Giant Mining Receives RESPEC Report Validating Technical Breakthrough and Drill Program Advancement for Majuba Hill Copper Project, Nevada
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Press Release February 23, 2026
Giant Mining Receives RESPEC Report Validating
Technical Breakthrough and Drill Program
Advancement for Majuba Hill Copper Project, Nevada
• Independent RESPEC report validates refined geological model
and supports upcoming, fully funded drill program that is targeting
copper-silver mineralization.
VANCOUVER, BC — February 23, 2026 — Giant Mining Corp. (CSE: BFG |
OTC: BFGFF | FWB: YW5 | CSE: BFG.WT.A | CSE: BFG.WT.B.) (“Giant
Mining” or the “Company”) announces the completion of an independent
recommendations report prepared by RESPEC Company, LLC (“RESPEC”) for
the Company’s flagship Majuba Hill Copper-Silver-Gold Project (“Majuba
Hill”) in Pershing County, Nevada.
The report reviews the updated geological framework and provides a disciplined
exploration roadmap that the Company believes represents an important step in
evaluating Majuba Hill’s longer-term potential as a domestic U.S. copper and
silver asset.
This report in combination with the Company’s technical team will guide the
Company’s Up to 10,000 Foot Drill program as announced Company’s News
Release (January 30th, 2026).
“The independent RESPEC report represents a transformational technical
milestone for Giant Mining and significantly advances our understanding of the
opportunity at Majuba Hill,” said David Greenway, President & CEO of Giant
Mining Corp. “With a refined geological model, secured funding, and a clearly
defined drill strategy, we are now positioned to aggressively pursue discovery-
driven exploration across this highly prospective system. The identification of
key geological controls substantially enhances our ability to target high-priority
zones with precision and confidence. Majuba Hill is emerging as a compelling
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U.S.-based copper-silver exploration opportunity at a time when domestic
critical mineral security has never been more important. Nevada is the top-
ranked mining jurisdiction in the United States, and we believe Majuba Hill has
the scale, infrastructure, and geological foundation to support meaningful
exploration success. Our team is energized and fully focused on executing our
upcoming drill program and unlocking the broader potential of Majuba Hill as we
work to create substantial long-term value for our shareholders, subject to
continued exploration success.”
Figure 1: Giant Mining Target Map at Majuba Hill Copper-Silver-Gold
Project
RESPEC Recommendations
The RESPEC report recommends that the Company focus on discovery-driven
exploration. RESPEC identifies recognition of the tourmaline breccia pipe-hosted
copper system as a significant technical advancement that materially improves
the Company’s ability to target higher-grade mineralization and assess future
development possibilities.
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Copper is a critical mineral fundamental to electrification, infrastructure, defense
applications, and data-center growth within the United States. With long-term
demand projected to outpace supply, the Company views Majuba Hill’s location
in Nevada, a top-ranked mining jurisdiction, as strategically relevant to
America’s future domestic copper and silver requirements, subject to continued
exploration success.
The completion of the RESPEC technical recommendations represents an
important milestone in Giant Mining’s systematic advancement of Majuba Hill.
With a refined geological model, secured exploration funding, and an upcoming
drill program of up to 10,000 feet, the Company is positioned to execute the
next phase of disciplined, data-driven exploration. Management believes these
developments strengthen the technical foundation of the project and enhance
its strategic relevance within the U.S. critical minerals landscape, subject to
continued exploration success.
Key Findings and Strategic Implications
The RESPEC report highlights several factors that underpin the project’s longer-
term potential while reinforcing the need for continued exploration:
• Identification of tourmaline breccia pipes as a key control of copper
mineralization, providing a refined exploration model
• Recognition that high-grade copper and silver mineralization may occur
in discrete breccia zones that require careful geological targeting
• Recommendation to re-evaluate historical drilling, surface data, and
geophysics within the context of the new deposit model prior to systematic
drilling
• Acknowledgement that future development scenarios are contingent on
discovering additional high-grade breccia bodies and defining their spatial
distribution
• Confirmation that Nevada’s mining jurisdiction, infrastructure, and
regulatory environment are supportive of potential future development if
exploration is successful
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Figure 2: Majuba Hill External Target Areas Majuba Hill Copper-Silver-
Gold Project
RESPEC outlines conceptual scenarios under which continued exploration
success could ultimately support either bulk-tonnage open pit or smaller-scale
underground mining approaches. These scenarios are presented as exploration
targets, not mineral resources or economic assessments, and remain subject to
significant geological risk.
Alignment With U.S. Domestic Supply Objectives
While Majuba Hill remains at an exploration stage, the Company believes that
advancing a disciplined, science-driven, staged-exploration program is the
necessary first step in determining whether the project could, over time,
contribute to domestic U.S. copper and silver supply. The RESPEC
recommendations provide a technically sound framework for advancing the
project responsibly while maintaining alignment with broader U.S. critical -
mineral priorities.
Majuba Hill’s critically important characteristics are as follows:
Location:
Nevada, USA — a globally top-ranked mining jurisdiction,
ranked #1 in the Fraser Institute’s 2022 Annual Survey of
Mining Companies.
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Project Size: 9,684 Acres
Infrastructure:
The Majuba Hill property is located 113 road kilometers (70
miles) southwest of Winnemucca, Nevada, and 251 kilometers
(156 miles) northeast of Reno. It is accessible via well -
maintained county roads from the Imlay, Nevada exit on U.S.
Interstate 80, followed by a 23-mile drive west. People, roads,
power, and water are fundamental considerations for
infrastructure, and Majuba Hill already benefits from a strong
foundation in all these areas. This existing infrastructure
provides a significant advantage, offering substantial cost
savings compared to more remote projects.
History: Historical Producer
Drilling:
Approximately 89,395 feet of drilling to date. Rough
replacement value of drilling USD $12.1 Million using current
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.
Expandability:
The IP survey, deep drilling, and step-out drilling indicate
significant expansion potential, with mineralization open in all
directions.
Fully Financed: The Company has secured funding for its next phase of drilling
at Majuba Hill.
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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Restricted Stock Unit Issuance
The Company announces it has granted 9,650,000 restricted stock units (“RSUs”) to
officers, directors 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”).
About Giant Mining Corp.
Giant Mining 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 benefits from a mining-friendly
regulatory environment and strong local infrastructure. While still an exploration-stage
asset, the geological footprint and scale of mineralization indicate that further work is
clearly justified and that the system may host significant copper potential.
With a strengthened technical framework, supportive jurisdiction, and funded exploration
program, Giant Mining is focused on advancing Majuba Hill through systematic drilling and
technical evaluation. The Company remains committed to responsible exploration,
technical transparency, and creating long-term shareholder value through discovery-
focused exploration.
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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 forward-looking information, including but not limited
to statements regarding planned exploration activities and anticipated
outcomes.
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
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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. These statements involve known and unknown risks,
including exploration, metallurgical, permitting, environmental, commodity
price, and market risks. 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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