09:05 AM EDT, 08/21/2025 (MT Newswires) -- Copper Giant Resources ( LBCMF ) said Thursday that it completed the first drill hole at the East Valley target near the Mocoa copper-molybdenum project in Colombia.

The drill hole intersected porphyry-style mineralization including chalcopyrite, molybdenite, sphalerite and galena, the company said.

"This first hole at East Valley has given us a much clearer understanding of its geology and the direction mineralization may extend," said Edwin Naranjo Sierra, Copper Giant's vice-president of exploration.

"With these results, we now have clear vectors for the next stage of exploration," Naranjo Sierra added.

Copper Giant said two rigs are currently active as part of its 14,000-meter resource expansion program at Mocoa.

Copper Giant's share price fell 3% on Wednesday to $0.16 on the TSXV.