Miner Finds Promising Copper Breakthrough at Nevada Site

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced the continued engagement of RESPEC Company LLC to update the geological modeling for its Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada. The updated model will incorporate new data from the company’s 2024 and spring 2025 core drilling campaigns. RESPEC will revise the database used in the Technical Report for the project, which was originally dated March 14, 2023, amended on February 4, 2025, and authored by Jeffrey M. Bickel, C.P.G., and W. Joseph Schlitt, PhD, QP.

The 2025 drilling campaign was Giant Mining’s most technically advanced to date. Seven core holes, MHB-30 through MHB-36, were completed in 2024 and 2025, totaling 7,370.5 feet. Of particular note, core hole MHB-36 was added mid-season based on AI-assisted geophysical modeling and confirmed new mineralization beyond previously identified zones. CEO David Greenway stated in the company announcement, “This AI-targeted hole intersected promising mineralization and marks a significant step-out from previously identified zones, indicating the potential for a new discovery.”

Notable assay results from the drilling include hole MHB-30 drilled in 2024, which yielded 218 feet grading 1.35% copper and 73.4 grams per tonne silver, including a 74-foot section at 2.6% copper. Hole MHB-32 drilled in 2025 returned a broader mineralized interval of 379.5 feet at 0.33% copper and 16.97 grams per tonne silver, with a higher-grade zone of 10 feet at 4.36% copper and 35.65 grams per tonne silver. Hole MHB-34 reached a depth of 1,963 feet and encountered native copper at the lower intervals, suggesting proximity to a deeper porphyry-style system. 

“A looming semiconductor material shortage could magnify these challenges, as demand for ultra-pure copper outpaces current refining capacity.” — Kirsteen Mackay for Value The Markets

All drill cores were logged and sampled at the company’s facility in Elko, Nevada, and sent to ALS Labs for geochemical analysis. The drill data will contribute to RESPEC’s revised geological model and support future technical studies, including potential mineral resource estimates.

The Majuba Hill project is located in a well-established mining jurisdiction and benefits from proximity to infrastructure, including roads, power, and water. Cumulatively, the project has seen approximately 89,395 feet of drilling. Historical production from Majuba Hill includes 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold.

Copper Sector Spotlight: Market Tightness and Material Demands Intensify

Copper’s role in high-technology and industrial applications continued to draw attention in early June as multiple indicators pointed to a tightening global supply environment and rising demand complexity. According to a June 4 report by IndexBox, the European Union’s refined copper market was projected to reach a volume of 2.5 million tons and a value of US$25.2 billion by 2035. The region saw 2.3 million tons of refined copper consumed in 2024, with demand climbing 4.9% from the previous year. Italy, Spain, and Germany accounted for nearly half of that consumption. In value terms, Italy led with US$4.7 billion, followed by Spain and Germany. IndexBox noted that “Sweden, with a CAGR of +15.4%, recorded the highest rates of growth with regard to market size among the main consuming countries.”

The supply side, however, showed signs of stress. On June 6, Finimize reported that the London Metal Exchange (LME) experienced a shift from copper discounts to premiums, with spot prices reaching US$75 per ton over futures contracts. This backwardation suggested a possible supply gap, as LME warehouse stocks were halved since February, falling to 132,400 tons. The report added, “Copper’s bright future dims,” referencing the combined effect of mine disruptions and copper diversions toward US markets.

A June 9 article by Kirsteen Mackay for Value The Markets highlighted the increasing importance of ultra-pure copper in semiconductor production. As chipmakers advance toward more compact architectures, copper interconnects have approached their physical limits. Mackay wrote that “a looming semiconductor material shortage could magnify these challenges, as demand for ultra-pure copper outpaces current refining capacity.”

The article also explained that the pressure on copper extends beyond volume. As chip architectures shrink, copper wires only a few atoms thick must maintain conductivity, heat resistance, and structural integrity. Although materials like cobalt and ruthenium were under investigation, “copper remained the standard for now.” Analysts have raised concerns about the mismatch between the quantity and the quality of available copper. As Mackay observed, “Even when copper supply grows, not all of it meets the semiconductor industry’s standards.” She emphasized that this disconnect could pose material challenges to fabrication timelines and costs.

