Copper Giant Resources Corp. (TSXV: CGNT | OTCQB: LBCMF | FRA: 29H0) reported on July 28, 2026 that infill hole MD-066 at its Mocoa copper-molybdenum porphyry project in Putumayo, Colombia, cut 584 metres of 0.73% CuEq (0.40% Cu, 0.062% Mo) — including a 183-metre core interval grading 0.94% CuEq, against a current resource average of 0.51% CuEq, per the company's July 28, 2026 news release.

The company also reported results from corridor hole MD-065 in the same July 28 release; full interval data for MD-065 was not available in the source material reviewed.

Mocoa's updated mineral resource stands at 1.12 billion tonnes at 0.51% CuEq. Per the company's resource announcement, that represents a +76% increase in tonnage, a +14% increase in CuEq grade, and a +101% increase in contained CuEq metal versus the 2022 MRE at the same 0.25% CuEq cut-off. Mineralization runs from surface to depths exceeding 1,000 vertical metres on a Jurassic-age porphyry Cu-Mo system. MD-066 was an infill hole, tightening the geological model ahead of a PEA targeted for the second half of 2026.

The company mobilized a third drill rig on April 8, 2026, bringing its active fleet to three rigs under a fully funded 2026 program targeting 23,000 metres — an 80% increase versus the 2025 campaign, per company disclosures. The stated conversion target for 2026 is 30–50% potential resource conversion.

As of May 1, 2026, Copper Giant reported C$23 million in cash against 208,764,198 common shares outstanding and a fully diluted share count of 318,882,421, including 91,658,223 warrants and 18,460,000 options, per the company's investor page. A third-party analysis via Simply Wall St flags less than one year of cash runway based on a free cash flow trend of negative C$15 million.

CGNT.V traded at C$0.793 on July 28, 2026 — up 5.5% — on volume of 520,000 shares in the first hour following the release, per ingested trading data. Copper provided a modest headwind on July 29, 2026, falling to $6.27 USD/lb, down 0.94% on the day, per available commodities data.

What is next: a PEA targeted for H2 2026, continued infill and corridor drilling under the three-rig program, and further assay results from the 23,000-metre campaign.