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by Will Purcell

The critical and specialty minerals stocks box score for Thursday was a horrific 27-160-123 as the TSX Venture Exchange crashed 69 points to 969. Ian Harris's Copper Giant Resources Corp. (CGNT), up 16 cents to 86 cents on 11 million shares Wednesday, lost six of them today, closing at 80 cents on 5.77 million shares. The moves follow word of new assays from La Estrella, on its Mocoa project in Colombia.

The first of two new holes, which sought to extend the Mocoa porphyry system southward, returned a 117-metre interval grading 0.05 per cent copper and 0.004 per cent molybdenum. The second hole, drilled from the same site at the southern fringe of Mocoa, tested an area previously modelled as waste. It returned an 804-metre surface-based zone grading 0.13 per cent copper and 0.01 per cent molybdenum, with a 253-metre core running 0.27 per cent copper and 0.03 per cent molybdenum.

Mr. Harris, president and chief executive officer, looked to Edwin Naranjo Sierra, his vice-president of exploration, to geologize some enthusiasm for the assays. He took a broader view, however, glowing that "the 2025 program delivered a major milestone for Mocoa, advancing the project beyond the one-billion-tonne ... mark through disciplined drilling and geological understanding." That outcome, he enthused, "reflects both the scale of the system and the effectiveness of our exploration strategy."

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