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Cision Canada
27-06-2025
- Business
- Cision Canada
COPPER GIANT ACQUIRES STRATEGIC 53,474 HECTARE LAND PACKAGE IN THE JURASSIC PORPHYRY BELT OF COLOMBIA
The Company also announces mutual conclusion of its At-The-Market (ATM) equity distribution program with Research Capital VANCOUVER, BC, June 27, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce it has entered into a definitive agreement to acquire 100% of the issued and outstanding shares of Grupo Minera Sol S.A.S. (" Grupo Minera Sol"), a private Colombian company holding 12 mining applications covering 53,474 hectares (see Figure 1) within the prolific Jurassic porphyry belt in Colombia. As consideration, Copper Giant will issue 7,500,000 common shares of the Company at a price of $0.21 per share to the shareholders of Grupo Minera Sol. The transaction is subject to approval by the TSX Venture Exchange. Grupo Minera Sol's applications are contiguous with Copper Giant's existing land package and are primarily located in the Department of Cauca (Municipality of Santa Rosa), with extensions into Putumayo and the Mocoa Municipality. The combined claims now span approximately 136,425 hectares—an increase of 64%—positioning Copper Giant as one of the largest holders of highly prospective porphyry terrain in Colombia. Strategic Highlights: Land Expansion: Copper Giant's land holdings grow from 82,951 hectares to 136,425 hectares, consolidating a dominant 75-kilometre corridor within Colombia's Jurassic porphyry belt. Regional Prospectivity: The 75 km trend is supported by historical soil geochemistry and prospecting work and is geologically analogous in scale to the corridor that hosts Mirador, Warintza, and Panantza–San Carlos in Ecuador.* District-Scale Foundation: Combined with the district-scale potential emerging at Mocoa, the acquisition enhances Copper Giant's ability to define multiple high-priority targets across a geologically fertile and underexplored belt. "This acquisition strengthens our strategic footprint in one of the most prospective porphyry copper belts in the Andes. It reflects our long-term conviction in the Mocoa region, our continued investment in local partnerships, and our belief that the next generation of major copper discoveries will come from projects that can offer both scale and continuity," commented Ian Harris, President & CEO. "Through steady groundwork and trust-based relationships, we've created the right conditions to consolidate this district in a responsible and collaborative way." *Mirador, Warintza, and Panantza–San Carlos are independent of Copper Giant and there is no guarantee of future performance of Copper Giant projects. No inference should be made regarding mineral resources or reserves based on adjacent or nearby deposits. ATM Termination Copper Giant and Research Capital Corporation have mutually agreed to conclude the Company's At-The-Market (ATM) equity distribution program as outlined in the Equity Distribution Agreement dated January 22, 2025. This strategic decision reflects the Company's positive outlook and commitment to maximizing shareholder value. The termination is effective immediately. A total of $2,017,000 raised pursuant to the ATM Offering as disclosed in news release April 10, 2025. About Copper Giant Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition—responsibly, efficiently, and with long-term positive impact. 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 Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity—and the catalyst for the Company's name and evolution. Guided by the values of respect and r esponsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, the outcome of the Company's current resource expansion strategy; other activities and achievements of the Company, including but not limited to: the anticipated closing of the transaction with Grupo Minera Sol; the potential benefits of the combined claims; the timing and success for the advancement of the Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include not obtaining receipt from the TSX Venture Exchange for completion of the transaction with Grupo Minera Sol; market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements
Cision Canada
25-06-2025
- Business
- Cision Canada
COPPER GIANT ANNOUNCES PARTIAL DRILL RESULT OF HOLE MD-047, INCLUDING 303-METRES GRADING 0.54% COPPER - THE HIGHEST COPPER INTERCEPT TO DATE WITHIN A PORPHYRY UNIT AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, PUTUMAYO, COLOMBIA
Hole MD-047 intercepted visible copper and molybdenum mineralization from surface to the end of the hole (EOH). First 489m assayed 0.45% CuEq* (0.35% Cu and 0.02% Mo), including 303-metres grading 0.67% CuEq* (0.54% Cu and 0.03% Mo). These represent the highest copper grades intersected to date within a porphyry unit at Mocoa. Final assay results will be reported in the upcoming days (Table 1 and Figure 2). MD-047 confirms the orientation of C and B-type veinlets host the bulk of copper and molybdenum mineralization at Mocoa, and the high-grade interval suggests a newly recognized high-grade phase within a porphyry, previously seen only in mineralized breccias. Detailed logging shows a multi-stage mineralization event with multiple generation of veining within a sericite-altered intermineral porphyry (I1). Most of the