Giant Mining Plans Up to 10,000-Foot Multi-Phase Drill Program at Majuba Hill Copper-Silver Project, Nevada
(TheNewswire)
VANCOUVER, BC — January 30, 2026 — TheNewswire - Giant Mining Corp. (CSE:BFG | OTC: BFGFF | FWB: YW5 | CSE: BFG.WT.A | CSE: BFG.WT.B.)(“Giant Mining” or the “Company”) ispleased to announce the Company is planning Up to 10,000 Feet (3,048Meters) of drilling in a multi phased drill program (“Drill Program”) and explorationprogram at the Company’s 9,684 acre flagship Majuba Hill ProjectCopper-Silver-Gold Project in Pershing County, Nevada.
The multi phased Drilling and Exploration Program isanticipated to include
Phase 1 – Up to 5,000-foot (1,524 meters) Core DrillProgram
Underground Mapping and Sampling
Additional Surface Sampling for Additional Follow UpDrill Targeting
Phase 2 – Up to 5,000-foot (1,524 meters) Core DrillProgram
The multi phased drilling and exploration program willbe guided by over 100 previous drill holes across more than 89,000feet of drilling and will include input from RESPEC Engineering.Recent reviews of the 2024-2025 exploration results, including alldrilling, surface geologic mapping, and surface geochemical samplinghis identified numerous mineralized breccia bodies (See NR dated January 16,2024). Intercepts in multiple drillholes returned high grade copper and silver as well as long intervalsof anomalous gold. The high-grade intercepts typically occur withinhydrothermal-magmatic tourmaline matrix breccias and on the margins oftourmaline matrix breccia pipes.
David Greenway, President and CEO of Giant Mining“This planned multi-phase drill andexploration program represents an important next step in advancingMajuba Hill. Our focus is on systematically testing prioritycopper-silver targets informed by geological mapping, surfacesampling, and the project’s extensive historical dataset. MajubaHill is a large, well-located system in a proven Nevada miningjurisdiction, and this program is designed to refine our understandingof the controls on mineralization and support continued, disciplinedexploration. With strong infrastructure, year-round access, and aphased approach to drilling, we believe Majuba Hill offers compellingpotential as we work to unlock additional value for shareholders andcontribute to America’s priority of securing a domestic, reliablesupply of critical copper and silver.”
Breccia Zones
Key characteristics typically associated withintrusive-related tourmaline breccia pipes that have been identifiedinclude:
High-grade zones in shingle clast breccias adjacent tosharp breccia contacts and hydrothermal-magmatic breccias
Multielement associations (Cu, Ag, Au, Mo, As, andBi)
Downward flaring geometry (inverted cone)
Long vertical extent (3000 feet/1000 m)
Disseminated copper mineralization related to potassicaltered intrusions
Target Breccia Zones
Three breccia zones (Southern, Ball Park, and NorthernBreccia Zones) will be targeted for drilling in the 2026 Phase 1program. The breccia zones are outlined based on recent and historicdrilling, 3D grade and geologic modeling, and surface geochemistry.The zones are located at the intersection of northwest and northeaststructural corridors (see Figure 1).
In the Southern Breccia Zone detailed undergroundmapping and sampling is in progress to identify breccia margins in theaccessible underground workings. Surface mapping is also in progresson the Ball Park Breccia and will soon commence in the NorthernBreccia Zone to delineate the breccia margins.
Additional surface sampling and reconnaissance geologicmapping is planned for the DeSoto, Copper-Gold, Section 4 Targets (seeFigure 1). These targets have been outlined by the ongoing explorationof the Company from property-wide soil geochemistry and geophysics.The recent breccia and project reviews have highlighted these areasfor additional follow-up that may warrant drilling during Phase2.
Figure 1: Majuba Hill showingSouthern, Northern, and Ball Park Breccia Zones, tourmaline brecciapipes, and regional faulting
Breccia Formation at Majuba Hill
Hydrothermal-magmatic breccias and breccia pipes atMajuba Hill formed by the explosive release of gas-rich fluids fromcooling magma bodies. The breccias are composed of breccia clasts(which are broken fragments of the surrounding rocks) that arecemented together by a matrix material (which is typically composed ofquartz, tourmaline, sulfides, and oxidized sulfides). Core from holeMHB-2 is an excellent example of a mineralized breccia (see Figure2).
