Drilling Set To Test Copper Zones in Nevada as Prices Surge
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has finalized drill targets for its 2025 program at the Majuba Hill Copper-Silver-Gold Deposit in Nevada. With drilling set to begin next week, could AI-driven targeting unlock even more mineralization?
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has finalized the drill targets for its 2025 core drilling program at the Majuba Hill Copper-Silver-Gold Deposit in Pershing County, Nevada. The program, set to commence next week, is designed to expand on high-grade copper mineralization encountered in the 2024 drill campaign and further define the mineralized zones below historic underground workings.
The company aims to build on the results from core holes MHB-30 and MHB-31, which intersected breccia-hosted copper mineralization. The new drilling is intended to extend these high-grade zones as part of a broader strategy to work toward a National Instrument 43-101 (NI 43-101) mineral resource estimate for the project. The 2025 drill plan includes approximately 4,400 feet (1,340 meters) of core drilling, with a minimum commitment of 2,600 feet (792 meters). The contract allows for additional drilling as required.
Giant Mining has partnered with Exploration Technologies (ExploreTech) to integrate artificial intelligence (AI) and cloud computing into the drill targeting process. Using its Engine AI platform, ExploreTech analyzed geophysical and drilling data to generate additional drill targets, particularly focusing on breccias and large low-resistivity anomalies.
The program consists of five planned drill holes. Four are designed to follow up on the 2024 results, with a fifth hole targeting the Southern Resistivity Anomaly identified through AI modeling. The company has previously completed over 80,000 feet of drilling at Majuba Hill, and CEO David Greenway highlighted the significance of the project within the current metals market:
"Gold has now surpassed US$3,000 per ounce, and copper has just hit a 2025 high of US$4.93 per pound under threat of tariffs and looming copper shortfalls. We are approximately one week away from 2025's maiden drill program and have now finalized our targets for the program," Greenway said in the announcement.
The Majuba Hill project spans 9,684 acres in a mining-friendly jurisdiction with well-established infrastructure, including road access, power, and water. Historic mining at Majuba Hill produced copper, silver, and tin, and exploration to date has indicated a potentially significant copper-silver-gold porphyry system. The project remains open in multiple directions, with geophysical surveys and step-out drilling pointing to further expansion potential.
Copper Sector Outlook: Rising Demand, Supply Constraints, and Strategic Shifts
According to a February 19 report from EY, copper companies increased exploration and expansion efforts to address supply shortages and benefit from strong long-term demand. The report stated that "meeting the world's electrification goals will require 115% more copper to be mined over the next 30 years than has been mined throughout history." EY also highlighted the sector's shift toward responsible mining, with companies integrating sustainability practices such as water stewardship and digital innovations. Exploration budgets reached a decade high in 2024, totaling US$3.2 billion, the highest level since 2013, yet the industry continued to face challenges from declining ore quality and a slowdown in major discoveries.
Sprott.com, on February 28, underscored copper's role in the energy transition, writing that "this sector currently consumes 25% of global copper demand, and this figure is projected to move higher to 61% by 2040." He cited BloombergNEF data showing that global investment in energy transition technologies reached US$1.8 trillion in 2023, surpassing investments in fossil fuels. Mills also highlighted copper's designation as a critical mineral in the U.S., Canada, the European Union, and other major economies, reinforcing its long-term strategic importance.
Technical Analyst Clive Maund described the current price as an "excellent time to buy Giant Mining or add to positions in it."Citigroup analysts wrote in a Mining.com report on March 13 that copper prices had climbed due to tightening supply and anticipation of new U.S. tariffs on imports. The firm expected the London Metal Exchange price to reach US$10,000 per tonne within three months, stating that "ex-US physical market tightening is likely to persist through May/June, temporarily offsetting price headwinds from broader US tariff announcements."
The report added that Chile, the world's largest copper producer, saw a 24% decline in output in January, contributing to supply constraints. Morgan Stanley also noted that "there is a strong incentive to send metal to the US, tightening markets in the rest of the world."
On March 17, Bloomberg News reported that copper prices reached a five-month high following China's announcement of plans to stimulate demand. The industrial metal had already gained approximately 12% in 2025, with additional volatility driven by tariffs introduced by the Trump administration. Supply concerns also contributed to the price movement as the market continued to grapple with mine production shortfalls. China, the world's largest consumer of copper, signaled renewed efforts to bolster economic growth, further supporting the bullish sentiment in the copper market.
Advancing Majuba Hill: Giant Mining Targets Resource Growth Amid Rising Copper Demand
Giant Mining Corp.'s upcoming drilling program is a key step in advancing the Majuba Hill project toward a mineral resource estimate. With the company fully funded for the 2025 exploration season, the results from this campaign will provide critical data on the size and grade of the mineralized system.
The company's investor materials emphasize the role of Majuba Hill in meeting future copper demand, particularly as the electric vehicle and renewable energy sectors drive global consumption. Copper is a critical component in EV production, power grids, and green energy infrastructure, with long-term supply concerns contributing to price strength in the market.
Beyond the 2025 drill program, Giant Mining is evaluating deeper targets and expansion opportunities based on historical drilling and geophysical data. The company's location in Nevada, which is ranked as the top mining jurisdiction by the Fraser Institute, provides regulatory stability and access to infrastructure, supporting efficient project development.
With copper prices recently reaching a 2025 high and continued market interest in critical minerals, the results from Majuba Hill's upcoming drilling could provide valuable insights into the project's potential as a long-term copper producer.
Technical Signals Point to Giant Mining's Potential Breakout Moment
According to a March 5 analysis by technical analyst Clive Maund, Giant Mining Corp. was positioned for a strong upward move as it completed a significant Cup & Handle base pattern. Maund described this formation as a bullish indicator, emphasizing that the high trading volume during the right side of the Cup suggested increasing investor confidence. He noted that this volume pattern typically reflects a "sudden realization amongst a body of investors that the company is 'turning the corner' and going to make it."
Maund highlighted that Giant Mining's stock movement aligned with broader market factors, particularly the growing awareness of tariff barriers that could benefit domestic copper producers. He stated that the company's position within the U.S. copper sector placed it in a favorable light amid these developments.
Streetwise Ownership Overview*
Giant Mining Corp. (CSE: BFG;OTC:BFGFF;FWB:YW5)
*Share Structureas of 3/5/2025Source: Giant Mining Corp.Examining the company's longer-term chart, Maund pointed out that Giant Mining was trading at historically low levels following a prolonged downturn. He recalled that the stock had traded above CA$4.00 in early 2023 and had reached as high as CA$140 in early 2021, adjusted for rollbacks. Based on these technical and historical factors, he described the current price as an "excellent time to buy Giant Mining or add to positions in it."
Ownership and Share Structure
According to Giant Mining Corp., approximately 14.8% of its shares are held by insiders. The remaining shares are held by retail investors.
Giant Mining Corp. has a market capitalization of approximately CA$21.78 million.
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.
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Important Disclosures:
Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp. 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.For additional disclosures, please click here.