Giant Mining Commences Diamond Core Drilling at the Majuba Hill Copper Deposit
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*Press Release July 23, 2024
Giant Mining Commences Diamond Core Drilling at
the Majuba Hill Copper Deposit
VANCOUVER, BC — July 23, 2024 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce
that it has commenced diamond core drilling (the “Core Program”) with hole MHB-
30 at the Majuba Hill Copper Deposit ( “Majuba Hill”), a copper, silver, and gold
project located in Pershing County, Nevada.
Core Hole MHB-30: Rig on Site
Giant Mining plans to drill a minimum of 1,600 feet (488 meters) of diamond core
drilling within the existing exploration target area (See Figure 1). Drilling will focus
on the drill targets designed to expand the mineral potential at Majuba Hill, ensuring
a comprehensive understanding of the deposit. The Core Program will provide
detailed and accurate data that is crucial for delineating the extent and continuity of
the copper, silver, and gold mineralization.
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David Greenway, CEO of Giant Mining Corp., commented: “We are excited to
commence the core drilling program at Majuba Hill. This phase of drilling is pivotal
for expanding our understanding of the deposit and enhancing the resource potential.
We believe the drill data collected will be instrumental in advancing the project and
driving value for our shareholders.”
As previously stated, this investment in drilling is essential for refining the geological
model of Majuba Hill, significantly enhancing Giant Mining ’s resource evaluation
efforts. The drilling program is designed to gather comprehensive and high -quality
data that will provide a more detailed understanding of the deposit's size, structure,
and mineralization patterns. By gaining this critical information from the new drilling,
the Company will be able to update its resource estimates with greater precision,
thereby reducing geological uncertainties and enhancing confidence in the project's
potential.
Figure 1: Giant Mining recent holes in red and planned drilling green (RC) and blue (Core)
Richard H. Sillitoe - Project Review
Giant Mining Corp. is also pleased to announce that Richard H. Sillitoe spent four
days in Nevada and on -site at the Majuba Hill Project reviewing core, underground
geology, and surface geology. The Company was pleased he saw the potential for the
oxide copper deposit at Majuba Hill. Having a geologist with Richard H. Sillitoe ’s
worldwide experience and knowledge is remarkably helpful with the exploration. The
Company’s Technical Team is looking forward to incorporating the significant
observations that he provided into the ongoing exploration program.
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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 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 clima te
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
For further information, please contact:
Joel Warawa
VP of Corporate Communications
P: 1 (855) 475-0745
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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