Giant Mining Corp. Announces Drilling Underway at Majuba Hill Copper-Silver-Gold Deposit in Nevada, USA
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Press Release March 26, 2025
Giant Mining Corp. Announces Drilling Underway at Majuba
Hill Copper-Silver-Gold Deposit in Nevada, USA
VANCOUVER, BC — March 26, 2025 — Giant Mining Corp. (CSE: BFG |
OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to
announce that core drilling is underway at its flagship Majuba Hill Porphyry Copper Project
(“Majuba Hill”) in Pershing County, Nevada. The first drill hole, MHB-32, has commenced
with the primary objective of expanding known zones of copper mineralization and
advancing toward a new Mineral Resource Estimate (“MRE”).
The 2025 Core Program has been designed to follow up on high-grade copper
mineralization intersected in breccias from the 2024 core holes MHB-30 (“MHB-30”) and
MHB-31 (“MHB-31”) and extend the high-grade copper zones below the historic
underground workings.
David Greenway, CEO of Giant Mining, commented: "We are excited to begin drilling at
Majuba Hill as we advance the project toward an updated resource estimate. The scale
and potential of this system continue to impress, and this phase of drilling is critical in
unlocking further value for our shareholders. It’s also worth noting that copper is currently
trading at approximately $5.12 per pound, significantly higher than during our last drill
program when prices were under $4.00. This increase enhances the in-situ value of our
mineralized rock year over year and reinforces the importance of advancing exploration at
Majuba Hill at this pivotal time."
The planned drill program includes up to 4 holes totaling 4,400 feet (1,340 meters) within
the current exploration target area at Majuba Hill. A minimum of 2,600 feet (792 meters)
will be drilled under the existing contract, with no maximum limit, allowing for flexibility
based on results. Each hole is initially planned to a depth of 1,100 feet (335 meters), with
the potential to extend to 1,600 feet (487 meters) if mineralization continues at depth.
As previously reported in the March 17, 2025 News release, the drill hole targets were developed
through a collaborative effort between Giant Mining and Exploration Technologies
(“ExploreTech”). ExploreTech was engaged to apply its proprietary Engine AI artificial intelligence
and cloud computing platform to analyze the planned core drilling program. The platform focused
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on identifying breccia zones and large low-resistivity anomalies. This collaboration leveraged Giant’s
extensive geophysical and drilling database to generate high-priority targets with greater precision.
E.L. “Buster” Hunsaker, Senior Consulting Geologist, added: "We’re drilling MHB-32 into
the heart of the porphyry system. Based on previous data and alteration patterns—
particularly the breccias observed in 2024 core holes MHB-30 and MHB-31—we believe
this hole will further define the mineralized zone and potentially confirm deeper extensions
of the copper system at Majuba Hill."
Figure 1: Drill Team and Equipment on Site for 2025 Drill Program
The Company will 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.
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Figure 2: Majuba Hill 2025 Proposed Drill Hole Locations
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
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.
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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.
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
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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