Oleblue
2 days ago
GIANT MINING CORP. ENGAGES LEGARZA EXPLORATION FOR ROAD CONSTRUCTION AT MAJUBA HILL PORPHYRY COPPER DEPOSIT
VANCOUVER, BC — June 17, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce it has engaged Legarza Exploration (“Legarza”) to build new roads and drill sites at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Most of the proposed road work was approved as part of the Reclamation Cost Estimate by the State of Nevada, Department of Conservation & Natural Resources, with the Bureau of Mining Regulation and Reclamation (“BMRR”) which will provide safe and efficient access for exploration drill rigs to the in-fill and extension drill locations.
The Company is currently awaiting approval from the Winnemucca District Office of the Bureau of Land Management (“BLM”) on a small portion of the road described in an Amendment to the existing BLM Notice Level plan submitted in May 2024. Construction is proposed to begin on or about June 18th 2024.
David Greenway, President and CEO of Giant Mining Corp., stated, “We are excited to advance our operations at Majuba Hill with the construction of this new road. Engaging Legarza for this crucial infrastructure project underscores our commitment to ensuring safe and efficient access to our drilling sites. This development marks a significant step forward in our exploration and operational plans for the upcoming drill season.”
As previously announced in the May 30, 2024 news release (see News Release), the new road and site construction will partially support our drilling activities at Majuba Hill, including the proposed 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. Additionally, the Company plans to drill two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Figure 1: Planned Roads 2024
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
Stock Options and Restricted Stock Units
The Company announces that it has granted a total of 525,000 stock options (“Options”) to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company’s Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.75 per common share for a period of twelve months from the date of grant. All of the Options expire on June 16, 2025.
The Company announces it has granted 1,800,000 restricted stock units (“RSUs”) to officers, directors, employees, and consultants of the Company. The RSUs are valid for a term of one year and under the terms of the Company’s restricted share unit plan (the “RSU Plan”). All of the RSUs expire on June 16, 2025.
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Giant Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Giant Mining Corp. management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Copyright © 2024 Giant Mining Corp, All rights reserved.
https://giantminingcorp.com/news/giant-mining-corp-engages-legarza-exploration-for-road-construction-at-majuba-hill-porphyry-copper-deposit/
Oleblue
3 weeks ago
Giant Mining Corp. Receives Approval for Reclamation Cost Estimate from Nevada Department of Conservation & Natural Resources on the Flagship Majuba Hill Porphyry Copper Deposit, Nevada
VANCOUVER, BC — May 30, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the approval of its Reclamation Cost Estimate by the State of Nevada, Department of Conservation & Natural Resources, for the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”) a copper, silver, and gold project located in Pershing County, Nevada.
The completion of the Reclamation Permitting process with the Bureau of Mining Regulation and Reclamation (“BMRR”) provides Giant Mining approval of up to 25 acres disturbance. Payment of the $240,762.00 Reclamation Bond ensures that sufficient funds are available to complete reclamation activities on all disturbance on private land at the Majuba Hill Exploration Project.
With the reclamation bond in place, the Company anticipates a comprehensive drilling program that will incorporate the drill targeting results from the past three years of drilling. This includes approximately 3,900 meters (12,800 feet) of reverse circulation (RC) drilling in 16 drill holes and 488 meters (1,600 feet) of core drilling internal to the current exploration target. Two deep core holes are also being contemplated, each reaching a depth of up to 3,500 ft. (1,066m).
David Greenway, President, and CEO of Giant Mining Corp., stated, “The approval of our reclamation bond is a significant milestone for the Majuba Hill Exploration Project. It underscores our commitment to responsible mining practices and our dedication to environmental stewardship. We are excited to advance our exploration activities in one of Nevada’s most promising mining districts.”
The Company has drilled 19 RC holes totaling 4,601 meters (15,092 feet) and 10 core holes totaling 5,304 meters (17,405 feet) from 2020 to 2022. A total of 49 RC holes (8017.5 meters/ 26,604.1 feet) and 55 core holes (16,988.1 meters/ 55,735.2 feet) has been drilled at Majuba. 33 RC and 45 core holes for a total of 22,542.8 meters (73,967 feet) of drilling were NI43-101 compliant and could be used for the calculation of the Exploration Target in the 2023 NI43-101 report.
Exploration
As previously announced in a May 21, 2024 news release, an exploration corridor has been identified as a key focus area, integrating insights from both recent and historical drilling, geological mapping, geochemical analysis, and geophysical surveys. Drilling has revealed a substantial oxide zone that outcrops at the surface and reaches depths of up to 1,804 ft. (550 m).
Looking forward to this year and beyond, the Company is preparing for a pivotal exploration year in 2024. The company plans extensive drilling operations to thoroughly investigate the vertical and lateral extents of copper mineralization. These enhanced exploration efforts are poised to play a crucial role in delineating the full potential and guiding the future development of the Nevada Project.
