(via TheNewswire)
The Common Shares of the company recently commenced trading on the Canadian Securities Exchange (“CSE”) under the new ticker symbol "BFG." This change to a new stock ticker symbol on the OTC Markets is part of the Company's recent rebranding to
Learn more by visitingwww.giantminingcorp.com
About
Table 1
Model(1) | Tonnes (Bickel, 2023) | (Bickel, 2023) | Calculated |
Exploration Target - All | 50,000,000 to 100,000,000 | 0.15% to 0.30% | 165,000,000 to 660,000,000 |
Exploration Target - High Grade | 10,000,000 to 20,000,000 | 0.40% to 0.80% | 88,185,000 to 352,739,000 |
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Exploration
An exploration corridor is emerging as the primary focus zone based on recent and historic drilling, geochemistry, and geophysics. Core drilling intersected a thick oxide zone that outcrops at the surface and extends up to 550 meters (1804 feet) deep. Copper enrichment is shown by deeper zones of native copper intersecting beneath the overlying copper oxides.
The Company is gearing up for an important exploration year in 2024, with plans to significantly expand drilling efforts aimed at exploring the depth and breadth of copper mineralization, which could define the
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MHB-9:980 ft (298.6 meters) Native Copper
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MHB-2: 111.5 to 120.5 feet (34.0 to 36.7 meters)
Exploration Program 2024
The Company is using funds from the Placement to advance our exploration and development program, as outlined in the recent recommendations of the NI43-101 report. The company has committed to drilling 16 reverse circulation (RC) holes and two shallow metallurgical core holes, aimed at evaluating the mineral potential and optimizing future extraction methods. Additionally, Giant Mining will initiate a metallurgical study to enhance our understanding of mineralization and processing efficiencies. Furthermore, our exploration depth will be extended with the drilling of two deep core holes, each reaching 3,500 feet. This strategic investment in deep-core drilling will help precisely assess the vertical extent of mineralization and contribute substantially to our resource evaluation efforts.
Qualified Person
The scientific and technical information contained in this news release has been reviewed by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").
About
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the
“David Greenway”
President & CEO
For further information, please contact:
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although
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1 Sourced Online:https://www.marketindex.com.au/copper
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