Oleblue
1 week ago
Giant Mining Corp. Partners with ExploreTech to Expand 2025 Potential at Majuba Hill Copper Deposit
VANCOUVER, BC — January 27, 2025 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the company has engaged Exploration Technologies Inc. (“ExploreTech”) from San Diego, California to apply their AI drill-planning technology to Giant’s Majuba Hill Copper Deposit (“Majuba Hill”) Pershing County, Nevada, USA.
ExploreTech will use its Engine AI and cloud computing platform in conjunction with Giant’s expert geology team to optimize trajectory, target generation, and resource definition. Majuba Hill has a wealth of exploration data that has been collected since the 1940s. This data will be synthesized in a manner that maximizes the probability of success for the upcoming drill program.
Courtesy of ExploreTech
ExploreTech will take into consideration the proposed 2025 drilling campaigns along with previous exploration data. This data consists of over 80 previous drill holes and 80,000 feet of drilling, along with the results of previous extensive surface sampling, geological mapping, geophysics, underground sampling, rigorous studies, and analysis. ExploreTech will generate operational plans to achieve the best outcome for 2025 and provide further insight into the large copper target generated by the last 4 years of exploration by the Company.
ExploreTech will generate thousands of possible geological models and numerous optimized drilling campaigns which meet operational constraints and management goals.
The analysis will prioritize three goals:
High-grade copper-silver zones within the Southern Breccia Corridor
Expansion opportunities around the known higher-grade domains
Identify the source porphyry which drives the mineralized breccias above.
Figure 1. Overview of ExploreTech’s approach, courtesy of ExploreTech (www.exploretech.ai)
The company has outlined a first phase of its multi-phase 2025 drilling campaigns at Majuba Hill as announced on January 16th 2025. The first phase Core Program is designed to follow up hole MHB-30 (“MHB-30”).
The underlying AI technology is co-developed by ExploreTech’s founders based on their PhD research at Stanford University. This AI drill targeting tool forms the foundation of the next generation of mineral exploration technologies, used with success at multiple locations worldwide.
Alex Miltenberger, ExploreTech CEO states: “The United States – and the world – desperately needs critical mineral resources. To get those resources, it’s absolutely essential to speed up exploration and development by 100x. We are excited by the prospects at Majuba Hill, located in the great state of Nevada, and look forward to assisting the Giant Mining team with this next phase of the project’s development.”
“It is a privilege to be working with the team at ExploreTech at this pivotal moment in the development at the Majuba Hill Copper Deposit. We are excited by the ability to use Artificial Intelligence to create thousands of models to compliment the exploration and development thesis of our already World Class technical team.” said David Greenway, CEO of Giant Mining. “2025 aims to be Majuba Hill and Giant Mining’s most critical and exciting year yet and we couldn’t be feeling more motivated by what we look to achieve and the outcome it could present for Giant Mining and its stakeholders.”
About Exploration Technologies Inc.
ExploreTech’s AI approach is specifically designed to combine surface geology and drilling results with computationally intensive remodeling of existing geophysical datasets to optimize targeting of covered targets. The process quickly generates thousands of solutions that cluster on the best fits between the geological and geophysical data and then generates drillhole trajectories designed to cut those clusters most effectively.
ExploreTech first combines the geological concept with AI geophysical simulation to identify and locate where the source of a geophysical anomaly actually lies. This is done by testing thousands of possible explanations (models) for anomalies measured at the surface and selecting only those that closely match the real-world geophysics. The selected models of the combined geology and geophysics cluster around the most likely location of the anomaly. The program then evaluates the clusters in three dimensions to determine the optimal drilling trajectory to pierce as many of the target anomalies as possible. The entire process can be rerun as drill results for specific targets, or additional geophysical surveying, adds new information allowing improved vectoring to the best mineralized parts of a given ore system. This use of AI to reveal and reinforce target anomalies in existing geophysical datasets is a significant new exploration tool and has already been applied in several cases, some are viewable at www.exploretech.ai.
Figure 2: Magmatic-Hydrothermal Breccia Corridors and Prominent Breccia Bodies
Drilling 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. The planned holes are expected to provide additional porphyry-related elements that will lead to the source porphyry.
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.
About Majuba Hill Copper-Silver-Gold Deposit
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
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
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.
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”).
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.
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:
E: info@giantminingcorp.com
P: 1 (236) 788 0643
https://mailchi.mp/428f85861c00/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573784?e=1145db4d14
Oleblue
2 weeks ago
Giant Mining Corp. Continues Engagement with RESPEC for Evaluation and Technical Services at Majuba Hill Copper Project in Nevada
VANCOUVER, BC — January 24, 2025 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that the company is continuing the engagement with RESPEC in Reno, Nevada to provide guidance for the Majuba Hill Copper Project as the Company begins the 2025 drilling program.
