Giant Mining Majuba Hill Core Hole MHB-31 Shipped for Analysis
1
Press Release October 7, 2024
Giant Mining Majuba Hill Core Hole MHB-31 Shipped
for Analysis
VANCOUVER, BC — October 7, 2024 — Giant Mining Corp. (CSE: BFG |
OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased
to announce that all the core from Hole MHB-31 (“MHB -31”) from the
diamond core drilling program (the “Core Program” ) at the Majuba Hill
Porphyry Copper Deposit (“Majuba Hill”) in Pershing County, Nevada have
been delivered to ALS Global Services (“ALS Labs”) in Elko, Nevada.
Hole MHB-31 was an inclined hole drilled to a total depth of 1,086 fee t (331
meters) with a 310⁰ azimuth and -50⁰ inclination.
Figure 1: Giant Mining MHB-31 in gap zone, drilling northwest (310⁰) towards MHB-30
2
Magmatic-Hydrothermal breccias logged in MHB-31 are similar to those
identified in MHB-30 which returned 74.0 feet (22.6 meters) of 2.6% Cu and
30.1 g/t Ag within 218.0 feet of 1.35% Cu and 73.4 g/t Ag.
Figure 2: MHB-31 Core @910-912 ft (277.4-278 meters) with Cuprite (red). Note magmatic-
hydrothermal breccias.
Magmatic breccias and fracture zones with strong oxide copper occur throughout
MHB-31.
Figure 3: MHB-31 Core with azurite and malachite @ 31 feet (left photo) and 1026 feet (right
photo)
3
“We are excited to advance our exploration efforts at Majuba Hill,” said David
Greenway, CEO of Giant Mining. "We look forward to receiving the lab results
from ALS labs, 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."
The 2024 core and reverse circulation drilling program was designed to in-fill
and drill new targets to expand the near surface, open-pit, 50 to 100 million
tonnes, Exploration Target that has grades estimated from 0.15% Cu to
0.30% Cu (NI43-101 2023 Report is available at giantminingcorp.com). 2024
holes are planned to improve the copper grades and provide sufficient
confidence in the results and make way for Giant’s NI 43-101 maiden mineral
resource estimate (“MRE”).
As previously announced in the September 12, 2024 news release, the
Company is preparing for the Reverse Circulation (“RC”) portion of the drilling
campaign which will drill up to 12,800 feet (3,901 meters) across 16 strategic
holes.
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 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 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 sample rejects and remaining pulps
will be retrieved from ALS Labs.
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
4
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 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 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
LIKE AND FOLLOW
Instagram, Facebook, Twitter, LinkedIn
DOWNLOAD INVESTOR INFORMATION
Click Here
5
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.