Latest news with #HoleMHB-34
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