C-veinlets trend 188/58 (Dip Direction/Dip) and the B-type trend 232/60 (Dip Direction/Dip). This new structural information is now being integrated into the 3D geological model of Mocoa to better understand the high-grade copper and molybdenum distribution within the porphyry deposit. Copper Giant clarifies that Resolution 0631 issued by Corpoamazonia does not apply to its permitted mining titles or current exploration activities. Further details are provided below. VANCOUVER, BC, June 25, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce partial drill result of the first 489-metres of hole MD-047, as part of the Company's 14,000-metre resource expansion program at its flagship Mocoa porphyry copper-molybdenum project in Putumayo, Colombia. Drilling remains active with two rigs operating on newly constructed pads. Due to the exceptional copper grades intercepted and an operational delay requiring a wedge installation at 810 metres, the Company has chosen to release the upper portion of the hole in advance of final results. The mineralization highlights a potential new high-grade phase of the system. "This is one of the most exciting results at Mocoa to date—303 metres at 0.54% copper, entirely within a porphyry unit, not breccia. That's a major development. It points to a new high-grade phase and validates the broader upside we outlined in our updated exploration target. With both rigs now turning, we're advancing quickly to define scale, unlock new zones, and position Mocoa as one of the few remaining copper systems with real potential to grow meaningfully." — Ian Harris, President & CEO. Hole MD-047 Hole MD-047 continues to improve geological understanding of the Mocoa porphyry system and provides further evidence for its large-scale, multi-phase nature. Detailed Anaconda-style logging has confirmed multiple overprinting stages of hydrothermal alteration, consistent with those documented in holes MD-044 (refer to news release dated January 6, 2025), MD-045 (refer to new release dated February 26, 2025), and MD-046 (refer to news release dated May 6, 2025). The upper 120 metres of the hole intersected a strongly argillic-altered dacite porphyry characterized by multiple generations of D-type veinlets, locally overprinted by iron oxides features interpreted as part of a leach cap environment developed at the top of the system (Figure 3A) and locally observed reopened the structural space of earlier B-type veins, indicating a reactivation of fluid pathways during late-stage mineralization (Figure 3B). Beneath this zone, the hole intercepted an inter-mineral porphyry (I1) pervasively altered by sericite with localized remnants of K-feldspar alteration. This interval hosts a complex network of well-developed A-type veinlets crosscutting early dark micaceous (EDM) veinlets (Figure 3C), alongside abundant chalcopyrite-dominant C-type veinlets that overprint molybdenite-rich B-type veinlets (Figure 3D and 3E). These crosscutting relationships provide compelling evidence of a long-lived system with a prolonged and multi-pulsed mineralizing event, reinforcing the interpretation of Mocoa as a large and fertile porphyry system. Table 1 – Partial assay results for drill hole MD-047. *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - US$4.00/lb and Mo - US$20.00/lb and metal recoveries of 90% Cu and 75% Mo. Grades are uncut. Mineralized zones at Mocoa are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths. Drilling of MD-047 experienced a five-day delay at approximately 810 metres depth due to drill rods stuck in a fractured zone. A wedge was successfully installed to bypass the obstruction, all issues have been resolved, and drilling is now advancing according to plan toward the target depth. Logging of the remaining core is ongoing, and samples from the lower interval will be submitted for assay once logging and sampling procedures are completed. Final assay results will be reported as they become available. Clarification on Resolution 0631 Issued by Corpoamazonia Copper Giant is aware of public commentary surrounding Resolution No. 0631, issued by Corpoamazonia on June 13, 2025, regarding mining activity within the municipality of Mocoa. While the resolution has generated attention, it does not apply to existing mining titles, active exploration programs, or projects with valid permits. Copper Giant's current operations remain fully permitted, in compliance with all legal and regulatory frameworks, and entirely unaffected. Resolution 0631 applies solely to new mining titles within a defined 93,000-hectare portion of the municipality of Mocoa, which spans approximately 130,500 hectares (1,305 km²). It does not suspend environmental permitting or introduce new legal thresholds. Instead, it places a conditional pause on new mining initiatives—subject to technical and scientific evaluation demonstrating no severe or irreversible environmental harm. These requirements mirror Colombia's existing Environmental Impact Assessment (EIA) standards and do not alter the permitting pathway. The resolution also designates the area as an "Area of Environmental Interest." While this term signals an intent to prioritize environmental considerations in territorial planning, it carries no direct legal implications for existing operations. The timing and tone of the resolution appear aligned with