Copper Explorer Hits Key Depth in Nevada

Source: Streetwise Reports 04/16/2025

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) reached over 1,000 feet in its Nevada drill program, advancing Majuba Hill toward a new resource estimate amid rising prices and sector momentum. Read more to see how drilling progress and policy shifts are shaping copper exploration opportunities.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced that its ongoing diamond core drilling program at the Majuba Hill copper-silver-gold project in Pershing County, Nevada, has reached a key depth milestone. During a recent site visit, executives observed the third drill hole of the 2025 campaign, MHB-34, exceeding 1,000 feet (approximately 304.8 meters), highlighting continued progress toward expanding the project’s mineral resource base.

Hole MHB-34 follows the completion of MHB-33, which was drilled by Big Sky Exploration, LLC, and has since been tagged and sampled on-site. These efforts are part of a five-hole drill campaign aimed at advancing Majuba Hill toward a new NI 43-101 compliant Mineral Resource Estimate. Core samples from a previously drilled hole, MHB-32, are currently undergoing systematic sawing and will be sent to ALS Group USA’s laboratory in Elko, Nevada, for assay testing. According to the company, these samples will be analyzed for copper, silver, gold, and other elements to further refine the geological understanding of the project.

David Greenway, CEO of Giant Mining, stated in the April 15 news release, “The Company has now collectively drilled over 2,500 feet of development drilling in 2025, adding to the drill database of over 80,000 feet of past drilling and over 100 historical holes of development and deposit understanding at Majuba Hill.” He added, “This is another step toward advancing Majuba Hill toward our ultimate goal of a new NI 43-101 mineral resource estimate.”

The Majuba Hill project sits on 9,684 acres of mining claims and private land in Nevada, which the Fraser Institute has ranked as the top global mining jurisdiction in recent years. Located 70 miles southwest of Winnemucca and 156 miles northeast of Reno, the site benefits from established infrastructure, including road access and proximity to power and water resources. Historic underground production at Majuba Hill has yielded 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold.

The company’s ongoing drill program is a continuation of previous campaigns that intersected high-grade copper mineralization in breccias from holes MHB-30 and MHB-31 in 2024. These efforts are also supported by a quality assurance and control program that includes fire assays, four-acid digestion, and use of industry-standard certified reference materials. Giant Mining also noted that approximately 4,000,000 tradeable warrants (CSE:BFG.WT) remain outstanding, with an expiration date of May 1, 2025.

The Shifting Landscape of the Copper Sector

Copper prices experienced renewed volatility in April as markets responded to shifting US trade policies. According to an April 10 report by The Wall Street Journal, copper futures rose sharply following President Trump’s announcement of a 90-day pause on new tariffs. This marked a partial reversal from the previous week when copper prices had fallen 16 percent from record highs after a new wave of tariffs had been announced. The policy shift lifted broader market sentiment, with The Wall Street Journal noting that copper was among the commodities rallying alongside oil and gold. However, risks remained, particularly as tariffs on Chinese imports were raised to 125 percent, a move that could reduce industrial demand for copper in key manufacturing applications such as electronics and construction.

A subsequent April 15 article by Bloomberg detailed how major US copper stakeholders responded to tariff uncertainty by urging the administration to restrict copper exports rather than impose new import duties. “The Trump administration should consider implementing export restrictions on domestically produced copper concentrate and copper scrap,” Rio Tinto wrote in public comments submitted to the Commerce Department. Southwire Co. echoed that sentiment, stating that “the administration should focus on regulatory reform and restrictions on U.S. copper exports as the primary tools to grow the U.S. industry.”

Bloomberg also reported that the proposed export curbs were part of a broader industry push to stabilize domestic supply chains and reduce price volatility. Scrap copper, which accounts for roughly one-third of global supply, has been a focal point of the debate. The U.S. exported approximately 600,000 tons of waste copper last year, more than half of which went to China. Ryan McKay, senior commodity strategist at TD Securities, stated that export restrictions “would lead to tighter refined supply and drawing inventory,” particularly in China, where smelters are facing a shortage of semi-processed ore.

Meanwhile, market indicators showed an easing of recent price spikes. According to Bloomberg, the premium for Comex copper over London Metal Exchange futures narrowed from 20 percent in late March to around 14 percent by mid-April, reflecting some retreat in speculative pricing as policy directions became less clear.

