Ian Harris. "Mocoa keeps delivering across geology, recoveries, and infrastructure advantages demonstration that Mocoa has every ingredient needed to become one of the next globally significant copper projects."

Shares of the company were last seen down 2.8% at $0.2575 on the TSX Venture Exchange.

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