Nevada Copper Discovery Heats Up at Majuba Hill

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* Disclosure for the quote from the Clive Maund article published on June 6, 2025

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Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has released new assay results from its 2025 diamond drilling program at the Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada. The company reported that core holes MHB-33, MHB-34, and MHB-35 intersected thick intervals of breccia-hosted copper mineralization, confirming earlier intercepts and extending known mineralized zones.

In core hole MHB-34, a 500-foot (152.4-meter) interval of copper mineralization graded 0.21% copper, including sections of 165 feet at 0.24% and 205 feet at 0.27%. A 55-foot portion within this interval returned 0.41% copper. MHB-34 also intersected additional oxide and enriched zones, including 135 feet at 0.14% copper, with a 10-foot interval grading 0.40% copper. The drill hole extended the breccia-hosted copper zone to at least 1,640 vertical feet below the top of Majuba Mountain.

According to the company, "The assay results from MHB-33, MHB-34, and MHB-35 are very positive and continue to validate the scale and continuity of breccia-hosted copper mineralization at Majuba Hill," said CEO David Greenway in a company news release.

Previously announced results from MHB-32 showed 379.5 feet grading 0.33% copper and 16.97 parts per million (ppm) silver. This included a 40-foot section with 1.36% copper and 13.33 ppm silver, which contained a 10-foot zone grading 3.6% copper and 35.65 ppm silver.

Drill hole MHB-33 intersected 35 feet grading 0.09% copper near surface, identifying the upper extents of a previously mined breccia zone. Hole MHB-35 returned 90 feet grading 0.09% copper within hydrothermal-magmatic breccias.

The Majuba Hill property spans 9,684 acres and is located 70 miles southwest of Winnemucca and 156 miles northeast of Reno. Infrastructure at the site includes road access, proximity to power, and a history of copper, silver, gold, and tin production dating back to the early 1900s. The company reports that approximately 89,395 feet of drilling have been completed at the site to date, with a replacement cost estimated at US$12.1 million.

Copper Sector Pressured by US Tariffs and Global Trade Reactions

Copper prices in the United States reached record highs in early July following former President Donald Trump's announcement of a 50% tariff on copper imports. In its July 10 publication, Pretiorates pointed out the uncertainty around the scope of the tariffs, questioning whether duties would apply to pure copper, refined goods, or concentrate. The commentary also noted a surge in copper imports as traders worked to preempt the tariff's effects. "The US copper price shot up again, and traders are rushing to get their material across the Atlantic before the tariff hammer officially falls," the report stated. 

In a July 14 article, Ahead of the Herd examined the structural constraints limiting US copper independence. The article noted that the country imported approximately 1 million tonnes of refined copper in 2024 while producing only about half of its consumption needs. "The U.S. does not have nearly enough mine/smelter/refinery capacity to be self-sufficient in copper," Jefferies analysts wrote. The article also highlighted that the United States operated just two smelters at the time of the tariff announcement.

Copper prices rose as much as 17% intraday to US$5.89 per pound on July 8, the largest single-day increase since 1989, according to Forbes. Analysts at Morgan Stanley acknowledged the short-term price support but cautioned that any gains could be temporary as inventories adjust. Plus Mining founder Juan Carlos Guajardo told Bloomberg that "there will be a lot of buying" ahead of the tariffs, which could further strain near-term supply.

Throughout July, industry commentary emphasized the growing gap between copper supply and demand. In a detailed July 14 overview, Excelsior Prosperity confirmed that US copper futures had posted their highest monthly close in June before reaching new all-time highs in July. Analyst Shad Marquitz noted that "Trump's comment about potentially putting a 50% tariff on copper played a big part in the recent spike higher," while also stressing that price trends had been building prior to the announcement.

As copper's role in renewable energy, electric vehicles, and defense technology continues to expand, the trade policy shift drew further attention to U.S. supply vulnerabilities. According to Ahead of the Herd, "Almost every manufacturing process uses copper, and it just got 50% more expensive." The publication added that without sufficient domestic capacity, U.S. buyers would be "forced to pay the tariff because the United States is not and will not for a long time be self-sufficient in copper."

Technical Analyst Issues Strong Buy Rating on Giant Mining

*In an analysis dated June 9, independent Technical Analyst Clive Maund issued a positive assessment of Giant Mining Corp., characterizing the company as "rapidly advancing its highly prospective Majuba Hill copper-gold-silver property in Nevada." He noted that the project was "uniquely positioned to contribute to America's clean energy transition and critical minerals independence" and referenced management's favorable outlook following the completion of drill hole MHB-34 during the Spring 2025 program.

Maund pointed to the company's infrastructure advantages, highlighting Majuba Hill's Nevada location with access to roads, electricity, and water. He referenced results from the 2024 drill campaign as showing "impressive grades" and remarked that the underlying geology supported the potential for a significantly larger mineralized system.

On the technical side, Maund viewed recent trading activity as indicative of accumulation. He wrote that the stock had developed "a large bullish Cup & Handle base" and noted that "the heavy volume over the past month or so . . . is characteristic of an intermediate base." He concluded that the chart "looks ready to break out into a major new bull market."

Maund rated Giant Mining "a Strong Buy for all time horizons" and identified upside targets ranging from CA$0.60 to CA$2.00. These targets, he stated, were based on the technical setup, ongoing progress at Majuba Hill, a favorable jurisdiction, and what he described as a supportive share structure.

Drilling and Development Momentum

Giant Mining launched its 2025 drill program in March, targeting 4,400 feet across five core holes. According to the company's investor presentation, four of the holes were designed to follow up on 2024 results, while a fifth hole, MHB-36, was added to test a southern resistivity anomaly identified using AI-assisted modeling from Exploration Technologies.

As of mid-2025, over 2,500 feet of drilling had been completed. The program is focused on extending breccia-controlled mineralization and defining deeper copper-gold-silver zones. MHB-36, the AI-driven hole, is targeting visual chalcopyrite mineralization at depth.

In addition to exploration progress, the Majuba Hill project benefits from proximity to infrastructure, including regional mining hubs and a nearby power substation. The project's location in Nevada, consistently ranked as a top global mining jurisdiction, further supports development potential.

Giant Mining is fully financed for the next phase of drilling. The company also holds a 20% stake in the Friday Gold Project in Idaho, which contains a historical NI 43-101 resource of 1.237 million ounces of gold.

The current focus remains on expanding the mineralized footprint at Majuba Hill through step-out drilling and interpretation of breccia-controlled mineral zones. The company's technical team, led by Senior Geologist Buster Hunsaker, continues to evaluate the scale and structure of the porphyry-style system.

Ownership and Share Structure

According to Giant Mining Corp., approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors. 

As of July 15, 2025, Giant Mining Corp. has a market capitalization of approximately CA$23.13 million. 

The company's current share structure includes 77,106,097 shares issued and outstanding, 35,609,865 warrants, 850,000 options, and 375,000 restricted share units. 

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. 

The company's Warrants are traded on the Canadian Securities Exchange (CSE) under the ticker BFG.WT.A and BFG.WT.B.