RESPEC is an International group that applies engineering, applied sciences and technology to natural resources and has extensive experience in the Mineral and Exploration industry throughout Nevada and the western United States. RESPEC was founded in 1969 with over 600 employees and over USD $112 Million in Revenue (2022).
RESPEC in its efforts to publish a NI 43-101 Report at Majuba Hill will take in to account the following critical attributes of Majuba Hill:
Location: Nevada – The #1 mining jurisdiction on the planet according to the Fraser Institute
Project Size: 9,684 Acres
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
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.
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
David Greenway, CEO stated, “I am very pleased that we have reached this stage at Majuba Hill. We look forward to having RESPEC as advisors to the Giant Mining Corp. technical team. Their work will provide a solid technical base for us to be able to provide an impartial, objective model for the project.”
We look forward to having RESPEC as advisors to the Giant Mining Corp. technical team. Their work will provide a solid technical base for us to be able to provide an impartial, objective model for the project.”
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:
E: info@giantminingcorp.com
P: 1 (236) 788 0643
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
DOWNLOAD INVESTOR INFORMATION
LIKE AND FOLLOW
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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.
https://mailchi.mp/a4038880e5eb/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573780?e=1145db4d14
Oleblue
2 weeks ago
Giant Mining Corp. Advances Project Costs of USD $282,696 Ahead of Proposed Drill Program at Majuba Hill
VANCOUVER, BC — January 23, 2025 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that the company has advanced fixed project costs of USD $282,696 for the Majuba Hill (“Majuba Hill”) Copper-Silver-Gold Porphyry Deposit located in Pershing County, Nevada ahead of its upcoming drill program, anticipated to commence Q1 2025 .
The company has advanced the following amounts ahead of the Q1 2025 drill program:
This 2025 drill program is a key component of Giant Mining Corp.'s ongoing initiative to advance exploration efforts at the Majuba Hill Project, a highly prospective site with significant copper potential
Figure 1: Magmatic-Hydrothermal Breccia Corridors and Breccia Bodies
Four core holes are planned for the follow-up to hole MHB-30.
"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 mineral 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."
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.
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
Drilling: 83,925 feet of drilling to date. Approximate replacement value of drilling would be 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.
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”).
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.
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
https://mailchi.mp/dfe6fbe4244a/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573764?e=1145db4d14
Oleblue
3 weeks ago
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
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."
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).
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/.
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”).
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:
E: info@giantminingcorp.com
P: 1 (236) 788 0643
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
DOWNLOAD INVESTOR INFORMATION
LIKE AND FOLLOW
Instagram, Facebook, Twitter, LinkedIn
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.
https://mailchi.mp/c8cb1c846be7/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573727?e=1145db4d14
Oleblue
2 months ago
Giant Mining To Drill Four Core Hole Drill Program At Majuba Hill
VANCOUVER, BC — December 4, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) announces the company is planning a four hole Core Drilling Program (“Core Program”) at its Majuba Hill Copper-Silver Deposit (“Majuba Hill” or “the Project”) 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
Combining the copper and the silver results returns a copper equivalent of:
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.
"We are excited to announce this newest core drill program as a follow up to hole MHB-30, which significantly exceeded our expectations for high-grade copper-silver mineralization," said David Greenway, CEO of Giant Mining. "The company is steadfast in its belief of the potential at Majuba Hill and that 2025 will be a breakout year for Copper, with industry insiders seeing the potential for $5.00+ copper on the horizon, an undeniable shortfall of copper supply and a new US Presidential administration that will focus on speeding up permitting timelines for critical, domestic mineral production.”
Drilling 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
Figure 3: MHB-30 55.5-57.0 meters (182-187 ft)/ 1.5 meters (5 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)/1.5 meters (5 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).
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 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”).
Corporate Communications
The Company announces that it has engaged the services of Free Market Media Ltd. (“Free Market”) to assist the company with corporate communications. Free Market is based out of Langley, BC and its principal is Brent Rusin whose email is info @sofaman-7291.
The Company has entered into a Consulting Agreement (the “Agreement) with Free Market dated December 1st, 2024 whereby the services to be provided immediately by Free Market is on an ongoing basis for the next 6 months. Free Market will be paid a fee of $2,500 per month and issued 200,000 stock options exercisable at a price of $0.20 for a period of 12 months. The Agreement may be renewed or extended by the Company and Free Market at the end of the initial term. Free Market is not related parties and operate at arm’s length.
Non-Brokered Private Placement
The Company is pleased to announce a non-brokered private placement of up to 22,092,200 units (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $2,209,200 million (the “Private Placement”).
Each Unit will consist of one common share (each, a “Share“) and one transferrable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.25 per Share for a period of 12 months from the date of issuance.
