Giant Mining Settles Reclamation Bond In Advance Of Drilling At Majuba Hill

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Giant Mining (CSE: BFG) is one step closer to conducting a planned drill program at its flagship Majuba Hill Porphyry Copper Deposit in Nevada. The company has seen the State of Nevada’s Department of Conservation & Natural Resources approve its reclamation cost estimate in connection with the reclamation permitting process.

With the completion of the reclamation permitting process, which involved a $240,762 reclamation bond being paid, the company has approval for up to 25 acres of disturbance at the project.

Disturbance is to come in the form of the previously announced drill program, which will see 3,900 metres of RC drilling conducted along with 488 metres of core drilling and potentially two deep core holes totaling 1,066 metres.

The program is expected to build upon prior exploration conducted by Giant Mining at the Majuba Hill property, which amounts to 4,601 metres in aggregate of RC drilling, and 5,304 metres of core drilling, resulting in a total of 19 drill holes. The project as a whole meanwhile has seen 104 holes drilled across 25,005 metres in aggregate.

READ: Giant Mining Outlines 18 Hole Drill Program For 2024

“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,” commented CEO David Greenway.

Giant Mining last traded at $0.80 on the CSE.

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.

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