Drilling Past the Model: Copper Grades Break Out at the Edge of a Billion Tonne System
Copper Giant Resources Corp. (CGNT:TSXV;LBCMF:OTCQB) reported new drill results from its Mocoa copper molybdenum project in Colombia, including grades above the 2026 resource model at the southern edge of the deposit. The results concluded the company's 2025 drilling program and confirmed mineralization continuity beyond the current resource footprint.
Copper Giant Resources Corp. (CGNT:TSXV; LBCMF:OTCQB) reported assay results from two drill holes at its Mocoa copper-molybdenum project in Putumayo, Colombia. Drill hole MD-053, the first completed at the La Estrella target, and MD-054, located at the southern edge of the current Mineral Resource Estimate (MRE) footprint, both confirmed copper and molybdenum mineralization from surface to depth.
MD-054 returned 61 meters grading 0.61% copper equivalent (CuEq) within a broader interval of 253 meters at 0.40% CuEq, starting at 367 meters downhole. This result exceeded the grades modeled in the 2026 MRE block model for an area previously categorized as waste due to sparse shallow drilling. According to the company, the hole demonstrates mineralization continuity and strength at the southern edge of the deposit.
MD-053 intersected lower-grade mineralization but confirmed the extension of Mocoa's porphyry system into the La Estrella target area. The hole returned 117 meters grading 0.07% CuEq, including 16 meters at 0.10% CuEq.
"The 2025 program delivered a major milestone for Mocoa, advancing the project beyond the one-billion-tonne resource mark through disciplined drilling and geological understanding," said Edwin Naranjo Sierra, Vice-President of Exploration, in a company news release. "With these results, we close a highly successful exploration year and enter 2026 with a stronger geological model, clear growth vectors, and an aggressive drill strategy focused on conversion and expansion."
With the conclusion of the 2025 drill program, which included approximately 11,400 meters of drilling, Copper Giant has achieved all of its stated strategic objectives for the year. The Mocoa project is a Jurassic porphyry Cu-Mo deposit with continuous mineralization exceeding 1,000 vertical meters and remains open in all directions.
Copper Market Dynamics Under AI, Infrastructure, and Supply Constraints
According to a January 26 report from Equidia, the accelerating growth of artificial intelligence and robotics placed new pressure on global infrastructure, increasing the demand for critical minerals. The outlet stated that "AI requires processors, data, and energy," all of which depend on industrial metals such as copper. The report emphasized that "AI hardware sits at the very top of the modern industrial stack," noting copper's role in electrical transmission for everything from GPUs and CPUs to massive data centers. "If any part of that chain breaks chips, power, cooling, or materials AI progress slows immediately," the publication stated.
Benzinga wrote on January 28 that the copper industry had entered a period of structural challenges, with supply and discovery trends diverging from historical norms. Between 2015 and 2025, major copper discoveries declined in both frequency and scale. The article stated that miners had shifted toward expanding known assets rather than exploring new ones, which "squeezed more out of aging systems, often at rising cost and falling grade." In 2025 alone, disruptions including labor disputes, permitting delays, and weather events removed an estimated 550,000 tons of copper production from global supply. The report concluded that "with fewer big discoveries, expensive and aging mines, fragile supply, and long development timelines, the list of problems to solve is long."
Bloomberg reported on January 29 that copper surged by the most in more than 16 years, rising as much as 7.9% to over US$14,000 a ton. The rally was driven largely by speculative trading activity in China, which has fueled a sharp rise in metals prices despite signs of weak domestic demand. The article noted that "copper has long been a favorite of investors who see the energy transition and the growth of data centers driving demand." Eric Liu of ASK Resources Co. commented that "commodities are taking turns to rally," with copper among the most watched. Meanwhile, Chi Kai of Shanghai Cosine Capital said, "as long as the US continues to push AI, chips and power construction," the momentum for copper remained.
Analyst Coverage Highlights Mocoa's Growth and Potential
1In a February 24, 2025, article, John Newell of John Newell & Associates stated that shares of Libero Copper (now Copper Giant) "appear to have established a base at CA$0.25." He identified three breakout targets: CA$0.50, CA$0.65, and CA$1.20. According to Newell, "technical indicators, such as the MACD, signal a potential uptrend while increasing volume indicates growing investor interest." Since that publication, the stock had reached the first and second targets. The third technical target of CA$1.20 remains active.
According to a November 2025 research note from Red Cloud Securities, the firm stated, "We are impressed with the resource growth at Mocoa and highlight that the entire resource and constraining shell lie outside any forestry reserve or community." The updated inferred resource outlined 1.12 billion tonnes at 0.51% copper equivalent (CuEq), containing 12.7 billion pounds of CuEq at a 0.25% CuEq cut-off.
Red Cloud wrote that "this updated MRE demonstrates a +76% increase in tonnage, +14% increase in CuEq grade, and +101% increase in contained CuEq metal at the same 0.25% CuEq cut-off as the 2022 MRE." The firm also noted that "each meter drilled added 671,000 pounds of CuEq."
In its valuation assessment, Red Cloud stated, "We maintain our BUY (S) rating and institute a target price of C$1.40/sh." The firm valued the Mocoa project using a sum-of-parts method, noting it applied a "conservative 0.40x multiple to account for the classification of resources as inferred and to reflect jurisdictional and development risk." The report specified that the derived target price represented "a 391% return to target."
Red Cloud added, "Large portions of the optimized pit shell remain undrilled and are currently classified as waste, which we believe represents low-hanging fruit for further resource expansion." The firm expected that "exploration and development work at Mocoa [would] continue to drive the stock price in the near term."
New Resource Estimate Reflects Significant Growth
In its investor presentation, Copper Giant reported an updated NI 43-101 Mineral Resource Estimate effective November 18, 2025, which increased the inferred resource to 1.12 billion tonnes at 0.51% CuEq. This represents a 76% increase in tonnage and a 101% increase in contained CuEq metal compared to the 2022 estimate.
Streetwise Ownership Overview*
Copper Giant Resources Corp. (CGNT:TSXV; LBCMF:OTCQB)
*Share Structureas of 2/1/2026Source: RefinitivThe 2025 program expanded and refined multiple high-grade copper-molybdenum domains within the Mocoa porphyry, including continued growth of a third high-grade core that remains open both laterally and at depth.
Exploration confirmed growth vectors beyond the existing footprint, including the northward extension of the breccia corridor and eastward and down-dip expansion of mineralization. MD-054 upgraded an area previously modelled as waste, while MD-053 confirmed system continuity toward La Estrella.
Initial bench-scale flotation test results exceeded assumptions used in the current resource model, with recoveries up to 92% for copper and 97% for molybdenum.
While the 2025 drill program is complete, two rigs remain on site operating at full capacity. Copper Giant is advancing plans for a fully permitted 2026 drill program that will include strategic infill and step-out drilling. Additional project de-risking activities underway include environmental baseline studies, hydrogeological and geotechnical assessments, and permitting work in support of future development.
Ownership and Share Structure2
14.34% of Copper Giant is owned by management and insiders with Frank Giustra holding the most with 12.55%. The rest is retail.
Copper Giant has 154.95 million shares outstanding, a market cap of CA$69.43 million, and a 52-week range of CA$0.15 - CA$0.79.
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James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
1. Disclosure for the quote from the John Newell article published on February 24, 2025,
For the quoted article (published on February 24, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,000.Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.