Giant Mining completes drill targeting at Majuba Hill
2025-03-03 10:43 ET – News Release
Mr. David Greenway reports
GIANT MINING CORP. ANNOUNCES COMPLETION OF INITIAL DRILL TARGETING FOR UPCOMING PHASE ONE DRILL PROGRAM AT MAJUBA HIL
Giant Mining Corp. has completed initial drill targeting in conjunction with Exploration Technologies Inc. (ExploreTech) for the coming phase 1 drill program. In partnership with the Giant Mining technical team, ExploreTech used its Engine AI (artificial intelligence) and cloud computing platform to generate optimized drill plans and targets, which focus on breccia pipes and large low-resistivity anomalies. See about section for additional details on the ExploreTech methodology.
“After numerous, detailed discussions with the Majuba team, we initiated a compute process that took approximately one full week of 24/7 cloud computation. Serious computing power went into processing the wealth of data at Majuba, and we are very satisfied with the results. We look forward to continuing our collaboration over the next months with such a talented team at Giant Mining and on the highly promising Majuba Mountain area,” said Tyler Hall, president of Exploration Technologies.
“We are thrilled with the results of ExploreTech’s initial modelling. Preparations are beginning now for the 2025 exploration and development drilling season at Majuba Hill. With over 100 drill holes to date and over 80,000 feet of drilling at the Majuba Hill copper-silver-gold deposit, we truly believe 2025 will be the year we take the project to the next level,” said David Greenway, president and chief executive officer of Giant Mining.
ExploreTech will be attending Giant Mining’s booth No. 3007 at the PDAC (Prospectors and Developers Association of Canada) convention on Monday, March 3, 2025, from 11:30 a.m. to 1 p.m. EST.
The results provide insight into the large copper target generated by the past four years of exploration by the company. The 2025 phase 1 drill program will consist of four drill holes for a total of 4,400 feet of drilling of 1,100 feet (335 metres) per hole. The company has allowed for drilling to continue up to 1,600 feet (487 metres) per hole at the technical team’s discretion. The drilling will follow up hole MHB-30 drilled in 2024, which encountered high-grade copper-silver mineralization. ExploreTech took into consideration the proposed 2025 drilling campaigns, along with previous exploration data. These data consist of over 80 previous drill holes and over 83,000 feet of drilling, along with the results of previous extensive surface sampling, geological mapping, geophysics, underground sampling, rigorous studies and analysis.
About Exploration Technologies Inc. (ExploreTech)
ExploreTech’s AI approach is specifically designed to combine surface geology and drilling results with computationally intensive remodelling of existing geophysical data sets to optimize targeting of covered targets. The process quickly generates thousands of solutions that cluster on the best fits between the geological and geophysical data and then generates drill hole trajectories designed to cut those clusters most effectively.
ExploreTech first combines the geological concept with AI geophysical simulation to identify and locate where the source of a geophysical anomaly actually lies. This is done by testing thousands of possible explanations (models) for anomalies measured at the surface and selecting only those that closely match real-world geophysics.
The selected models of the combined geology and geophysics cluster around the most likely location of the anomaly. The program then evaluates the clusters in three dimensions to determine the optimal drilling trajectory to pierce as many of the target anomalies as possible. The entire process can be rerun as drill results for specific targets or additional geophysical surveying add new information allowing improved vectoring to the best mineralized parts of a given ore system. This use of AI to reveal and reinforce target anomalies in existing geophysical data sets is a significant new exploration tool and has already been applied in several cases; some are viewable at ExploreTech’s website.
Some of Majuba Hill’s critically important characteristics are as follows.
Location: Nevada — the No. 1 mining jurisdiction on the planet according to the Fraser Institute
Project size: 9,684 acres
Infrastructure: The Majuba Hill property is 113 road kilometres (70 miles) southwest of Winnemucca, Nev., and 251 kilometres (156 miles) northeast of Reno. Access is by well-maintained county roads from the Imlay, Nev., exit on U.S. Interstate 80 and travelling westward 23 miles. People, roads, power and water are the basic elements when considering infrastructure, and Majuba Hill already has a solid infrastructure foundation for building a large facility, which will provide significant savings compared with more remote projects.
History: historical producer
Drilling: 82,614 feet of drilling to date; rough replacement value of drilling $10.4-million in development costs
Mineralization: The project shows indications of a potentially large copper-silver-plus-or-minus-gold-mineralized body with many features in common with both large porphyry copper, silver and gold projects.
Expandability: The IP survey, deep drilling and stepout drilling indicate significant expansion potential, with mineralization open in all directions.
Fully financed: secured financing for 2025 drilling campaign
Qualified person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. (Buster) Hunsaker III, CPG No. 8137, a non-independent consulting geologist who is a qualified person as such term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Giant Mining Corp.
Giant Mining is focused on identifying, acquiring and advancing late-stage copper and copper/silver/gold projects to meet the growing global demand for critical metals. This demand is driven by initiatives like the Green New Deal in the United States and similar climate-focused programs worldwide, which require substantial amounts of copper, silver and gold for electric vehicles, renewable energy infrastructure, and the modernization of clean and affordable energy systems.
The company’s flagship asset is the Majuba Hill copper, silver and gold district, located 156 miles (251 kilometres) from Reno, Nev. Majuba Hill is situated in a mining-friendly jurisdiction with supportive regulations and has the potential to become one of the next major copper deposits, critical for meeting the increasing need for this red metal.
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