Northwire Canada EditionMonday, August 3, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Giant Mining Highlights Tourmaline Breccia Pipe Controls to Copper and Silver Zones at Majuba Hill Copper-Silver-Gold Project in Nevada

BFG · Price

Executive Summary

  • Giant Mining released new assay results from core holes MHB‑30 and MHB‑32 at the Majuba Hill Project, showing high‑grade copper, silver, and anomalous gold associated with tourmaline breccia pipes.
  • The release highlights the project's multi‑metal potential (Cu‑Ag‑Au), recent record commodity price environment, and confirms that the next phase of drilling is fully financed.
  • Giant Mining entered a one‑year marketing/PR agreement with Plutus Invest & Consulting GmbH, paying an initial €120,000 (up to €480,000) for European investor awareness services.

Key Details

  • Assay Highlights: Significant intercepts in core holes MHB‑30 and MHB‑32 returned high‑grade copper and silver values plus anomalously high gold; specific grades are listed in Table 1 of the release.
  • Breccia Pipes: Tourmaline breccia pipes identified in drill core, historic underground workings, and surface outcrops; these structures host the noted high‑grade mineralization.
  • Project Scale & Infrastructure: 9,684 acres located 113 km SW of Winnemucca and 251 km NE of Reno, Nevada; accessible via well‑maintained county roads with existing power and water infrastructure.
  • Drilling History: Approximately 89,395 ft drilled to date, with a rough replacement value of US$12.1 million at current costs.
  • Commodity Context: Copper $6.07/lb (Jan 2025 high), Silver $93.22/oz (Jan 2025 high), Gold $4,794.85/oz (Dec 2025 high); all trading near historic peaks, enhancing project economics.
  • Financing Status: The company has secured funding for the next drilling phase; no additional capital raise disclosed in this release.
  • Qualified Person Review: Technical information reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137 (NI 43‑101 Qualified Person).
  • Marketing Agreement: One‑year agreement with Plutus Invest & Consulting GmbH effective Jan 2 2026; initial fee €120,000, expandable to €480,000 for additional services; no securities issued as compensation.

Notable Quotes

“Majuba Hill is demonstrating the hallmarks of a large, copper‑silver mineralized system with meaningful gold potential. Silver prices have increased by more than 150 % over the past 12 months, strengthening the economics of silver‑rich copper projects like Majuba.” – David Greenway, President & CEO


Materiality Assessment: Material – Positive – The release provides new high‑grade assay results and confirms financing for continued drilling, indicating significant advancement of a multi‑metal exploration asset in a favorable commodity environment.

Read the original news release →

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