Giant Mining (CSE:BFG) has announced its intention to apply for the listing of common share purchase warrants on the Canadian Securities Exchange (CSE). The company will seek approval to list a total of 15,455,000 Warrants, which were issued following a private placement of units that closed on May 1, 2024.

David Greenway, CEO of Giant Mining, commented in a press release: “We are pleased with the progress of our drilling program at Majuba Hill, particularly with assays still pending and a team that is fully engaged to take the Majuba Hill Deposit to the next level. We look forward to receiving the lab results from ALS Global Services, which will further our understanding of the deposit and its potential to become a future domestic supply of copper for North America.”

Each Warrant allows the holder to acquire one common share of Giant Mining at an exercise price of $0.25 per share before May 1, 2025. The company expects the Warrants to trade under the symbol BFG.WT. Additionally, the Warrants will be governed by a warrant indenture between Giant Mining and Endeavor Trust Corporation. The listing remains subject to approval from the CSE, and the company will release further details, including the trading date and CUSIP for the Warrants, once the CSE gives conditional approval. However, the listing may not occur as anticipated or at all, as it depends on regulatory approval.

Copper Drilling Program at Majuba Hill

In tandem with its warrant listing efforts, Giant Mining continues its exploration activities at the Majuba Hill Copper Deposit in Pershing County, Nevada. The company recently completed two major drill holes, MHB-30 and MHB-31, as part of its ongoing diamond core drilling program, targeting the area’s copper potential. Hole MHB-30 reached a depth of 800 feet (244 meters), while Hole MHB-31 extended to 1,086 feet (331 meters). The samples from MHB-30 have been sent to ALS Labs for assay analysis, with results pending.

The current diamond core drilling program is part of a broader multi-phase drilling initiative at Majuba Hill, which includes a 16-hole reverse circulation (RC) drilling phase. Giant Mining’s geological team has been reviewing the mineralization controls at the site, discovering significant magmatic-hydrothermal breccias that may help explain the copper concentrations in the area. Observations made during surface traverses and in the underground workings revealed that these breccias could serve as key controls for high-grade copper deposits, particularly in zones with concentrations greater than 0.5% copper, as outlined in the company’s 2023 Block Model. Further, core drilling intersected magmatic-hydrothermal breccia bodies in both MHB-30 and MHB-31, reinforcing the company’s belief in the area’s mineral potential.

The company’s review of its drilling database, which includes nearly 25,000 meters of drill data from previous campaigns, supports an exploration target of 50,000,000 to 100,000,000 tonnes. This target aligns with estimates outlined in Giant Mining’s National Instrument 43-101 (NI 43-101) Technical Report, which provides a comprehensive assessment of the Majuba Hill Project.

Giant Mining Corp. focuses on acquiring and developing late-stage copper, silver, and gold assets to meet the growing global demand for these metals. As the world transitions toward more sustainable energy solutions, demand for copper, in particular, has increased due to its critical role in the production of electric vehicles and renewable energy infrastructure. Programs such as the Green New Deal in the United States and similar initiatives in other countries highlight the need for materials like copper to support green technology development.

Majuba Hill is Giant Mining’s flagship project and is located 156 miles outside of Reno, Nevada. The company has positioned itself to explore and develop assets in mining-friendly jurisdictions where regulatory frameworks support responsible mining activities. Giant Mining’s leadership remains focused on advancing Majuba Hill while exploring other opportunities in regions with favorable mining conditions.

Giant Mining (CSE:BFG) has successfully completed the second core drill hole, MHB-31, at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada. The hole, reaching a depth of 1,086 feet (331 meters), is part of the company’s ongoing diamond core drilling program aimed at refining the geological model of the Majuba Hill deposit.

David Greenway, CEO of Giant Mining, commented in a press release: “We are very pleased with the progress of our drilling program at Majuba Hill, particularly with the successful completion of MHB-31 at a depth of 1,086 feet. The drilling is proceeding exceptionally well, thanks to the drillers, the hard work and dedication of Buster and his geological team. We look forward to receiving the lab results from ALS Global Services, which will further our understanding of the deposit and its potential.”

MHB-31, drilled by Big Sky Exploration, LLC from Eureka, Nevada, has undergone preliminary logging, sampling, and tagging on-site. The downhole survey confirmed that the hole maintained the intended 310° azimuth and -50° inclination throughout its depth. This consistency is crucial for the accuracy of the data being gathered, which is central to the company’s efforts to enhance the precision of its resource evaluation.

The core samples from MHB-31 have been transported to Woods Process Services, LLC for sawing and processing. Subsequently, they were sent to ALS Global Services in Elko, Nevada, for a comprehensive laboratory analysis. These steps are part of Giant Mining’s broader strategy to collect high-quality data that will lead to a more precise understanding of the Majuba Hill deposit’s size, structure, and mineralization. This refined geological model is expected to improve the accuracy of mineralization grades and tonnage estimates, thus reducing uncertainties and strengthening confidence in the project’s potential.

The drill core samples are sawn in half lengthwise, with one half placed in labeled cloth sample bags for analysis. ALS Labs is tasked with analyzing the samples for copper, gold, silver, and 33 other elements. Gold is determined using the Au-AA23 method, which involves a fire assay with an AAS finish on a 30-gram split. Copper, silver, and the remaining elements are analyzed using the ME-ICP61 method, which involves a four-acid digestion and ICP-AES assay. Approximately 10% of the submitted samples include drill duplicates and copper-gold-porphyry commercial standard reference material pulps, ensuring the reliability of the analysis. The remaining pulps and sample rejects will be retrieved from ALS Labs for further review.