Latest news with #GiantMining
Yahoo
3 days ago
- Business
- Yahoo
Giant Mining Submits Core For Assay From 1,963 Foot Hole Mhb-34 At Majuba Hill Copper Project- Advancing Critical Minerals In Nevada
VANCOUVER, BRITISH COLUMBIA - May 30, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (CSE: ("Giant Mining" or the "Company") is pleased to announce that all core from drill hole MHB-34, completed to a total depth of 1,963 feet (598.3 metres)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 (the "Core Program"), which comprised five diamond drill holes totaling 5,484.5 feet (1,671.68 metres) at the Majuba Hill Porphyry Copper-Silver-Gold Project ("Majuba Hill"), located in Pershing County, Nevada . Figure 1. MHB-34 Core Being Processed for bagging and shipping to ALS for assays The 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 metres) 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. David Greenway, CEO of Giant Mining, commented: "In my entire career, I've never seen drill core like this, it's truly extraordinary. When we began drilling MHB-34, we had high expectations, but what we encountered exceeded them all. In my entire career, I've never seen drill core like this. The presence of visible native copper beyond 1,850 feet, alongside cuprite and chalcopyrite, is a powerful indicator of the scale and strength of the mineralized system at Majuba Hill. This hole reinforces our belief that Majuba Hill is evolving into a world-class copper, silver, and gold discovery. Located in a top-tier mining jurisdiction with excellent infrastructure, this project is uniquely positioned to contribute to America's clean energy transition and critical minerals independence. We eagerly await the assay results from ALS Labs and look forward to advancing our 2025 exploration program." Click to see Figure 2: MHB-32 NQ Core closeup. Clasts of intrusive with chalcopyrite in tourmaline/chalcopyrite matrix breccia at 810 ft (246.89 m). About Hole MHB-34 Visible native copper observed beyond 1,850 feet signals scale and strength at Majuba Hill. Strong presence of native copper, cuprite, and chalcopyrite suggests proximity to a primary copper sulfide zone. Majuba Hill positioned as a homegrown U.S. critical minerals project with Tier 1 infrastructure advantages. As shown in the accompanying images (Figure 2-5), native copper, cuprite, and chalcopyrite was persistent in the deeper part of MHB-34. Click to see Figure 3: MHB-34/1499 ft (456.9 m) Native Cu on fracture HQ Core, 2.5-inch (63.5 mm) diam. Click to see Figure 4: MHB-34/1510 ft (460.2 m) Native Cu in HQ Core with chalcopyrite, 2.5-inch (63.5 mm) diam. Click to see Figure 5: MHB-34 1527 ft (465.4 m) Chalcopyrite and Tourmaline Breccia Matrix, HQ Core 2.5-inch (63.5 mm) diam. Click to see Figure 6: MHB-34/1542 ft 470 m) Chalcopyrite with Cuprite and Native Copper, HQ Core 2.5-inch (63.5 mm) 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 89395 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 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. Market Awareness The Company has entered into extended its Agreement with Gold Standard Media, LLC ("GSM") and its affiliates will continue to provide the Company with advertising services including (i) creating landing pages, (ii) digital marketing, (iii) email marketing, and (iv) influencer marketing. The Extension Agreement is for an additional six (6) months to the original term as previously announced on January 10, 2025 in consideration of a payment of up to $400,000 USD. GSM has a business address located at 723 W University Avenue, Georgetown, TX 78626 and can be contacted at +1 512-843-1723 or ceo@ GSM and its principals are arm's length from the Company. The Company shall not issue options or other securities in consideration for GSM's services. The Company further announces that it has engaged the services of 1123963 B.C Ltd. DBA Capitaliz On It ("Capitaliz"), a social media influencer focused digital marketing agency out of Vancouver, BC, to increase investor awareness and interest in the Company as well as attracting new investors through various online platforms and a comprehensive digital media marketing campaign for the Company. Capitaliz has been engaged for a period of three (3) months commencing June 9th, 2025 for USD $90,000. Capitiliz is at arms length to the company and the principal doesn't own any shares of Giant Mining Corp. Capitaliz can be reached by email at charles@ or by phone at 778-237-1431. The Company further announces it has engaged Consultant Feneck Consulting Group, LLC ("Feneck") for certain capital markets, strategic marketing and investor relations services to raise Giant's investor profile . The agreement is effective as of May 20, 2025 and shall continue until November 19, 2025 and may be extended for additional six month increments by the parties' mutual written agreement beginning on November 20, 2025; and (ii) the Company will pay the Consultant cash in the amount of US$15,000 for the period May 20, 2025 to August 19, 2025 and cash in the amount of US$22,500 for the period August 20, 2025 through November 19, 2025. Feneck Consulting Group, LLC can be reached by phone at +1 732-300-5451 and by email at Furthermore, the company announces it has extended its agreement with Plutus Invest & Consulting GmbH ("Plutus") as of May 28th, 2025 for an additional term of two (2) months in consideration for a payment of EUR 160,000 to provide consulting services related to advertising, marketing, PR strategies and investor awareness in the European market. Plutus has a business address at Buchtstr. 13, Bremen 28195, Germany and can be contacted at (email: contact@ or by telephone: (+49 42117540174). Plutus (including its directors and officers) has an arm's-length relationship with the Company. The Company will not issue any securities to Plutus as compensation for its marketing services. 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) 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.
