Giant Mining Corp. Engages Boart Longyear for Drilling Services for RC Drilling at Majuba Hill Porphyry Copper Deposit
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*Press Release June 24, 2024
Giant Mining Corp. Engages Boart Longyear for
Drilling Services for RC Drilling at Majuba Hill
Porphyry Copper Deposit
VANCOUVER, BC — June 24, 2024 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce
it has engaged Boart Longyear Limited (“Boart Longyear”) of Elko, NV for reverse
circulation ( “RC”) drilling at the Majuba Hill Porphyry Copper Deposit ( “Majuba
Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Boart Longyear will undertake the drilling program, which plans to drill up to 12,800
feet (3,901 meters) across 16 holes. The contract does not specify a maximum or
minimum drilling requirement, allowing for flexibility in the execution of the project.
Drilling operations are set to commence around mid-August 2024.
David Greenway, CEO of Giant Mining Corp., commented on the new drilling contract,
stating, “Engaging Boart Longyear, a leader in the drilling industry, for our Majuba
Hill project represents a significant step forward for Giant Mining. We are excited
about the potential insights and results this drilling program will bring, starting th is
August. Their expertise and reputation for delivering high -quality services align
perfectly with our goals for Majuba Hill.”
Drilling will focus on the drill targets which is designed to infill and expand the mineral
potential at Majuba Hill. This drill program is laid out to expand known mineral zones
and identify new areas of mineralization. By concentrating on these specific targets,
the drilling program will provide the additional drill holes needed to expand and verify
the continuity of the copper mineralization.
This drilling is essential for refining the geological model of Majuba Hill, significantly
enhancing Giant Mining ’s resource evaluation efforts. The data collected from this
program will enable the company to update its resource estim ates with greater
precision, ultimately contributing to the advancement and economic assessment of
the project. By exploring and defining the mineral potential, the Company aims to
optimize the development strategies for Majuba Hill, aligning with our commitment
to creating shareholder value through meticulous exploration and resource
management.
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About Boart Longyear
Established in 1890, Boart Longyear is the world ’s leading innovative provider of
drilling services, manufacturer of productivity -driven drill ing equipment and
performance tooling, and developer of orebody-data technology, revolutionizing the
future of mineral development. With a rich heritage of more than 133 years in
operation, the Company continues to build value for customers worldwide.
Boart Longyear also has a substantial presence in aftermarket parts and service,
energy, mine dewatering, oil sands exploration, production drilling, and down -hole
exploration. Headquartered in Salt Lake City, Utah, the Company operates in 26
countries with close to 6,000 employees at the end of 2023.
Figure 1: Giant Mining grade domain with recent and historic drill holes.
Planned drill holes are in green.
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").
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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 a nd 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 jurisdictions w here 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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