Advancing Copper Exploration in Nevada Amid Global Supply Constraints

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* Disclosures for the quotes from the Ron Struthers newsletter published on August 26, 2024

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced that they are advancing preparations for their upcoming drilling program at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada.

The company has been updating its 3D geological model, while compiling new data, and reviewing cross-sections to gain deeper insights into the subsurface geology.

Recently, the team reviewed close to 25,000 meters of drilling data from previous campaigns stored at their Elko, Nevada, offices. This extensive data set is important to Giant's Exploration Target, estimated at 50 to 100 million tonnes, as outlined in the NI 43-101 report on the Giant Mining website.

Metals and Mining Overview

Critical minerals in the metal and mining sector, such as nickel, copper, and cobalt, are undergoing a transformation, given the recent global push for clean energy technology. Giant Mining Corp.'s recent advancements at the Majuba Hill Porphyry Copper Deposit in Nevada showcase the overall industry's push to both innovate and scale sustainable operations.

According to an August 20 Forbes article, "The time is right to innovate and scale sustainable operations to support the global energy transition." This call coincides with Giant Mining's Majuba Hill (and all around) efforts to refine its geological model. This approach is hoped to position the company as a major contributor to the worldwide demand for copper. As a key material in electric vehicles and renewable energy infrastructure, copper production seems poised to play a major role in those technologies moving forward.

Politico reported on August 29 that the Biden administration is considering price support mechanisms to backstop critical minerals projects in the United States. The proposed measure seeks to bolster production in the U.S. and reassure investors leery of fluctuating global prices resulting from oversupply in China. These measures could benefit domestic companies like Giant Mining, which are advancing critical mineral projects necessary for financing and scaling their operations.

Mining.com highlighted on September 3, the urgency of addressing these supply chain vulnerabilities pointed out by Katusa, particularly in the critical minerals needed for the transition. The site quoted the International Energy Agency's estimate that an additional US$800 billion would be needed by 2040 in order to meet global climate targets. This is a major point when looking at the importance of Giant Mining's  efforts to optimize resources.

Giant's Catalysts

The recent completion of the 3D model and cross-section reviews is a critical phase in Giant Mining's strategy at Majuba Hill. ⁤CEO David Greenway emphasized the importance of this progress, stating in the news release, "The completion of our 3D modeling and cross-section reviews marks a pivotal step in our exploration strategy at Majuba Hill. ⁤⁤This groundwork is essential for guiding our upcoming drill program and optimizing resource development."

As pointed out in the company's investor presentation, Giant Mining has completed its drill programs spanning from 2020-2022. Moving forward, they state that "The 2024 exploration program has commenced with both RC and Core drilling." 

The progress Giant is making is supported by the results of an independent NI 43-101 Technical Report, which estimated a copper Exploration Target at Majuba Hill ranging from 50 million to 100 million tonnes, with grades between 0.15% Cu and 0.30% Cu. There is potential for a higher-grade zone with copper grades between 0.40% Cu and 0.80%. This anticipated find highlights the project's potential for significant resource discovery.

Majuba Hill's location is also a benefit. Strategically located in the north of Nevada, Majuba Hill Porphyry Copper Deposit in Pershing County not only has a solid infrastructure, with access roads, power, and nearby mining centers such as Elko, Reno, and Winnemucca. This infrastructure support, along with the well-placed location of the deposit, positions Giant for a future place in the expanding copper market.

Analysts Talk Giant

*In his August 26 Struthers Resource Stock Report, Ron Struthers commented on Giant's current results and future plans. Struthers suggested that future news could yield much more for investors to down the line.

Struthers said, "Speculation is building on Giant Mining Corp.'s drill results. Today the company reported the first drill hole MHB-30 is at the lab. . .there is a lot more drilling to come yet and assay results."

Ownership and Share Structure

According to Giant Mining Corp., approximately 18.6% of its shares are held by insiders. The remaining shares are held by retail investors.

Giant Mining Corp. has a market capitalization of approximately CA$39.65 million.

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.