Colombia's shifting political landscape ahead of the March 8, 2026 congressional and senate elections. Framed as bold environmental action, it largely reaffirms the existing regulatory process. For current projects like Mocoa, the resolution changes nothing operationally—and by reiterating the standard permitting structure, it implicitly affirms a continued path forward. Copper Giant would also like to clarify that Colombian law recognizes each Indigenous community as autonomous, with the right to prior consultation when a project overlaps its territory. Within the Mocoa project, only the Inga Indigenous Reservation of Condagua holds ancestral territory and is the sole entity legally recognized to represent those interests. Copper Giant maintains a continuous process of respectful dialogue and formal consultation with the Inga, grounded in trust, transparency, and shared responsibility. In addition, the Company engages other Indigenous communities in the region through a dedicated Coordinator for Ethnic Communities, ensuring all stakeholders are informed of our activities and the scientific basis guiding our work. Educational materials have been translated into the Inga language to support culturally aligned communication. Copper Giant continues to operate to the highest environmental and technical standards. Drilling remains active under our permitted resource expansion program, with full coordination across national and regional authorities. We remain committed to transparency, regulatory compliance, and long-term partnership with communities. Qualified Person and Technical Notes Edwin Naranjo Sierra, Exploration Manager of Copper Giant is the designated Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - US$4.00/lb, Mo - US$20.00/lb. Metal recoveries utilized for the resource model are 90% for Cu and 75% for Mo. 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, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. Samples are processed in the Medellin facilities where they are analyzed for copper and molybdenum by 4-Acid digest Atomic Absorption (AA) analysis. The sample pulps are air freighted from Medellin to the ActLabs certified laboratory in Guadalajara, Mexico, where they are analyzed for a suite of 57 elements using 4-Acid digest and ICP-MS. In order to monitor the ongoing quality of assay data and the database, Copper Giant has implemented QA/QC protocols which include standard sampling methodologies, the insertion of certified copper and molybdenum standard materials, blanks, duplicates (field, preparation and analysis) randomly inserted into the sampling sequence. QA/QC program also include the ongoing monitoring of data entry, QA/QC reporting and data validation. No material QA/QC issues have been identified with respect to sample collection, security and assaying. About the Mocoa Porphyry System The Mocoa project is located in the department of Putumayo, approximately 10 kilometres from the town of Mocoa in southern Colombia. Copper Giant holds a district-scale land package of over 790 square kilometres through granted titles and applications, covering a substantial portion of the Jurassic porphyry belt - an underexplored and highly prospective metallogenic zone in the northern Andes. Discovered in 1973 through a regional geochemical survey by the United Nations and the Colombian government, Mocoa has been the subject of multiple exploration campaigns. Between 1978 and 1983, follow-up work included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Additional drilling by B2Gold in 2008 and 2012 helped shape the current geological understanding. The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within Colombia's Central Cordillera. This 30-kilometre wide tectonic belt extends into Ecuador and hosts other major porphyry systems like Mirador, Warintza, San Carlos, and Panantza. Mocoa displays a classical porphyry-style alteration zonation: potassic core, sericitic halo, and outer propylitic zone, with mineralization consisting of disseminated chalcopyrite and molybdenite, and local bornite and chalcocite, associated with stockworks and hydrothermal breccias. The system features over 1,000 metres of vertical continuity, overlapping hydrothermal stages, and a broad alteration footprint. Multiple intrusive phases, brecciation events, and vein generations suggest a dynamic magmatic-hydrothermal evolution likely driven by more than one porphyry center. Mocoa remains open in all directions, with several satellite targets identified across the broader land package. These features support the interpretation of a district-scale porphyry system and position Mocoa as one of the most significant undeveloped copper-molybdenum assets in the Andes 1 For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021. About Copper Giant Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition—responsibly, efficiently, and with long-term positive impact. 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 Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity—and the catalyst for the Company's name and evolution. Guided by the values of respect and r esponsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 drilling results of MD-047, 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 Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements SOURCE COPPER GIANT RESOURCES CORP.
