Giant Mining Corp. Engages Legarza Exploration for Road Construction at Majuba Hill Porphyry Copper Deposit
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*Press Release June 17, 2024
Giant Mining Corp. Engages Legarza Exploration for
Road Construction at Majuba Hill Porphyry Copper
Deposit
VANCOUVER, BC — June 17, 2024 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce
it has engaged Legarza Exploration (“Legarza”) to build new roads and drill sites at
the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold
project located in Pershing County, Nevada.
Most of the proposed road work was approved as part of the Reclamation Cost
Estimate by the State of Nevada, Department of Conservation & Natural Resources,
with the Bureau of Mining Regulation and Reclamation (“BMRR”) which will provide
safe and efficient access for exploration drill rigs to the in -fill and extension drill
locations.
The Company is currently awaiting approval from the Winnemucca District Office of
the Bureau of Land Ma nagement ("BLM") on a small portion of the road described
in an Amendment to the existing BLM Notice Level plan submitted in May 2024 .
Construction is proposed to begin on or about June 18th 2024.
David Greenway, President and CEO of Giant Mining Corp., stated, "We are excited
to advance our operations at Majuba Hill with the construction of this new road.
Engaging Legarza for this crucial infrastructure project underscores our commitment
to ensuring safe and efficient access to our drilling sites. This development marks a
significant step forward in our exploration and operational plans for the upcoming
drill season."
As previously announced in the May 30, 2024 news release (see News Release), the
new road and site construction will partially support our drilling activities at Majuba
Hill, including the proposed 3,900 meters (12,800 feet) of reverse circulation (RC)
drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the
existing exploration t arget area. Additionally, the Company plans to drill two deep
core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
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Figure 1: Planned Roads 2024
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").
Stock Options and Restricted Stock Units
The Company announces that it has granted a total of 525,000 stock options
(“Options”) to purchase common shares of the Company to certain o fficers,
employees and consultants pursuant to the Company ’s Stock Option Plan. Such
Options are exercisable into common shares of the Company at an exercise price of
$0.75 per common share for a period of twelve months from the date of grant. All of
the Options expire on June 16, 2025.
The Company announces it has granted 1,800,000 restricted stock units ( “RSUs”)
to officers, directors, employees, and consultants of the Company. The RSUs are valid
for a term of one year and under the terms of the Company ’s restricted share unit
plan (the “RSU Plan”). All of the RSUs expire on June 16, 2025.
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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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