Copper Giant Announces Filing of Technical Report for the Mocoa Project containing Updated Mineral Resource Estimate
The Technical Report can be found under the Company´s profile on SEDAR (www.sedarplus.ca) and is also available on the Company´s website (www.coppergiant.co)
Highlights of the MRE include:
- Inferred Mineral Resources of 12.7 billion pounds (Blbs) copper-equivalent (CuEq*) at an average grade of 0.51% CuEq*, including 7.6 Blbs of copper at 0.31% Cu and 1.0 Blbs of molybdenum at 0.039% Mo, within 1.12 billion tonnes; showing a +76% increase in tonnage, +14% increase in CuEq* grade and +101% increase in contained CuEq*metal, compared to the project's previous MRE
- The Resource is constrained within a conservative revenue factor pit shell of 0.65, using
US$4.0 /lb copper andUS$20.0 /lb molybdenum at a cut-off of 0.25% CuEq* - The System remains open laterally and at depth, with multiple untested nearby porphyry targets.
Mineral Resource Estimate
Table 1 – 2025 Mocoa Inferred Mineral Resource Estimate effective
|
Cut-Off |
Tonnage |
CuEq (%) |
Cu (%) |
Mo (%) |
Contained |
Contained |
Contained |
|
(% CuEq) |
(Mt) |
( %) |
( %) |
( %) |
(Blbs) |
(Blbs) |
(Blbs) |
|
0.10 |
1,553 |
0.42 |
0.25 |
0.031 |
14.4 |
8.7 |
1.1 |
|
0.15 |
1,410 |
0.45 |
0.27 |
0.034 |
14.0 |
8.4 |
1.0 |
|
0.20 |
1,268 |
0.48 |
0.29 |
0.036 |
13.4 |
8.1 |
1.0 |
|
0.25 |
1,120 |
0.51 |
0.31 |
0.039 |
12.7 |
7.6 |
1.0 |
|
0.30 |
972 |
0.55 |
0.33 |
0.042 |
11.8 |
7.0 |
0.9 |
|
0.40 |
674 |
0.64 |
0.38 |
0.050 |
9.5 |
5.6 |
0.7 |
|
0.50 |
441 |
0.74 |
0.43 |
0.059 |
7.2 |
4.2 |
0.6 |
|
0.60 |
287 |
0.84 |
0.48 |
0.068 |
5.3 |
3.1 |
0.4 |
|
0.70 |
190 |
0.94 |
0.53 |
0.077 |
3.9 |
2.2 |
0.3 |
|
Notes |
|
|
1. |
The MRE was completed by |
|
2. |
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. |
|
3. |
The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. |
|
4. |
The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration. |
|
5. |
|
|
6. |
Economic assumptions used include |
|
7. |
CuEq* values are calculated using a Cu-to-Mo value ratio of 1:5.278, incorporating both metal prices and metallurgical recoveries. |
|
8. |
The constraining pit optimization parameters include a |
Qualified Person and Technical Notes
The Qualified Persons for the Technical Report are
Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.
Copper Giant operates according to a rigorous Quality Assurance and Quality Control (QA/QC) protocol consistent with industry best practices. Core diameter is a mix of HQ and NQ depending on the depth of the drill hole. Diamond drill core boxes were photographed, sawed, sampled and tagged in maximum 2-metre intervals, stopping in geological boundaries. Samples were bagged, tagged and packaged for shipment by truck from Copper Giant's core logging facilities in Mocoa,
In the APEX QP's opinion there were no material QA/QC issues with respect to sample collection, security and assaying.
About the Mocoa Porphyry System
Mocoa was first identified in 1973 through a regional geochemical survey conducted by the
The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics of the Central Cordillera, a 30-kilometre-wide tectonic belt that extends into
A distinguishing geological feature of Mocoa is the presence of a fertile magmatic window spanning roughly ten million years, a prolonged and unusually productive interval of magma generation and evolution that is not commonly observed in other Jurassic porphyry systems within the same belt. This extended fertile period provides a compelling explanation for the system's large metal endowment, broad alteration footprint, and overlapping intrusive and hydrothermal events.
The deposit demonstrates more than 1,000 metres of vertical continuity, with multiple intrusive phases, brecciation episodes, and vein generations reflecting a dynamic and long-lived magmatic–hydrothermal evolution, likely influenced by more than one porphyry center. Mocoa remains open in all directions, and several satellite targets across the broader land package support the interpretation of a district-scale mineralized system.
Mocoa's MRE1 comprises inferred resources of 12.7 billion pounds (Blbs) copper-equivalent (CuEq*) at an average grade of 0.51% CuEq*, including 7.7 Blbs of copper at 0.31% Cu and 1.0 Blbs of molybdenum at 0.039% Mo, within 1,120 million tonnes (Mt).
1
For further information refer to NI 43-101 Technical Report, entitled "Technical Report and Updated Mineral Resource Estimate for
About Copper Giant
The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction.
Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the
Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring values for all stakeholders and playing a meaningful role in the global energy transition.
About
APEX
APEX is independent of Copper Giant and holds no direct or indirect interest in the Mocoa project or Copper Giant, except as disclosed herein. The Qualified Persons leading the Mineral Resource Estimate for the Mocoa project are Mr.
Neither the
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, including statements regarding the Updated Mineral Resource Estimate and the potential to update inferred mineral resources to indicated mineral resources, the outcome of the Company's current resource expansion strategy; other activities and achievements of the Company, including but not limited to: the timing and success for the advancement of the
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