Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has continued its 2025 exploration efforts at the Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada, with diamond core drill hole MHB-32 now surpassing a depth of 800 feet (243.8 meters). MHB-32 is the first of four holes planned under the company's current core drilling campaign. According to Giant Mining, the purpose of this hole is to expand the known zones of copper mineralization and contribute to a future National Instrument 43-101 (NI 43-101) compliant Mineral Resource Estimate (MRE).
Drilled by Big Sky Exploration LLC and logged by Giant Mining's geological team, core samples from MHB-32 are being transported to a secure warehouse in Elko, Nevada, for further analysis. These samples will undergo detailed lithological and structural logging before being sent to ALS Group USA's lab in Elko for assay. ALS will conduct assays for copper, silver, gold, and a suite of additional elements using industry-standard techniques, including fire assay and four-acid digestion with ICP-AES detection.
Commenting on the progress, CEO David Greenway stated, "We are pleased with the steady progress of our drilling operations at Majuba Hill, a crucial step towards advancing the project toward a new NI 43-101 mineral resource estimate." He also noted that with copper, gold, and silver recently trading above US$5.25/lb, US$3,100/oz, and US$35/oz, respectively, the potential in-situ value of the deposit continues to increase.
The current drilling effort builds on results from the 2024 program, where holes MHB-30 and MHB-31 intersected high-grade copper mineralization. Senior Consulting Geologist E.L. "Buster" Hunsaker added in the news release, "The upper portion of MHB-32 is encouraging. This hole is targeting the magmatic-hydrothermal breccia bodies intersected in 2024, and we anticipate that it will further delineate the mineralized zone and potentially confirm deeper extensions."
The Majuba Hill project spans 9,684 acres and benefits from established infrastructure, including road access, water availability, and proximity to Nevada's mining hubs. Historical production data indicates the site previously yielded 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold. To date, more than 83,930 feet of drilling has been completed, with a reported replacement cost of approximately US$10.4 million.
Giant Mining has implemented a quality assurance and quality control (QA/QC) program that is aligned with industry standards. All drill samples are logged, sawn, and shipped under a chain-of-custody protocol. Approximately 10% of samples are duplicates or reference standards, and the remaining pulps are retained for future metallurgical testing.
Supply Pressures and Tariff Tensions Reshape the U.S. Copper Market
Ongoing developments in U.S. trade policy and long-standing structural challenges have reshaped the outlook for the copper sector. On March 26, Reuters reported that Goldman Sachs maintained its copper price forecasts and expected U.S. tariffs on copper imports to prevent a domestic oversupply in the third quarter. Goldman projected that U.S. copper stocks would decline by 30,000 to 40,000 tonnes per month from mid-to-late Q2, driven by import constraints. "Thus, we avoid a stock glut in the U.S. in Q3 2025, when we expect global copper market tightness to be most pronounced," the bank stated.
Technical Analyst Clive Maund concluded that this presented "an excellent time to buy Giant Mining or add to positions in it."
Techincal Analyst Clive Maund wrote on March 26 that copper prices had reached new all-time highs, propelled by demand for use in AI infrastructure, electric vehicles, solar power, and military applications — all amid stagnating global mine output. He observed that copper's long-term chart showed substantial room for growth, particularly relative to gold, indicating potential for "liftoff" from current levels.
In its March 29 newsletter, Pretiorates explained that copper was already trading more than 15% higher on COMEX than on the London Metal Exchange in anticipation of U.S. tariffs. The publication noted that "if Trump actually implements the threatened 25% import tariff. . . copper will soon be exactly 25% more expensive in the U.S.A." Pretiorates also highlighted structural delays in mine development, stating that "it now takes an average of 29 years from discovery to production of a new mine" in the United States, second only to Zambia.
A March 30 report from Ahead of the Herd emphasized the disconnect between rising domestic demand and limited U.S. production capacity. Imports now account for about half of U.S. copper usage, up from just 10% in 1995. The report stated that building new U.S. mines can take up to two decades, limiting the effectiveness of protectionist policies. "The United States is in no position to set up a protectionist barrier against copper imports," wrote Richard Mills, who added that copper prices would remain elevated due to "increasing demand for electricity and supply challenges."
According to the Ahead of the Herd report, the U.S. copper supply chain faces regulatory bottlenecks across its four key stages. The outlet quoted Marc L. Bush, who wrote for The Hill, "Trump is right to target copper as a national priority, but he's going about it the wrong way." Bush concluded that the proposed tariffs "will put America last, not first," given the country's dependence on imports and limited refining capacity.
Giants Advances Toward Resource Definition
Giant Mining's 2025 Core Program marks a pivotal step toward establishing a formal resource estimate at the Majuba Hill Copper Property. The company has planned four diamond drill holes totaling approximately 4,400 feet (1,340 meters), aimed at building on prior campaigns that identified high-grade zones and expanding the footprint of mineralization.
According to its March 2025 investor presentation, Giant Mining is targeting a potential transition from exploration to resource delineation, supported by promising geological indicators such as exposed oxide copper near the surface and signs of a deeper sulfide system. The 2025 program is specifically focused on confirming extensions to the high-grade breccia zones encountered in 2024 and refining the geological model for the site.
The Majuba Hill project is positioned within Nevada, a jurisdiction ranked #1 in the Fraser Institute's 2022 Annual Survey of Mining Companies. Infrastructure advantages, such as its proximity to a primary electric substation and access to roads and skilled labor, are expected to support future development activities with fewer logistical barriers.
The company is fully funded for its 2025 exploration campaign, providing financial flexibility to complete the planned work and analyze the resulting data. Continued drill results and geological findings will be key indicators of progress as Giant Mining seeks to elevate Majuba Hill to a more advanced stage of development.
Technical Analyst Shares Positive Outlook on Giant Mining Corp.
On March 5, Technical Analyst Clive Maund issued a favorable assessment of Giant Mining Corp., emphasizing its technical setup and the broader industry environment. Maund stated that the company had completed a "big Cup & Handle base pattern" and noted that trading volume supported the pattern's bullish implications. According to Maund, "the strong volume on the rally to complete the right side of the Cup" indicated a genuine reversal pattern and suggested that investors had recognized the company was "turning the corner."
Maund highlighted that a confluence of technical factors had positioned the company's stock for a potential breakout, particularly as moving averages converged. He explained that "another upleg from here will quickly result in a bullish cross of the moving averages," which would confirm the start of what he described as "an important new bull market."
In addition to the chart-based analysis, Maund cited external catalysts, particularly U.S. tariff policy, as a supportive force for domestic copper-focused firms. He wrote that "the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining… more important" had begun to influence market sentiment and investor interest.
Streetwise Ownership Overview*
Giant Mining Corp. (CSE: BFG;OTC:BFGFF;FWB:YW5)
Maund also emphasized the company's longer-term valuation context, pointing out that Giant Mining had previously traded at significantly higher levels. He stated, "as recently as early 2023 it was trading at over CA$4.00 and if you go back further you will find that it was trading as high as CA$140 early in 2021." He concluded that this presented "an excellent time to buy Giant Mining or add to positions in it."
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.
Giant Mining Corp. has a market capitalization of approximately CA$29.56 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.
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- Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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