Giant Mining Intersects ExploreTech-Predicted Mineralization, Indicating Potential Extension or New Discovery at Majuba Hill Copper-Silver-Gold Project, Nevada
Notably, Hole MHB-36 was strategically designed using Exploration Technologies, Inc. ("ExploreTech") and its proprietary probabilistic AI-driven geophysical modeling, significantly enhancing the Company's targeting capabilities for this phase of the program. ExploreTech's software automatically optimizes drill targeting - enabling companies to make smarter, faster, and more cost-effective drilling decisions.
Figure 1: 3D Model of Majuba Hill, showing the five drill collars and summarized results for MHB-36. Right: Downhole plot of drilling results and ExploreTech prediction, showing predicted probability of sulfide mineralization and the true intersection (dashed grey).
MHB-36 intersected visual disseminated and vein-hosted chalcopyrite mineralization within the targeted breccia zone, beginning at a downhole depth of 650 ft (198 m). Mineralization was observed intermittently continuing beyond 905 ft (274.32 m).
Figure 2: MHB-36/935 feet (285 m). Intrusive with disseminated chalcopyrite.
Figure 3: MHB-36/ 795 feet (242.3 m). Hornfelsed Auld Lang Syne Metasediments with Chalcopyrite in core box and close-up view.
As stated in the May 9, 2025 news release, the fifth drill hole originally targeted a depth of 1,000 ft (305 m), inclined at 70 with an azimuth of 220. The hole was designed by ExploreTech using its proprietary AI-assisted geophysical modeling system to target a high-potential resistivity anomaly identified in the southern sector of the project area. Upon completion of these five drill holes, the Company's cumulative exploration and development drilling will exceed 88,000 ft (26,822 m), providing a significantly enhanced geological and geophysical dataset to refine the deposit model and guide subsequent resource estimation.
The intersection of the targeted mineralization, as predicted by ExploreTech's AI-assisted geophysical modeling, provides a critical foundation for optimizing the design of the Company's subsequent drill programs planned for 2025, 2026, and beyond.
Figure 4: Location for AI-Assisted Drill Hole Targeting for MHB-36 Designed by ExploreTechDavid Greenway, CEO of Giant Mining, commented: "The future is now. ExploreTech's cutting-edge AI technology, combined with the expertise of our technical team at Giant Mining, is transforming how we explore and unlock the full potential of Majuba Hill. The AI models predicted mineralization starting between 600 and 700 ft, and our team intersected the target zone within just 50 ft of those projections - a remarkable validation of this technology. Artificial intelligence is reshaping the future of mineral exploration and deposit development, not only in the U.S. but worldwide. We're proud to be at the forefront of this transformation, investing in innovation today that will drive success at Majuba Hill through 2026 and well beyond."
The primary objective of the Core Program is to expand the known zones of copper mineralization at Majuba Hill and advance the project toward a new Mineral Resource Estimate ("MRE").
Tyler Hall, Co-Founder and President of ExploreTech, stated: "We are thrilled to see these drilling results; the nature of this new sulfide zone could link the breccias above with large porphyry style mineralization below. This step-out drillhole expands the potential at Majuba. Furthermore, with these results, ExploreTech's drilling recommendations have correctly intersected the source of geophysical anomalies 7 out of 7 times, and this marks the first time we are sharing real-world results with the broader public. We've repeatedly seen our Inverter and Driller tools, built on the ExploreTech Engine, improve interpretation timelines and drilling accuracy on multiple deposit styles, with multiple geophysical techniques. This collaboration with the Giant Mining team has not only delivered remarkable accuracy in targeting mineralization but is also setting the stage for continuous optimization as new drilling data is incorporated. We're proud to support Giant Mining as they advance Majuba Hill into 2026 and beyond, and we look forward to the discoveries that lie ahead."
Figure 5: Majuba Hill 2025 Drill Hole Locations
About Exploration Technologies Inc.
ExploreTech's AI approach uses Inverter and Driller; two APIs built on top of The ExploreTech Engine cloud computing orchestration system. Inverter is specifically designed to combine surface geology and drilling results with computationally intensive modeling of existing geophysical datasets to optimize targeting of covered targets. Driller then generates drillhole trajectories designed to cut those clusters most effectively.
