3D Mapping Program Targets Historic Underground Zones Ahead of 10000-Foot Drill Campaign
Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced that it has engaged Unmanned Aerial Services Inc. to conduct a high-resolution underground LiDAR survey at its Majuba Hill Copper-Silver-Gold Project in Pershing County, Nevada. The survey will be carried out by UAS Inc.’s U.S.-based team, with fieldwork scheduled for completion during the first two weeks of April 2026.
The program will focus on detailed 3D mapping of accessible underground workings, including approximately 3,000 feet of drifting within the Middle Adit and approximately 169 feet of development within the Upper Adit. The survey will also include a network of historical stopes, multiple adits typically ranging from 6 to 8 feet in height, narrow stope openings averaging 30 to 40 inches in width, and several historical raises and winzes, with accessible raises generally less than 50 feet in height. The company noted that certain deeper winzes and other areas may be inaccessible.
The LiDAR program is intended to generate a high-resolution digital model of underground workings to support structural interpretation, identification of historical mining orientations, and correlation with surface geology and drill data. The data is also expected to assist in targeting beneath and adjacent to historical workings. The company stated that interpretations derived from the survey are subject to limitations, including accessibility constraints and the need for geological interpretation.
David Greenway, President and CEO of Giant Mining Corp., said in a company news release, “The engagement of UAS Inc. to complete an underground LiDAR survey is intended to support the Company’s ongoing evaluation of the Majuba Hill project.”
The survey is being conducted in advance of the company’s previously announced up to 10,000-foot core drilling program. The LiDAR dataset is expected to be integrated with existing geological and geophysical data to refine drill collar locations and improve targeting precision, including areas beneath historical workings that have seen limited modern drilling. The company also noted that Majuba Hill hosts extensive historical underground development, including past work conducted by Freeport Sulphur Company in the 1940s.
The LiDAR program is part of the company’s broader 2026 exploration strategy, which includes an up to 10,000-foot diamond drill program targeting breccia-hosted and intrusive-related copper-silver-gold mineralization, along with the integration of historical data, surface exploration, and AI-assisted geological targeting.
Precious and Base Metals Markets Reflect Geopolitical and Interest Rate Pressures
Coulior Capital wrote on March 28 that precious and base metals markets had reflected mixed performance amid geopolitical developments and macroeconomic conditions. The report stated that “gold, silver, and platinum staged a sharp recovery on Friday, supported by renewed optimism around a potential de-escalation in the Middle East,” while noting that “the broader base metals group remained mixed, suggesting limited conviction among investors.” It added that “copper remained broadly stable during the week, edging up 0.2%, indicating resilience despite ongoing concerns around global growth and tighter financial conditions.”
The same report also described how monetary policy expectations influenced metals pricing, stating that “expectations of higher interest rates could continue to support government bond yields, creating a headwind for non-yielding precious metals.” It further noted that “expectations that interest rates are likely to remain elevated this year continue to weigh on non-yielding assets such as Silver.”
Kitco News reported on March 30 that precious metals prices had moved higher in early U.S. trading, stating that “gold and silver prices are higher in early U.S. trading today, as traders and investors stepped up their safe-haven buying as the war in the Middle East is still running hot.” The report added that “down-ticks in global government bond prices and higher crude oil prices today are also supportive for the two precious metals markets.” It also referenced broader market conditions, citing a Bloomberg report that said, “the market is now letting its imagination run wild about what the world might look like in a month’s time if there is no resolution by then” to the conflict.
According to reporting by Catherine Brock on March 31, gold prices had continued to respond to geopolitical developments, with “the gold price continues to react to headlines about the Iran war.” The article stated that “the yellow metal showed some strength on Tuesday after President Trump reportedly expressed willingness to exit the war before the Strait of Hormuz is reopened.” It also highlighted the role of interest rates, noting that “stable interest rates are better for the gold price than rising ones,” and that “higher rates increase gold’s holding costs and tend to result in weaker gold prices.”
The same March 31 report also addressed the broader nature of commodity pricing, stating that “commodity prices are dependent on macroeconomic, political, industrial, and financial factors that are unpredictable, and in some cases, unknowable.”
Technical Report Reviewed Exploration Activity and Assigned Speculative Buy Rating
1According to a February 11 report from John Newell of John Newell & Associates, Giant Mining Corp. was described as “a U.S.-focused copper exploration company listed on the CSE, with its primary asset being the Majuba Hill Copper Project in Nevada.” The report stated that the company had advanced the project over several years “through drilling, geophysics, and geological modeling, steadily building a large technical dataset while operating in one of the most mining-friendly jurisdictions in the world.”
Newell wrote that the Majuba Hill project is “a large, porphyry-style copper system located in Pershing County, Nevada, roughly 70 miles southwest of Winnemucca,” and noted that it “benefits from excellent infrastructure, road access, nearby power, and a long history of mining activity.” He also stated that “historic underground production at Majuba Hill dates back to the early 1900s and includes copper, silver, gold, and tin.”
The report stated that multiple drill campaigns had been completed between 2020 and 2025, noting that “Giant Mining has completed more than 100 drill holes totaling over 80,000 feet of drilling.” Newell added that “recent programs have focused on expanding known copper mineralization, testing deeper sulphide targets, and following up on resistivity anomalies generated through modern geophysics and AI-assisted targeting.”
In addition to Majuba Hill, the report referenced another asset, stating that “Giant Mining Corp. holds a 20% ownership interest in the Friday Gold Project, located in the Orogrande Mining District of Idaho, approximately 16 kilometres south-southwest of Elk City.” It further noted that the project hosts “a historical NI 43-101 mineral resource estimate totaling more than 1.2 million ounces of gold across indicated and inferred categories at grades near 1.0 g/t gold, based on a 2013 technical report.”
Regarding leadership, Newell wrote that “Giant Mining Corp. is led by a management team that combines capital markets experience with deep technical and operational expertise in copper exploration and development.” The report added that David Greenway “brings more than 20 years of experience in building, financing, and advancing public companies, with a strong emphasis on the resource sector.”
Newell gave Giant a Speculative Buy rating in his article, and a long-term target price of CA$2.74.
Ongoing Exploration Programs and Drilling Activities
The company’s previously announced exploration activities include an up to 10,000-foot diamond drill program designed to test newly identified breccia targets, extensions of mineralization at depth, and zones beneath historical underground workings.
The LiDAR survey is being completed in parallel with this drilling program and is expected to contribute data that will be integrated with historical datasets, surface exploration results, and AI-assisted geological targeting methods used as a supplementary tool.
According to the investor presentation, a multi-phase drill program spanning 2020 through 2024 has been completed at Majuba Hill, followed by a 2025 exploration program with core drilling that commenced in the first quarter and was completed.
The investor presentation also describes prior drilling and exploration work, including the completion of drill hole MHB-33 during the 2025 program, which reached a depth of approximately 950 feet, with core samples processed for analysis.
Ownership and Share Structure2
Roughly 15.1% of Giant Mining’s shares are held by insiders, while the rest are owned by retail investors.
The company’s market capitalization is approximately CA$22.16 million. Giant has 116.2 million shares outstanding and a 52-week range of US$0.0880 and US$0. 0.3175.
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1. Disclosure for the quote from the John Newell article published on February 11, 2026
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it’s advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
