Giant Mining Corp. Diamond Core Drilling Update from Majuba Hill, Nevada
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Press Release March 31, 2025
Giant Mining Corp. Diamond Core Drilling Update from
Majuba Hill, Nevada
VANCOUVER, BC — March 31, 2025 — Giant Mining Corp. (CSE: BFG |
OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to
announce drilling of Hole MHB-32 (“MHB-32”) continues now surpassing a depth of 800
feet (243.8 meters). MHB-32 is the first hole of the 2025 four-hole diamond core drilling
program (the “Core Program”) currently underway for the Majuba Hill Porphyry Copper-
Silver-Gold Deposit (“Majuba Hill”) in Pershing County, Nevada.
Figure 1: Azurite, malachite, chalcocite in core from MHB-32: 527 to 537 ft
(160.6-163.6 m)
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The primary objective of core hole MHB-32 is to expand known zones of copper
mineralization and toward a new Mineral Resource Estimate (“MRE”).
Big Sky Exploration, LLC (“Big Sky”) of Eureka, Nevada, drilled MHB-32, and the hole is
being quick-logged and tagged for sampling on-site by Giant Mining geologists (Figure 2).
Figure 2: Drill Team and Equipment on Site for 2025 Drill Program
The core samples from MHB-32 will be securely transported to Giant Mining’s secured
warehouse facility in Elko, Nevada. At this location, the cores will undergo systematic
sawing and detailed logging to document lithological characteristics, mineralization, and
structural features. Following this, the processed samples will be sent to ALS Group USA,
Corp. ("ALS Labs") in Elko, Nevada. At ALS Labs, the samples will undergo rigorous
analyses, including assays for copper, silver, gold, and other pertinent elements, to
accurately assess the mineral content and support ongoing exploration efforts at Majuba
Hill.
David Greenway, CEO of Giant Mining, commented: "We are pleased with the steady
progress of our drilling operations at Majuba Hill, a crucial step towards advancing the
project toward a new NI 43-101 mineral 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 has recently surpassed USD $5.25
per pound, Gold has surpassed $3,100 per ounce and Silver has surpassed $35 per ounce,
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the value proposition of our project grows significantly. This increase enhances the in-situ
value of our mineralized rock year over year and reinforces the importance of advancing
exploration at Majuba Hill, Nevada USA.”
As previously reported in the March 17, 2025 news release, 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 (Figure 3).
E.L. “Buster” Hunsaker, Senior Consulting Geologist, added: "The upper portion of MHB-
32 is encouraging. This hole is targeting the magmatic-hydrothermal breccia bodies
intersected in 2024 core hole's MHB-30 and MHB-31which targeted a prominent breccia
zone within the western >0.50% copper zone. We anticipate that MHB-32 will further
delineate the mineralized zone and potentially confirm deeper extensions of the copper
system at Majuba Hill."
Figure 3: Majuba Hill 2025 Actual and Proposed Drill Hole Locations
The Company will provide regular updates as the drill program progresses, including assay
results, geological observations, and any significant developments encountered during
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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.
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 Majuba Hill Project to the Giant Mining secure warehouse for core sawing and
processing and then samples are delivered 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 remaining sample pulps are retrieved from ALS
Minerals and retained by the Company for future metallurgical testing.
Majuba Hill’s critically important characteristics are as follows:
Location:
Nevada, USA — a globally top-ranked mining jurisdiction,
ranked #1 in the Fraser Institute’s 2022 Annual Survey of
Mining Companies.
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 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
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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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