Giant Mining Corp. Prepares to Mobilize for 16-Hole Reverse Circulation Drill Program at Majuba Hill
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*Press Release September 12, 2024
Giant Mining Corp. Prepares to Mobilize for 16-Hole
Reverse Circulation Drill Program at Majuba Hill
VANCOUVER, BC — September 12, 2024 — Giant Mining Corp. (CSE: BFG |
OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to
announce that it is preparing for the planned 16 -hole reverse circulation (“RC”)
drilling program at the Majuba Hill Porphyry Copper Deposit ( “Majuba Hill”), a
copper, silver, and gold project located in Pershing County, Nevada.
As previously announced, the Company has engaged Boart Longyear Limited (“Boart
Longyear”), a global leader in drilling services, based in Elko, NV, to conduct this
significant drilling program. The RC drilling campaign is designed to drill up to 12,800
feet (3,901 meters) across 16 strategic holes. The contract with Boart Longyear
allows for flexibility in the execution of the project, enabling the Company to adjust
the scope of the drilling as needed to achieve optimal results.
David Greenway, CEO of Giant Mining Corp., stated, “Engaging Boart Longyear for
our RC drill program at Majuba Hill is a crucial step in advancing our exploration
efforts. This program is designed to buil d on the results of our recent core drilling
and provide the necessary data to enhance our resource estimates. We are eager to
see the potential insights and results this program will yield as we continue to
advance the Majuba Hill project.”
Drilling will focus on the drill targets which are designed to infill and expand the
mineral potential at Majuba Hill. This drill program is laid out to expand known
mineral zones and identify new areas of mineralization . By concentrating on these
specific targets, the drilling program will provide the additional drill holes needed to
expand and verify the continuity of the copper mineralization.
This drilling is essential for refining the geological model of Majuba Hill, significantly
enhancing Giant Mining ’s resource evaluation efforts. The data collected from this
program will enable the company to update its resource estimates with greater
precision, ultimately contributing to the advancement and economic assessment of
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the project. By exploring and defining the miner al potential, the Company aims to
optimize the development strategies for Majuba Hill, aligning with our commitment
to creating shareholder value through meticulous exploration and resource
management.
Furthermore, assays are currently pending for MHB-30 one of the recently completed
holes in the core drilling program. MHB-30 core samples have been sent to ALS Global
Services ("ALS Labs") in Elko, Nevada, for complete assaying. MHB-31 core is in
the final stages of sawing at Woods Process Services in preparation for sending the
samples to ALS Labs for analysis.
Figure 1: MHB-30 Copper Mineralized Fragments in Magmatic-Hydrothermal Breccia
The recent core drilling intersected magmatic -hydrothermal breccia bodies in core
holes MHB-30 and MHB -31, as can be seen in Figures 1 and 2. Drill hole MHB -31
drilled in the gap zone between whittle pits 13 and 43 as shown on Figure 2.
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Figure 2: MHB-31/9.5 meters (31 feet) Copper Mineralized Fragments in Magmatic -
Hydrothermal Breccia
Figure 3: Giant Mining planned drill holes in green and grade domain with recent and historic
drill holes.
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About Boart Longyear
Established in 1890, Boart Longyear is the world ’s leading innovative provider of
drilling services, manufacturer of productivity -driven drilling equipment and
performance tooling, and developer of orebody-data technology, revolutionizing the
future of mineral development. With a rich heritage of more than 133 years in
operation, the Company continues to build value for customers worldwide.
Boart Longyear also has a substantial presence in aftermarket parts and service,
energy, mine dewatering, oil sands exploration, production drilling, and down -hole
exploration. Headquartered in Salt Lake City, Utah, the Company operates in 26
countries with close to 6,000 employees at the end of 2023.
Qualified Person
The scientific and technical information cont ained 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 engaged in the identification, review and acquisition of latter
stage copper and copper/silver/gold assets. This is in direct response to the growing
worldwide demand and lack of supply for precious metals fueled by the Green New
Deal in the US and most other developed nations with similar programs aimed at
addressing climate change. Such programs are heavily reliant on silver, gold and
especially copper to produce Electric Vehicles and other renewable power sources, as
well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156
miles (251 km) outside Reno, Nevada, USA. Management has been mandated to
focus on safe, mining friendly jurisdictions where government regulations are
supportive of mining operations.
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. Greenway
President & CEO
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For further information, please contact:
P: 1 (604) 499-6791
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking"
statements. Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should"
occur. Although Giant Mining Corp. believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results may differ materially
from those in forward looking statements. Forward looking statements are based on
the beliefs, estimates and opinions of Giant Mining Corp. management on the date
the statements are made. Except as required by law, Giant Mining Corp. undertakes
no obligation to update these forward -looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.
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