The Warrants will contain an acceleration provision which will provide that should the Company’s Shares trade at or above $0.40 for a period of five (5) or more consecutive trading days (the “Acceleration Condition“), the expiry date of the Warrants will be accelerated to 30 days from the date that the Company provides notice (whether by written notice to the holder or the issuance of a news release) that the Acceleration Condition has been satisfied.
Listed Issuer Financing Exemption (“LIFE”) Offering
the Company is pleased to further announce a non-brokered private placement offering of up to 1,371,040 shares of the Company ("Units") at a price of C$0.12 per Unit (the "Offering Price"), for aggregate proceeds of up to C$164,524.80 (the "LIFE Offering").
The Units to be issued under the LIFE Offering will be offered to purchasers pursuant to the Listed Issuer Financing Exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106- Prospectus Exemptions, in Alberta, British Columbia, and Ontario. The Units offered will not be subject to a hold period in accordance with applicable Canadian securities laws.
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:
E: info@giantminingcorp.com
P: 1 (604) 790-7291
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", "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.
(CSE: BFG | OTC: BFGFF | FWB: YW5)
Find out more about Giant Mining Corp
Oleblue
4 months ago
Giant Mining Intersects Surface High Grade at Majuba 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
VANCOUVER, BC — September 24, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) announces the company intersected high-grade copper-silver mineralization in hole MHB-30 (“MHB-30”) from surface down to a depth of 218.0 feet (66.4 meters) consisting of 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 at its Majuba Hill Copper-Silver Deposit located in Pershing County, Nevada.
Combining the copper and the silver results returns a copper equivalent of:
0 to 218.0 feet of 2.1% Copper Equivalent (“CuEq”) including 140.0 to 214.0 feet at 2.9% CuEq.
Majuba Hill is a copper-silver-molybdenum porphyry project that previously produced high-grade copper, silver and tin, along with gold and zinc from historic underground workings. The project is accessible year-round by a major highway with extensive infrastructure already in place and over 83,925 feet of exploration and development drilling to date. Giant Mining controls 15.1 square miles (39.2 sq km) or 9,678 acres (3,917 ha) at Majuba Hill.
Buster Hunsaker, Consulting Geologist to Giant Mining commented, “The recent technical reviews noted the consistent silver values associated with the copper have the potential to enhance the total value of the deposit. A 2017 study of the silver metallurgy indicated the potential for recovery using flotation. Combining the copper and the silver results in 0 to 66.4 m at 2.1% CuEq which includes 42.7 to 65.2 m at 2.9% CuEq.
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”). The 2024 holes target near-surface oxide and enrichment zones concentrated along magmatic-hydrothermal breccias that define two prominent corridors.
The Company is pleased to report that the MHB-30 assay results are significantly higher than those expected to occur within the high-grade domain (>0.50% copper) modeled in the NI43-101 in Figure 1.
"We are excited by the results of hole MHB-30, which significantly exceeded our expectations for high-grade copper-silver mineralization," said David Greenway, CEO of Giant Mining. "With guidance from our geologic team, including Richard Sillitoe, Leo Hathaway (Technical Advisor), and Larry Segerstrom (Director), we are continuing to uncover the incredible potential of Majuba Hill. We remain open both at depth and along strike, and despite over 83,925 feet of drilling and development work, we are only scratching the surface of just how big this opportunity could be for Giant stakeholders, the State of Nevada, and the USA. We eagerly await the results from MHB-31, drilled to a total depth of 1,086 feet."
Leo Hathaway, Technical Advisor commented, "The high-grade copper-silver results from hole MHB-30 are a strong validation of our exploration model at Majuba Hill. These results confirm the presence of significant mineralization near surface, with potential for further expansion both laterally and at depth. We are excited about the continued progress of the program and look forward to unlocking even more value as we drill deeper and expand our understanding of the deposit."
Copper Equivalent Calculation
Copper equivalent (CuEq) values were calculated 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 is trading at $4.475/lb Cu and $31.29/oz Ag (prices based on 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).
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 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:
E: info@giantminingcorp.com
P: 1 (604) 499-6791
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/ab006b9f03ed/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573120?e=1145db4d14
Oleblue
6 months ago
Giant Mining Corp Welcomes Renowned Geologist Leo Hathaway to Advisory Board
VANCOUVER, BC — July 25, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the appointment of Leo Hathaway to its trusted advisors (the “Advisory Board”). Mr. Hathaway brings a remarkable track record, wealth of knowledge and extensive experience in the exploration and mining sector.
Giant Mining Corp. looks forward to leveraging Mr. Hathaway’s expertise to drive exploration success and deliver value to its shareholders. His appointment marks a significant step in strengthening the company's technical advisory capabilities.
