The playbook — copper · August 27, 2026
Copper Giant drills 771 metres in one hole at Mocoa
A long, low-grade copper-molybdenum intercept extends the Colombian porphyry southeast and at depth — width and formula still unverified.
On August 27, 2026, Copper Giant Resources said it drilled 771 metres of rock averaging 0.54% copper-equivalent — a way of blending two metals into one number, here 0.33% copper plus 0.039% molybdenum — at its Mocoa project in Putumayo, southern Colombia. The company said the intercept extends the mineralized zone both to the southeast and at depth. Copper Giant is the company formerly known as Libero Copper & Gold, rebranded in May 2025, and its entire Mocoa resource — 1.12 billion tonnes at 0.51% copper-equivalent — is still in the lowest-confidence “Inferred” category. No economic study has been completed yet.
Here is the logic. For a porphyry — a big, low-grade body of rock spread across a wide area — the prize is not high grade but length and continuity. A single hole running 771 metres is a classic bulk-tonnage signature: the grade is modest, but the sheer distance points to a large, connected system. That the zone extends in two directions matters because it means — based on this single intercept — the deposit is not closed off and may be growing in those directions. Gram-meters, the yardstick for gold veins, is the wrong tool here — what counts is width times grade across many holes. The team is led by CEO Ian Harris, in the seat since January 2021 and cited by one third-party note for helping advance Ecuador’s Mirador copper mine toward construction, though his exact role there is not established in a primary record. Harris owns about 0.94% of the company. In August 2026, Copper Giant raised roughly CAD $31 million, with fellow junior Denarius Metals leading and Frank Giustra’s Fiore Group participating. No formal IR mandates have been publicly disclosed; however, the dossier identifies two paid promotional content relationships — an initiating-coverage piece by Mining Stock Analyst (Substack, February 14, 2026, compensation terms not publicly disclosed) and a paid-content disclaimer page at Arcadia Economics (undated, fee not disclosed). Broader visibility otherwise runs on capital-markets activity.
Now the honest part. Our geologist could only read the headline — the full release, with the assay table, hole IDs, hole count, and QA/QC section, was not available, so most disclosure items are logged as absent. True width is not stated: 771 metres is core length and may substantially overstate the real thickness of the zone, depending on drill angle. The copper-equivalent formula’s inputs — metal prices and recoveries — cannot be checked. Only one intercept is described, with no supporting holes to confirm the extension. Watch for more assays from holes beyond MD-070, an updated resource estimate led by APEX, and a preliminary economic assessment the company flags for 2026-2027.