Giant Mining Corp. Advances Project Costs of USD $282,696 Ahead of Proposed Drill Program at Majuba Hill
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Press Release January 23, 2025
Giant Mining Corp. Advances Project Costs of USD $282,696
Ahead of Proposed Drill Program at Majuba Hill
VANCOUVER, BC — January 23, 2025 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that
the company has advanced fixed project costs of USD $282,696 for the Majuba Hill (“Majuba Hill”)
Copper-Silver-Gold Porphyry Deposit located in Pershing County, Nevada ahead of its upcoming drill
program, anticipated to commence Q1 2025 .
The company has advanced the following amounts ahead of the Q1 2025 drill program:
Nevada Reclamation Permit Bond Maintenance Expenses $20,000
Federal Claim Holding Fees $85,451
NNL Lease: Private surface and minerals Section 27/31 $36,000
Annual Property Lease $125,000
Liability Insurance $16,245
This 2025 drill program is a key component of Giant Mining Corp.'s ongoing initiative to advance
exploration efforts at the Majuba Hill Project, a highly prospective site with significant copper
potential
Figure 1: Magmatic-Hydrothermal Breccia Corridors and Breccia Bodies
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Four core holes are planned for the follow-up to hole MHB-30.
"We are thrilled with the tremendous progress Giant Mining achieved at Majuba Hill in
2024, advancing what we firmly believe has the potential to become a significant
domestic copper deposit for the United States," said David Greenway, CEO of Giant
Mining. "This project represents a major opportunity for our stakeholders and a step
forward for global mineral development. Looking ahead, we are excited to launch our
maiden 2025 drilling program at Majuba Hill. The company is currently accepting
proposals from drill crews ready to begin operations at the earliest convenience."
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 plastic sample bags and are transported
from the Giant Mining secure warehouse 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 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.
Some of Majuba Hill’s critically important characteristics are as follows:
Location: Nevada – The #1 mining jurisdiction on the planet according to the Fraser
Institute
Project Size: 9,684 Acres (3,919 ha)
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
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Drilling: 83,925 feet of drilling to date. Approximate replacement value of
drilling would be 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: IP Survey, deep drilling, step out drilling all suggest expandability with
expansion 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 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.
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 (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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