Cision Canada
24-06-2025
- Business
- Cision Canada
OUTCROP SILVER ADDS THIRD DRILL RIG AT SANTA ANA TO EXPAND DISCOVERY POTENTIAL BEYOND CURRENT RESOURCE UPDATE
VANCOUVER, BC, June 24, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to announce the addition of a third drill rig at its flagship Santa Ana high-grade silver project in Colombia. This new rig will be dedicated exclusively to accelerating new discovery drilling beyond the Company's current 24,000-metre resource expansion program, which remains fully funded, on time, and on budget. As of June 23, 2025, Outcrop Silver has completed over 12,300 metres of drilling—reaching the halfway point of the 24,000-metre campaign—at 107% of forecast. The ongoing program is focused on expanding the existing resource base and incorporating newly discovered veins into the next mineral resource update targeted for Q1 2026. Veins prioritized for inclusion include Los Mangos, Aguilar, Jimenez, Guadual, Alaska, and La Ye. The decision to add a third rig is driven by two key factors: exceptional results in resource drilling to date, and significant progress on surface access across the district. In the first half of 2025 alone, Outcrop Silver secured 170 new land-use agreements—already exceeding the 113 signed in all of 2024—due to strong community relationships and local team leadership. These agreements support not only the current drill program but also future exploration through expanded access for soil sampling, mapping, and drill platform construction. The new rig will focus on high-priority discovery targets across Santa Ana's fully permitted 17-kilometre corridor, including historically significant areas such as Frias. The goal is to bring forward a pipeline of new discoveries that can support the Company's long-term growth strategy and subsequent mineral resource updates beyond the current campaign. "The original 24,000-metre program is fully funded, on time, and on budget," commented Ian Harris, President & CEO. "Adding a third rig reflects the strength of our results to date and allows us to accelerate discovery drilling beyond the current resource update. With growing local support and expanding access, we're putting ourselves in position to deliver value well into the future." Outcrop Silver remains committed to delivering high-grade silver discoveries while upholding the highest standards of technical excellence, community engagement, and environmental responsibility. Qualified Person Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and approved the technical information in this news release. Mr. Naranjo holds an MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the Company and is therefore independent for the purposes of NI 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent 1 at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne of silver equivalent 1. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference. SOURCE Outcrop Silver & Gold Corporation
Cision Canada
17-06-2025
- Business
- Cision Canada
COPPER GIANT PROVIDES AN EXPLORATION UPDATE ON ITS 14,000-METRES DRILLING PROGRAM AT THE MOCOA PORPHYRY COPPER-MOLYBDENUM PROJECT, PUTUMAYO, COLOMBIA
Two rigs turning from new pads after heavy rainfall; program back on schedule. MD-047 at 800 m of planned 900 m; first core samples have been dispatched to the lab and assay results are imminent pending. MD-047 was strategically designed to further define the geometry of the high-grade core of the Mocoa porphyry system. Its purpose is to better define the orientation and plunge of mineralized C- and B-type veinlets, which host the bulk of the copper and molybdenum mineralization. MD-048 started June 16 th to evaluate East Valley Mo-Cu anomaly ~ 600 m east of current resource shell. MD-048 is the first drill hole designed to test the East Valley target, following a prominent molybdenum-in-soil and rock anomaly located east of the current drill area. This represents a significant step-out beyond the existing footprint of the deposit and aims to evaluate new mineralized potential. 14,000 m campaign focused on significant resource expansion. Current drilling is guided by May-2025 exploration target (977–1,247 Mt at 0.49–0.55 % CuEq) designed to convert conceptual tonnes (refer to news release dated May 20, 2025) into resources and build on the strong results to date. VANCOUVER, BC, June 17, 2025 /CNW/ - Copper Giant Resources Corp. (" Copper Giant" or the " Company") (TSXV: CGNT) (OTCQB: LBCMF) (FRA: 29H0) is pleased to announce that drilling of holes MD-047 and MD-048 is currently underway as part of the Company's 14,000-metre resource expansion program at its flagship Mocoa porphyry copper-molybdenum project in Putumayo, Colombia. Following intense rainfall in the region and at the drill site, both drill rigs are now fully operational and actively advancing the program. "We're back at full speed. With