Giant Mining Expands Exploration for High Grade Copper-Bearing Breccia Zones at Majuba Hill Copper Project, Nevada
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*Press Release October 31, 2024
Giant Mining Expands Exploration for High Grade
Copper-Bearing Breccia Zones at Majuba Hill
Copper Project, Nevada
VANCOUVER, BC — October 31, 2024 — Giant Mining Corp. (CSE: BFG
| OTC: BFGFF | FWB: YW5) (“Giant Mining ” or the “Company”) is
pleased to announce plans to expand the surface exploration to focus on high-
grade copper -bearing breccias zones at its Majuba Hill (“Majuba Hill ”)
Copper-Silver Deposit located in Pershing County, Nevada.
High-grade copper was sampled from core hole MHB -30 (“MHB-30”) that
was clearly associated with m agmatic-hydrothermal, copper-bearing breccia
zone. The breccia zone returned 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.
MHB-30 drilled a prominent breccia zone on the west end of the >0.50%
copper zone shown on Figure 1 and drone photo Figure 2.
The Significance of Copper-Bearing Breccia Zones
Copper-bearing breccias are zones in porphyry copper deposits where copper-
mineralization is broken into smaller pieces and then those pieces are
cemented together by copper -rich minerals. The breccias are formed when
magmatic-hydrothermal activity causes mineral-laden fluids to move along
faults or fractures in the Earth's crust. These zones are prized in mining for
their potential high copper grades, and several deposits have achieved notable
commercial success. In larger copper deposits the copper-bearing breccias are
a guide that points to where the largest portion of a porphyry copper deposit
can be found.
“We are excited to advance our exploration efforts at Majuba Hill,” said David
Greenway, CEO of Giant Mining. "We look forward to determining the high -
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grade potential of the copper -bearing breccias , which will further our
understanding of the deposit ’s potential to become a significant domestic
supply of copper for the USA and for the benefit of all Giant Mining
stakeholders."
Figure 1: Magmatic-Hydrothermal Breccia Corridors and Prominent Breccia Bodies
Majuba Hill Copper-Bearing Breccias
At Majuba Hill the high-grade copper mineralization is commonly found in the
tourmaline-matrix type of breccias. C opper occurs as azurite, malachite,
chalcocite, cuprite, and traces of chrysocolla found in veins, veinlets, fracture
coatings, and replacing phenocrysts in intrusive rhyolite fragments as well as
in the tourmaline matrix as shown in Figure 3a . Primary-hypogene copper-
mineralization also occurs as intrusive rhyolite fragments with disseminated
bornite and chalcopyrite as shown in Figure 3b.
“Recognizing the location and geometry of these breccia zones is a significant
step forward for Giant Mining,” said Buster Hunsaker, Consulting Geologist to
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Giant Mining Corp. “By including the geometry and copper mineralization of
the breccia zones and their margins, the Company expects to be more
successful with the drill holes from the new sites built for the 2024 in-fill and
expansion exploration program. It is a testament to the collaborative efforts
of the Giant team and the insights provided by Leo Hathaway, Larry
Segerstrom, and Dick Sillitoe.”
Figure 2: Drone photo looking north at MHB-30 (-70/235⁰) & MHB-31 (-50/310⁰)
In holes MHB-30, MHB-31, and in the historic underground workings the outer
margins of the high -grade, copper breccias have copper mineralization in
limonitic-matrix breccias and stockwork zones as shown in Figure 4. Fractured
zones with azurite, malachite, and chalcocite are also found in MHB-31 as
shown in Figure 5.
Based on the previous drilling, the historic underground workings, and the
Exploration Target Modeling the copper values in the outer margin typically
range from 0.02 to 0.5% copper . The 0.02-0.5% copper zones comprise the
Domain 1 and Domain 2 mineralized zones used to estimate the 50 to 100
million tonnes, with grades of 0.15% Cu to 0.30% Cu (see NI43-101 2023
Report available at giantminingcorp.com).
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Figure 3: 3a-MHB-30/182 ft (55 m) @ 4.46% Cu/49 g/t Ag (Azurite, malachite,
chrysocolla). 3b-Disseminated chalcopyrite and bornite in intrusive rhyolite.
Figure 4: 4a Limonitic-Breccia MHB-30/231 ft (70.4 m) @ 0.03% Cu and 2.9 g/t Ag;
4b Stockwork Zone-245 ft (74.7 m) @ 0.21% Cu and 5.4 g/t Ag.
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Figure 5: MHB-31 azurite and malachite in outer zones of high-grade copper
breccia.
Figure 6: Mineralized Breccias - Target Zones
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Expanding Surface Exploration Mineralized Breccias
The Company has initiated a surface sampling and mapping program to
identify and define copper-bearing, high-grade breccia bodies in the southern
and northern Magmatic-Hydrothermal Breccia Corridors highlighted in Figure
6. The program will leverage the extensive historic database by combining it
with the recent core drilling and the emerging copper leaching and enrichment
profile. Current expectations are for surface sample results to provide detailed
targeting vectors for t he ongoing 2024 drill program in the Southern Target
Zone and to expand the drill target vectors for the northern target zone.
Quality Assurance/Quality Control (“QA/QC”) Measures, Chain of
Custody
The Company utilizes a QA/QC program using best industry p ractices at the
Majuba Hill Project. The samples are placed in cloth or plastic sample bags
and are transported from the Giant Mining secure warehouse or directly from
Woods Process 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 cut lengthwise into two halves and one half is placed in
labeled cloth sample bags. All samples are analyzed for copper, gold, silver,
and 33 other elements. Gold i s 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 sample rejects and remaining pulps
will be retrieved from ALS Labs.
Qualified Person
The scientific and technical information contain ed 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 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 and most other developed nations with
similar programs aimed at addressing climate change. Such programs are
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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 R eno, Nevada, USA. Management has been
mandated to focus on safe, mining friendly jurisdictions where 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:
P: 1 (604)-499-6791
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", "anticipat es", "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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