Drilling Set to Begin at Majuba Hill in Nevada with Deeper Targets in Sight

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has confirmed that Big Sky Exploration, LLC will commence diamond core drilling at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada, on or about March 24, 2025. The planned drilling program will target four core holes totaling 4,400 feet (1,340 meters) within the existing exploration area, with a minimum of 2,600 feet set for completion. The contract allows for flexibility, enabling drill depths to extend beyond the initial target of 1,100 feet (335 meters) per hole, up to 1,600 feet (487 meters), if mineralization is encountered.

The program will use a track-mounted LF90D surface diamond coring drill, selected for its adaptability to the site's conditions. The LF90D has a depth capacity of up to 3,915 feet (1,193 meters), providing the ability to reach deeper mineralized zones.

David Greenway, CEO of Giant Mining, expressed confidence in the upcoming drilling campaign in the news release. "We now have a firm start date to commence drilling in Majuba Hill, Nevada. We look forward to an exciting 2025 following our best results to date in 2024," he stated. "The company is fully funded for an active year of exploration and development drilling, and the entire Giant Mining team has a mandate of making 2025 Giant Mining's most productive year yet."

The drill program is focused on expanding known mineralization in the Southern Breccia Corridor, particularly targeting deeper sections of high-grade copper zones below historical underground workings. It follows up on results from previous drilling, including holes MHB-30 and MHB-31.

Majuba Hill is a historically productive copper, silver, and gold project with characteristics common to large porphyry systems. The deposit has been subject to multiple drilling campaigns, with over 82,614 feet of drilling completed to date. The estimated replacement cost of prior drilling and development work at the project is approximately US$10.4 million.

The property spans 9,684 acres and is situated 70 miles southwest of Winnemucca, Nevada. It is accessible via well-maintained roads from Interstate 80 and has access to power and water infrastructure. Nevada is consistently ranked as one of the most favorable mining jurisdictions, providing a stable regulatory environment for continued resource development.

Copper Sector: Balancing Demand Growth and Supply Constraints

On February 4, John Newell noted that the junior mining sector, including early-stage copper exploration, was showing signs of a potential breakout. He observed that after years of weak investor sentiment and liquidity challenges, capital was beginning to return to exploration-stage firms. This shift, he suggested, could lead to better financing opportunities and renewed interest in securing future copper supply.

Writing on February 8, Richard Mills on Ahead of the Herd highlighted copper's growing role in electrification, stating that 65% of global copper demand stemmed from electrical applications, with renewable energy and EV demand projected to reach 61% by 2040. He cited BloombergNEF, which reported that global investment in the energy transition had reached US$1.8 trillion in 2023, far surpassing fossil fuel investments. Mills emphasized that power grid upgrades alone could require 427 million tonnes of copper by 2050, intensifying the sector's long-term supply challenges.

In a February 10 article, Kitco reported that global copper demand was projected to increase 70% by 2050, reaching 50 million tonnes annually. According to BHP, the energy transition sector's share of copper demand was expected to rise from 7% to 23%, while digital infrastructure, including AI-driven data centers and 5G networks, was forecast to grow from 1% to 6%. Meanwhile, transportation demand for copper was set to double, reaching 20% by 2040 due to the expansion of electric vehicles. However, BHP also highlighted challenges on the supply side, noting that copper mine grades had declined by 40% since 1991 and that between one-third and one-half of the global copper supply would face grade depletion and aging infrastructure in the next decade.

On February 19, EY reported that copper companies were ramping up exploration and production efforts to address a looming supply gap. Despite exploration budgets reaching a decade high of US$3.2 billion in 2024, the sector continued to struggle with longer development timelines, declining ore quality, and rising discovery costs. EY also noted that while Latin America remained the dominant region for copper exploration, accounting for 44% of global budgets, grassroots exploration efforts had declined, shifting the focus to proven deposits.