Exploration Program 2024
Giant Mining Corp. is allocating funds from the recently concluded Private Placement towards advancing the Company’s exploration and development initiatives, in alignment with the recommendations provided in the June 2023 NI43-101 report. The Company has committed to drilling 16 reverse circulation (RC) holes and two shallow core holes, which are designed to infill and expand the mineral potential. The Company’s exploration efforts will be further enhanced by the drilling of two deep core holes, each reaching a depth of 3,500 ft. (1,066m). This significant investment in deep-core drilling is crucial for accurately determining the vertical extent of the mineralization, significantly enhancing the company’s resource evaluation efforts.
Giant Mining grade domain with recent, historic and planned drilling
Figure 1: Giant Mining grade domain with recent, historic and planned drilling.
Additionally, Giant Mining Corp. is set to commence a sequential copper analysis program to improve the understanding of the ore’s characteristics and processing efficiencies at Majuba Hill. The sequential copper analysis program will provide the foundational metallurgical understanding of the copper deposit utilizing an extensive library of existing pulps and core from earlier drilling. This program will cover the breadth and depth of the deposit and optimize recovery methods and enhance the overall efficiency and environmental compliance of the mining process.
By advancing this metallurgical study, the Company seeks to deepen its understanding of the Majuba Hill orebody, leading to more informed decisions about the project’s development and ensuring that any future extraction process is both efficient and environmentally responsible. This initiative aligns with the Company’s commitment to leveraging all available data to support sustainable mining practices.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Giant Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Giant Mining Corp. management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
https://giantminingcorp.com/news/giant-mining-corp-receives-approval-for-reclamation-cost-estimate-from-nevada-department-of-conservation-natural-resources-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada/
Oleblue
4 weeks ago
Giant mining corp. Appoints Andrew Mugridge to board of directors and Richard Robins to the advisory board
VANCOUVER, BC — May 23, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the appointment of Mr. Andrew Mugridge to its Board of Directors. Mr. Mugridge brings a wealth of experience in finance and marketing, with a distinguished career in consulting for publicly traded companies since 2006.
David Greenway, President, and CEO of Giant Mining Corp., commented on the appointment: “We are thrilled to welcome Andrew to our Board of Directors. His extensive background in finance, marketing, and investor relations will be invaluable as we continue to advance our strategic initiatives. Andrew’s expertise and leadership will greatly benefit Giant Mining Corporation.”
About Andrew Mugridge
Andrew Mugridge has been involved in the finance and marketing sectors since entering the industry in 2006. His career began with consulting for publicly traded companies, focusing on financial and marketing strategies that drive growth and shareholder value.
From 2006 to 2014, Mr. Mugridge operated a successful investor relations firm, where he honed his skills in managing investor communications and corporate marketing. He then transitioned to a principal role at a financial advisory firm in Vancouver, British Columbia, where he continues to provide strategic financial counsel to a diverse client base. His professional experience is extensive, having served as a representative at ZLC Wealth Inc. from September 2015 to September 2021 and as Principal at Hotspur Financial Services Ltd. from June 2010 to July 2023. Additionally, he has been a Director at Recharge Resources Ltd. since March 2022.
Mr. Mugridge’s educational background includes a Certificate of Marketing Management from the British Columbia Institute of Technology and completion of the Exempt Market Proficiency (EMP) Course from the IFSE Institute.
Further, the Company is pleased to announce that Mr. Richard Robins has joined the Advisory Board.
About Richard Robins, B.A., MBA
Mr. Richard Robins is a seasoned financial executive with over twenty years of distinguished leadership and extensive expertise across multiple sectors, including banking, financial technology (FinTech), mining, and public companies. His impactful contributions have left an indelible mark on the financial landscape, demonstrating remarkable acumen and strategic prowess.
Notably, his tenure as Chief Financial Officer at International Battery Metals Ltd. exemplified his exceptional leadership, steering the company through a successful public listing on the TSX Venture Exchange before strategically transitioning to the CSE. This pivotal move marked a significant milestone, shaping the company’s trajectory under Mr. Robins’ guidance. International Battery Metals Ltd., an innovative lithium exploration and extraction technology company, currently boasts a market capitalization of approximately $312 million, a testament to Mr. Robins’ exemplary stewardship during his tenure. His strategic insights and pivotal role have been instrumental in the company’s success.
Before his impactful role at International Battery Metals Ltd., Mr. Robins honed his skills through progressive leadership positions at esteemed banking institutions, including TD Bank, Citibank, Peoples Trust Company and Vancouver City Savings Credit Union. His diverse experience equipped him with invaluable insights that have consistently contributed to his success.
Beyond his professional endeavors, Mr. Robins is committed to philanthropic endeavors and serves on the Board of Directors of Odd Squad Productions Society, a registered not-for-profit charitable organization delivering prevention programs for youth in the Lower Mainland, throughout BC, across Canada, and worldwide.
