09:54 AM EDT, 10/15/2025 (MT Newswires) -- Copper Giant Resources ( LBCMF ) shares rose 13% Wednesday after it reported assay results from drill hole MD-051, "successfully" expanding the porphyry-related high-grade core eastward and at depth.

The company said this new intercept "strengthens the geometry of the high-grade domain" and demonstrates that strong copper-molybdenum mineralization extends into areas previously considered lower grade. Two drill rigs continue operating as part of Copper Giant's 14,000-metre resource expansion program at the flagship Mocoa copper-molybdenum project in Putumayo, Colombia.

Copper Giant said hole MD-051 improved copper and molybdenum grades south of holes MD-047 and M17, and connected the isolated high-grade intercept from hole M23, extending the porphyry-related high-grade core to the east and at depth. The hole was stopped at drill capacity while still in strongly potassic-altered early quartz diorite porphyry containing multiple quartz-molybdenite and chalcopyrite veinlets, suggesting the high-grade core remains open at depth.

"This hole reinforces the quality and continuity of Mocoa's mineralization and demonstrates that the system remains open, with strong potassic alteration at the end of the hole," said Copper Giant's vice-president of exploration Edwin Naranjo Sierra. "As drilling advances, we see clear potential to continue expanding this high-value core and further unlock the scale of the Mocoa system."

Shares of the company were last seen up $0.04 at $0.325 on the TSX Venture Exchange.

Price: 0.31, Change: +0.02, Percent Change: +7.02