Drill Results Could Signal Big Copper Breakthrough

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has submitted all core from its recently completed hole MHB-34 to ALS Global Services for analysis. Drilled to a depth of 1,963 feet, this hole was part of the company’s 2025 Spring Drill Program at the Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada.

Hole MHB-34 is the third of five drill holes planned in the 2025 campaign and follows results from hole MHB-32, which intersected 169.5 feet of 0.41% copper, including higher-grade zones of 40 feet at 1.36% copper and 10 feet at 4.36% copper. According to the company, “Visible native copper observed beyond 1,850 feet signals scale and strength at Majuba Hill,” while the persistent presence of native copper, cuprite, and chalcopyrite throughout the lower core section suggests proximity to a primary copper sulfide zone.

The Majuba Hill property spans 9,684 acres and is located in a region ranked as the top global mining jurisdiction by the Fraser Institute in 2022. With over 89,000 feet of drilling conducted to date, the project's cumulative replacement value of drill work stands at approximately US$12.1 million based on current costs.

Infrastructure access remains a notable strength of the project, with county roads linking it to U.S. Interstate 80, and proximity to key mining hubs including Winnemucca and Reno. In the news announcement, the company noted that “Majuba Hill already has a solid infrastructure foundation for building a large facility which will provide significant savings compared to more remote projects.”

All drill samples follow a detailed QA/QC protocol. Core is sawed lengthwise, with samples sent from the company’s secure warehouse to ALS Labs in Elko, Nevada. ALS Labs then transports the samples to its North Vancouver location for multi-element analysis using both fire assay and four-acid digestion methods. Approximately 5% of all samples include duplicates and industry-standard reference materials.

Copper Sector Outlook: Supply Pressures, Global Demand, and Strategic Shifts

According to a May 21 article by The Guardian, the International Energy Agency (IEA) projected that copper supply would fall 30% short of demand by 2035 if corrective action was not taken. Fatih Birol, the IEA’s executive director, stated, “This will be a major challenge. It’s time to sound the alarm.” He emphasized the need for increased refining by developed countries and international cooperation with resource-rich regions such as Africa and Latin America. Birol noted that copper is a “key component of every form of electrical energy system at present” and warned that delays in addressing the shortfall could raise the cost of the green transition significantly.

The same article reported that, on average, it takes 17 years from the discovery of new copper deposits to commercial production. Birol argued that “[a supply crunch] is not inevitable” and said the gap could be mitigated by accelerating new projects, recycling, and strategic substitution with other metals such as aluminum.

On May 22, Michael Ball of Bloomberg reported that copper was expected to return to its longer-term upward trajectory, citing global electrification needs and improving macroeconomic signals from China. According to Ball, “the COMEX-LME copper spread has significantly declined following the trade war de-escalation,” and China’s copper demand had risen 6% year-to-date driven by energy infrastructure, electric vehicles, and manufacturing activity. He added that “a chronic underinvestment in new mines globally” had contributed to expectations of a future supply shortfall, reinforcing copper’s tight market fundamentals.

Earlier, on May 27, Stockhead News highlighted a market reaction to mine disruptions, which drove investor interest in copper stocks. The article noted that Canadian mining company Ivanhoe Mines temporarily shut down operations at a major Congo mine due to seismic activity, triggering gains across the copper sector. Stockhead reported that “Capstone Copper Corp jumped 6.5% and Sandfire Resources added 2.5%” in response to the news, illustrating how sensitive the copper market remains to supply interruptions.

Technical Indicators Suggest Support for Giant Mining Corp.

On May 2, technical analyst Clive Maund shared his outlook on Giant Mining Corp. in a contributed article for Streetwise Reports, pointing to what he described as a favorable chart setup. Maund noted that the company’s share price was nearing a strong historical support level, aligning with cyclical lows from November and December. He wrote, “It is thus at a very point to buy as it is expected to form a Double Bottom with its November and December lows and reverse to the upside.”

Maund’s analysis referenced Giant Mining’s flagship Majuba Hill Project in Nevada, emphasizing its exposure to copper, gold, and silver. He cited the project’s location advantages, stating it featured key infrastructure such as road access, power, and water. These factors, he argued, could help reduce development costs. Maund also mentioned the area’s historical production, which included 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold.

In his technical review, Maund pointed to a five-year stock chart showing what he called a “massive volume buildup of recent months.” He interpreted the increased trading activity as a sign of stock rotation from short-term holders to longer-term investors. “The massive volume of recent months indicates a lot of rotation of stock from weaker to stronger hands, which is bullish,” he stated. Additional indicators, such as a potential Saucer bottom pattern and an oversold reading on the Relative Strength Index (RSI), were also viewed as supportive of a possible reversal.

Maund concluded that while the stock had shown prior volatility, the combination of technical signals and ongoing developments at Majuba Hill suggested potential for upward movement. He added, “If favorable [drill results] they could, of course, get the stock moving higher.”

Copper Potential in Clean Energy Transition

The Majuba Hill project aligns with broader copper demand trends driven by the electric vehicle and renewable energy sectors. According to the company’s investor materials, electric vehicles require nearly 183 pounds of copper per unit, compared to significantly lower levels in conventional vehicles. The current copper price is approximately US$4.33 per pound.

Giant Mining’s 2025 exploration strategy centers on advancing Majuba Hill toward a potential new mineral resource estimate. As outlined in the company’s investor presentation, the program includes 4,400 feet of planned core drilling across five holes, with flexibility to expand the program based on results. The MHB-34 hole was drilled to expand the known copper-bearing zones, and its observed mineralization is expected to inform the broader geological model.

The drill campaign also includes MHB-36, a hole designed using proprietary AI-assisted geophysical modeling to test a southern resistivity anomaly. This technology-driven approach reflects the company's integration of modern exploration tools to delineate deeper and more complex mineralized systems.

With results from MHB-32 already demonstrating high-grade copper intersections and assays from MHB-34 pending, Giant Mining appears positioned to refine its geological model and potentially upgrade its understanding of the Majuba Hill system. According to the presentation, the company also remains fully funded for the 2025 program, enabling consistent progress without the need for immediate additional financing.

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 May 21, 2025, Giant Mining Corp. has a market capitalization of approximately CA$18.29 million, based on a closing share price of CA$0.245. 

The company's current share structure includes 74,664,097 shares 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.