Giant Mining Validates Copper-Bearing Breccia Zone with Core Hole MHB-31 at Majuba Hill Nevada
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*Press Release November 12th, 2024
Giant Mining Validates Copper-Bearing Breccia
Zone with Core Hole MHB-31 at Majuba Hill Nevada
VANCOUVER, BC — November 12th, 2024 — Giant Mining Corp. (CSE:
BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”)
has received final assay results for MHB-31 (“MHB-31”) the second core hole
drilled at its Majuba Hill (“Majuba Hill”) Copper-Silver Porphyry Deposit
located in Pershing County, Nevada. Hole MHB-31 drilled the marginal breccia
around the high-grade copper-bearing breccia intersected by MHB-30. Hole
MHB-31 was located over 600 feet (185 meters) to the east of MHB-30 and
intersected the marginal breccia portion of the copper-bearing breccia as
shown on Figures 1 and 2.
Figure 1: Magmatic-Hydrothermal Breccia Corridors and Prominent Breccia Bodies
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MHB-31 returned: 115 feet (35.1 meters) of 0.10% copper and 3 g/t silver
from 769 to 884 feet (234.4-269.5 meters).
“This confirms breccia controls for the location and wide zones of copper and
silver mineralization that was highlighted by the technical review completed
before the 2024 drilling,” said Buster Hunsaker, Consulting Geologist to Giant
Mining Corp. “These results are consistent with the copper grade-domains
outlined in the Exploration Target Model constructed by RESPEC in the 2023
NI43-101.”
Figure 2: Drone photo and Cross Section looking North
“With the validation of the Majuba Hill high-grade, copper-bearing breccia we
are looking forward to the next phase of the 2024 drilling program,” said David
Greenway, CEO of Giant Mining. "This understanding will make our drilling
programs more cost-effective as we develop the deposit’s potential to become
a significant domestic supply of copper for the USA and for the benefit of all
Giant Mining stakeholders."
Copper mineralization in the “Breccia-Margin” zones of the high-grade,
copper-bearing breccias is within limonitic-matrix breccias, tourmaline-
bearing stockwork zones, and tourmaline-bearing fracture zones as shown in
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Figure 3. Typically, copper occurs as azurite, malachite, cuprite, and
chalcocite.
Figure 3: MHB-31 Copper in Breccia Margin with chalcocite and cuprite.
Left photo: includes 879-884 feet (267.9-269.4 m) with 0.44% Cu and 6.6 g/t Ag.
Right photo: includes 909-914 feet (277.1-278.6 m) with 0.70% Cu and 1.6 g/t Ag.
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 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 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
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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
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
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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
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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.