High-Grade Copper and Silver Mineralization at Nevada's Majuba Hill Sparks Drilling Expansion
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced a four-hole core drilling program at its Majuba Hill Copper-Silver Deposit in Pershing County, Nevada. Read more about the promising results and plans to expand high-grade copper and silver resources in this strategic Nevada project.
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced a four-hole core drilling program at its Majuba Hill Copper-Silver Deposit in Pershing County, Nevada. This program aims to build on promising results from a previous drill hole, MHB-30, which intersected high-grade copper-silver mineralization from surface to a depth of 218 feet (66.4 meters). The highlight of MHB-30 includes an interval of 74 feet (22.6 meters) with 2.6% copper (Cu) and 30.1 grams per tonne (g/t) silver (Ag), returning a copper equivalent (CuEq) grade of 2.9% over the same interval.
Drilling will target the Southern Breccia Corridor, focusing on the deeper portions of mineralized breccia zones and extending the high-grade copper areas below historic underground workings. This follows the company's strategy to further define and expand the mineral resources in an area characterized by magmatic-hydrothermal breccia corridors.
The company has emphasized its robust quality assurance and control (QA/QC) protocols, including using industry-standard methods for sample preparation and analysis. Assays will be conducted by ALS Labs, with approximately 10% of samples submitted as duplicates or standards to ensure reliability.
CEO David Greenway stated in the news release, "We are excited to follow up on the exceptional results from MHB-30, which exceeded our expectations. The Majuba Hill Project continues to demonstrate significant potential as we work toward establishing its long-term value."
Majuba Hill has historically produced copper, silver, and gold, and recent exploration efforts aim to uncover its broader resource potential. Giant Mining intends to expand its exploration programs, underpinned by supportive infrastructure and Nevada's mining-friendly regulatory environment.
Why Copper and Silver Mining?
The importance of silver as a critical material was highlighted in a 2023 report from the Hunan Geological Survey, which referred to silver as "indispensable" due to its unparalleled electrical conductivity, thermal conductivity, and reflectivity. Silver has been noted as essential to modern technologies and national defense.
Ron Struthers of Struthers Resource Stock Report described the company's valuation as "ridiculously cheap" at US$4.2 million, considering the strength of the project.Despite this, the U.S. Department of Energy's 2023 Critical Materials Assessment omitted silver from its list of high-risk materials, raising concerns about a lack of preparedness for persistent global shortages. According to Silverwars.com, the scarcity of silver has been a "persistent global problem." It is a situation that has not changed significantly since earlier forecasts predicted resource exhaustion within decades.
On December 3, Mining.com reported on the increasing importance of copper within the global trade landscape. The site paid particular attention to the sector in light of potential trade disruptions tied to new tariffs. Copper is integral to numerous sectors, including automotive manufacturing, where it plays a critical role in wiring and electronics. The U.S. remains a significant player in global copper imports, sourcing refined copper predominantly from Chile, Canada, and Peru. Benchmark Mineral Intelligence stated that "disruptions to copper supply could have many downstream effects," particularly given copper's use in renewable energy infrastructure and electric vehicles.
Also on December 3, Grist.com emphasized copper's pivotal role in the energy transition. The report noted its use in electricity networks, wind turbines, solar panels, and electric vehicles. Demand for copper is expected to nearly triple by 2040 as the clean energy sector expands. However, as ore grades have declined and accessible deposits have been exhausted, the industry is turning to innovative methods to extract copper from low-grade or difficult-to-process ores. These emerging technologies, such as heap leaching and electrochemical reductive leaching, aim to reduce pollution and improve extraction efficiency.
As stated by Jim Pew of Earthjustice in the article, "We're going to be using copper for a long time to come. We should be thinking how do we get that copper without these ancient technologies that pollute so much."
Giant's Strategic Developments and Growth Potential
Giant Mining Corp.'s new drilling program at Majuba Hill comes on the heels of a series of successful exploration campaigns that have progressively defined the deposit's potential. According to the company's October 2024 investor presentation, Majuba Hill is strategically positioned to capitalize on the growing demand for copper, driven by the electric vehicle (EV) market and renewable energy sectors. Copper's crucial role in EVs, requiring nearly 183 pounds per vehicle, underscores the economic significance of projects like Majuba Hill.
The project has benefited from ongoing investment in infrastructure, including road upgrades and nearby access to power, water, and skilled labor. Recent technical studies, such as the NI 43-101-compliant report completed in 2023, have outlined an exploration target of 50 to 100 million tonnes grading between 0.15% and 0.30% copper, with potential high-grade zones of up to 0.80% copper.
This drilling initiative follows previous results that confirmed near-surface high-grade copper and silver mineralization. By targeting deeper extensions of the mineralized zones, Giant Mining seeks to enhance resource confidence and expand the project's economic viability.
As stated in the investor presentation, "Majuba Hill is positioned to address the growing copper supply gap, offering the potential for large-scale resource development in a mining-friendly jurisdiction." The program is expected to provide critical data for resource modeling and advance the project toward feasibility studies.
Some Giant Analysis
*Ron Struthers of Struthers Resource Stock Report, writing on October 31, provided a positive outlook on Giant Mining Corp., noting the company's progress at the Majuba Hill copper-silver deposit in Nevada. He highlighted the high-grade copper and silver results from core hole MHB-30, stating that it intersected "218.0 feet (66.4 meters) of 1.35 percent copper and 73.4 grams per tonne silver, including 74.0 feet (22.6 meters) of 2.6 percent copper and 30.1 grams per tonne silver."
Streetwise Ownership Overview*
Giant Mining Corp. (BFG:CSE; BFGFF:OTC; YW5:FWB)
*Share Structureas of 5/23/2024Source: Giant Mining Corp.Struthers expressed optimism about the property's strong mineralized system, pointing to the potential similarity between the North and South targets. He described the company's valuation as "ridiculously cheap" at US$4.2 million, considering the strength of the project.
Struthers also mentioned that Giant Mining Corp. was advancing surface exploration to focus on high-grade breccia zones and preparing additional drilling, adding that "more good drill results" were expected from hole MHB-31. He recommended the stock as a Buy, stating, "Take advantage of the cheap prices on these stocks. In a year, we are going to look back and wish we had bought more."
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$3.6 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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Important Disclosures:
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. In addition, Giant Mining Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.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.For additional disclosures, please click here.
Disclosures for the quotes from the Ron Struthers newsletter published on October 31, 2024
Giant Mining Corp. is a paid advertiser at Playstocks.netAll forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.