Figure 2: Core Hole MHB-2 showing brown and tan brecciaClasts with blue oxidized copper Matrix (azurite and malachite)cementing Clasts. Left Photo: Clasts and Matrix labeled
The importance of breccias related to copper depositshas been documented since the early 1900’s. Modern exploration and mining have developed very descriptiveconceptual models with key features. Figure 3shows the stages of development of a tourmaline breccia pipe.
Figure 3: Tourmaline Breccia Pipe Conceptual Model(modified Kirwin, 2018)
Breccia Targeting at Majuba Hill
Giant has assembled a comprehensive explorationdatabase from all drilling, geologic mapping, soil and rockgeochemistry, and geophysics. The recent Breccia Study reviewed the 3Dgeology and mineralization modeling from the database, identifyingnumerous breccia bodies and mineralized breccias that are prioritytargets for the 2026 program. Phase 1 drilling in 2026 will comprisesix to eight holes totaling up to 5,000 feet of core targeting brecciamargins across three main tourmaline breccia zones. With the goal ofcutting both sides of the pipes into high-grade copper (+/-silver andgold).
Two fences are planned for the Southern Breccia Zone(see Figure 4). Drill fences will be located toexplore for the continuation of the high-grade intercepts in coreholes MHB-30 and MHB-32 and to extend the mineralization further upalong the margins of the pipe to the peak of Majuba Mountain. MHB-30and MHB-32 returned high grade copper and silver as well as highlyanomalous gold. The high-grade intercepts correlate with the marginsof the breccia pipes (see Table 1).
Hole | Interval (m) | From (m) | To (m) | Cu (%) | Ag (ppm) | Au (ppm) | Interval (ft) | From (ft) | To (ft) | Observe Breccia Margin | |
MHB-30 | Entire Hole | 243.8 | 0.0 | 243.8 | 0.43 | 24.60 | 0.03 | 800.0 | 0 | 800.0 | Yes |
66.4 | 0.0 | 66.4 | 1.35 | 73.40 | 0.07 | 218.0 | 0 | 218.0 | |||
includes | 22.6 | 42.7 | 65.2 | 2.72 | 30.73 | 0.09 | 74.0 | 140 | 214.0 | ||
MHB-32 | Entire Hole | 271.1 | 0.0 | 271.1 | 0.16 | 9.24 | 0.02 | 889.5 | 0 | 889.5 | Yes |
Significant Interval | 115.7 | 155.4 | 271.1 | 0.33 | 16.97 | 0.04 | 379.5 | 510 | 889.5 | ||
includes | 25.9 | 155.4 | 181.4 | 0.64 | 50.89 | 0.06 | 85.0 | 510 | 595.0 | ||
also includes | 51.7 | 219.5 | 271.1 | 0.42 | 9.73 | 0.02 | 169.5 | 720.0 | 889.5 | ||
with | 12.2 | 237.7 | 249.9 | 1.36 | 13.33 | 0.02 | 40.0 | 780 | 820.0 | ||
with | 3.0 | 245.4 | 248.4 | 4.36 | 35.65 | 0.04 | 10.0 | 805 | 815.0 |
Table 1: Assay Summary of significant intercepts forcore holes cutting known pipes
Figure 4: Southern Breccia Zone previous drilling andplanned drill holes.
One fence of holes is planned for the Ball Park BrecciaZone (see Figure 5). Surface mapping of limonite matrix breccias andrecent soil geochemical sampling (See NR November 19,2025) indicates the conical shapedhill could be the uppermost portion of a tourmaline breccia pipe (seeFigure 3). Historic drill hole MF-02 intersected:
120 ft (36.6 m) @ 0.51% Cu and 21.7 g/t Ag from 260 ftto 380 ft (79.2-115.8 m).
A geological description is not available for holeMF-02. However, MM-17, an adjacent core hole drilled:
94 ft (28.65 m) of tourmaline breccia from 302.8 to396.8 ft (92.3-120.9 m)
Figure 5: Ball Park Breccia Zone previous drilling andplanned drill holes.
One fence of holes is planned to test the NorthernBreccia Zone. These are step out holes to test prominent outcroppingtourmaline breccia and anomalous Cu, Mo, and silver in historic soilgeochemical anomaly (see Figure 6).
Figure 6: Ball Park Breccia Zoneprevious drilling and planned drill holes.