both rigs turning from new pads, the program is regaining momentum and delivering the data we need. MD-047 is nearing completion with critical insights into the high-grade geometry of Mocoa—but the real excitement is MD-048. It's our first step into new ground at East Valley. In copper, size, scale, and grade matter—and Mocoa is advancing at a time when the world is waking up to the shortage of quality deposits." — Ian Harris, President & CEO Hole MD-047 Copper Giant continues to advance its 14,000-metre resource expansion drilling program at the Mocoa porphyry copper-molybdenum deposit in southern Colombia. Hole MD-047 is a strategically positioned drill hole designed to test the geometry, orientation, and continuity of high-grade mineralized structures within the core of the system. Specifically, this hole aims to better constrain the orientation and plunge of the B and C-type veinlets host the bulk of the copper and molybdenum mineralization at Mocoa. The hole was designed with an azimuth of 70-degrees and a -68-degree dip (see Table 1 and Figure 1), oriented approximately perpendicular to the dominant structural tendency of the veining measured in hole MD-046. As of June 17, 2025, MD-047 has reached a depth of 800 metres, with a planned total depth of 900 metres. The first batch of core samples from MD-047 has already been dispatched to the laboratory for analysis, with full assay results expected in the coming days. These results will be key in refining the geological model, increasing confidence in the continuity of mineralization, and informing the placement of future step-out drilling. Table 1. Collar and design information of drill hole MD-047 and MD-048 at Mocoa. Coordinates are UTM system, zone 18N and WGS84 projection. Detailed anaconda logging of drill hole MD-047 shows multiple stages of hydrothermal alteration as observed in recent holes MD-044 (refer to news release dated January 6, 2025), MD-045 (refer to news release dated February 26, 2025) and MD-046 (refer to news release dated May 6, 2025), providing insights into the complex hydrothermal and magmatic evolution of the deposit. The first 120m intersected a strongly argillized dacite porphyry with multiple generations of D-veinlets, locally altered to iron oxides (leach cap). Below this depth, the hole intercepted an Inter-mineral sericite-altered (overprinting locally K-feldspar) porphyry (I1), hosting well-developed A-type veinlets crossing early dark micaceous veinlets (EDM), multiple C-type (chalcopyrite-dominant) veinlets cross-cutting earlier B-type (molybdenite-dominant) veinlets. This is direct evidence of a complex and prolonged mineralization history in a long-lived porphyry system. MD-048 As part of Copper Giant's strategy to expand the Mocoa porphyry system, hole MD-048 represents the first-ever drill hole targeting a new area well beyond the limits of the current drilled and resource-defined footprint. This hole is testing the East Valley target—a highly prospective zone delineated by a strong molybdenum in soil and rock anomaly located to the east of the Mocoa deposit (see Figure 2 and Table 2). Notably, the known Mocoa deposit itself sits on top of a significant molybdenum anomaly (see Figure 2), and the anomaly continues further to the east— "on top of the hill," suggesting the potential for additional porphyry centers yet to be discovered. This concept is further supported by observations from hole MD-046, which intersected (at the end of the hole) a potassic altered (secondary biotite) micro-diorite porphyry (E0) (refer to news release dated May 6, 2025), possibly linked to a distinct magmatic pulse and suggesting a new mineralizing source to the east. MD-048 is a significant step-out hole designed to evaluate the copper and molybdenum potential in this untested area and to assess the possibility of discovering additional porphyry centers outside the known deposit. Its outcome will be critical in determining whether mineralization extends into this new zone, potentially opening up an entirely new target corridor. Drilling of MD-048 began on June 16, 2025, and the hole is oriented with an azimuth of 45 degrees and a dip of -50 degrees (see Table 1 and Figure 3). Table 2. Assay results for selected rock samples on the East Valley target. Coordinates are UTM system, zone 18N and WGS84 projection. * Rock sample results are inherently selective in nature. As such, these results may not be representative of the underlying geological values or the overall mineralization within the sampled area. + Previously reported on January 27, 2025. Qualified Person and Technical Notes Edwin Naranjo Sierra, Exploration Manager of Copper Giant is the designated Qualified Person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and verified the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). *Copper equivalent (CuEq) for drill hole interceptions is calculated as: CuEq (%) = Cu (%) + 4.2 × Mo (%), utilizing metal prices of Cu - US$4.00/lb, Mo - US$20.00/lb. Metal recoveries utilized for the resource model are 90% for Cu and 75% for Mo. 