Giant Mining Corp. Assays Pending From 2025 Drill Program At Majuba Hill Copper-Silver-Gold Deposit, Nevada
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Press Release April 29, 2025
Giant Mining Corp. Assays Pending From 2025 Drill Program
At Majuba Hill Copper-Silver-Gold Deposit, Nevada
VANCOUVER, BC — April 29, 2025 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF
| FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that all Core
from Hole MHB-32 (“MHB-32”) which was drilled to a total depth of 889.5 feet (271.1 meters) has
been sampled and submitted to ALS Global Services (“ALS Labs”) for analysis. MHB-32 was the
first hole of the 2025, five-hole diamond core drilling program (“Core Program”) which is ongoing
at the Majuba Hill Porphyry Copper-Silver-Gold Deposit (“Majuba Hill”) in Pershing County,
Nevada.
Figure 1. MHB-32: NQ size core (1.9 in/4.8 cm diameter) Magmatic-hydrothermal breccias with
strongly oxidized pyrite and chalcopyrite transitioning to primary sulfides.
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All core was sawn and sampled by Giant Mining personnel at the secured warehouse in Elko, Nevada.
Samples were delivered to ALS Global Services for analysis at their prep facility in Elko, Nevada and
the resulting pulps are then shipped to their Vancouver labs for analysis.
Preliminary quick-logging of the core at the project site and review of the sawn core provided early
opportunities to examine the copper mineralization intersected by MHB-32. Figures 1 and 2 show
the copper-bearing, magmatic-hydrothermal breccias with secondary copper minerals (azurite,
malachite, and chalcocite) which grade to strongly oxidized copper sulfides (chalcopyrite) deeper in
the hole. At the bottom of the hole unoxidized, primary chalcopyrite was observed in the breccias.
MHB-32 was terminated sooner than planned due to logistical difficulties with the hole.
David Greenway, CEO of Giant Mining, recently stated, “Gold has hit a recent high
above $3,500 for the first time in history and Copper is above $4.80 per pound. Never
has there been a more significant mandate to bring resource production back into
domestic jurisdictions and Majuba Hill has reached a critical moment in its development
as we push towards our objective of having a NI 43-101 compliant resource. We look
forward to continuing the ongoing drill program adding to over 100 previous drill holes
and over 80,000 feet of drilling at Majuba Hill.”
E.L. “Buster” Hunsaker, Senior Consulting Geologist, added: "Preliminary observation of the
core from MHB-32 is encouraging. Based on previous data and alteration patterns observed in the
2024 core holes MHB-30 and MHB-31, this hole is expected to further define and extend the copper
mineralized breccia zones. We anticipate that MHB-32 will confirm deeper extensions of the copper
system at Majuba Hill and look forward to receiving the assays."
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Figure 2: Azurite, malachite, chalcocite in MHB-32: 527 to 537 ft (160.-163. m)
The Company will continue to 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 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 sample rejects and
remaining pulps will be retrieved from ALS Labs.
The Majuba Hill Historical Mine Previously produced:
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
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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.
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.
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On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
P: 1 (236) 788-0643
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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Forward-Looking Statements
This news release contains certain forward-looking 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 forward-looking 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 forward-looking 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 forward-looking statements, whether as a result of new
information, future events or otherwise.
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