Latest news with #ExploreTech
The Market Online
02-07-2025
- Business
- The Market Online
Giant Mining expands exploration program following high-grade copper discoveries
Giant Mining (CSE:BFG) is expanding its baseline exploration program at its copper-silver-gold project in Pershing County, Nevada The latest drilling results have confirmed significant mineralization These holes intersected high-grade copper within porphyry-related, tourmaline-matrix breccia zones, reinforcing the potential for a robust mineralized system both at depth and laterally across the project area Giant Mining stock (CSE:BFG) last traded at $0.23 This content has been prepared in collaboration with Giant Mining Corp., a third-party issuer, and is intended for informational purposes only. Giant Mining (CSE:BFG) is expanding its baseline exploration program at the Majuba Hill Porphyry Copper-Silver-Gold Project, located in Pershing County, Nevada. This decision follows the company's successful 2024–2025 core drilling campaign, which returned encouraging high-grade copper results. The latest drilling results have confirmed significant mineralization, particularly from core holes MHB-30 and MHB-32. These holes intersected high-grade copper within porphyry-related, tourmaline-matrix breccia zones, reinforcing the potential for a robust mineralized system both at depth and laterally across the project area. Giant Mining has integrated extensive surface geology and geophysical datasets into an AI-driven modeling system developed by ExploreTech. This advanced system has played a pivotal role in identifying new high-priority targets and guiding the company's decision to accelerate exploration efforts. As part of the expanded program, the company is launching Phase 2 of its evaluation strategy, which combines machine-learning insights with targeted fieldwork, including breccia mapping and sampling in the Northern Zone Breccia Corridor. This area hosts magmatic-hydrothermal breccias with geological characteristics similar to those encountered in the recent drill campaign. Historical surface geochemical data from the Northern Zone also reveals strong anomalies in copper, silver, molybdenum, and tin. Drilling highlights from 2024–2025 Seven core holes (MHB-30 through MHB-36) were completed, totalling 7,370.5 feet (2,246.53 metres). This brings the cumulative drilling at Majuba Hill to 89,395 feet (27,247.5 metres), significantly enhancing the geological model and advancing the project toward a maiden mineral resource estimate. Key Intercept – Hole MHB-30: 218.0 feet of 1.35 per cent Cu and 73.4 g/t Ag from surface (0–66.4 metres), including: 74.0 feet (22.6 metres) at 2.6 per cent Cu and 30.1 g/t Ag These results point to the potential of Majuba Hill as a significant porphyry copper-silver-gold system and mark a major step forward in the company's development strategy. 'The 2025 drill program at Majuba Hill has been our most ambitious and technically advanced to date. The consistency and predictability of results from our focused drilling campaigns have strengthened the technical team's confidence in advancing Majuba as the next significant copper discovery in Nevada, with the potential to support a future mineral resource estimate,' David Greenway, CEO of Giant Mining, commented in a news release. 'While assays are still pending from Phase 1 2025, visual core logging and detailed analysis of the 2024 core have already provided a solid foundation for planning Phase 2 in Q3 or Q4 2025.' Giant Mining Corp. identifies, acquires, and advances late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. Giant Mining stock (CSE:BFG) last traded at $0.23. Join the discussion: Find out what everybody's saying about this stock on the Giant Mining Bullboard, and check out the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
Yahoo
25-06-2025
- Business
- Yahoo
Giant Mining Submits Core From 1,100-Foot AI Driven Core Hole MHB-36 -- All Remaining Assays Now Pending From Spring 2025 Drill Program
VANCOUVER, BRITISH COLUMBIA - June 25, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce that all core from drill hole MHB-36 - completed to a total depth of 1,100 feet (335.3 meters) has been sampled and submitted to ALS Global Services ("ALS Labs") for analysis. This hole was part of the Company's Phase 1 Spring 2025 Drill Program ("Core Program"), which comprised five diamond drill holes totaling 5,484.5 feet (1,671.7 meters) at the Majuba Hill Porphyry Copper-Silver-Gold Project ("Majuba Hill"), located in Pershing County, Nevada. All core has now been submitted for assay. This hole was designed using Exploration Technologies, Inc. ("ExploreTech") and its proprietary probabilistic, AI-driven geophysical modeling, which strategically enhanced the Company's targeting capabilities for this phase of the program. ExploreTech optimizes drill targeting and field operations, enabling better, faster, and more cost-effective Phase 1 program was designed to expand known zones of copper mineralization and advance the Majuba Hill project toward completion of a Mineral Resource Estimate ("MRE"). Hole MHB-32, the first of the five holes drilled, returned two significant copper-mineralized zones within a broader interval of 379.5 feet (115.7 meters) grading 0.33% Cu and 16.97 ppm Ag. Notably, the results included 169.5 feet of 0.41% Cu, with higher-grade intervals of 40 feet at 1.36% Cu and 10 feet at 4.36% Cu, indicating that mineralization extends deeper and farther north than previously known. See Press release May 22, 2025, here. "With assays pending from holes MHB-34 and MHB-35, and MHB-36, we're very encouraged by the progress of our 2025 drill program," said David Greenway, President & CEO of Giant Mining Corp. "These results are expected to enhance our evolving deposit model at Majuba Hill, which we believe is shaping up to be a significant copper, silver, and gold discovery in a top-tier jurisdiction with strong infrastructure. The project aligns with America's critical minerals and clean energy priorities. With our Special Warrant Financing now underway, we're well-positioned to accelerate development and build long-term shareholder value."