Drilling Set To Begin at Majuba Hill as Copper Tops US$5.12/LB

Source: Streetwise Reports 03/21/2025

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has mobilized equipment to Majuba Hill, with drilling set to begin as copper prices surge past US$5.12/lb. With multiple drill phases fully funded, what could this program uncover?

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced that equipment has arrived at its Majuba Hill Copper Project in Nevada, with drilling preparations now underway. Legarza Exploration, LLC is finalizing road and drill pad construction, while Big Sky Exploration, LLC is set to commence drilling on or about March 24, 2025. The company’s 2025 Core Program will focus on diamond core drilling, with an initial plan for four holes totaling 4,400 feet within the established exploration target area.

The company is fully funded to complete multiple drill phases this year as it works toward a NI 43-101 compliant mineral resource estimate. The flexibility built into the drilling contract allows for deeper drilling if mineralization extends beyond the planned depths.

CEO David Greenway stated in the news release,  ”Gold has now surpassed US$3,050 per ounce, and Copper has surpassed US$5.12 per lb under tariffs and looming copper shortfalls. We look forward to a pivotal moment for Majuba Hill in 2025, following our best results to date in 2024. The company is fully funded to add to over 100 drill holes and over 80,000 feet of past drilling to work toward a NI 43-101 compliant mineral resource estimate.”

Copper Prices Surge Amid Supply Constraints and Trade Uncertainty

According to a March 13 report from Mining.com, Citigroup expected London Metal Exchange (LME) copper prices to reach US$10,000 per tonne within three months, citing a global market tightening ahead of potential U.S. import tariffs. The report stated that commodity traders such as Glencore and Trafigura were accelerating shipments to the U.S. to capitalize on current pricing before any tariff-related shifts in demand occurred.

Technical Analyst Clive Maund concluded that Giant was “a bargain” at current levels and stated that “this is, therefore, considered to be an excellent time to buy Giant Mining or add to positions in it.”

A March 16 report from NPR highlighted that copper demand had surged nearly 75% since 2020, driven by its critical role in electronics, renewable energy, and infrastructure.

Despite this increasing demand, NPR noted that major copper-producing regions, including Chile and Peru, were struggling with supply constraints, leading to concerns over long-term availability. Shon Hiatt, a professor at the University of Southern California, stated, “It’s projected that in the next 20 years, we will need as much copper as all the copper that has ever been produced up to this date.”

On March 20, Bloomberg reported that copper had fluctuated near US$10,000 per tonne following trade dislocations triggered by U.S. President Donald Trump’s push for tariffs. The report explained that traders had rushed to send metal to the U.S. in anticipation of potential duties, creating shortages in other markets. Wei Lai, deputy trading head at Zijin Mining Investment Shanghai Co., commented, “Cargoes are lured to the U.S., leaving other places in shortfall. Buying sentiment is very strong.”

The ongoing volatility in copper markets has also been influenced by supply-side issues. Bloomberg noted that smelters had faced challenges in securing raw materials due to increased competition, while the NPR reported that existing copper mines were experiencing declining ore grades, further tightening supply. As a result, copper prices on New York’s Comex market remained above US$10,000 per tonne, with analysts anticipating continued fluctuations as the U.S. trade policy on copper evolved.

Majuba Hill: A High-Potential Copper-Silver-Gold Project in a Top Mining Jurisdiction

Giant Mining’s investor presentation highlights Majuba Hill for the potential it has shown as a large-scale copper-silver-gold system, with geological indicators of significant mineralization. The project is located in Nevada, a jurisdiction ranked highly for mining investment by the Fraser Institute. Infrastructure advantages, including accessibility via well-maintained roads and proximity to major mining hubs, support efficient project development.

To date, over 83,930 feet of drilling have been completed at Majuba Hill, representing an estimated development investment of US$10.4 million. The project has a historical production record of 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold, with expansion potential supported by geophysical surveys and step-out drilling.

The ongoing drill program is designed to expand on previous results, targeting high-grade mineralized breccia zones. The planned drill holes will test deeper portions of the mineralized system, particularly in the Southern Breccia Corridor, following up on intersections in core holes MHB-30 and MHB-31.

With secured funding and an extensive drill program underway, Giant Mining Corp. continues advancing toward defining a resource at Majuba Hill. The company’s focus on copper comes at a time of increasing global demand, particularly in the electric vehicle and renewable energy sectors, positioning Majuba Hill as a key asset within the domestic U.S. supply chain.

Analyst Sees Breakout Potential for This Copper Stock

According to a March 5 analysis from Technical Analyst Clive Maund, Giant Mining Corp. was forming a “big Cup & Handle base pattern,” a technical indicator often associated with a strong breakout potential. Maund described the company’s volume pattern as “highly bullish,” noting that the increased trading activity suggested a shift in investor sentiment as they recognized the company’s potential. He explained that the rally forming the right side of the Cup was fueled by “the growing realization of the positive implications of the tariff barriers for domestic U.S. copper companies like Giant Mining.” [OWNERSHIP_CHART-11069]

Maund also highlighted that the pattern’s duration had allowed the 200-day moving average to flatten, positioning the stock for further gains. He noted that a “bullish cross of the moving averages” would confirm the start of an upward trend. Examining the company’s longer-term performance, he pointed out that Giant Mining had traded above CA$4.00 in early 2023 and as high as CA$140 in early 2021, adjusted for share rollbacks. Copper was trading at CA$0.41 (US$0.29) on March 4, the time of this report. Maund concluded that the company was “a bargain” at current levels and stated that “this is, therefore, considered to be 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:

1. 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.
2. 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.
3. 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, )

Source: https://www.streetwisereports.com/article/2025/03/21/drilling-set-to-begin-at-majuba-hill-as-copper-tops-us-5-12-lb.html