Nevada Copper Drilling Finds Excellent Expansion Zones

Source: Streetwise Reports 05/05/2025

The Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) Nevada drilling program hits visible copper at 1,600 feet, signaling massive potential gains as global copper supplies tighten. Read more to explore how this discovery positions the company amid surging demand and tariff-driven supply shifts.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) has announced that its ongoing diamond core drilling program at the Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada, has extended Hole MHB-34 beyond 1,600 feet (487.68 meters), encountering visible native copper, cuprite, and chalcopyrite. These mineral types are important because native copper refers to metallic copper found in its pure form, cuprite is a copper oxide mineral, and chalcopyrite is a primary copper sulfide mineral, often associated with large copper deposits. According to the company, the consistent presence of these minerals at depth suggests the drill is approaching a key copper sulfide zone.

As Larry Segerstrom, a member of Giant Mining’s Board of Directors, stated, “The strong presence of cuprite, native copper, and chalcopyrite in MHB-34 suggests we may be on the edge of the primary copper sulfide zone. We look forward to receiving the assays.”

In the news release, CEO David Greenway added that the drilling progress exceeded the company’s initial expectations. “In my entire career, I’ve never seen drill core like this, it’s truly extraordinary. With visible native copper extending beyond 1,600 feet, we’ve blown past our original drilling expectations,” Greenway noted. He emphasized the project’s advantages, including its location in a mining-friendly jurisdiction and access to infrastructure such as well-maintained roads, power supply, transportation routes, and areas suitable for processing and waste management.

Majuba Hill spans 9,684 acres and has undergone over 83,930 feet of drilling to date, with prior development costs estimated at US$10.4 million. The project has historical production records of approximately 2.8 million pounds of copper, 184,000 ounces of silver, 5,800 ounces of gold, and 21,000 pounds of tin. The current 2025 Core Program aims to build on high-grade copper mineralization intersected in earlier holes and advance toward a new Mineral Resource Estimate (MRE). Quality assurance and control (QA/QC) measures include industry-standard practices, with samples analyzed for copper, gold, silver, and other elements at ALS Labs using established fire assay and four-acid digestion methods.

Nevada remains a globally ranked mining jurisdiction, topping the Fraser Institute’s 2022 Annual Survey of Mining Companies. As Leo Hathaway, P. Geo and member of the Board of Advisors, commented, “With years of experience working on porphyry copper deposits worldwide, I see Majuba Hill as a highly compelling project.” Giant Mining has committed to providing shareholders with regular updates, including assay results and geological observations, as drilling continues.

Navigating Global Pressures and Shifting Supply Trends in the Copper Market

At the SMM Copper Conference on April 23, Jianhua Ye, Director of Big Data at SMM, outlined a mixed outlook for the copper sector. Ye pointed to several headwinds, including geopolitical tensions, tariff uncertainty, and weak manufacturing performance across major economies. He explained that “the copper/gold ratio declined, reflecting strong market risk aversion sentiment.” Structural challenges also weighed on the sector, with Ye noting that the “shortage of copper concentrates has intensified” and that near-term improvements in supply and demand were unlikely.

SMM reported that China’s copper cathode imports from traditional suppliers such as Chile and Peru had fallen, while imports from African sources increased. Ye anticipated that “domestic copper cathode inventories are expected to decrease rapidly” as a result of this shift. On the demand side, he observed divergence between sectors: while construction remained in a negative growth trend, China’s State Grid Corporation planned to invest over 650 billion yuan in 2025 to support energy infrastructure, signaling sustained copper use in renewable energy and electrification. Ye forecast that “copper consumption in the construction sector” would fall nearly 2% year over year in 2025 but said medium- and long-term demand fundamentals tied to new energy and EV adoption remained supportive. He also highlighted the market’s reaction to newly imposed US tariffs, which briefly lifted COMEX copper prices in the first quarter before trade tensions and dimmer economic expectations applied downward pressure in the second quarter. SMM concluded that “as the negative sentiment from the trade war subsides,” copper prices may stabilize in the second half of the year, though surplus risks could persist.

Maund updated his rating on Giant, saying the company was a Strong Buy. He said the first target for an advance was CA$0.30 (which the company hit today!). His second target is CA$0.60.

According to Finimize on April 29, copper extended its gains as prices reached US$9,458.50 per tonne on the London Metal Exchange (LME), driven by strong Chinese demand, restocking activity ahead of the Labor Day holiday, and a stronger yuan.

