Giant Mining Completes Drill Hole MHB-30 at Majuba Hill Porphyry Copper Deposit
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*Press Release August 6, 2024
Giant Mining Completes Drill Hole MHB-30 at
Majuba Hill Porphyry Copper Deposit
VANCOUVER, BC — August 6, 2024 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce
the successful completion of Hole MHB-30 (“MHB-30”) to a depth of 800 feet (244
meters). MHB-30 is the first hole of the diamond core drilling program (the “Core
Program”) planned for the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”) in
Pershing County, Nevada.
Big Sky Exploration, LLC ( “Big Sky”) of Eureka, Nevada, drilled MHB-30, and the
hole has been quick-logged, sampled, and tagged on-site. A downh ole survey
confirmed that MHB-30 maintained the planned 230⁰ azimuth and -70⁰ inclination.
Big Sky has commenced drilling Hole MHB-31 (“MHB-31”) (Figure 2).
The core was transported to Woods Process Services, LLC ( “Woods Process”) for
sawing and processing before being sent to ALS Global Services ( “ALS Labs”) in
Elko, Nevada, for comprehensive laboratory analysis.
Figure 1: MHB-30 Core
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David Greenway, CEO of Giant Mining Corp., commented: “We are excited to
announce the completion of Hole MHB-30, the first in our 2024 core drilling program
at Majuba Hill. This achievement marks a significant milestone in our exploration
efforts. The data obtained from this drilling will be crucial in improving our
understanding of the deposit ’s potential and shaping our future exploration
strategies.”
As previously stated, this investment in drilling is essential for refining the geological
model of Majuba Hill, significantly enhancing Giant Mining ’s resource e valuation
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 the mineralization grade and tonnage estimates
with greater precision, thereby reducing geological uncertainties and enhancing
confidence in the project's potential.
Figure 2: Giant Mining historic in red and planned drilling green (RC) and blue (Core)
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 plasti c sample bags and are
transported from the Giant Mining secure warehouse or directly from Woods Process
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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 10% 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.
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 th e 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 jurisdict ions 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
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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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