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.
Globe and Mail
05-05-2025
- Business
- Globe and Mail
Truly Extraordinary Drill Core Fuels Surge in Shares of This Junior Miner
It's not every day that a press release features a seasoned mining executive declaring, "In my entire career, I've never seen drill core like this—it's truly extraordinary." But that's exactly what happened today, as a junior mining company released an update on its ongoing drill program. Unsurprisingly, the announcement sparked investor excitement, sending the company's shares sharply higher at last check. As mentioned, shares of Giant Mining Corp. (CSE: BFG) (OTC: BFGFF) are surging following news that drilling of Hole MHB-34 has surpassed 1,850 feet (563.88 meters). MHB-34 is the third of five planned holes in the company's 2025 diamond core drilling program at the Majuba Hill Porphyry Copper-Silver-Gold Deposit in Pershing County, Nevada. The primary objective of the program is to expand known copper mineralization at Majuba Hill and move the project toward a new Mineral Resource Estimate. 'The strong presence of cuprite, native copper, and chalcopyrite in MHB-34 suggests we may be approaching the primary copper sulfide zone. We look forward to receiving the assays,' said Larry Segerstrom, member of Giant Mining's Board of Directors. CEO David Greenway added: 'In my entire career, I've never seen drill core like this—it's truly extraordinary. With visible native copper extending beyond 1,600 feet, we've exceeded our initial expectations. Majuba Hill is emerging as a world-class copper, silver, and gold discovery—strategically positioned to support America's clean energy future and mineral independence. Nevada's excellent infrastructure and mining-friendly environment further enhance the project's value.' The Majuba Hill Project is located in a mining-friendly jurisdiction and benefits from existing infrastructure, including well-maintained access roads, proximity to power supply, transportation routes (highway and rail), and potential sites for processing, waste management, and administration. Shares of BFG are currently up 51.22% at $0.31 while U.S. listed shares (BFGFF) tack on a still impressive 35.45% on the news in late-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Yahoo
15-04-2025
- Business
- Yahoo
Giant Mining Site Visit Highlights Ongoing Drilling Beyond 1,000 Feet at Majuba Hill Copper-Silver-Gold Project in Nevada
VANCOUVER, BRITISH COLUMBIA - April 15, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce that key members of Giant's executive team visited the ongoing drill program at Majuba Hill Porphyry Copper-silver-Gold Deposit ("Majuba Hill") located in Pershing County, Nevada. During the site visit, drilling surpassed 1,000 feet (304.8 meters) at Hole MHB-34 ("MHB-34"). MHB-34 is the third of five holes of the 2025 diamond core drilling program (the "Core Program"), currently underway. Figure SEQ Figure \* ARABIC 1: MHB-34: Drilling deeper hole towards Lower Adit to connect 2 of the >0.5% Cu domains modeled previously by RESPEC Engineering. 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: "The Company has now collectively drilled over 2,500 feet of development drilling in 2025 to adding to the drill database of over 80,000 feet of past drilling and over 100 historical holes of development and deposit understanding at Majuba Hill. This is another step toward advancing Majuba Hill toward our ultimate goal of a new NI 43-101 mineral resource estimate. The scale and potential of this system continue to impress and 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-33 and mobilized the drill rig to a new pad where Hole MHB-34 has commenced drilling. MHB-33 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 Hill. The core samples from MHB-32 and MHB-33 have been securely transported to Giant Mining's secured warehouse facility in Elko, Nevada. At this location, the cores are being sawn in half and sampled. 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 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. Warrant Expiry The Company also wishes to advise shareholders that approximately 4,000,000 tradeable warrants ("CSE: are still outstanding and are expiring May 1st, 2025 (within the next three weeks). Investors who want to benefit from the warrants are encouraged to exercise their warrants prior to expiry. 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 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. Sign in to access your portfolio
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
