Giant Mining Corp. Prepares Drill Tenders for Upcoming Four Core Hole Program at Majuba Hill
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Press Release January 16, 2025
Giant Mining Corp. Prepares Drill Tenders for Upcoming Four
Core Hole Program at Majuba Hill
VANCOUVER, BC — January 16, 2025 — Giant Mining Corp. (CSE: BFG | OTC:
BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that it
is in the process of preparing drill tenders to be sent to prospective drilling companies for its
upcoming four Core Hole Drill Program at the Majuba Hill (“Majuba Hill”) Copper-Silver Porphyry
Deposit located in Pershing County, Nevada.
The Core Program is designed to follow up hole MHB-30 (“MHB-30”) which encountered high-
grade copper-silver mineralization from 0 to 218.0 feet (66.4 meters) of 1.35% Cu and 73.4 g/t Ag
including 74.0 feet (22.6 meters) of 2.6% Cu and 30.1 g/t Ag.
Figure 1: Magmatic-Hydrothermal Breccia Corridors and Prominent Breccia
Bodies
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This maiden 2025 drill program is a key component of Giant Mining Corp.'s ongoing initiative to
advance exploration efforts at the Majuba Hill, a highly prospective site with significant resource
potential. Notably, previous results from the deposit have demonstrated impressive grades,
including: 0 to 218.0 feet (66.4 meters) of 2.1% Copper Equivalent (“CuEq”) including
140.0 to 214.0/ 74.0 feet (22.6 meters) at 2.9% CuEq.
Phase 1 2025 Drill Program
Up to 4,000 feet (1,219 meters) of drilling over four holes is planned to target the
Southern Breccia Corridor with holes oriented to intersect the high-grade mineralized
breccia. Drilling will focus on the deeper portions of the breccia and the extensions of
the high-grade copper zones below the historic underground workings.
Figure 2: Giant Mining 2024 Drilling with Grade Domains and Magmatic-
Hydrothermal Breccia Corridors
"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 resource 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."
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Figure 3: MHB-30 55.5-57.0 meters (182-187 ft /4.5% Cu & 49.0 g/t Ag with
Strong Copper Oxides in Mineralized Breccia
Figure 4: MHB-30 47.9-49.4 meters (157-162 ft)/2.1% Cu & 16.3 g/t Ag in
Mineralized Breccia fragment with chalcopyrite and bornite
Copper Equivalent Calculation
Copper equivalent (CuEq) values were calculated on September 24th, 2024, by
combining the assay values for copper and silver assay results for each intercept using
an interval-weighted calculation based on $4.475/lb. Cu and $31.29/oz Ag. Copper on
September 24th, 2024, was trading at $4.475/lb. Cu and $31.29/oz Ag (prices from
https://www.cnbc.com/quotes; Copper (Dec′24) @HG.1: CEC: Commodities Exchange
Centre and Silver COMEX (Dec′24) @SI.1: CEC: Commodities Exchange Centre).
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Hole ID From
(m) To (m) Interval
(m) Cu (%) Ag
(g/t)
Au
(g/t)
Mo
(ppm)
Sn
(ppm)
Zn
(ppm)
MHB-30 0.0 66.4 66.4 1.35 73.4 0.074 107 229 387
including 42.7 65.2 22.6 2.60 30.1 0.092 206 95 414
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.
Discover more about Majuba Hill Copper Deposit and Giant Mining Corp. by watching our corporate
video. Gain insights into our vision and operations by visiting https://giantminingcorp.com/majuba-
hill/.
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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
Figure 5: Historical Production from Majuba Hill (USD $32 Million in Historical
production at Today’s Prices)
Drilling: 83,925 feet of drilling to date. Rough replacement value of drilling
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. The company saw its highest-grade results to date in 2024
drilling high grade from surface with 74.0 feet of 2.6% Cu and 30.1 g/t Ag
within 218.0 feet of 1.35% Cu and 73.4 g/t Ag”
Deposit: A 2023 Report by RESPEC Engineering outlines the potential for deposit of up
to 660,000,000 pounds of copper. See report.
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”).
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RSUS
The Company announces it has granted 375,000 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 the RSUs expire on
January 16, 2026.
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.
In addition, Giant Mining Corp. holds a 20% ownership stake in the Friday Gold Project, located in
the historic Orogrande Mining District, Idaho, approximately 16 km south-southwest of Elk City.
With a resource base of 1,237,000 ounces of gold, Friday Gold presents promising opportunities for
exploration and development, reinforcing the Company’s strategy of advancing high-value resource
assets in stable, mining-friendly regions.
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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