David Greenway, CEO of Giant Mining Corp., expressed his enthusiasm for Mr. Hathaway's appointment: "We are thrilled to welcome Leo to our Advisory Board. His extensive experience and proven track record in geological exploration and project development are invaluable assets to our team. Leo’s expertise and deep understanding of the exploration and mining industry will significantly contribute to advancing our exploration programs and achieving our strategic goals. We look forward to leveraging his insights as we continue to drive our projects forward."
Leo Hathaway shared his thoughts on joining the Advisory Board: "Majuba Hill represents a near surface leachable copper target and a number of additional, exciting primary copper targets laterally and to depth. In addition, it is located close to infrastructure in probably the most favourable mining jurisdiction in the world. I am eager to contribute whatever I can to Giant Mining Corp's initiatives to help explore, advance and unlock the full potential of Majuba Hill, and I am thrilled to have the opportunity to work with the Company’s dedicated team.”
About Leo Hathaway
Mr. Hathaway is a distinguished geologist with extensive experience in the exploration and mining sector, spanning from grassroots exploration to feasibility and development stage projects. He currently serves as Senior Vice President of Lumina Gold Corp and, since 2004, he has held senior positions such as the former Chief Geological Officer for Lumina Copper Corp and VP Exploration for Northern Peru Copper Corp, Regalito Copper Corp, Global Copper Corp, and Lumina Resources Corp. Additionally, he was a former partner in Lumina Capital LP. Prior to 2004, Mr. Hathaway worked with Inmet Mining in Europe, Australia, Central, and South America. Mr. Hathaway's earned a B.Sc. (Hons) degree in Applied Geology from the University of Plymouth, an M.Sc. in Mineral Exploration from the University of London, and he obtained his P.Geo. in 2004.
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/6a6852c9999f/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572877?e=1145db4d14
Oleblue
6 months ago
Giant Mining Commences Diamond Core Drilling at the Majuba Hill Copper Deposit
VANCOUVER, BC — July 23, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that it has commenced diamond core drilling (the “Core Program”) with hole MHB-30 at the Majuba Hill Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Core Hole MHB-30: Rig on Site
Giant Mining plans to drill a minimum of 1,600 feet (488 meters) of diamond core drilling within the existing exploration target area (See Figure 1). Drilling will focus on the drill targets designed to expand the mineral potential at Majuba Hill, ensuring a comprehensive understanding of the deposit. The Core Program will provide detailed and accurate data that is crucial for delineating the extent and continuity of the copper, silver, and gold mineralization.
David Greenway, CEO of Giant Mining Corp., commented: “We are excited to commence the core drilling program at Majuba Hill. This phase of drilling is pivotal for expanding our understanding of the deposit and enhancing the resource potential. We believe the drill data collected will be instrumental in advancing the project and driving value for our shareholders.”
As previously stated, this investment in drilling is essential for refining the geological model of Majuba Hill, significantly enhancing Giant Mining’s resource evaluation efforts. The drilling program is designed to gather comprehensive and high-quality data that will provide a more detailed understanding of the deposit's size, structure, and mineralization patterns. By gaining this critical information from the new drilling, the Company will be able to update its resource estimates with greater precision, thereby reducing geological uncertainties and enhancing confidence in the project's potential.
Figure 1: Giant Mining recent holes in red and planned drilling green (RC) and blue (Core)
Richard H. Sillitoe - Project Review
Giant Mining Corp. is also pleased to announce that Richard H. Sillitoe spent four days in Nevada and on-site at the Majuba Hill Project reviewing core, underground geology, and surface geology. The Company was pleased he saw the potential for the oxide copper deposit at Majuba Hill. Having a geologist with Richard H. Sillitoe’s worldwide experience and knowledge is remarkably helpful with the exploration. The Company’s Technical Team is looking forward to incorporating the significant observations that he provided into the ongoing exploration program.
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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.
https://mailchi.mp/8a577124b256/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572866?e=1145db4d14
Oleblue
7 months ago
Giant Mining Corp New Road Construction Underway at Majuba Hill Porphyry Copper Deposit
VANCOUVER, BC — July 16, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the successful completion of new road construction at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
This drill road and drill site construction is being done by Legarza Exploration, LLC (“Legarza”), and will provide additional drill locations for our ongoing and future drilling.
Figure 1: Majuba Hill Completed Road Construction
David Greenway, President and CEO of Giant Mining Corp, stated, "The construction of this road marks a significant milestone in our development at Majuba Hill. Improved site access will enable us to expedite our drilling program and further explore the substantial copper resources on the property. Buster and his team are eager to advance our work and capitalize on the promising potential of Majuba Hill."