ExploreTech first combines the geological concept with AI geophysical simulation to identify and locate where the source of a geophysical anomaly actually lies. This is done by testing thousands of possible explanations (models) for anomalies measured at the surface and selecting only those that closely match the real-world geophysics. The selected models of the combined geology and geophysics cluster around the most likely location of the anomaly. The program then evaluates the clusters in three dimensions to determine the optimal drilling trajectory to pierce as many of the target anomalies as possible. The entire process can be rerun as drill results for specific targets, or additional geophysical surveying, adds new information allowing improved vectoring to the best mineralized parts of a given ore system. This use of AI to reveal and reinforce target anomalies in existing geophysical datasets is a significant new exploration tool and has already been applied in several cases, some are viewable at www.exploretech.ai.
The Company will provide regular updates as the drill program progresses, including assay results, geological observations, and any significant developments encountered during drilling. These updates will keep shareholders and stakeholders informed on the advancement of the Majuba Hill project and its potential to support a future resource estimate.
Majuba Hill's critically important characteristics are as follows:
Location:
Nevada, USA - a globally top-ranked mining jurisdiction, ranked #1 in the Fraser Institute's 2022 Annual Survey of Mining Companies.
Project Size:
9,684 Acres
Infrastructure:
The Majuba Hill property is 113 road km (70 miles) southwest of Winnemucca, Nevada, and 251 km (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nevada exit on U.S. Interstate 80, and traveling westward 23 miles. People, Roads, Power and Water are the basic elements when considering infrastructure and Majuba Hill already has a solid infrastructure foundation for building a large facility which will provide significant savings compared to more remote projects
History:
Historical Producer
Drilling:
Approximately 88,795 feet of drilling to date. Rough replacement value of drilling USD $12.1 Million using current costs.
Mineralization:
The project shows indications of a potentially large Cu Ag +/- Au mineralized body with many features in common with both large porphyry copper, silver, and gold projects.
Expandability:
The IP survey, deep drilling, and step-out drilling indicate significant expansion potential, with mineralization open in all directions.
Fully Financed:
Secured funding for 2025 Drilling Campaign
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43- 101").
About Giant Mining Corp.
Giant Mining is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by initiatives like the Green New Deal in the United States and similar climate-focused programs worldwide, which require substantial amounts of copper, silver, and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems.The Company's flagship asset is the Majuba Hill Copper, Silver, and Gold District, located 156 miles (251 km) from Reno, Nevada. Majuba Hill is situated in a mining-friendly jurisdiction with supportive regulations and has the potential to become one of the next major copper deposits, critical for meeting the increasing need for this red metal.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.On Behalf of the Board of Giant Mining Corp."David Greenway"David C. Greenway President & CEO
For further information, please contact:E: info@giantminingcorp.comP: 1 (236) 788-0643
VISIT OUR WEBSITE FOR MORE DETAILSwww.giantminingcorp.comLIKE AND FOLLOWInstagram, Facebook, Twitter, LinkedIn
Forward-Looking Statements
This news release contains certain forwardlooking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forwardlooking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
an hour ago
- Bloomberg
Key Data Suggests South Africa GDP Grew for Third Straight Quarter
South Africa's economy probably expanded for a third successive quarter, buoyed by recoveries in the key manufacturing and mining sectors, although US tariffs now pose a fresh challenge to growth. Analysts polled by Bloomberg from Aug. 8-13 expect the economy to expand 0.4% when second quarter gross domestic product is published on Sept. 9, compared with 0.1% in the prior three months.


Bloomberg
an hour ago
- Bloomberg
Indonesia Budget 2026: Consumer, Energy Stocks Emerge as Winners
Indonesia's consumer and mining firms are set to benefit from the country's 3.79 quadrillion rupiah ($234 billion) spending plan next year as President Prabowo Subianto aims to accelerate growth in Southeast Asia's largest economy. The president plans to ramp up spending on his flagship free meals program and expand the downstream mining sector. His target of 5.4% economic growth in 2026, while narrowing the deficit to 2.48% of gross domestic product, will come as a relief to investors earlier rattled by concerns of a slowing economy and fiscal discipline.
