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Yahoo
a day ago
- Business
- Yahoo
Giant Mining Continues Engagement of RESPEC Engineering to Incorporate 2024 and Spring 2025 Core Drilling Into Modeling at Majuba Hill Copper-Silver-Gold Project, Nevada
VANCOUVER, BRITISH COLUMBIA - June 9, 2025 (NEWMEDIAWIRE) - Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5 | CSE: | CSE: ("Giant Mining" or the "Company") is pleased to announce that it is continuing its engagement with RESPEC Company LLC ("RESPEC") of Reno, Nevada. RESPEC will incorporate drilling data from the 2024 diamond core and from the 2025 spring diamond core drilling program (the "Core Program") at the Majuba Hill Porphyry Copper-Silver-Gold Project ("Majuba Hill") in Pershing County, Nevada, into the database used for the Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA. (the "Report"). The Report had an effective date of March 14, 2023, a Report Date of June 20, 2023, was amended on February 4, 2025, and was authored by Jeffrey M. Bickel C.P.G. RESPEC Company LLC and W. Joseph Schlitt, PhD, QP. New assays and geologic data from the effective date of the Report will be compiled and incorporated to accommodate all of the observed geology and provide the best understanding for the mineralization at Majuba Hill. "The 2025 drill season at Majuba Hill was our most ambitious and technically advanced to date. Strong early visual mineralization exceeded our expectations and led to the addition of a fifth hole - MHB-36 - guided by AI-assisted geophysical modeling. This AI-targeted hole intersected promising mineralization and marks a significant step-out from previously identified zones, indicating the potential for a new discovery. Meanwhile, core hole MHB-34 reached a depth of 1,963 feet and encountered native copper, reinforcing the scale and depth potential of the Majuba Hill Copper-Silver-Gold system. We're excited to continue advancing the project with RESPEC as we move forward with Majuba Hill." About RESPEC RESPEC is an International group that applies engineering, applied sciences and technology to natural resources and has extensive experience in the Mineral and Exploration industry throughout Nevada and the western United States. RESPEC was founded in 1969 with over 600 employees and over USD $112 Million in Revenue (2022). 2025 Phase 1 Drill Program In 2024 and 2025 a total of seven drill holes, MHB-30 through MHB-36, have been completed for a combined 7,370.5 feet (2,246.53 meters) of core drilling. This brings the cumulative total of drilling at Majuba Hill to 89,395 feet (27,247.5 meters), which will significantly enhance the Company's geological model and understanding of the mineralization. Table 1: Majuba Hill 2024 and 2025 Drill Program Collar Details The primary objective of the 2025 Core Program was to step out from and expand the known zones of copper mineralization and advance the Majuba Hill Project toward completing a mineral resource estimate. All drill core was transported to Giant Mining's secure core facility in Elko, Nevada, where it was logged, sawn, and sampled by Company personnel. The samples were submitted to ALS Global Services ("ALS Labs") for geochemical analysis, with sample preparation completed at their Elko facility and final assaying conducted at their laboratory in Vancouver, British Columbia. Key highlights include: MHB-30 (September 24, 2024 news release) High-grade copper was sampled from core hole MHB-30 ("MHB-30") that was clearly associated with magmatic-hydrothermal, copper-bearing breccia zone. The breccia zone assays returned: 218.0 feet of 1.35% Cu and 73.4 g/t Ag from 0 to 218 feet (0-66.4 m) including 74.0 feet (22.6 meters) at 2.6% Cu and 30.1 g/t Ag Table 2: MHB-32 Significant Assay Intervals for assays reported to date. (*True widths are unknown.) MHB-32 MHB-32 intersected two significant copper mineralized zones within a broader interval of 379.5 feet (115.7 m) grading 0.33% Cu and 16.97 ppm Ag, from 510 to 889.5 feet (155.5 to 271.1 m). These results extend the known mineralization deeper and further north than previous drilling. The two key intervals, detailed in Table 2, are: 85 feet (25.9 m) at 0.64% Cu and 50.89 ppm Ag from 510 to 595 feet (155.5 to 181.4 m) 169.5 feet (51.7 m) at 0.41% Cu and 9.51 ppm Ag from 720 to 889.5 feet (219.5 to 271.1 m), including: 40 feet (12.2 m) at 1.36% Cu and 13.33 ppm Ag from 780 to 820 feet (237.7 to 249.9 m), containing a higher-grade section of: 10 feet (3.0 m) at 4.36% Cu and 35.65 ppm Ag from 805 to 815 feet (245.4 to 248.4 m) Core Hole MHB-32 was completed to a total depth of 889.5 feet (271.1 meters). The hole intersected copper-bearing, magmatic-hydrothermal breccias with secondary copper minerals, including azurite, malachite, and chalcocite. These transitioned into strongly oxidized copper sulfides, along with primary, unoxidized chalcopyrite near the bottom of the early success confirmed the vertical continuity of the mineralized system and the presence of breccia-hosted copper 34 Native Copper Encounter Core Hole MHB-34 was drilled to a total depth of 1,963 feet (598.3 meters). The hole encountered persistent native copper, cuprite, and chalcopyrite mineralization in the deeper sections, with native copper observed beyond 1,850 visual results indicate a robust enrichment zone related to a porphyry system at depth and suggest proximity to a primary copper sulfide source. MHB 36 An A.I. Driven Step Out Discovery or Potential Deposit Extension The fifth and final drill hole of the Core Program, MHB-36, was planned for a total depth of 1,000 feet (304.8 meters). This hole was designed by Exploration Technologies ("ExploreTech") using its proprietary AI-assisted geophysical modeling system to test a high-potential resistivity anomaly delineated in the southern sector of the Majuba Hill project area. The AI-driven targeting approach aimed to identify geologically favorable zones with potential for new copper mineralization beyond the existing mineralization to the intersection of the sulfides predicted by modeling the hole was extended to 1100 feet (335.28 meters). MHB-36 intersected disseminated and vein-hosted chalcopyrite mineralization within intrusive and magmatic hydrothermal breccias, beginning at a downhole depth of 650 feet (198 meters). Mineralization was observed intermittently beyond 905 feet (274.32 meters), confirming the accuracy of the AI model and highlighting the potential for further extensions of copper-bearing zones in this underexplored 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 89,395 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 next phase of drilling at Majuba Hill 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 sample bags and 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. 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 pulps will be retrieved from ALS Labs. 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.
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.