In a report published the same day by Nai500, copper prices continued to rise in early trading, supported by a temporary suspension of tariffs on key electronics like smartphones and memory chips. Copper futures for May delivery on COMEX reached US$4.623 per pound, while London Metal Exchange prices increased 0.5 percent to US$9,195 per ton. The article also cited new trade data from China showing that metal exporters accelerated shipments ahead of anticipated U.S. tariffs, contributing to a temporary spike in supply activity.

In addition to short-term price dynamics, structural issues in global copper markets were highlighted. Nai500 cited a macroeconomic forecast by Goldman Sachs revising the 2025 copper market from a projected 180,000-ton deficit to a 100,000-ton surplus. The shift was attributed to slower-than-expected refined demand growth, which the bank now anticipated to rise just 1.5 percent in 2025 and 2.3 percent in 2026.

In an April 15 interview with Fastmarkets, Katie Jackson, CEO of Rio Tinto Copper, characterized the current situation as “a period of volatility” but emphasized that the company maintained long-term confidence in copper fundamentals. “Fundamentally, I think everybody still sees that the world is electrifying at pace. Copper is lucky enough to be the best way of conducting electrical current, and that’s not changing any time soon,” she said.

Jackson also discussed the impact of tariffs on different parts of the value chain, noting that copper remained exempt from the universal 10 percent tariff implemented during the pause in broader trade restrictions. She stated that “the fundamentals of the market haven’t changed,” underscoring that copper’s geographic sources and centers of demand remained constant despite the geopolitical backdrop.

Pathways to Progress: Drilling Toward a New Resource Estimate

Giant Mining’s current momentum at Majuba Hill is supported by a well-defined exploration strategy focused on resource development and long-term positioning in the copper sector. According to the company’s April 2025 investor presentation, the 2025 drill program targets 4,400 feet (1,340 meters) of core drilling, including extension holes and a new test hole for the Southern Resistivity Anomaly identified by the ExploreTech AI program.

The project is fully financed for the year’s drilling campaign, providing operational stability as fieldwork progresses. With over 83,000 feet of cumulative drilling and extensive soil sampling and geophysical surveys conducted from 2020 through 2024, Majuba Hill has developed a substantial geological dataset. This foundation strengthens the company’s plans to define and model a potentially large porphyry-style copper-silver-gold system.

In addition to its geology, Majuba Hill offers logistical advantages. Located within reach of established mining centers and infrastructure, the site’s proximity to electric power lines and skilled labor hubs in Winnemucca and Elko reduces potential development costs. The property’s layout already accommodates critical infrastructure such as access roads, processing space, and tailings management areas.

The company highlighted copper’s essential role in the global energy transition, noting that electric vehicles require significantly more copper than traditional vehicles and that global copper demand is projected to grow annually through 2035. With strong fundamentals and strategic positioning, Giant Mining’s ongoing development at Majuba Hill seeks to align with rising long-term demand in copper-driven sectors such as electrification, renewable energy, and electric mobility.

Technical Analyst Highlights Bullish Setup for Giant Mining Corp.

In a March 5 analysis, Technical Analyst Clive Maund outlined a positive outlook for Giant Mining Corp., pointing to a bullish chart formation and strengthening external factors. He identified the emergence of a “big Cup & Handle base pattern,” calling it a classic indicator of a potential upward price reversal. Maund also noted a surge in trading volume during the rally on the right side of the pattern, stating this signaled that “the company is turning the corner.”

He further pointed to the positioning of moving averages, explaining that “another upleg from here will quickly result in a bullish cross of the moving averages,” which he believed could mark the start of “an important new bull market.”

Maund also referenced the broader policy environment, including proposed U.S. tariffs on copper imports. He stated that “the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining . . . more important” was beginning to shift sentiment in the company’s favor. [OWNERSHIP_CHART-11069]

Looking at historical price levels, Maund highlighted that the stock had traded significantly higher in previous years. “As recently as early 2023, it was trading at over CA$4.00, and if you go back further, you will find that it was trading as high as CA$140 early in 2021,” he wrote, suggesting current prices may offer an “excellent time to buy Giant Mining or add to positions in it.”

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$21.22 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. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

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.
4. 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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( Companies Mentioned: CSE: BFG;OTC:BFGFF;FWB:YW5, )

Source: https://www.streetwisereports.com/article/2025/04/16/copper-explorer-hits-key-depth-in-nevada.html