Latest news with #GiantMiningCorp
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
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
28-02-2025
- Business
- Yahoo
Giant Mining Corp. Strengthens Commitment to USA Copper Supply Amid Potential Tariffs
VANCOUVER, BRITISH COLUMBIA - February 28, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce the company's ongoing commitment to strengthening the United States of America ("USA") domestic copper supply. The Company is advancing this initiative with the imminent launch of exploration and development drilling at its flagship Majuba Hill Copper-Silver-Gold Deposit in Nevada, USA. "Our drilling program, adding to over 100+ previous drill holes and more than 80,000 feet of historical drilling at Majuba Hill, Nevada, underscores our commitment to establishing a secure and sustainable U.S. copper supply," said David Greenway, CEO of Giant Mining Corp. "With the America First strategy and looming tariffs, prioritizing domestic production is more critical than ever. Majuba Hill is poised to be part of the solution." Threat to National Security from Imports of Copper On February 25, 2025, President Donald Trump signed an executive order titled Addressing the Threat to National Security from Imports of Copper. The order directs the Department of Commerce, led by Secretary Howard Lutnick, to investigate potential tariffs on copper imports due to national security concerns. The U.S. currently imports approximately 45% of its copper from major suppliers including Canada, Mexico, Chile, and Peru. Despite domestic reserves in the ground, the U.S. lags in smelting and refining capacity, with over 50% of global smelting controlled by a single foreign producer. The administration argues that reducing dependence on foreign copper is crucial for domestic manufacturing, infrastructure, and defense industries. This investigation could lead to trade restrictions aimed at boosting U.S. copper production and safeguarding supply chains. The move aligns with broader efforts to enhance American resource independence in critical minerals and strategic industries. Section 2: Investigation Into the National Security Impact of Copper Imports The Secretary of Commerce shall initiate an investigation under Section 232 of the Trade Expansion Act to assess the national security implications of copper imports in all forms. This includes, but is not limited to, raw mined copper, copper concentrates, refined copper, copper alloys, scrap copper, and derivative products. The investigation will evaluate the impact of these imports on domestic production capacity, supply chain security, and the broader economic and defense needs of the United States. For more information, see the Presidential Executive Order: Addressing the Threat to National Security from Imports of Copper President Donald J. Trump from the Oval Office commented, "Like our Steel and Aluminum Industries, our Great American Copper Industry has been decimated by global actors attacking our domestic production. To build back our Copper Industry, I have requested my Secretary of Commerce, led by Commerce Secretary Howard Lutnick, and the U.S. Treasury to study Copper Imports and end Unfair Trade putting Americans out of work. Tariffs will help build back our American Copper Industry and strengthen our National Defense. American industries depend on copper, and it should be MADE IN AMERICANo exemptions, no exceptions! America First creates American jobs and protects our National Security. It's time for copper to come home." Figure 1: Drilling Equipment at MHB-31 during 2024 drill campaign Majuba Hill: A Strategic Copper-Silver-Gold Asset in the #1 Mining Jurisdiction Nevada is the world's premier mining jurisdiction, known for its mining-friendly policies and strong infrastructure. Majuba Hill boasts significant copper-silver-gold mineralization with substantial exploration potential. The Company is set to begin an extensive drilling program to further define the deposit and accelerate its development. Potential Copper Tariffs and the Need for Domestic Supply The Trump administration's consideration of tariffs on copper imports highlights the necessity for a reliable U.S.-based copper supply. Currently, the U.S. imports large quantities of copper from South America and other regions. If tariffs are imposed, manufacturers and industries relying on copper could experience rising costs and supply chain disruptions. By advancing Majuba Hill, Giant Mining aims to provide a domestic alternative that secures the U.S. copper supply, mitigates economic vulnerabilities, and enhances energy independence. Copper's Role in Energy Independence and Infrastructure Copper is a cornerstone of modern technology and essential for the transition to renewable energy. Renewable Energy: Copper is critical for wind turbines, solar panels, and battery storage systems. Electric Vehicles (EVs): EVs require up to four times the copper of conventional vehicles, driving demand. Electrical wiring, water systems, and transportation networks all rely on copper. Copper is indispensable to military, aerospace, and communications systems. As the U.S. considers tariffs on imported copper, developing domestic deposits like Majuba Hill becomes increasingly critical. Giant Mining Corp. is leading the effort to secure a stable and independent copper supply, reinforcing America's infrastructure, energy transition, and national security. With drilling set to commence, the Company is taking decisive steps to unlock the full potential of this strategic U.S. asset. Some of Majuba Hill's critically important characteristics are as follows: Figure 2. Drilling Equipment on Site during previous drill campaigns 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 $10.9 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 VISIT OUR WEBSITE FOR MORE LIKE AND FOLLOWInstagram, Facebook, Twitter, LinkedIn 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. Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Giant Mining Corp. Announces Drilling to Commence in March at Majuba Hill, Nevada
VANCOUVER, BRITISH COLUMBIA - February 25, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) ("Giant Mining" or the "Company") is pleased to announce that Big Sky Exploration, LLC ("Big Sky") will commence drilling on or about March 24th, 2025 for the previously announced diamond core drilling (the "Core Program") at the Majuba Hill Porphyry Copper Deposit ("Majuba Hill"), a copper, silver, and gold project located in Pershing County, Nevada. The Company plans to drill 4 holes totaling 4,400 feet (1,340 meters) of core drilling within the existing exploration target area. A minimum of 2,600 feet will be completed and the contract does not have a maximum drilling requirement, allowing for flexibility in the execution of the project. If the holes are in mineralization beyond the contemplated 1,100 feet (335 meters) per hole the company has allowed for drilling to continue up to 1,600 feet (487 meters). Blue Sky will be using a track mounted LF90D surface diamond coring drill which features a telescopic dump mast making it ideal site conditions at Majuba Hill. The modular layout of components on the drill makes it easy to replace worn components in the field, minimizing downtime, and enabling more flexible usage. The LF90D has a total depth capacity of up to 3,915 feet. (1,193 meters). "We now have a firm start date to commence drilling in Majuba Hill, Nevada. We look forward to an exciting 2025 following our best results to date in 2024," said David Greenway, chief executive officer of Giant Mining. "The company is fully funded for an active year of exploration and development drilling and the entire Giant Mining team has a mandate of making 2025 Giant Mining's most productive year yet."The Core Program is designed to follow up geology and mineralization intersected in core holes MHB-30 ("MHB-30") and MHB-31 ("MHB-31").This maiden 2025 drill program is a key component of Giant Mining Corp.'s ongoing initiative to advance exploration efforts at Majuba Hill. The planned drill program will target the Southern Breccia Corridor with holes oriented to intersect the high-grade mineralized breccia. Drilling will focus on the deeper portions of the breccia and the extensions of the high-grade copper zones below the historic underground workings. Some of 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: 82,614 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, LinkedIn 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. View the original release on Sign in to access your portfolio
