Giant Mining Corp’s Majuba Hill Project: Unearthing Copper Potential in Nevada
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Giant Mining Corp (CSE: BFG) is making significant strides in its exploration efforts at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada. The project, which has a rich history of copper production dating back to the early 20th century, is now the focus of an ambitious exploration program aimed at unlocking its full potential.
The Majuba Hill project spans approximately 8,410 acres and is strategically located 156 miles northeast of Reno. This prime location offers excellent infrastructure, including road access and proximity to essential services, which is crucial for efficient exploration and potential future development.
Recent exploration
Recent exploration activities have been particularly promising. In 2021, Giant Mining conducted an extensive drilling program, completing 4,539 metres of drilling across 15 reverse circulation holes and 2 core holes, which was followed by 2,706 metres of drilling in 2022.
Highlight results from the program include hole MHB-2, which intersected 44.5 metres of 1.41% copper, and hole MHB-2, which encountered 133.8 metres of 0.28% copper, among other results. This program significantly expanded the known mineralization zones and provided valuable data for future exploration planning.
While the company has yet to establish a resource estimate for the property, a technical report filed in 2023 states that, “a copper exploration target has been estimated with a range of between 50 million tonnes and 100 million tonnes. Estimated grades of the exploration target range from 0.15% copper to 0.30% copper.
Ongoing exploration
Building on this success, the company has recently embarked on a new phase of drilling. The company has contracted Big Sky Exploration of Nevada to conducted the summer 2024 program, which at the time of announcement indicated that at least 488 metres of core drilling were to take place.
Giant Mining at the same time indicated that it was also considering two deep core holes, each of which may reach depths of up to 1,066 metres. The focus of the program is said to be the gathering of data to provide a detailed understanding of the size of the deposit, as well as its structure and mineralization pattern to enable an accurate resource estimate to be assembled.
In early August, Giant Mining announced the successful completion of the first hole, MHB-30, which reached a depth of 244 metres. This was followed by the completion of the second core drill hole, MHB-31, which reached a depth of 331 metres.
David Greenway, President and CEO of Giant Mining, expressed enthusiasm about the ongoing drilling program: “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.”
Future plans
To support its ambitious exploration plans, Giant Mining has made strategic investments in infrastructure. In July 2024, the company completed new road construction at the Majuba Hill site, enhancing access to drill sites for both current and future operations. This improvement is expected to accelerate the drilling program and facilitate more comprehensive exploration of the property’s copper resources.
Looking ahead, Giant Mining has outlined plans for an extensive program within the exploration target area. This includes drilling 16 reverse circulation holes for an aggregate 3,900 metres and two shallow metallurgical core holes across 488 metres, as well as initiating a metallurgical study to optimize future extraction methods. The investment in infrastructure on site is expected to support this further exploration.
“Improved site access will enable us to expedite our drilling program and further explore the substantial copper resources on the property. Buster and his team are eager to advance our work and capitalize on the promising potential of Majuba Hill,” commented Greenway in July 2024.
While the road ahead may present challenges typical of mineral exploration, the progress made at Majuba Hill thus far paints an encouraging picture for Giant Mining Corp and its stakeholders. As further results are released in the coming weeks, the true potential of this historic copper district may soon come into sharper focus.
FULL DISCLOSURE: Giant Mining Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of Giant Mining. The author has been compensated to cover Giant Mining on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