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, Colombia to the Actlabs certified sample preparation facility in Medellin, Colombia. ActLabs is an accredited laboratory independent of the Company. Samples are processed in the Medellin facilities where they are analyzed for copper and molybdenum by 4-Acid digest Atomic Absorption (AA) analysis. The sample pulps are air freighted from Medellin to the ActLabs certified laboratory in Guadalajara, Mexico, where they are analyzed for a suite of 57 elements using 4-Acid digest and ICP-MS. In order to monitor the ongoing quality of assay data and the database, Copper Giant has implemented QA/QC protocols which include standard sampling methodologies, the insertion of certified copper and molybdenum standard materials, blanks, duplicates (field, preparation and analysis) randomly inserted into the sampling sequence. QA/QC program also include the ongoing monitoring of data entry, QA/QC reporting and data validation. No material QA/QC issues have been identified with respect to sample collection, security and assaying. About the Mocoa Porphyry System The Mocoa project is located in the department of Putumayo, approximately 10 kilometres from the town of Mocoa in southern Colombia. Copper Giant holds a district-scale land package of over 790 square kilometres through granted titles and applications, covering a substantial portion of the Jurassic porphyry belt - an underexplored and highly prospective metallogenic zone in the northern Andes. Discovered in 1973 through a regional geochemical survey by the United Nations and the Colombian government, Mocoa has been the subject of multiple exploration campaigns. Between 1978 and 1983, follow-up work included geological mapping, IP and magnetic geophysics, surface sampling, drilling, and metallurgical testing. Additional drilling by B2Gold in 2008 and 2012 helped shape the current geological understanding. The deposit is hosted in Middle Jurassic dacite and quartz-diorite porphyries intruding andesitic to dacitic volcanics, within Colombia's Central Cordillera. This 30-kilometre wide tectonic belt extends into Ecuador and hosts other major porphyry systems like Mirador, Warintza, San Carlos, and Panantza. Mocoa displays a classical porphyry-style alteration zonation: potassic core, sericitic halo, and outer propylitic zone, with mineralization consisting of disseminated chalcopyrite and molybdenite, and local bornite and chalcocite, associated with stockworks and hydrothermal breccias. The system features over 1,000 metres of vertical continuity, overlapping hydrothermal stages, and a broad alteration footprint. Multiple intrusive phases, brecciation events, and vein generations suggest a dynamic magmatic-hydrothermal evolution likely driven by more than one porphyry center. Mocoa remains open in all directions, with several satellite targets identified across the broader land package. These features support the interpretation of a district-scale porphyry system and position Mocoa as one of the most significant undeveloped copper-molybdenum assets in the Andes 1 For further information refer to NI 43-101 Technical Report, entitled "Technical Report on the Mocoa Copper-Molybdenum Project, Colombia", dated January 17, 2022, prepared by Michael Rowland Brepsant, FAusIMM, Robert Sim, and Bruce Davis, FAusIMM. with an effective date of November 01, 2021. About Copper Giant Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition—responsibly, efficiently, and with long-term positive impact. 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 Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity—and the catalyst for the Company's name and evolution. Guided by the values of respect and r esponsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 drilling results of MD-047 and MD-048, 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 Mocoa Project, the expansion of the Mocoa resource base; are to be considered forward looking. Although Copper Giant believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices and volatility with the Company's common shares, exploitation and exploration successes, uncertainty of reserve and resource estimates, risks of not achieving production, continued availability of capital and financing, processes, permits and filing requirements, risks related to operations in foreign and developing countries and compliance with foreign laws and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements in Colombia, and general economic, market, political or business conditions and regulatory and administrative approvals. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. SOURCE COPPER GIANT RESOURCES CORP.
