Giant Mining Corp. announced new progress at its flagship Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada.

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced new progress at its flagship Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada. The company confirmed that Hole MHB-34, part of its 2025 diamond core drilling program, has been drilled to a depth of 1,963 feet (598.3 meters). This marks the third of five planned holes in the ongoing campaign aimed at expanding the known copper mineralization within the porphyry deposit.

In addition, the company reported that Hole MHB-33, which reached a final depth of 936 feet (285.29 meters), has been fully sampled and submitted to ALS Global Services for analysis. This clarifies a correction from a previous announcement, which misstated the total depth as 950 feet. Hole MHB-35 has also been completed to a depth of 596 feet (181.66 meters), with all core material under review.

The primary objective of this drill program is to build upon high-grade copper mineralization identified in earlier phases, including the notable intersections from MHB-30 and MHB-31 in 2024. These earlier results targeted breccia-hosted copper zones located beneath historical underground workings, which are now being systematically explored through deeper drilling.

David Greenway, CEO of Giant Mining, emphasized the significance of these developments, stating in the news release, “We are thrilled with the ongoing progress at Majuba Hill. As previously stated, in my entire career I’ve never seen drill core like what we saw at MHB-34 which was drilled to a total depth of 1,963 feet. Majuba Hill is rapidly emerging as a world-class copper, silver, and gold discovery, perfectly positioned as a vital American resource.”

The Majuba Hill Project benefits from key infrastructure advantages, with reliable access roads, nearby power lines, and established routes for transportation and logistics. Located approximately 70 miles southwest of Winnemucca, Nevada, the site is well-supported by regional mining hubs, facilitating both exploration and potential future development.

The company maintains a comprehensive quality assurance and quality control (QA/QC) process. Core samples are sawn lengthwise and processed at Giant Mining’s secure warehouse before being transported to ALS Labs for detailed analysis. ALS applies industry-standard methods such as Au-AA23 fire assay for gold and ME-ICP61 multi-element analysis for copper, silver, and other trace elements. Approximately 5% of submitted samples consist of drill duplicates and certified reference materials to ensure assay reliability.

Majuba Hill covers 9,684 acres and has been explored with over 83,930 feet of drilling to date. The company estimates the replacement cost of this drilling at approximately US$10.4 million. Historically, the site produced 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold, with exploration work indicating that the mineralization remains open in all directions.

Copper Market Builds Momentum Amid Rising Demand and Policy Tailwinds

Finimize reported on April 29 that copper prices climbed to US$9,458.50 per tonne on the London Metal Exchange, driven by strong Chinese demand, restocking before the Labor Day holiday, and a strengthening yuan. The report highlighted tightening global supplies, with the Yangshan copper premium—a key measure of Chinese import appetite—surging to US$93 per tonne, its highest level since December 2023. Finimize noted that “US tariff speculations boosted copper stocks by 40% at COMEX warehouses,” helping shift more inventory into the US and keeping global premiums elevated.

On May 6, Stockhead highlighted growing optimism for the US copper sector as new federal policies advanced domestic production goals. The report explained that copper had become a priority in the Trump administration’s push for critical minerals dominance, with executive orders calling for an “immediate” ramp-up in US mineral output. Stockhead emphasized that permitting timelines were improving, with fast-track processes reducing approvals from months to potentially just weeks. Nick Woolrych of New World Resources described the momentum as highly promising, stating, “Copper is a huge focus,” and confirming that regulatory improvements were creating real opportunities for US-based copper projects.

An opinion piece posted to Wood Mackenzie on May 6 underscored strong long-term demand drivers while acknowledging short-term challenges. The report stated that although tariffs and trade tensions posed near-term risks, copper’s essential role in electric vehicle growth and grid expansion would sustain its importance. Wood Mackenzie explained that “long-term copper demand will be supported by the growth in electric vehicle (EV) use and the expansion of electrical grids to cope with demand.” The firm also noted tightening concentrate supplies, adding that “treatment and refining charges (TC/RCs) for spot copper concentrate have gone negative in recent months,” reflecting robust demand. Looking ahead, Wood Mackenzie estimated that approximately 900,000 tonnes of new copper projects would need to be approved annually over the next decade to meet rising global needs, reinforcing copper’s critical role in the global energy transition.

Building Toward a New Resource Estimate: What Lies Ahead

Giant Mining’s current exploration campaign is designed to position the Majuba Hill Project for its next major milestone: a new Mineral Resource Estimate. The 2025 program, outlined in the company’s May 2025 investor presentation, aims to complete a minimum of 4,400 feet (1,340 meters) of core drilling, with flexibility built in to exceed this target if warranted by results.

Notably, the 2025 drilling includes a hole targeting the Southern Resistivity Anomaly, a high-priority area identified using ExploreTech’s artificial intelligence-based modeling. The company has already logged more than 2,500 feet of completed drilling this year and continues to update stakeholders as assay results become available.

Giant Mining’s broader strategy emphasizes its potential role in meeting growing global demand for copper, particularly as the electric vehicle and clean energy sectors accelerate. According to the company, each electric vehicle requires approximately 183 pounds of copper, underscoring copper’s critical role in global electrification trends. Majuba Hill’s combination of accessible location, favorable infrastructure, and extensive mineralization makes it a strategically positioned asset within a top-ranked mining jurisdiction.

Alongside Majuba Hill, Giant Mining holds a 20% interest in the Friday Gold Project located in Idaho’s Orogrande Mining District. While Majuba Hill remains the flagship asset, the company continues to monitor opportunities for additional value creation across its broader portfolio.

Giant Mining’s leadership, featuring experienced figures from both geological and financial sectors, has underscored its commitment to value creation through a disciplined exploration strategy. As the 2025 drill program progresses, the company is focused on advancing Majuba Hill toward a defined resource base that can support future development decisions.

Analyst Reaffirms Strong Buy as Giant Mining Hits First Target

Technical analyst Clive Maund issued a positive assessment of Giant Mining Corp. on March 5, stating that it was an excellent time to buy or add to positions. Maund highlighted that the company had completed a significant Cup and Handle base pattern on its 10-month chart, a formation that is often seen as a bullish technical indicator. He noted that this pattern was supported by a highly bullish volume profile, pointing out that the strong volume during the rally on the right side of the cup signaled a credible and promising setup. Maund described the formation as reflecting increasing investor confidence that Giant Mining was turning the corner, with the added advantage of tariff barriers expected to support domestic U.S. copper producers.

On May 2, Maund provided an updated report on Giant Mining. While he had previously described it as a good time to add to positions, his latest update raised the rating to Strong Buy. Maund set an initial target of CA$0.30 for an advance, a milestone that the company’s share price reached today, and noted a secondary target of CA$0.60.

Ownership and Share Structure

According to Giant Mining Corp., approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors. 

As of May 5, 2025, Giant Mining Corp. has a market capitalization of approximately CA$22.77 million, based on a closing share price of CA$0.305.

The company’s current share structure includes 74,664,097 shares issued and outstanding, 38,231,865 warrants, 850,000 options, and 2,400,000 restricted share units.

The company’s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017. [NLINSERT]