Source: Streetwise Reports 03/27/2025
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has launched drilling at its Majuba Hill Copper Project in Nevada using AI-guided targeting. Read more about how the company aims to expand known zones and update its resource estimate.
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has launched core drilling at its Majuba Hill Porphyry Copper Project in Pershing County, Nevada. The 2025 drilling program commenced with hole MHB-32 and is aimed at expanding previously identified zones of copper mineralization while advancing toward a new Mineral Resource Estimate (MRE).
The program follows encouraging results from the 2024 campaign, where holes MHB-30 and MHB-31 intersected high-grade copper-bearing breccias. Breccias are fragmented rock zones often associated with mineralization in porphyry systems. The current plan includes up to four holes totaling 4,400 feet (1,340 meters). The initial drilling contract covers a minimum of 2,600 feet (792 meters), with flexibility to extend depths up to 1,600 feet (487 meters) depending on the mineralization encountered.
The targets for the drill program were generated through a collaboration with Exploration Technologies, which applied its Engine AI platform to Giant Mining’s geophysical and drill data. The artificial intelligence system was used to identify large low-resistivity anomalies and prioritize breccia zones for testing. According to the company, this approach has allowed for improved precision in drill targeting.
Commenting on the start of drilling, CEO David Greenway said in the news release, “We are excited to begin drilling at Majuba Hill as we advance the project toward an updated resource estimate. The scale and potential of this system continue to impress, and this phase of drilling is critical in unlocking further value for our shareholders.” Greenway added that copper’s current market price of approximately US$5.12 per pound, compared to under US$4.00 during the last drill program, significantly increases the in-situ value of the mineralized material.
The Majuba Hill property spans 9,684 acres and is located approximately 70 miles from Winnemucca, Nevada, and 156 miles from Reno. The project has access to established infrastructure, including roads, power lines, and water. Historical underground mining from the early 1900s through the 1950s yielded 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold.
E.L. “Buster” Hunsaker, Senior Consulting Geologist, noted in that same announcement, “We’re drilling MHB-32 into the heart of the porphyry system. Based on previous data and alteration patterns — particularly the breccias observed in 2024 core holes — we believe this hole will further define the mineralized zone and potentially confirm deeper extensions of the copper system at Majuba Hill.”
To date, the project has seen more than 83,000 feet of drilling, with an estimated replacement value of US$10.4 million. Giant Mining has stated it will provide regular updates as drilling progresses, including geological observations and assay results.
Copper Sector Trends and Developments
Copper prices reached historic levels in late March, reflecting a mix of geopolitical uncertainty, supply constraints, and structural demand growth, particularly in the United States. Fox Business outlined structural and regulatory challenges facing domestic copper production in a March 24 report. According to Clayton Walker, Chief Operating Officer of Rio Tinto’s copper division, the permitting timeline in the U.S. averaged nearly three decades. “We’ve got to figure out a way to bring those mines online a little faster than, say, 29 years,” he said. Walker also called for copper to be designated as a critical mineral, which could streamline approvals and encourage new development. “Not having it on the list is hurting us and keeping that valuable metal from getting those resources that are needed,” he argued.
Walker pointed to the need for more domestic smelting capacity, noting that while the U.S. exported over 400,000 tons of copper concentrate annually, it lacked sufficient infrastructure to process it domestically. Nate Foster, managing director at Kennecott, emphasized the strategic role of U.S.-based facilities. “We really think we’re well positioned with a very strategic asset with our smelter and the refinery to be able to help continue to… invest in America,” he said.
Technical Analyst Clive Maund concluded that Giant Mining represented “a bargain” at current prices and stated that “this is, therefore, considered to be an excellent time to buy Giant Mining or add to positions in it.”
According to the Financial Times of London on March 25, Copper to hit US$12,000 this year, say major trading groups. Traders are also bracing for higher industrial demand for the metal given the need for major economies such as the US and EU to upgrade their electricity grids. This investment would require huge amounts of the metal, said Aline Carnizelo, managing partner at Frontier Commodities, part of the group of experts eyeing the US$12,000 price target.
According to Bloomberg on March 25, copper futures on New York’s Comex exchange surged to an all-time high of US$5.2255 per pound. This milestone surpassed the previous record of US$5.199 set in May and marked a 29% increase in 2025 alone. The rally was partially driven by speculation surrounding a potential 25% U.S. import tariff and temporary supply disruptions, such as Glencore’s suspension of shipments from its Altonorte smelter in Chile. Bloomberg also reported that the price differential between U.S. and London Metal Exchange (LME) contracts widened to over US$1,400 per ton, reflecting market expectations of future policy shifts.