Cision Canada
17-06-2025
- Business
- Cision Canada
OUTCROP SILVER REPORTS EXCEPTIONAL SENSOR-BASED ORE SORTING RESULTS FROM LA PORFIA VEIN AT SANTA ANA
VANCOUVER, BC, June 17, 2025 /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) ("Outcrop Silver") is pleased to report outstanding results from a sensor-based ore sorting test conducted on mineralized material from the La Porfia vein, part of the high-grade Santa Ana primary silver project in Colombia. The program, carried out by Steinert Latinoamericana in Brazil, evaluated 25–75 mm and 12–25 mm size fractions using a Steinert KSS CLI XT sorter—which combines X-ray Transmission (XRT), 3D laser profiling, and RGB optical sensors. The results show that 17 % of the coarse feed was rejected as waste, while the sorted product delivered a 20 % lift in AgEq grade and retained up to 99.2 % of the silver and 99.7 % of the gold (Table 1). This demonstrates Santa Ana's potential for early, low-impact pre-concentration that could meaningfully reduce mill size, operating costs, and environmental footprint. "These exceptional sorting results—achieving a 20 % grade lift, 17 % waste rejection and up to 99.2 % silver and 99.7 % gold recoveries despite processing lower-grade La Porfía material—highlight Santa Ana's amenability to modern, low-impact processing technologies," commented Ian Harris, President & CEO. "This test underlines our opportunity to shrink the project footprint, lower costs and bolster environmental performance. None of this is possible without the dedication of our on-site teams and the strong partnership with local communities—together carrying a 400-year silver-mining legacy forward and delivering superior value for our shareholders and the next generation." Table 1. Summary results from Sensor-based ore sorting tests applied to mineralized material from the La Porfia vein (Coarse fraction from 25 to 75 mm). Sensor-based ore sorting was applied to mineralized material from the La Porfia vein, part of the high-grade silver-gold epithermal system at the Santa Ana Project, to assess its suitability as a pre-concentration method. The objective was to evaluate the potential for early waste rejection and feed grade enhancement using advanced particle discrimination technologies. Approximately 390 kg of material was prepared and delivered to Steinert Latinoamericana in Belo Horizonte, Brazil, consisting of 300 kg of mineralized rock and 90 kilograms of barren waste rock, collected from underground old workings in La Porfia. A sample of approximately 250 kilograms was then separated from this material. Then, this 250 kg sample was prepared into two different size fractions, resulting in approximately 200 kg of material ranging from 25 to 75 mm in size and around 50 kilograms of material ranging from 12 to 25 mm in size. The sorting was performed using a STEINERT KSS CLI XT unit, which combined X-ray Transmission (XRT) to detect atomic density (ideal for distinguishing silver-rich sulfide mineralization), 3D Laser Profiling for shape recognition and positioning. Additionally, RGB and Inductive sensors were also tested but played secondary roles. 1 Silver Equivalent Metal prices used for equivalent calculations were US$1,800/oz for gold, and US$25/oz for silver. Metallurgical recoveries based on Outcrop Silver's metallurgical test work are 97% for gold and 93% for silver (see news release dated August 23, 2023). The equivalency formula is as follows: Assays The resulting sample fractions were sent for assaying to SGS-Geosol in Vespasiano, Minas Gerais, Brazil. The laboratory analytical codes used for Ag assays were GE_ICP40Q and ICP40B_S with multi-acid digestion in both cases. The Au assays were determined by 50 grams fire-assaying with code FAA505. Qualified Person Edwin Naranjo Sierra is the designated Qualified Person within the meaning of the National Instrument 43-101 and has reviewed and approved the technical information in this news release. Mr. Naranjo holds a MSc. in Earth Sciences, and is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr. Naranjo Sierra is a consultant to the Company and is therefore independent for the purposes of NI 43-101. About Santa Ana The 100% owned Santa Ana project covers 27,000 hectares within the Mariquita District, through titles and applications, known as the largest and highest-grade primary silver district in Colombia with mining records dating back to 1585. Santa Ana's maiden resource estimate, detailed in the NI 43-101 Technical Report titled "Santa Ana Property Mineral Resource Estimate," dated June 8, 2023, prepared by AMC Mining Consultants, indicates an estimated indicated resource of 1,226 thousand tonnes containing 24.2 million ounces silver equivalent at a grade of 614 grams per tonne and an inferred resource of 966 thousand tonnes containing 13.5 million ounces at a grade of 435 grams per tonne. The identified resources span seven major vein systems that include multiple parallel veins and ore shoots: Santa Ana (San Antonio, Roberto Tovar, San Juan shoots); La Porfia (La Ivana); El Dorado (El Dorado, La Abeja shoots); Paraiso (Megapozo); Las Maras; Los Naranjos, and La Isabela. The drilling campaign aims to extend known mineralization and test new high-potential areas along the permitted section of the project's extensive 30 kilometres of mineralized trend. This year's exploration strategy aims to demonstrate a clear pathway to substantially expand the resource. These efforts underscore the scalability of Santa Ana and its potential for substantial resource growth, positioning the project to develop into a high-grade, economically viable, and environmentally responsible silver mine. About Outcrop Silver Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region. Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives. At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry. ON BEHALF OF THE BOARD OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "potential," "we believe," or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop Silver to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop Silver have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Outcrop Silver will not update any forward-looking statements or forward-looking information that are incorporated by reference.