Analyst Highlights Strength in Technical Setup and Project Potential

Giant Mining Corp. received a favorable assessment in a contributed independent opinion published by technical analyst Clive Maund on June 7. According to Maund, the company was “rapidly advancing its highly prospective Majuba Hill copper-gold-silver property in Nevada,” and he described the project as being “uniquely positioned to contribute to America's clean energy transition and critical minerals independence.” Maund emphasized the strength of the Spring 2025 drill program and cited management’s confidence following the completion of hole MHB-34. In the words of CEO David Greenway, “In my entire career, I've never seen drill core like this… The presence of visible native copper beyond 1,850 feet, alongside cuprite and chalcopyrite, is a powerful indicator of the scale and strength of the mineralized system at Majuba Hill.”

Maund also highlighted the company's infrastructure advantage, noting that its Nevada location benefits from access to roads, power, and water, which could support development. He pointed to “impressive grades” encountered during the 2024 drilling campaign and described the geology as supportive of a larger discovery. In his technical commentary, Maund interpreted recent trading patterns as indicative of accumulation. He wrote that Giant Mining’s stock had formed “a large bullish Cup & Handle base,” suggesting that the price action and volume trends aligned with a setup for future gains. He added that “the heavy volume over the past month or so… is characteristic of an intermediate base,” and stated that the chart “looks ready to break out into a major new bull market.”

Based on his analysis, Maund rated the stock “a strong buy for all time horizons” and listed a series of price objectives, beginning with CA$0.60 and ranging as high as CA$2.00. These targets reflected his view of the technical potential following what he described as a long and severe bear market. Maund concluded that the share structure, recent drilling progress, and location within a top-tier mining jurisdiction all contributed to the company’s investment appeal.

Unlocking Majuba’s Full Potential: What's Next for Giant Mining

Giant Mining’s 2025 investor presentation outlines the strategic importance of Majuba Hill in the broader context of rising copper demand, particularly from electric vehicles and clean energy infrastructure. The company’s targeted drilling program is designed not only to expand known zones of mineralization but also to test new high-priority anomalies generated by proprietary AI modeling software. One such anomaly, located in the southern sector of the project area, was the focus of hole MHB-36, which successfully encountered disseminated chalcopyrite mineralization at depth.

The updated drill target modeling work for MHB-26 being carried out by RESPEC represents a key step toward a new mineral resource estimate. This milestone could reposition Majuba Hill as a more advanced copper asset within Nevada, a state ranked among the top global mining jurisdictions. According to the company’s materials, the current 9,684-acre property has shown potential for expansion in all directions, supported by induced polarization (IP) surveys and step-out drilling results.

In addition to ongoing development at Majuba Hill, Giant Mining maintains a 20% interest in the Friday Gold Project, located near Elk City in central Idaho’s historic Orogrande mining district. The project lies within a prolific gold-bearing region known for its past-producing underground mines and placer operations dating back to the early 1900s. The Friday deposit, situated along the Orogrande Shear Zone, is characterized by a structurally controlled gold system with strong potential for underground and near-surface resource expansion.

The project hosts a historical NI 43-101 compliant resource of approximately 1.237 million ounces of gold and has seen prior development including a fully constructed decline, processing infrastructure, and permitting groundwork. However, the Friday project represents a non-core but potentially valuable gold asset within Giant Mining’s broader portfolio, which remains primarily focused on advancing its flagship Majuba Hill copper-silver-gold project in Nevada. Giant Mining’s exploration and development efforts are fully funded through the next phase, according to the company’s June 2025 investor materials. The company’s share structure includes 76,694,097 issued and outstanding shares, with a fully diluted count of 116,145,962 as of June 2, 2025. The share price on that date was US$0.21.

With copper playing a critical role in electrification and global decarbonization, Majuba Hill’s ongoing development positions Giant Mining to potentially contribute to future copper supply in a secure and infrastructure-ready location.

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 June 6, 2025, Giant Mining Corp. has a market capitalization of approximately CA$16.11 million, based on a closing share price of CA$0.21.  

The company's current share structure includes 76,694,097shares 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. 

The company's Warrants are traded on the Canadian Securities Exchange (CSE) under the ticker BFG.WT.A and BFG.WT.B.