Mergers and acquisitions played a crucial role in securing copper production. EY reported that while the number of copper-sector deals increased from 36 in 2023 to 38 in 2024, total deal value dropped 34% to US$7.7 billion. The Americas, particularly Chile, Peru, and Canada, remained central to M&A activity, with three major deals totaling US$3.5 billion aimed at boosting production and optimizing infrastructure. EY also highlighted a trend toward portfolio optimization, with companies refining their assets and forming strategic partnerships.

On February 25, the AP reported that President Trump directed the government to consider tariffs on copper imports, citing national security concerns. White House trade adviser Peter Navarro framed the move as an effort to counter China's expanding copper sector and revitalize domestic copper mining, smelting, and refining. The U.S. ran a US$1.7 billion copper trade surplus in 2024, but administration officials expressed concerns about future supply-demand imbalances. If enacted, tariffs could disrupt copper trade flows, particularly with Canada and Mexico, which together supplied a significant portion of U.S. copper imports.

Also, on February 25, an article from The New York Times reported on President Trump's announcement of an inquiry that could lead to tariffs on copper. The President has directed the Commerce Department to investigate imposing tariffs on copper imports, aiming to bolster domestic production for national security. This move could affect trade relations with major suppliers like Canada, Mexico, Chile, and Peru. The U.S. currently imports about 45% of its copper and this move aims to bolster domestic production critical for military hardware and technology.

Giant Mining Corp. Advances Majuba Hill Amid Surging Copper Demand

Giant Mining Corp. has positioned Majuba Hill as a strategic copper asset amid rising global demand, particularly within the electric vehicle (EV) and renewable energy sectors. Copper is a key component in EV batteries, wiring, and infrastructure, with global demand expected to increase as electrification trends accelerate.

The company's investor materials highlight the project's expansion potential, with mineralization open in multiple directions. Recent geophysical surveys, including Induced Polarization (IP) studies and step-out drilling, suggest additional exploration upside beyond the currently defined zones.

The upcoming 2025 drill campaign is a key step in advancing Majuba Hill toward a larger-scale resource definition. By focusing on deeper breccia-hosted mineralization, the program aims to build upon prior high-grade copper intersections and expand the known resource footprint.

With secured funding for the 2025 drilling season, Giant Mining Corp. enters the year with a fully financed exploration plan. The flexibility built into the drilling contract allows the company to extend drilling at favorable targets, optimizing results based on ongoing fieldwork.

As exploration continues, Giant Mining will provide further updates on drilling progress and results, offering insight into the potential scale of the Majuba Hill deposit.

Third-Party Expert Analysis Highlights Strong Growth Potential for Giant Mining Corp.

According to John Newell of John Newell & Associates in a January 13 report, Majuba Hill stands out as a promising copper asset, benefiting from both high-grade mineralization and strong exploration results. He highlighted the project's dual oxide and sulfide copper systems and noted that recent drill results, such as 66.4 meters at 1.35% copper, demonstrate the site's potential. Newell also pointed to the company's ongoing drilling program and its ability to define a maiden resource estimate in 2025 as key catalysts.

He stated that "Giant Mining's systematic approach to exploration, coupled with its focus on high-grade copper assets, positions it as a standout player in the junior mining space." He also cited the growing demand for copper in electric vehicles and renewable energy as a favorable macroeconomic factor that could further enhance the company's value.

Also, on January 13, Technical Analyst Clive Maund provided a bullish outlook on Giant Mining, rating the company a Strong Buy across all time horizons. He observed that the company's stock appears to be forming a breakout pattern, supported by increasing trading volume and accumulation. Maund noted that "Giant Mining is now beginning the process of breaking out of a low base pattern, with volume indications suggesting that a major bull market is ahead." He pointed to the company's recent financing success, which secures the 2025 drill program, as a key development that positions it for future growth. Additionally, Maund cited CEO David Greenway's confidence in copper's price trajectory, stating that industry insiders foresee a "breakout year for copper, with potential for $5-plus per pound on the horizon."

Ownership and Share Structure

According to Giant Mining Corp., approximately 14.8% 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$17.85 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.