Copper Giant's Initial Directional Drill Results Exceed Resource Model at Mocoa
Copper Giant Resources Corp. reported significant findings from its first directional drillings at the Mocoa project in Colombia, yielding 0.97% CuEq over 68 meters within 371 meters averaging 0.53% CuEq. These results not only validate the existing resource model but also enhance the potential for resource conversion from inferred to indicated categories.
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Copper Giant Resources Corp. announced that the first directional drillings at its Mocoa project in Putumayo, Colombia, exceeded expectations by yielding 0.97% CuEq over 68 meters within 371 meters averaging 0.53% CuEq. The drill holes MD-059, MD-060, and MD-058 confirmed and surpassed the average resource grade of 0.51% CuEq, with MD-058 extending mineralization into previously unexplored areas.
These findings support the advancement of the project toward a Preliminary Economic Assessment (PEA). The company currently operates two drill rigs on-site, and plans to mobilize a third rig to further explore the target area La Estrella, indicating a strategic focus on expanding resource potential.
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