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). The successful intersection of targeted mineralization, as predicted by ExploreTech's AI-driven geophysical modeling, provides a strong foundation for optimizing future drill programs in 2025, 2026, and beyond. Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody The Company utilizes a QA/QC program using best industry practices at the Majuba Hill Project. Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. Sample bags are transported from the Giant Mining secure warehouse to the ALS Labs Sample Prep Facility in Elko, Nevada. ALS Labs then securely transports the prepared pulps to their analytical lab in North Vancouver, B.C. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS Labs method Au-AA23 which is a fire assay with an AAS finish on a 30-gram split. Copper, silver, and the remaining 31 elements are determined by ALS Labs method ME-ICP61 which is a four-acid digestion and ICP-AES assay. Approximately 5% of the submitted samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps. 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 (). 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@ +1 (236) 788-0643 LIKE AND FOLLOWInstagram, Facebook, Twitter, LinkedInThis news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the Offering, the use of proceeds of the Offering, and future plans and objectives of the Company. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Yahoo
12-05-2025
- Business
- Yahoo
Giant Mining Intersects ExploreTech-Predicted Mineralization, Indicating Potential Extension or New Discovery at Majuba Hill Copper-Silver-Gold Project, Nevada
VANCOUVER, BRITISH COLUMBIA - May 12, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (CSE: ("Giant Mining" or the "Company") is pleased to provide the following update on Hole MHB-36 ("MHB-36"). MHB-36 is the fifth and final hole of the 2025 diamond core drilling program (the "Core Program"), at the Majuba Hill Porphyry Copper-Silver-Gold Deposit ("Majuba Hill") in Pershing County, Nevada. The hole was completed to 1100 feet (335.3 m). The Company further announces it is fully funded for a follow-on drill program at Majuba Hill. 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 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 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 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 Behalf of the Board of Giant Mining Corp."David Greenway"David C. Greenway President & CEO For further information, please contact:E: info@ 1 (236) 788-0643 VISIT OUR WEBSITE FOR MORE 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.
Yahoo
03-04-2025
- Business
- Yahoo
Giant Mining Adds AI-Driven Fifth Drill Hole to 2025 Majuba Hill Program in Collaboration With ExploreTech
VANCOUVER, BRITISH COLUMBIA - April 3, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce that Hole MHB-32 ("MHB-32") has been successfully drilled to a total depth of 889.5 feet (271.1 meters). MHB-32 is the first hole of the 2025 diamond core drilling program (the "Core Program"), currently underway at the Majuba Hill Porphyry Copper-Silver-Gold Deposit ("Majuba Hill") in Pershing County, Nevada. Following the encouraging visual results from Hole MHB-32, a fifth hole has been added to the 2025 diamond core drilling program. This new hole was designed by Exploration Technologies ("ExploreTech") to specifically target a high-potential southern resistivity anomaly identified by its proprietary AI program. As previously stated, 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"). David Greenway, CEO of Giant Mining, commented: "We are thrilled with the continued success of the 2025 drill program and encouraged by our team's recommendation to add an additional hole to the plananother key step toward advancing Majuba Hill to a new NI 43-101 mineral resource estimate. This hole, designed in collaboration with ExploreTech, will test a high-potential southern resistivity anomaly identified by the ExploreTech AI program. The scale and potential of this system continue to impress, and this phase of drilling is critical to unlocking further value for our shareholders. With copper prices near all-time highs and growing urgency to develop domestic U.S. copper sources, the timing has never been better. The entire team at Giant Mining has never had more conviction in advancing Majuba Hill toward its true potential." Big Sky Exploration, LLC ("Big Sky") of Eureka, Nevada, successfully completed drilling of Hole MHB-32 and mobilized the drill rig to a new pad where Hole MHB-33 is scheduled to be drilled. MHB-32 was quick-logged and tagged for sampling on-site by Giant Mining geologists (Figure 2), as part of the Company's efforts to efficiently advance the 2025 Core Program at Majuba Exploration Technologies Inc. ExploreTech's AI approach is specifically designed to combine surface geology and drilling results with computationally intensive remodeling of existing geophysical datasets to optimize targeting of covered targets. The process quickly generates thousands of solutions that cluster on the best fits between the geological and geophysical data and 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 core samples from MHB-32 will be securely transported to Giant Mining's secured warehouse facility in Elko, Nevada. At this location, the cores will undergo systematic sawing. Following this, the processed samples will be sent to ALS Group USA, Corp. ("ALS Labs") in Elko, Nevada. At ALS Labs, the samples will undergo rigorous analyses, including assays for copper, silver, gold, and other trace elements, to accurately assess the mineral content and support ongoing exploration efforts at Majuba Hill. As previously reported in the March 17, 2025 news release, the 2025 Core Program has been designed to follow up on high-grade copper mineralization intersected in breccias from the 2024 core holes MHB-30 ("MHB-30") and MHB-31 ("MHB-31") and extend the high-grade copper zones below the historic underground workings (Figure 3).