ESG - Major Infrastructure Project To Enhance Access at Majuba Hill Copper Deposit | Benzinga
Source: Streetwise Reports 06/19/2024
Giant Mining Corp. (OTC: BFGFF) has announced its engagement with Legarza Exploration for the construction of new roads and drill sites at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada. This project, which includes copper, silver, and gold resources, aims to enhance safe and efficient access for exploration drill rigs. Most of the proposed road work has received approval from the State of Nevada Department of Conservation & Natural Resources and the Bureau of Mining Regulation and Reclamation (BMRR). However, the company is still awaiting approval from the Winnemucca District Office of the Bureau of Land Management (BLM) for a small section of the road.
David Greenway, President and CEO of Giant Mining Corp., stated, "We are excited to advance our operations at Majuba Hill with the construction of this new road. Engaging Legarza for this crucial infrastructure project underscores our commitment to ensuring safe and efficient access to our drilling sites. This development marks a significant step forward in our exploration and operational plans for the upcoming drill season."
The new road and site construction will support drilling activities at Majuba Hill, including 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. The company also plans to drill two deep core holes, each reaching depths of up to 3,500 feet (1,066 meters).
Mining and Minerals
The mining sector is experiencing significant positive trends, including increased project pipelines and exploration activities, driven by the growing demand for minerals essential for the global energy transition. Investments are pouring into the sector to address the need for minerals like copper, which are vital for renewable energy technologies and electric vehicles.
As noted in a February report on Mining.com, this surge in demand is encouraging mining companies to innovate and adopt more eco-friendly techniques and technologies to meet environmental, social, and governance (ESG) standards. The report adds that the mining sector is embracing advances in expertise and technology to tackle environmental and social challenges. This shift is helping to create a more responsible mining industry that can efficiently meet the rising demand for critical minerals.
Copper, in particular, is seeing a notable resurgence. "The recent rebound in copper prices to near new all-time highs suggests the market increasingly recognizes the reality of long-term supply constraints. These are prompting market participants to ...