As previously announced in the May 30, 2024, and June 17, 2024 news releases, the newly constructed road and site improvements will support our comprehensive drilling program at Majuba Hill. The drilling activities include the proposed 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. Additionally, the Company is also contemplating drilling two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Figure 2: Majuba Hill New Roads in Green
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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.
https://mailchi.mp/5e7a5fc4d6fb/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572832?e=1145db4d14
Weekly Chart
Oleblue
7 months ago
Giant Mining Corp. Contracts Big Sky Exploration for Diamond Core Drilling at Majuba Hill Copper Deposit
VANCOUVER, BC — July 8, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce it has engaged Big Sky Exploration, LLC (“Big Sky”) of Eureka, Nevada for diamond core drilling (the “Core Program”) at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Big Sky will undertake the Core Program, which plans to drill a minimum of 1,600 feet (488 meters) of core drilling within the existing exploration target area. The contract does not specify a maximum drilling requirement, allowing for flexibility in the execution of the project. Additionally, the Company is also contemplating drilling two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Drilling operations are set to commence with the arrival of the drilling rig on July 15, 2024.
David Greenway, CEO of Giant Mining Corp., commented on the new drilling contract, stating, “We are thrilled to announce that the core drilling contract has been awarded to Ben Sieben's team at Big Sky Exploration. This group effort marks the beginning of one of most exciting drill programs in recent memory for Giant Mining. Ben’s team engages and implements modern mud technologies and engineering, leading to what we believe will be excellent recovery success. We are confident that their expertise and innovative approach will lead to significant discoveries and advancements for our company."
Drilling will focus on the drill targets designed to expand the mineral potential at Majuba Hill, ensuring a comprehensive understanding of the deposit. The Core Program will provide detailed and accurate data that is crucial for delineating the extent and continuity of the copper, silver, and gold mineralization.
As previously stated, this investment in drilling is essential for refining the geological model of Majuba Hill, significantly enhancing Giant Mining’s resource evaluation efforts. The drilling data collected from these programs will enable the Company to update its resource estimates with greater precision, ultimately contributing to the advancement and economic assessment of the project. By thoroughly exploring and defining the mineral potential, the Company aims to optimize the development strategies for Majuba Hill, aligning with management’s commitment to creating shareholder value through meticulous exploration and resource management.
Figure 1: Giant Mining historic and planned core holes in blue.
About Big Sky Exploration, LLC
Big Sky Exploration, LLC, headquartered in Eureka, Nevada, was established from a genuine passion for diamond core drilling, bringing extensive expertise to the forefront of the mining industry. With a commitment to maximizing core recovery, Big Sky Exploration demonstrates unparalleled flexibility and adaptability to varying hole conditions. The company takes pride in delivering high-quality, cost-effective solutions tailored to meet the demands of the most challenging drilling environments.
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/8440c9ac900c/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572795?e=1145db4d14
Weekly Chart
Oleblue
7 months ago
Giant Mining Corp. Engages Boart Longyear for Drilling Services for RC Drilling at Majuba Hill Porphyry Copper Deposit
VANCOUVER, BC — June 24, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce it has engaged Boart Longyear Limited (“Boart Longyear”) of Elko, NV for reverse circulation (“RC”) drilling at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Boart Longyear will undertake the drilling program, which plans to drill up to 12,800 feet (3,901 meters) across 16 holes. The contract does not specify a maximum or minimum drilling requirement, allowing for flexibility in the execution of the project. Drilling operations are set to commence around mid-August 2024.
David Greenway, CEO of Giant Mining Corp., commented on the new drilling contract, stating, “Engaging Boart Longyear, a leader in the drilling industry, for our Majuba Hill project represents a significant step forward for Giant Mining. We are excited about the potential insights and results this drilling program will bring, starting this August. Their expertise and reputation for delivering high-quality services align perfectly with our goals for Majuba Hill.”
Drilling will focus on the drill targets which is designed to infill and expand the mineral potential at Majuba Hill. This drill program is laid out to expand known mineral zones and identify new areas of mineralization. By concentrating on these specific targets, the drilling program will provide the additional drill holes needed to expand and verify the continuity of the copper mineralization.
This drilling is essential for refining the geological model of Majuba Hill, significantly enhancing Giant Mining’s resource evaluation efforts. The data collected from this program will enable the company to update its resource estimates with greater precision, ultimately contributing to the advancement and economic assessment of the project. By exploring and defining the mineral potential, the Company aims to optimize the development strategies for Majuba Hill, aligning with our commitment to creating shareholder value through meticulous exploration and resource management.
About Boart Longyear
Established in 1890, Boart Longyear is the world’s leading innovative provider of drilling services, manufacturer of productivity-driven drilling equipment and performance tooling, and developer of orebody-data technology, revolutionizing the future of mineral development. With a rich heritage of more than 133 years in operation, the Company continues to build value for customers worldwide.
Boart Longyear also has a substantial presence in aftermarket parts and service, energy, mine dewatering, oil sands exploration, production drilling, and down-hole exploration. Headquartered in Salt Lake City, Utah, the Company operates in 26 countries with close to 6,000 employees at the end of 2023.
Figure 1: Giant Mining grade domain with recent and historic drill holes. Planned drill holes are in green.
