Explorer Finds Excellent Copper-Gold Potential in Nevada

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* Disclosure for the quote from the Clive Maund article published on June 9, 2025

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After encouraging high-grade copper results from its 2024-2025 core drilling campaign, Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced it is expanding its baseline exploration program at its Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada.

The latest drilling validated the presence of substantial high-grade copper deposits, particularly with core holes MHB-30 and MHB-32 delivering notably encouraging results, the company said. These findings, along with comprehensive geological analyses of porphyry-related magmatic hydrothermal breccias and ExploreTech's artificial intelligence (AI)-enhanced geophysical modeling, have prompted Giant to fast-track and broaden its exploration efforts at Majuba Hill.

"The 2025 drill program at Majuba Hill has been our most ambitious and technically advanced to date," Chief Executive Officer David Greenway said. "The consistency and predictability of results from our focused drilling campaigns have strengthened the technical team's confidence in advancing Majuba as the next significant copper discovery in Nevada, with the potential to support a future mineral resource estimate."

Although the company was still awaiting assay results from Phase 1 of 2025 drilling, visual core assessments and in-depth evaluations of the 2024 cores have already established a strong basis for strategizing Phase 2, which is anticipated to occur in Q3 or Q4 of 2025.

Both MHB-30 and MHB-32 intersected high-grade copper within tourmaline-matrix breccia zones linked to porphyry systems, further substantiating the likelihood of a substantial mineralized system both at depth and across the project's expanse.

Working Toward Preliminary MRE

Giant Mining said it has gathered a comprehensive array of surface geological and geophysical data at Majuba Hill, which has now been seamlessly integrated into an AI-enhanced modeling framework crafted by ExploreTech. Building on this, the company is launching Phase 2 of its assessment, merging sophisticated machine-learning insights with a focused, hands-on program for breccia mapping and sampling in the Northern Zone Breccia Corridor.

The Northern Zone contains porphyry-related magmatic-hydrothermal breccias that showcase numerous geological characteristics observed in our drilling efforts for 2024 and 2025, Giant said. Historical surface geochemical analyses from this region indicate significant anomalies in copper, silver, molybdenum, and tin, further underscoring its promise as a high-priority exploration site.

Technical Analyst Clive Maund rated the stock "a Strong Buy for all time horizons." 

Throughout 2024 and 2025, the company said it completed seven core drill holes (MHB-30 through MHB-36), amounting to a total of 2,246.53 meters of drilling. With this addition, the cumulative drilling at the Majuba Hill Project reaches 27,247.5 meters, notably refining the geological model and deepening the company's comprehension of the mineralization system.

The principal aim of the 2024–2025 core drilling program was to perform step-out drilling from established copper-rich areas, broadening the mineralized footprint and progressing the project towards the initiation of a preliminary mineral resource estimate.

The company said its 2025 drilling campaign was its most technically advanced to date at the project, which 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.

Giant said 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.

Updated drill target modeling incorporating MHB-30 to MHB-36 represents a key step toward a completing a 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.

Technical Analyst: A 'Strong Buy'

*Giant received a favorable assessment in a contributed independent opinion published by Technical Analyst Clive Maund on June 9. 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.

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.

The Catalyst: Smelters Increasingly Desperate

Copper smelters are increasingly desperate to secure raw materials, prompting them to pay miners for converting their concentrates into refined metal, Andy Home reported on June 20 for Reuters.

Typically, treatment and refining fees represent a vital revenue stream for copper smelters. However, these spot charges have been negative since the beginning of the year, and recent mid-year negotiations have also commenced with unfavorable figures.

Low treatment fees contribute to the persistent bullish narrative surrounding copper, which often highlights insufficient mine supply, Home reported. Yet, the recent collapse in processing costs can be attributed to excessive demand driven by an influx of new smelters.

This imbalance appears unsustainable, especially if smelters agree to negative charges during mid-year negotiations, which establish prices for significantly greater volumes than those seen in the spot market.

At the same time, the copper industry's inclination to price concentrates on an annual or semi-annual basis also poses sustainability challenges, according to Home.

According to the International Energy Agency, demand for copper is expected to increase by almost double between 2010 and 2050, and supply from announced projects will quickly shrink between 2025 and 2040.

Copper is critical to the energy transition, according to FastMarkets, with as much as four times the amount of the metal needed for electric vehicles (EVs). It is already used widely in electrical cabling applications, and the greater need for wiring in renewable electricity generation will add to consumption from other traditional sectors.

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 23, 2025, Giant Mining Corp. has a market capitalization of approximately CA$19.27 million.

The company's current share structure includes 77,106,097 shares issued and outstanding, 35,609,865 warrants, 850,000 options, and 375,000 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.