Mr. Robins earned his B.A., in Economics, from McGill University in Montreal and holds a Master of Business Administration specializing in Marketing & Entrepreneurial Studies from the Schulich School of Business at York University in Toronto.
Site Visit
The company’s executive team, alongside the geological technical team led by Buster Hunsaker and a group of consultants, will be heading to the Majuba Hill Copper Project in Pershing County, Nevada, USA, in the coming weeks. This site visit is a critical step in planning out the next phases of exploration. The teams will conduct thorough assessments, gather data, and strategize the most effective approaches to maximize the project’s potential. Their goal is to ensure a comprehensive and detailed plan that aligns with Giant Mining’s commitment to excellence and sustainable practices in resource development.
Copper Market Update
Copper prices have surged by 17.48% YTD in 2024, driven by fundamental factors and a tightening demand-supply environment. The persistent deficit in the copper concentrate market, exacerbated by ongoing mine disruptions, continues to exert upward pressure on prices. Additionally, the Federal Reserve’s rate-cutting cycle could unleash pent-up demand, further boosting copper’s value. Long-term, the energy transition is expected to become a significant tailwind for copper, sustaining its meteoric rise. These combined factors have propelled copper prices to new heights, reflecting a robust and dynamic market landscape. Below is a graph illustrating the year-to-date performance of copper. 1
Figure 1: Copper Prices YTD 2024
[1] Sourced online at Tradingview
Strategic Marketing Engagements
The Company is also pleased to announce several key strategic marketing and market awareness agreements (the “Marketing Agreements”) aimed at enhancing its investor relations and expanding its market presence.
David Greenway, CEO of Giant Mining Corp., announced today, “We are excited to collaborate with these organizations to broaden our reach in the European and North American markets and effectively communicate our value proposition to a wider audience. These strategic engagements will help us strengthen our investor outreach and provide potential new investors with comprehensive insights into our operations and growth potential.”
The Company has engaged 2686362 Ontario Corporation, doing business as CanaCom Group (“CanaCom”), with their brand TheDeepDive.ca (“TheDeepDive”). As part of this agreement, TheDeepDive.ca will produce and publish a featured company profile on Giant Mining in video format. This profile will highlight the investment opportunity, business model, company history, management backgrounds, industry comparable, forecasts, relevant risks, and the overall investment thesis. The videos will serve to educate the investor community about the potential of Giant Mining. A written version of this profile will also be published on TheDeepDive.ca and will be hyperlinked within the main menu. This Marketing Agreement is effective from May 15, 2024, for a twelve-month term, costing CDN $60,000 plus GST. All interactions and service provisions will be coordinated through CanaCom main contact, the authorized representative at 1836 Scarth Street, Regina, SK S4P 3G3. (email jay @dastx. For more information, visit TheDeepDive.ca
Furthermore, the Company has retained the services of Plutus Invest & Consulting GmbH, (“Plutus”) located at Buchtstr. 13, Bremen, 28195, Germany, for a term of seven months. Pursuant to this Marketing Agreement, Plutus will provide strategic consulting services focused on market analysis and financial advisory to support Giant Mining’s business initiatives (collectively, the “Consulting Services”). These Consulting Services will begin June 1, 2024, the effective date of the agreement, and continue for a period of seven months, ending on December 31, 2024. Giant Mining will compensate Plutus with a fee of EUR €250,000, payable at the commencement of the Consulting Services. All interactions and service provisions will be coordinated through Plutus’ main contact, the authorized representative at Buchtstr. 13, 28195 Bremen, Germany (email: contact@plutuinves.de, or by telephone: +49 421 17540174).
Additionally, The Company has entered into a Marketing Agreement with Mining Investor Resources Ltd. (“MiningIR”) for a term of twelve months. MiningIR is a media-based consulting company established in 2018 that provides corporate communications and media services for publicly traded companies. The mining media portal provides corporate mining and resource news, videos, and information company profiles on the resource sector companies. MiningIR delivers a rich experience, making the investor’s experience fulfilling and informative by giving investors and resource companies the means to connect as partners in the mining and resource sector. This Marketing Agreement is effective from May 15, 2024, for a twelve-month term, costing CDN $41,000. All interactions and service provisions will be coordinated through MiningIR main contact, (email info @PROFITizCOOL. For more information, visit MiningIR.
Greenway further highlighted the company’s proactive approach to market opportunities, stating, “Copper prices, having climbed 28% over the last three months to hit a 2-year high, are being leveraged by Giant Mining Corp. to advance our Majuba Hill Porphyry Copper Deposit. This flagship project, known for its substantial copper resources and strategic location, is positioned to benefit significantly from current market trends, further enhancing the company’s long-term growth prospects.”
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
https://mailchi.mp/4add4c2003c3/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572542?e=1145db4d14
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