Majuba Hill’s critically important characteristicsare as follows:
Location: | Nevada, USA — a globally top-ranked miningjurisdiction, ranked #1 in the Fraser Institute’s 2022 Annual Surveyof Mining Companies. |
Project Size: | 9,684 Acres |
Infrastructure: | The Majuba Hill property is located 113 road kilometers(70 miles) southwest of Winnemucca, Nevada, and 251 kilometers (156miles) northeast of Reno. It is accessible via well-maintained countyroads from the Imlay, Nevada exit on U.S. Interstate 80, followed by a23-mile drive west. People, roads, power, and water are fundamentalconsiderations for infrastructure, and Majuba Hill already benefitsfrom a strong foundation in all these areas. This existinginfrastructure provides a significant advantage, offering substantialcost savings compared to more remote projects. |
History: | Historical Producer |
Drilling: | Approximately 89,395 feet of drilling to date. Roughreplacement value of drilling USD $12.1 Million using currentcosts. |
Mineralization: | The project shows indications of a potentially large Cu– Ag +/- Au mineralized body with many features in common with bothlarge porphyry copper, silver, and gold projects. |
Expandability: | The IP survey, deep drilling, and step-out drillingindicate significant expansion potential, with mineralization open inall directions. |
Fully Financed: | The Company has secured funding for its next phase ofdrilling at Majuba Hill. |
Qualified Person
The scientific and technical information contained inthis news release has been reviewed and approved by E.L. “Buster”Hunsaker III, CPG 8137, a non-independent consulting geologist who isa “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure forMineral Projects (“NI 43- 101”).
Marketing and Investor Awareness Disclosure
The Company has entered into an extension of itsagreement, dated January 23, 2026, with Gold Standard Media, LLC(“GSM”), pursuant towhich GSM and its affiliates will continue to provide advertising andinvestor awareness services to the Company. Such services include butare not limited to: (i) the creation and management of landing pages;(ii) digital marketing campaigns; (iii) email marketing; and (iv)influencer marketing. The extension term is foran additional two (2) months, through August 7, 2026, in considerationof total payments of up to US$450,000. GSM’s business address is 723W. University Avenue, Georgetown, Texas 78626, and it may be contactedby telephone at +1 512-843-1723 or by email at ceo@goldstandardir.com.GSM and its principals are arm’s length to the Company. No stockoptions or other securities will be issued to GSM as consideration forits services.
About Giant Mining Corp.
Giant Mining is focused on identifying, acquiring, andadvancing late-stage copper and copper/silver/gold projects to meetthe growing global demand for critical metals. This demand is drivenby initiatives like the Green New Deal in the United States andsimilar climate-focused programs worldwide, which require substantialamounts of copper, silver, and gold for electric vehicles, renewableenergy infrastructure, and the modernization of clean and affordableenergy systems.
The Company’s flagship asset is the Majuba HillCopper, Silver, and Gold District, located 156 miles (251 km) fromReno, Nevada. Majuba Hill benefits from a mining-friendly regulatoryenvironment and strong local infrastructure. While still anexploration-stage asset, the geological footprint and scale ofmineralization indicate that further work is clearly justified andthat the system may host significant copper potential.
Neither the Canadian Securities Exchange nor its MarketRegulator (as that term is defined in the policies of the CanadianSecurities Exchange) accepts responsibility for the adequacy oraccuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
E: info@giantminingcorp.com
P: 1 (236) 788-0643
VISIT OUR WEBSITE FOR MORE DETAILS
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Forward-Looking Statements
This news release contains forward-looking information,including but not limited to statements regarding planned explorationactivities and anticipated outcomes.
This news release contains certain forward?looking information. Suchinformation involves known and unknown risks, uncertainties and otherfactors that may cause actual results, performance or achievements tobe materially different from those implied by statements herein, andtherefore these statements should not be read as guarantees of futureperformance or results. All forward?looking statements are based on theCompany’s current beliefs as well as assumptions made by andinformation currently available to it as well as other factors.Readers are cautioned not to place undue reliance on theseforward?lookingstatements, which speak only as of the date of this press release. Dueto risks and uncertainties, including the risks and uncertaintiesidentified by the Company in its public securities filings, actualevents may differ materially from current expectations. Thesestatements involve known and unknown risks, including exploration,metallurgical, permitting, environmental, commodity price, and marketrisks. The Company disclaims any intention or obligation to update orrevise any forward?looking statements, whether as a result of new information,future events or otherwise.
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