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. Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody The Company utilizes a QA/QC program using best industry practices at the Majuba Hill Project. The samples are placed in cloth or plastic sample bags and are transported from the Majuba Hill to the Giant Mining secure warehouse for core sawing and processing and then samples are delivered to the ALS Labs sample prep facility in Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in North Vancouver, B.C. Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS Labs method Au-AA23 which is a fire assay with an AAS finish on a 30-gram split. Copper, silver, and the remaining 31 elements are determined by ALS Labs method ME-ICP61 which is a four-acid digestion and ICP-AES assay. Approximately 5% of the submitted samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps. The remaining sample pulps are retrieved from ALS Minerals and retained by the Company for future metallurgical testing. 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: 83,930 feet of drilling to date. Rough replacement value of drilling USD $10.4 Million in development 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 (). 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 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. GreenwayPresident & CEO For further information, please contact:E: info@ 1 (236) 788-0643 Instagram, Facebook, Twitter, LinkedInThis 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. View the original release on Sign in to access your portfolio
Yahoo
25-03-2025
- Business
- Yahoo
Giant Mining Corp. Announces Drilling Underway at Majuba Hill Copper-Silver-Gold Deposit in Nevada, USA
VANCOUVER, BRITISH COLUMBIA - March 25, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce that core drilling is underway at its flagship Majuba Hill Porphyry Copper Project ("Majuba Hill") in Pershing County, Nevada. The first drill hole, MHB-32, has commenced with the primary objective of expanding known zones of copper mineralization and advancing toward a new Mineral Resource Estimate ("MRE"). The 2025 Core Program has been designed to follow up on high-grade copper mineralization intersected in breccias from the 2024 core holes MHB-30 ("MHB-30") and MHB-31 ("MHB-31") and extend the high-grade copper zones below the historic underground workings. David Greenway, CEO of Giant Mining, commented: "We are excited to begin drilling at Majuba Hill as we advance the project toward an updated resource estimate. The scale and potential of this system continue to impress, and this phase of drilling is critical in unlocking further value for our shareholders. It's also worth noting that copper is currently trading at approximately $5.12 per pound, significantly higher than during our last drill program when prices were under $4.00. This increase enhances the in-situ value of our mineralized rock year over year and reinforces the importance of advancing exploration at Majuba Hill at this pivotal time." The planned drill program includes up to 4 holes totaling 4,400 feet (1,340 meters) within the current exploration target area at Majuba Hill. A minimum of 2,600 feet (792 meters) will be drilled under the existing contract, with no maximum limit, allowing for flexibility based on results. Each hole is initially planned to a depth of 1,100 feet (335 meters), with the potential to extend to 1,600 feet (487 meters) if mineralization continues at depth. As previously reported in the March 17, 2025 News release, the drill hole targets were developed through a collaborative effort between Giant Mining and Exploration Technologies ("ExploreTech"). ExploreTech was engaged to apply its proprietary Engine AI artificial intelligence and cloud computing platform to analyze the planned core drilling program. The platform focused on identifying breccia zones and large low-resistivity anomalies. This collaboration leveraged Giant's extensive geophysical and drilling database to generate high-priority targets with greater precision. E.L. "Buster" Hunsaker, Senior Consulting Geologist, added: "We're drilling MHB-32 into the heart of the porphyry system. Based on previous data and alteration patternsparticularly the breccias observed in 2024 core holes MHB-30 and MHB-31we believe this hole will further define the mineralized zone and potentially confirm deeper extensions of the copper system at Majuba Hill." Figure 1: Drill Team and Equipment on Site for 2025 Drill Program 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. Click Here to see Figure 2: Majuba Hill 2025 Proposed Drill Hole Locations Majuba Hill's critically important characteristics are as follows: Location: Nevada The #1 mining jurisdiction on the planet according to the Fraser Institute 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: 83,930 feet of drilling to date. Rough replacement value of drilling USD $10.4 Million in development 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 Corp. 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. GreenwayPresident & CEO For further information, please contact:E: info@ 1 (236) 788-0643 Instagram, Facebook, Twitter, LinkedInThis 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. View the original release on Sign in to access your portfolio
