Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced that it has engaged Big Sky Exploration, LLC for its 2026 Maiden Core diamond drilling program at the Majuba Hill Copper Deposit in Pershing County, Nevada. The program is referred to as the Core Program and will focus on the Majuba Hill project, a copper, silver, and gold property.
Big Sky operates throughout the western United States and previously provided core drilling services at Majuba Hill in 2024 and 2025. The Company stated that it has made the required advance payment to ensure a timely start for the Phase 1 Core Program.
"We are pleased to secure the services of Big Sky Exploration, whose experienced crews have demonstrated safe, efficient, and cost-effective drilling performance at Majuba Hill," said David Greenway, President & CEO of Giant Mining Corp, in a news release. "With a refined geological model, secured funding, and a clearly defined drill strategy, we are positioned to advance systematic exploration at our Nevada copper project."
As previously announced on January 30, 2026, the Company planned up to 10,000 feet of drilling in a multi-phased diamond drill program. The program is anticipated to include Phase 1, consisting of up to 5,000 feet of core drilling, underground mapping and sampling, additional surface sampling for follow-up drill targeting, and Phase 2, consisting of up to 5,000 feet of core drilling.
The drilling and exploration program will be guided by more than 100 previous drill holes totaling over 89,000 feet of drilling and will include input from RESPEC Engineering. Reviews of 2024 to 2025 exploration results, including drilling, surface geological mapping, and geochemical sampling, identified numerous mineralized breccia bodies. Drill intercepts returned elevated copper and silver values, as well as intervals of anomalous gold. Mineralization is commonly associated with hydrothermal magmatic tourmaline matrix breccias and the margins of breccia pipes. The Company stated that further drilling is required to determine the extent and continuity of mineralization.
Majuba Hill is in the exploration stage. The company stated that the discovery-driven, staged exploration and drilling programs provide a technically sound framework for advancing the project and that the project is aligned with U.S. critical mineral priorities.
Majuba Hill is located in Nevada, USA. The property covers 9,684 acres and is located 113 road kilometers southwest of Winnemucca, Nevada and 251 kilometers northeast of Reno. The project has approximately 89,395 feet of drilling to date, with a rough replacement value of drilling of US$12.1 million using current costs. The project is described as a historical producer. The Company stated that it has secured funding for its next phase of drilling at Majuba Hill.
Copper Market Signals and Supply Considerations
On February 24, Leede Financial stated that copper equity pricing was reflecting an implied copper value of US$6.48 per pound, which it described as a record level. The firm noted that this represented an average premium of 12% compared with the spot price of US$5.78 per pound.
According to Leede, the premium had risen from 7% earlier in the month and from 3% at the start of the year. The firm also pointed out that while the current premium remained below the three-year average of 19%, it was modestly above the long-term average of 10% observed since 2018.
John Newell concluded that the company "remains a Speculative Buy."
In a February 27 article in Ahead of the Herd, Morgan Sherburne covered findings from research conducted by a University of Michigan geologist focused on long-term copper supply. The study indicated that future supply constraints were tied to pricing dynamics and regulatory frameworks. It concluded that "the price of copper must at least double in order to spur the development of new copper mines to meet the world’s growing demand for the metal." The researchers further stated that meeting baseline copper demand would require both higher pricing levels and adjustments to permitting systems to facilitate new mine development.
Also on February 27, Shad Marquitz of Excelsior Prosperity commented on broader metals market movements. He wrote that "copper, like gold, is making new all-time highs on the weekly chart," and described copper as "an important critical mineral, energy metal, and it often occurs in gold and silver deposits getting mined right along with the PMs." Marquitz added that, despite the price action, market sentiment toward the sector had remained restrained. He wrote that "one would expect there to be more cheers... considering the price breakouts," and characterized the broader environment as "a quiet stealth rally" that had drawn limited mainstream attention.
U.S.-Centered Copper Explorer Advancing Majuba Hill
1In a February 11 report, John Newell described Giant Mining Corp. as "a U.S.-focused copper exploration company listed on the CSE, with its primary asset being the Majuba Hill Copper Project in Nevada." He wrote that the company had "spent several years methodically advancing this project through drilling, geophysics, and geological modeling, steadily building a large technical dataset while operating in one of the most mining-friendly jurisdictions in the world."
Newell characterized Majuba Hill as "a large, porphyry-style copper system located in Pershing County, Nevada." He noted that underground production at the site dates to the early 1900s and included copper, silver, gold, and tin. He stated that more recent work has centered on expanding known copper zones, evaluating deeper sulphide targets, and testing resistivity anomalies identified through modern geophysics and AI-assisted targeting.
Addressing broader developments, Newell wrote that Project Vault "signals that the U.S. government is now treating copper and other critical metals as strategic assets." He added that "for companies exploring copper in the United States, this policy shift improves the long-term backdrop."
Newell also reported that Giant Mining had "approximately 105 million shares outstanding and roughly 123.4 million shares fully diluted," and wrote that "at recent prices, this places the company in the sub-CA$30 million market capitalization range." He concluded that the company "remains a Speculative Buy at the current level of CA$0.30."
Majuba Hill Drilling and Technical Programs
Company materials indicated that exploration efforts at Majuba Hill have included a diamond core drilling campaign launched in 2024. As part of that program, drill holes MHB-30 and MHB-31 were completed. MHB-30 was drilled to 800 feet at a planned azimuth of 230 degrees with a minus 70 degree inclination. MHB-31 reached 1,086 feet at a planned azimuth of 310 degrees with a minus 50 degree inclination. Both holes were quick logged, sampled, and tagged on site.
The company reported completing new road construction to improve access to the Majuba Hill Porphyry Copper Deposit and related target zones. Earlier exploration programs conducted in 2020, 2021, and 2022 included core and reverse circulation drilling, soil sampling, and geophysical surveys.
Geophysical initiatives included drone magnetic surveys totaling 322 line kilometers and induced polarization and resistivity surveys contributing 49.5 line kilometers of additional data to historical records. Soil sampling programs expanded areas such as the DeSoto Target and the Copper Gold Target, where anomalous concentrations of copper, silver, gold, lead, molybdenum, and zinc were identified.
Streetwise Ownership Overview*
Giant Mining Corp. (CSE: BFG;OTC:BFGFF;FWB:YW5)
Geological investigations involved structural mapping, thin section studies, dating techniques, and analysis of intrusive rocks and hydrothermal alteration. The company stated that combining geological interpretations with magnetic and IP survey data indicated sulfide copper porphyry mineralization extending to the northeast, while oxide copper mineralization remains open in all directions.
Ownership and Share Structure2
Roughly 15.1% of Giant Mining's shares are held by insiders, while the rest are owned by retail investors.
The company's market capitalization is approximately CA$21.56 million.
Giant has 102.5 million shares outstanding and a 52-week range of US$0.0880 and US$0.3560.
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Important Disclosures:
- Giant Mining is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Disclosure for the quote from the John Newell article published on February 11, 2026
- For the quoted article (published on February 11, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$2,500.
- Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
