09:38 AM EST - Giant Mining Corp. : Announced an update on its Friday Gold Project, located at Orogrande, approximately 16 km south-southwest of Elk City in the Orogrande Mining District, Idaho, USA, in which the Company holds a 20% ownership stake. The Historical NI 43-101 Mineral Resource Estimate ( “MRE” ) dated Effective February 19th, 2013 entitled "Technical Report, Idaho Gold Project, Idaho County, Idaho, USA" did not include drilling that took place after the Effective date of the MRE. The NI 43-101 historical resource estimate was based on the results of approximately 30,480 meters (100,000 ft) of drilling, 70 core holes with 17,368 meters (56,981 ft) and 107 RC holes with 13,141 meters (43,115 feet) of drilling. Grades as high as 447.81 g/t gold were noted in the report. David Greenway, CEO of Giant Mining, recently stated, “We couldn’t be more excited that gold is trading at an all-time near $2,700 per ounce. We are eager to provide an updated overview of Giant’s 20% shareholding in the Friday Gold Project—a value we believe the market has yet to fully reflect in our company’s market cap. With 1.237 million ounces of gold indicated and inferred, and the potential for further expansion by incorporating 14 already drilled holes with outstanding results, the project remains open in all directions, with several new targets. We believe the time is right to update the NI 43-101 and unlock the full potential of the Friday Gold Deposit for all stakeholders.” Giant Mining Corp.
shares C.BFG are trading unchanged at $0.31.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=BFG%3ACNX&qmodStoryID=5855417489708422
