Giant Mining Uncovers 22.6 Meters of 2.6% Copper at Majuba Hill
Giant Mining Corp. (CSE: BFG) has revealed significant new findings at its Majuba Hill Copper-Silver Deposit in Pershing County, Nevada. The latest drill results from hole MHB-30 yielded 22.6 meters of 2.6% copper (Cu) and 30.1 g/t silver (Ag) within a broader zone of 66.4 meters grading 1.35% Cu and 73.4 g/t Ag.
This discovery translates into a copper equivalent (CuEq) of 2.1% from surface to 66.4 meters, including a particularly high-grade interval of 2.9% CuEq between 42.7 and 65.2 meters.
The high-grade findings are a significant boost to the Majuba Hill project, which has a long history of mineral extraction, dating back to the early 1900s. Majuba Hill previously produced copper, silver, tin, gold, and zinc, making it a known location for valuable mineral deposits.
“We are excited by the results of hole MHB-30, which significantly exceeded our expectations for high-grade copper-silver mineralization,” CEO David Greenway said. “With guidance from our geologic team, we are continuing to uncover the incredible potential of Majuba Hill. We remain open both at depth and along strike, and despite over 83,925 feet of drilling and development work, we are only scratching the surface.”
The Majuba Hill Copper-Silver-Molybdenum Porphyry Project is a key asset for Giant Mining. Located in northwestern Nevada, the project benefits from excellent infrastructure, including year-round highway access and proximity to major transport hubs. To date, over 83,925 feet of exploration and development drilling has been conducted, revealing a promising combination of near-surface oxide and enrichment zones.
The 2024 drilling program was specifically designed to in-fill and explore new targets aimed at expanding the known resource at Majuba Hill. The project’s exploration target is set between 50 to 100 million tonnes with copper grades ranging from 0.15% to 0.30% Cu.
In the short term, the company is eagerly awaiting the results from the adjacent hole, MHB-31, which reached a depth of 331 meters. Giant Mining believes the deeper intervals from MHB-31 could reveal additional high-grade copper-silver mineralization, further boosting the project’s potential as an open-pit mining operation.
Giant Mining is also preparing to issue its maiden NI 43-101 mineral resource estimate (MRE), a key step toward defining the overall scale of the Majuba Hill project. The current drilling program, which includes both core and reverse circulation (RC) drilling, is aimed at tightening the resource model and increasing confidence in the near-surface oxide and enrichment zones that could support open-pit mining.
Majuba Hill is part of Nevada’s broader copper-silver exploration boom, spurred by rising global demand for these critical metals. Copper, essential for electronics, renewable energy systems, and electric vehicles, is seeing consistently high prices, with copper trading at $4.475/lb as of September 24, 2024.
Silver, which is used in everything from solar panels to medical equipment, was trading at $31.29/oz.
Great Mining last traded at $0.375 on the CSE.
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