Giant Mining Corp. Advances Metallurgical Test Work at Majuba Hill Nevada Copper-Silver-Gold Project as Metal Prices Hit Records

Core Viewpoint - Giant Mining Corp. is planning additional metallurgical test work to enhance the understanding of copper, silver, and gold recoveries at its Majuba Hill Copper-Silver-Gold Project in Nevada, amidst rising commodity prices [1][3]. Company Developments - The planned metallurgical work aims to refine the understanding of recoveries across different mineralization zones: oxide, transition, and sulphide [2]. - Historical drilling at Majuba Hill has shown high-grade copper and silver mineralization, with notable results such as Hole MHB-30, which averaged 2.6% Cu and 30.1 g/t Ag over 74.0 ft [2]. - The company is currently working with RESPEC Company LLC to refine the geological model and incorporate silver assays to better delineate the multi-metal potential of the project [2]. Market Context - Recent all-time highs in copper, silver, and gold prices are creating a favorable market environment for the Majuba Hill project, with copper reaching US$5.94/lb and currently trading at approximately US$5.21/lb, silver at US$58.85/oz and currently around US$57.65/oz, and gold at US$4,381.58/oz and currently at approximately US$4,216/oz [7]. - The company believes that the historical work indicating copper recoveries of up to 80% and silver recoveries of up to 75% supports the potential for the project [3]. Metallurgical Program Objectives - The metallurgical program aims to assess oxide, mixed, and sulphide mineralization domains, improve recovery processes, evaluate multi-stage processing options, and generate new technical data for future economic studies [10][11]. - Historical metallurgical findings have provided encouraging indications for processing potential, reinforcing the company's confidence to expand mineralization through ongoing exploration drilling [8]. Project Characteristics - Majuba Hill is located in a top-ranked mining jurisdiction in Nevada, covering 9,684 acres with strong local infrastructure, which offers significant cost advantages [10][12]. - The project has a history of approximately 89,395 feet of drilling, indicating a potentially large mineralized body with significant expansion potential [12]. - The company has secured funding for the next phase of drilling at Majuba Hill, indicating a commitment to advancing the project [12].