Giant Mining Corp. Commences Drilling in March at Majuba Hill, Nevada

Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) has announced that drilling will commence in March at the Majuba Hill Porphyry Copper Deposit ("Majuba Hill"), a copper, silver, and gold project located in Pershing County, Nevada. This marks a significant milestone in the company's ongoing exploration efforts at the highly prospective site, which has the potential to become a major domestic copper deposit for the United States.

The upcoming drilling program is a key component of Giant Mining's strategy to advance exploration efforts at Majuba Hill. The company plans to drill 4 holes totaling 4,400 feet (1,340 meters) of core drilling within the existing exploration target area. A minimum of 2,600 feet will be completed, with the contract allowing for flexibility in the execution of the project. If the holes are in mineralization beyond the contemplated 1,100 feet (335 meters) per hole, the company has allowed for drilling to continue up to 1,600 feet (487 meters).

The Core Program is designed to follow up geology and mineralization intersected in core holes MHB-30 ("MHB-30") and MHB-31 ("MHB-31"). The planned drill program will target the Southern Breccia Corridor with holes oriented to intersect the high-grade mineralized breccia. Drilling will focus on the deeper portions of the breccia and the extensions of the high-grade copper zones below the historic underground workings.

Giant Mining has engaged Big Sky Exploration, LLC ("Big Sky") for the drilling campaign. Big Sky, which operates throughout the western United States, previously provided high-quality core drilling services at Majuba Hill in 2024. The company has also received over $1.5 million through the exercise of outstanding share purchase warrants issued under previous financings, which will fund the drilling program.

The commencement of drilling in March at Majuba Hill, Nevada, is expected to have a significant impact on Giant Mining Corp.'s financial projections and cash flow management. The company has allocated a substantial amount of capital for this drilling program, which is crucial for advancing the project and potentially increasing the company's market value. However, the ongoing market volatility and geopolitical uncertainties may pose challenges to the company's financial projections and cash flow management.

The drilling program is expected to cost approximately $1.5 million, which will be funded through the exercise of outstanding share purchase warrants issued under previous financings. This expenditure will have a direct impact on the company's cash flow, as it will reduce the available cash on hand. As of February 28, 2025, Giant Mining Corp. had approximately $1.6 million in cash and cash equivalents. The drilling program will consume a significant portion of this cash, potentially leading to a decrease in the company's liquidity.

The market volatility and geopolitical uncertainties may affect the company's ability to raise additional capital through equity or debt financing. If the company is unable to secure additional funding, it may face challenges in maintaining its drilling program and advancing the project. This could lead to delays in the project's timeline and potentially impact the company's financial projections.

However, the commencement of drilling at Majuba Hill also presents an opportunity for the company to generate value for its shareholders. If the drilling program is successful in identifying significant mineral resources, it could lead to an increase in the company's market value and potentially attract additional investment. This could help offset the impact of the drilling program on the company's cash flow and financial projections.

In conclusion, the commencement of drilling in March at Majuba Hill, Nevada, is expected to have a significant impact on Giant Mining Corp.'s financial projections and cash flow management. The company will need to carefully manage its cash flow and potentially seek additional funding to ensure the success of the drilling program. However, if the drilling program is successful, it could generate significant value for the company and its shareholders.