Yahoo
2 hours ago
- Yahoo
Eldorado Gold Announces Appointment of Christian Milau as President
VANCOUVER, British Columbia, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) ('Eldorado' or the 'Company') is pleased to announce that Christian Milau will be joining the Company as President, effective September 12, 2025. Christian brings over 25 years of experience in finance, capital markets and mining. He has deep expertise in operational leadership, government and stakeholder relations, and has worked across key mining jurisdictions in North and South America, Africa, and other global regions. As a mining executive, he has led growth-focused exploration, development and operating companies in gold and copper with a clear focus on fostering a values-based performance culture and building lasting stakeholder partnerships. He was most recently the Chief Executive Officer and a founder of Saudi Discovery Company, a private copper and gold exploration company focused on exploration in Saudi Arabia, as well as a non-executive board member with several gold and copper companies including New Gold Inc., Northern Dynasty Minerals Ltd., Arras Minerals Corp. and Copper Standard Resources Inc. As part of his transition, Christian will be stepping down from his non-executive board member appointments. Prior to that, Christian served as Chief Executive Officer of Equinox Gold from 2016 to 2022, leading the company through significant growth from a single-asset developer to a multi-mine producer with eight operating mines. Prior to Equinox, he served as Chief Executive Officer at True Gold Mining, as well as Chief Financial Officer of Endeavour Mining and Vice President, Treasurer at New Gold. He holds a Chartered Professional Accountant (CA) designation. With this appointment, George Burns, Eldorado's President & Chief Executive Officer, will transition to the role of Chief Executive Officer. Christian will oversee both the Executive Vice President and Chief Financial Officer, as well as the Executive Vice President Operations and Technical Services. His areas of accountability will include Canada and Türkiye Operations, Technical Services, Exploration, Finance, Human Resources, and Health, Safety and Sustainability. Steven Reid, Chair of the Board commented, 'As we position the company for its next leg of growth, the Board conducted a comprehensive search to identify a President with the right blend of experience, vision, and leadership. Christian is a proven leader who will complement our executive team and help unlock the full potential of our business. His appointment reflects our commitment to thoughtful leadership and succession planning and long-term value creation.' 'Christian's experience is a perfect fit for Eldorado,' said George Burns, President & Chief Executive Officer. 'He brings a rare combination of operational depth, financial acumen, and strategic vision. His leadership through transformative periods at multiple mining companies strengthens our executive team. I look forward to working alongside Christian as we advance toward the completion of Skouries construction – a key inflection point for our company. As we prepare to bring our new copper-gold mine into production Christian's insights and experience will be instrumental in driving our next phase of strategy, growth and capital allocation.' 'The team at Eldorado has executed well on a disciplined and long-term growth strategy and I'm thrilled to be joining this superb team at such a transformative time in its journey,' said Christian Milau. 'With Skouries coming online next year, the company is entering an exciting new chapter, and I'm eager to contribute to that momentum. What drew me to Eldorado is not just its quality asset base and growth trajectory, but its values of collaboration, agility, courage, drive and integrity. Strong values have guided me throughout my career, and it's clear these principles are deeply embedded in Eldorado's culture. I look forward to working with George and the broader team to build on the company's strong foundation to realize value for stakeholders, deliver on strategic growth opportunities within the portfolio and to shape the next phase of Eldorado's evolution as a leading gold and base metals producer.' About Eldorado Gold Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Contact Investor Relations Lynette Gould, VP, Investor Relations, Communications & External Affairs647 271 2827 or 1 888 353 8166 MediaChad Pederson, Director, Communications and Public Affairs236 885 6251 or 1 888 353 8166 of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", 'continue', 'projected', "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. In particular, such forward-looking statements include, but are not limited to, statements relating to Eldorado's intention to bring the Skouries Project into production. Eldorado's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about: general market conditions, including prevailing market prices of our common shares and other available investment and business opportunities. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others: our assumptions relating to general market conditions, including prevailing market prices of our common shares, and other available investment and business opportunities, as well as those risk factors discussed in the sections titled 'Forward-Looking Statements' and "Risk factors in our business" in the Company's most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR+ and EDGAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations. The inclusion of forward-looking statements and information is designed to help you understand management's current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.