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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.
https://mailchi.mp/85068c0b1d76/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572734?e=1145db4d14
Oleblue
8 months ago
GIANT MINING CORP. ENGAGES LEGARZA EXPLORATION FOR ROAD CONSTRUCTION AT MAJUBA HILL PORPHYRY COPPER DEPOSIT
VANCOUVER, BC — June 17, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce it has engaged Legarza Exploration (“Legarza”) to build new roads and drill sites at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Most of the proposed road work was approved as part of the Reclamation Cost Estimate by the State of Nevada, Department of Conservation & Natural Resources, with the Bureau of Mining Regulation and Reclamation (“BMRR”) which will provide safe and efficient access for exploration drill rigs to the in-fill and extension drill locations.
The Company is currently awaiting approval from the Winnemucca District Office of the Bureau of Land Management (“BLM”) on a small portion of the road described in an Amendment to the existing BLM Notice Level plan submitted in May 2024. Construction is proposed to begin on or about June 18th 2024.
David Greenway, President and CEO of Giant Mining Corp., stated, “We are excited to advance our operations at Majuba Hill with the construction of this new road. Engaging Legarza for this crucial infrastructure project underscores our commitment to ensuring safe and efficient access to our drilling sites. This development marks a significant step forward in our exploration and operational plans for the upcoming drill season.”
As previously announced in the May 30, 2024 news release (see News Release), the new road and site construction will partially support our drilling activities at Majuba Hill, including the proposed 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. Additionally, the Company plans to drill two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Figure 1: Planned Roads 2024
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”).
Stock Options and Restricted Stock Units
The Company announces that it has granted a total of 525,000 stock options (“Options”) to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company’s Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.75 per common share for a period of twelve months from the date of grant. All of the Options expire on June 16, 2025.
The Company announces it has granted 1,800,000 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 of the RSUs expire on June 16, 2025.
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”
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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.
Copyright © 2024 Giant Mining Corp, All rights reserved.
https://giantminingcorp.com/news/giant-mining-corp-engages-legarza-exploration-for-road-construction-at-majuba-hill-porphyry-copper-deposit/
Oleblue
8 months ago
Giant Mining Corp. Receives Approval for Reclamation Cost Estimate from Nevada Department of Conservation & Natural Resources on the Flagship Majuba Hill Porphyry Copper Deposit, Nevada
VANCOUVER, BC — May 30, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the approval of its Reclamation Cost Estimate by the State of Nevada, Department of Conservation & Natural Resources, for the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”) a copper, silver, and gold project located in Pershing County, Nevada.
The completion of the Reclamation Permitting process with the Bureau of Mining Regulation and Reclamation (“BMRR”) provides Giant Mining approval of up to 25 acres disturbance. Payment of the $240,762.00 Reclamation Bond ensures that sufficient funds are available to complete reclamation activities on all disturbance on private land at the Majuba Hill Exploration Project.
With the reclamation bond in place, the Company anticipates a comprehensive drilling program that will incorporate the drill targeting results from the past three years of drilling. This includes approximately 3,900 meters (12,800 feet) of reverse circulation (RC) drilling in 16 drill holes and 488 meters (1,600 feet) of core drilling internal to the current exploration target. Two deep core holes are also being contemplated, each reaching a depth of up to 3,500 ft. (1,066m).
David Greenway, President, and CEO of Giant Mining Corp., stated, “The approval of our reclamation bond is a significant milestone for the Majuba Hill Exploration Project. It underscores our commitment to responsible mining practices and our dedication to environmental stewardship. We are excited to advance our exploration activities in one of Nevada’s most promising mining districts.”
The Company has drilled 19 RC holes totaling 4,601 meters (15,092 feet) and 10 core holes totaling 5,304 meters (17,405 feet) from 2020 to 2022. A total of 49 RC holes (8017.5 meters/ 26,604.1 feet) and 55 core holes (16,988.1 meters/ 55,735.2 feet) has been drilled at Majuba. 33 RC and 45 core holes for a total of 22,542.8 meters (73,967 feet) of drilling were NI43-101 compliant and could be used for the calculation of the Exploration Target in the 2023 NI43-101 report.
Exploration
As previously announced in a May 21, 2024 news release, an exploration corridor has been identified as a key focus area, integrating insights from both recent and historical drilling, geological mapping, geochemical analysis, and geophysical surveys. Drilling has revealed a substantial oxide zone that outcrops at the surface and reaches depths of up to 1,804 ft. (550 m).
Looking forward to this year and beyond, the Company is preparing for a pivotal exploration year in 2024. The company plans extensive drilling operations to thoroughly investigate the vertical and lateral extents of copper mineralization. These enhanced exploration efforts are poised to play a crucial role in delineating the full potential and guiding the future development of the Nevada Project.