Dan Smith, head of research at AMT, observed that the widening spread between long-dated Comex and LME contracts suggested that “the expectations for tariffs [were] going up.” Meanwhile, traders were incentivized to divert copper shipments to the U.S. to hedge against possible duties, leading to logistical distortions and concerns over global inventory levels. Matt Schwab of Quantix Commodities added that “the uncertainty around tariffs, especially when they would be implemented” contributed to the market’s volatility.
Excelsior Prosperity confirmed on March 26 that copper’s breakout had continued, noting that “copper closed the day at a new all-time high of US$5.21,” officially surpassing its previous record. The report emphasized that price action, rather than market narrative, was the most reliable indicator of sector momentum. It highlighted that copper stocks had not kept pace with the metal’s gains, stating, “Copper stocks have been responding, but not as much as one would expect in a commodity making record high prices.”
The analysis also explored investor sentiment, noting that retail focus had lagged behind the metal’s rally. The publication concluded that while copper was showing strong technical momentum, many equities in the sector had not yet fully responded. It also pointed to increased trading activity in copper-focused exchange-traded funds like COPX and COPJ as investors sought to capitalize on the commodity’s strength.
Technical Analyst Identifies Bullish Setup for Giant Mining
In a March 5 analysis, Technical Analyst Clive Maund identified a potential breakout setup forming in Giant Mining Corp., citing what he described as a “big Cup & Handle base pattern”—a chart formation typically associated with upward momentum. Maund called the company’s recent volume trend “highly bullish,” attributing the increased trading activity to what he described as “the growing realization of the positive implications of the tariff barriers for domestic U.S. copper companies like Giant Mining.”
Maund noted that the structure of the Cup & Handle pattern had been developing over a period long enough to flatten the 200-day moving average, which he viewed as an encouraging technical signal. He added that a “bullish cross of the moving averages” would likely confirm the start of an upward trend.
In terms of historical share performance, Maund pointed out that Giant Mining previously traded above CA$4.00 in early 2023 and had reached as high as CA$140 in early 2021, accounting for share rollbacks. At the time of the report, the stock was trading at CA$0.41 (US$0.29), which he regarded as a discounted valuation. Maund concluded that Giant Mining represented “a bargain” at current prices and stated that “this is, therefore, considered to be an excellent time to buy Giant Mining or add to positions in it.”
According to the company, as of March 5, 2025, 85.2% of shares were held by retail investors, with management and insiders holding the remaining 14.8%.
Development Outlook and Upcoming Catalysts
According to Giant Mining’s February 2025 investor presentation, the Majuba Hill Copper Project is a long-term development opportunity positioned in a mining-supportive jurisdiction. The current core drilling initiative is the latest step in a multi-phase exploration effort that began in 2020. Previous campaigns have defined zones of both oxide and sulphide copper mineralization, with geological indicators suggesting deeper sulphide systems may be present.
The company reports that Majuba Hill is fully financed for its 2025 drill campaign and holds 403 federal lode claims and two private land parcels. The total project area covers 3,919 hectares (9,684 acres). Majuba Hill benefits from proximity to established mining hubs and infrastructure, with a power substation located 22 miles from the site and multiple transportation routes accessible via county roads.
Management views copper demand as a significant long-term driver, noting copper’s critical role in electric vehicle (EV) production, renewable energy installations, and electrical grid upgrades. The company cites estimates that each EV requires approximately 183 pounds of copper and that global copper demand could rise to 50 million metric tons by 2035. [OWNERSHIP_CHART-11069]
Giant Mining has also indicated that results from the 2025 program could contribute to a future Mineral Resource Estimate. The project remains open for expansion in all directions based on step-out and deep drilling. The combination of geological potential, supportive jurisdiction, infrastructure access, and rising copper demand are cited as factors that position Majuba Hill as a compelling exploration-stage asset.
As of March 25, 2025, the company reported a share price of CA$0.42 and a market capitalization of approximately CA$29.56 million. The company’s share structure includes 70,392,597 issued and outstanding shares and a fully diluted count of 115,945,962.
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.
Giant Mining Corp. has a market capitalization of approximately CA$29.56 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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- 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.
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( Companies Mentioned: CSE: BFG;OTC:BFGFF;FWB:YW5,
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