Finimize reported that this restocking, combined with tight global supplies, led to regional supply constraints and elevated premiums. The Yangshan copper premium, a widely watched indicator of Chinese import appetite, climbed to US$93 per tonne, the highest since December 2023. Additionally, the premium between LME cash and three-month contracts reached US$30 per tonne, reflecting supply tightness, particularly across Asian markets. Finimize also noted that “US tariff speculations boosted copper stocks by 40% at COMEX warehouses,” which shifted more copper inventory toward the US and helped sustain high global premium levels.

Additionally, a report from Proactive Investors on April 29 stated that copper prices rose 0.8% to US$4.89 per pound as China’s copper stockpiles faced sharp declines. A report from the Financial Times, citing experts at commodities trading firm Mercuria, warned that China’s copper inventories could be exhausted within months, largely due to the diversion of copper supplies toward the United States. The shift was driven by fears of upcoming US tariffs, which led to a surge in American demand ahead of the Trump administration’s planned trade levies. Data from the Shanghai Futures Exchange showed that Chinese copper stocks fell by nearly 55,000 tonnes to 116,800 tonnes last week, marking the largest recorded weekly drop. A metals expert from Mercuria cautioned that “at the current pace of draws, those Chinese inventories could deplete [to zero] by the middle of June,” underscoring the country’s “razor-thin” buffer to meet domestic copper needs. Copper prices, which had climbed from under US$4 per pound at the start of the year to over US$5.20 in late March, retreated slightly following the tariff announcement but remained elevated as of Tuesday.

Key Momentum Ahead: Catalysts and Competitive Positioning

Giant Mining’s April 2025 investor presentation highlights several near-term catalysts and competitive advantages tied to its Majuba Hill Copper Project. The 2025 drill program includes four follow-up and extension holes targeting previously identified mineralized zones and an additional test hole exploring a high-potential southern resistivity anomaly flagged by the company’s ExploreTech artificial intelligence program. This program is flexible, with a minimum drilling goal of 2,600 feet (792 meters) and no maximum cap, allowing adaptation based on real-time results.

Management, led by CEO David Greenway and CFO Natasha Doe, draws on decades of combined experience across mining, finance, and strategic development. The company also benefits from technical leadership provided by Senior Geologist and Qualified Person Buster Hunsaker, who has overseen a multi-year exploration effort combining geological mapping, soil sampling, geophysical surveys, and drilling campaigns.

The investor presentation also outlines the project’s relevance to global copper demand trends, emphasizing copper’s essential role in electric vehicle (EV) manufacturing and the broader energy transition. The presentation cites industry figures showing that each EV requires approximately 183 pounds of copper, a figure that underscores the importance of copper mining projects like Majuba Hill as part of meeting future supply needs. With existing infrastructure, historic high-grade production, and expansion potential supported by the current drilling campaign, Giant Mining positions itself as a U.S.-based contributor to the critical minerals supply chain.

Expert Insights: Technical Signals Point to Opportunity at Giant Mining

On March 5, Technical Analyst Clive Maund provided a positive assessment of Giant Mining Corp., emphasizing that it was “an excellent time to buy Giant Mining or add to positions in it.” According to Maund, the company had just completed a significant Cup and Handle base pattern on its 10-month chart, a technical formation often viewed as a bullish indicator. He highlighted that the pattern was supported by a “highly bullish volume pattern,” noting that the strong volume on the rally to complete the right side of the cup signaled a genuine and promising setup. Maund explained that this pattern reflected a growing realization among investors that Giant Mining was “turning the corner” and positioned to succeed, particularly in light of the positive implications of tariff barriers for domestic U.S. copper companies. [OWNERSHIP_CHART-11069]

*On May 2, 2025, Maund shared an update on Giant Mining. While Maund said in the March report that it was a good time to add positions of Giant Mining, in his May article, Maund updated his rating on Giant, saying the company was a Strong Buy. He said the first target for an advance was CA$0.30 (which the company hit today!). His second target is CA$0.60.

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. 

As of April 29, Giant Mining Corp. has a market capitalization of approximately CA$17.17 million, based on a closing share price of CA$0.23.

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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* Disclosure for the quote from the Clive Maund article published on May 2, 2025

1. For the quoted article (published on May 2, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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

Source: https://www.streetwisereports.com/article/2025/05/01/nevada-copper-drilling-finds-excellent-expansion-zones.html