11:18 AM EDT, 06/17/2025 (MT Newswires) -- Copper Giant Resources ( LBCMF ) on Tuesday said drilling for its 14,000-meter resource-expansion program at its flagship Mocoa porphyry copper-molybdenum project in Colombia resumed following intense rainfall in the region.

The company said two drilling rigs returned to service following the rains and it updated progress on two holes on the property.

"MD-047 is nearing completion with critical insights into the high-grade geometry of Mocoa-but the real excitement is MD-048," said Chief Executive Ian Harris. "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."

The company noted that as of June 17, MD-047 reached a depth of 800 meters, with a planned total depth of 900 meters. It added that the first batch of core samples from MD-047 has been dispatched to the laboratory for analysis, with full assay results expected in the coming days.

Shares of the company were last seen up $0.005 to $0.20 on the TSX Venture Exchange.

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