Exploration Program 2024
Giant Mining Corp. is allocating funds from the recently concluded Private Placement towards advancing the Company’s exploration and development initiatives, in alignment with the recommendations provided in the June 2023 NI43-101 report. The Company has committed to drilling 16 reverse circulation (RC) holes and two shallow core holes, which are designed to infill and expand the mineral potential. The Company’s exploration efforts will be further enhanced by the drilling of two deep core holes, each reaching a depth of 3,500 ft. (1,066m). This significant investment in deep-core drilling is crucial for accurately determining the vertical extent of the mineralization, significantly enhancing the company’s resource evaluation efforts.
Giant Mining grade domain with recent, historic and planned drilling
Figure 1: Giant Mining grade domain with recent, historic and planned drilling.
Additionally, Giant Mining Corp. is set to commence a sequential copper analysis program to improve the understanding of the ore’s characteristics and processing efficiencies at Majuba Hill. The sequential copper analysis program will provide the foundational metallurgical understanding of the copper deposit utilizing an extensive library of existing pulps and core from earlier drilling. This program will cover the breadth and depth of the deposit and optimize recovery methods and enhance the overall efficiency and environmental compliance of the mining process.
By advancing this metallurgical study, the Company seeks to deepen its understanding of the Majuba Hill orebody, leading to more informed decisions about the project’s development and ensuring that any future extraction process is both efficient and environmentally responsible. This initiative aligns with the Company’s commitment to leveraging all available data to support sustainable mining practices.
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:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
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”, “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.
https://giantminingcorp.com/news/giant-mining-corp-receives-approval-for-reclamation-cost-estimate-from-nevada-department-of-conservation-natural-resources-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada/
Oleblue
8 months ago
Giant mining corp. Appoints Andrew Mugridge to board of directors and Richard Robins to the advisory board
VANCOUVER, BC — May 23, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the appointment of Mr. Andrew Mugridge to its Board of Directors. Mr. Mugridge brings a wealth of experience in finance and marketing, with a distinguished career in consulting for publicly traded companies since 2006.
David Greenway, President, and CEO of Giant Mining Corp., commented on the appointment: “We are thrilled to welcome Andrew to our Board of Directors. His extensive background in finance, marketing, and investor relations will be invaluable as we continue to advance our strategic initiatives. Andrew’s expertise and leadership will greatly benefit Giant Mining Corporation.”
About Andrew Mugridge
Andrew Mugridge has been involved in the finance and marketing sectors since entering the industry in 2006. His career began with consulting for publicly traded companies, focusing on financial and marketing strategies that drive growth and shareholder value.
From 2006 to 2014, Mr. Mugridge operated a successful investor relations firm, where he honed his skills in managing investor communications and corporate marketing. He then transitioned to a principal role at a financial advisory firm in Vancouver, British Columbia, where he continues to provide strategic financial counsel to a diverse client base. His professional experience is extensive, having served as a representative at ZLC Wealth Inc. from September 2015 to September 2021 and as Principal at Hotspur Financial Services Ltd. from June 2010 to July 2023. Additionally, he has been a Director at Recharge Resources Ltd. since March 2022.
Mr. Mugridge’s educational background includes a Certificate of Marketing Management from the British Columbia Institute of Technology and completion of the Exempt Market Proficiency (EMP) Course from the IFSE Institute.
Further, the Company is pleased to announce that Mr. Richard Robins has joined the Advisory Board.
About Richard Robins, B.A., MBA
Mr. Richard Robins is a seasoned financial executive with over twenty years of distinguished leadership and extensive expertise across multiple sectors, including banking, financial technology (FinTech), mining, and public companies. His impactful contributions have left an indelible mark on the financial landscape, demonstrating remarkable acumen and strategic prowess.
Notably, his tenure as Chief Financial Officer at International Battery Metals Ltd. exemplified his exceptional leadership, steering the company through a successful public listing on the TSX Venture Exchange before strategically transitioning to the CSE. This pivotal move marked a significant milestone, shaping the company’s trajectory under Mr. Robins’ guidance. International Battery Metals Ltd., an innovative lithium exploration and extraction technology company, currently boasts a market capitalization of approximately $312 million, a testament to Mr. Robins’ exemplary stewardship during his tenure. His strategic insights and pivotal role have been instrumental in the company’s success.
Before his impactful role at International Battery Metals Ltd., Mr. Robins honed his skills through progressive leadership positions at esteemed banking institutions, including TD Bank, Citibank, Peoples Trust Company and Vancouver City Savings Credit Union. His diverse experience equipped him with invaluable insights that have consistently contributed to his success.
Beyond his professional endeavors, Mr. Robins is committed to philanthropic endeavors and serves on the Board of Directors of Odd Squad Productions Society, a registered not-for-profit charitable organization delivering prevention programs for youth in the Lower Mainland, throughout BC, across Canada, and worldwide.
Mr. Robins earned his B.A., in Economics, from McGill University in Montreal and holds a Master of Business Administration specializing in Marketing & Entrepreneurial Studies from the Schulich School of Business at York University in Toronto.
Site Visit
The company’s executive team, alongside the geological technical team led by Buster Hunsaker and a group of consultants, will be heading to the Majuba Hill Copper Project in Pershing County, Nevada, USA, in the coming weeks. This site visit is a critical step in planning out the next phases of exploration. The teams will conduct thorough assessments, gather data, and strategize the most effective approaches to maximize the project’s potential. Their goal is to ensure a comprehensive and detailed plan that aligns with Giant Mining’s commitment to excellence and sustainable practices in resource development.
Copper Market Update
Copper prices have surged by 17.48% YTD in 2024, driven by fundamental factors and a tightening demand-supply environment. The persistent deficit in the copper concentrate market, exacerbated by ongoing mine disruptions, continues to exert upward pressure on prices. Additionally, the Federal Reserve’s rate-cutting cycle could unleash pent-up demand, further boosting copper’s value. Long-term, the energy transition is expected to become a significant tailwind for copper, sustaining its meteoric rise. These combined factors have propelled copper prices to new heights, reflecting a robust and dynamic market landscape. Below is a graph illustrating the year-to-date performance of copper. 1
Figure 1: Copper Prices YTD 2024
[1] Sourced online at Tradingview
Strategic Marketing Engagements
The Company is also pleased to announce several key strategic marketing and market awareness agreements (the “Marketing Agreements”) aimed at enhancing its investor relations and expanding its market presence.
David Greenway, CEO of Giant Mining Corp., announced today, “We are excited to collaborate with these organizations to broaden our reach in the European and North American markets and effectively communicate our value proposition to a wider audience. These strategic engagements will help us strengthen our investor outreach and provide potential new investors with comprehensive insights into our operations and growth potential.”
The Company has engaged 2686362 Ontario Corporation, doing business as CanaCom Group (“CanaCom”), with their brand TheDeepDive.ca (“TheDeepDive”). As part of this agreement, TheDeepDive.ca will produce and publish a featured company profile on Giant Mining in video format. This profile will highlight the investment opportunity, business model, company history, management backgrounds, industry comparable, forecasts, relevant risks, and the overall investment thesis. The videos will serve to educate the investor community about the potential of Giant Mining. A written version of this profile will also be published on TheDeepDive.ca and will be hyperlinked within the main menu. This Marketing Agreement is effective from May 15, 2024, for a twelve-month term, costing CDN $60,000 plus GST. All interactions and service provisions will be coordinated through CanaCom main contact, the authorized representative at 1836 Scarth Street, Regina, SK S4P 3G3. (email jay @dastx. For more information, visit TheDeepDive.ca
Furthermore, the Company has retained the services of Plutus Invest & Consulting GmbH, (“Plutus”) located at Buchtstr. 13, Bremen, 28195, Germany, for a term of seven months. Pursuant to this Marketing Agreement, Plutus will provide strategic consulting services focused on market analysis and financial advisory to support Giant Mining’s business initiatives (collectively, the “Consulting Services”). These Consulting Services will begin June 1, 2024, the effective date of the agreement, and continue for a period of seven months, ending on December 31, 2024. Giant Mining will compensate Plutus with a fee of EUR €250,000, payable at the commencement of the Consulting Services. All interactions and service provisions will be coordinated through Plutus’ main contact, the authorized representative at Buchtstr. 13, 28195 Bremen, Germany (email: contact@plutuinves.de, or by telephone: +49 421 17540174).
Additionally, The Company has entered into a Marketing Agreement with Mining Investor Resources Ltd. (“MiningIR”) for a term of twelve months. MiningIR is a media-based consulting company established in 2018 that provides corporate communications and media services for publicly traded companies. The mining media portal provides corporate mining and resource news, videos, and information company profiles on the resource sector companies. MiningIR delivers a rich experience, making the investor’s experience fulfilling and informative by giving investors and resource companies the means to connect as partners in the mining and resource sector. This Marketing Agreement is effective from May 15, 2024, for a twelve-month term, costing CDN $41,000. All interactions and service provisions will be coordinated through MiningIR main contact, (email info @PROFITizCOOL. For more information, visit MiningIR.
Greenway further highlighted the company’s proactive approach to market opportunities, stating, “Copper prices, having climbed 28% over the last three months to hit a 2-year high, are being leveraged by Giant Mining Corp. to advance our Majuba Hill Porphyry Copper Deposit. This flagship project, known for its substantial copper resources and strategic location, is positioned to benefit significantly from current market trends, further enhancing the company’s long-term growth prospects.”
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
https://mailchi.mp/4add4c2003c3/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572542?e=1145db4d14
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