en.Wedoany.com Reported - Copper One Resources Corp. (CSE: BFG; OTC: BFGFF; FWB: YW5) has commenced drilling at its Redhill copper-zinc project, located south of Ashcroft in the Kamloops mining district of British Columbia, Canada. The Phase 1 drilling program is designed to test priority volcanogenic massive sulfide targets and follow up on historical drilling and geophysical work that identified copper-zinc and gold-silver mineralization, hydrothermal alteration, and sulfide-bearing volcanic units within the claim area.
The initial program includes approximately 3,000 meters of diamond drilling across 10 holes. Copper One has engaged Paradigm Drilling Ltd. to execute the program, utilizing a Boyles B-15 hydraulic track-mounted diamond drill rig equipped with NQ tooling, capable of testing targets at depths exceeding 600 meters. The initial drill platforms have been permitted and are being prepared, with the company planning for expanded drilling to assess the continuity of VMS-style copper-zinc mineralization along structural and geophysical trends.
David Greenway, Chief Executive Officer, stated in a company press release that the commencement of drilling at Redhill marks a significant milestone in advancing the company's VMS exploration opportunities in British Columbia, and that the program contributes to building a diversified copper exploration asset portfolio in a top-tier mining jurisdiction.
The Redhill claim block consists of 18 mineral claims covering approximately 4,736.38 hectares, accessible via the Trans-Canada Highway. Historical exploration by Teck Resources Ltd. and other companies has identified multiple zones of stratabound hydrothermal alteration and copper mineralization within sericite-altered felsic volcanic rocks. Sulfide assemblages within the claim area include pyrite, pyrrhotite, and chalcopyrite, occurring in stringer, semi-massive, and massive sulfide zones.
Drilling conducted by Bessor Minerals Inc. in 2022 reported intercepts including 6.9 meters grading 0.61% copper and 0.55% zinc, and 2.32 meters grading 0.56% copper, both within massive pyrrhotite zones. The company stated that the geological setting and historical exploration results suggest potential for additional mineralization along strike and at depth, though historical results have not been verified by a qualified person and should not be relied upon as an indication of current or future mineral resources or mineralization systems. The drilling program is managed by J.T. ("Joe") Shearer, President of Homegold Resources Ltd., and the company is engaging with local First Nations and the Nlaka'pamux Nation Tribal Council.
A UBS report dated May 22, titled "Higher in Steps," cited by VBL on May 27, indicated that the copper market continues to trade as a supply-constrained industrial system rather than a cyclical commodity market, and suggested copper prices are moving towards $15,500 per tonne. Structural shortages in concentrate, scrap, sulfur, and refined output are forcing prices steadily higher, despite mixed global growth signals.
Reuters columnist Andy Home noted on May 28 that the copper market is once again entering a state of heightened anticipation ahead of a potential U.S. decision on tariffs for refined copper imports expected by the end of June. The widening premium between the Chicago Mercantile Exchange (CME) copper contract and London Metal Exchange (LME) pricing has attracted more metal into the U.S., tightening supply in other markets. Data from the World Bureau of Metal Statistics shows that U.S. refined copper imports in the first quarter of 2026 doubled year-on-year to 533,000 tonnes. CME copper inventories total 577,385 tonnes, representing 44% of global exchange stocks, with additional copper inventories moved to U.S. ports. Andy Home stated that the U.S. has built a strategic copper reserve over the past year due to tariff threats. Data from the United States Geological Survey shows that U.S. copper import dependence has risen from 45% in 2024 to 57%. Reuters noted that while the stated goal of tariffs is to revive U.S. production capacity, the country still has only two major copper smelters.
A Grand View Research report on the data center copper market estimates the global market size at $1.6 billion in 2025, projected to grow from $1.8 billion in 2026 to $4.6 billion by 2033, at a compound annual growth rate of 14.4%. North America accounted for 41.4% of revenue share in 2025. The report states that copper demand in data centers is driven by the rapid expansion of hyperscale and colocation data centers, increased deployment of AI computing infrastructure, and rising demand for high-performance cloud services globally. Copper plays a key role in enabling energy-efficient power transmission and thermal management systems within data centers due to its high conductivity, recyclability, and durability. The growing adoption of liquid cooling systems, advanced thermal management infrastructure, and edge computing facilities continues to increase demand for copper-intensive power and network infrastructure. The power infrastructure segment accounted for 47.3% of market revenue in 2025, while the cooling systems segment is expected to expand at a CAGR of 16.3% over the forecast period.
In a February 11 article on Streetwise Reports, John Newell of John Newell & Associates described Copper One Resources Corp. as a U.S.-focused copper exploration company whose primary asset is the Majuba Hill copper project in Nevada. The company is steadily advancing the project through drilling, geophysics, and geological modeling. Newell stated that the company is at the intersection of rising copper demand, renewed U.S. strategic interest in domestic metal supply, and a stock price emerging from a long-term bottom. Across multiple drilling campaigns from 2020 to 2025, the company has completed over 100 holes, with total drilling exceeding 80,000 feet. Recent plans focus on expanding known copper mineralization, testing deeper sulfide targets, and following up on resistivity anomalies generated by modern geophysics and AI-assisted target identification. Technical work suggests Majuba Hill has the scale potential investors seek in porphyry systems.
Newell also discussed the Vault project, describing it as a newly announced U.S. strategic critical minerals reserve, indicating that the U.S. government views copper and other critical metals as strategic assets. The intent is to reduce reliance on foreign supply chains, particularly from jurisdictions that dominate global processing and supply. For companies exploring copper in the U.S., this policy shift improves long-term prospects and increases the strategic value of domestic projects. Streetwise Reports outlined that the management team combines capital market experience with deep technical and operational expertise in copper exploration and development. Based on the latest disclosures, the company has approximately 105 million shares outstanding and approximately 123.4 million shares on a fully diluted basis.
Company investor materials show that the Majuba Hill project in Nevada, a copper-silver-gold deposit, is advancing. Multi-phase drilling programs were conducted from 2020 to 2025, including Phase 1 in 2025 completing five holes totaling 5,484.5 feet. Drilling included follow-up and extension holes based on prior activity, as well as a fifth hole targeting resistivity anomalies identified by AI-assisted modeling, designed to test deeper mineralization zones and previously identified targets. Core samples have been processed and submitted for analysis. Depths for Phase 1 holes in 2025 include MHB-32 at 889.5 feet, MHB-33 at 936 feet, and MHB-34 at 1,963 feet. Other work includes geological mapping, sampling, and geophysical targeting methods. The company also holds a 20% interest in the Friday gold project in Idaho, which, based on a 2013 technical report historical resource estimate derived from approximately 30,480 meters of drilling, has indicated resources of 647,000 ounces of gold and inferred resources of 590,000 ounces. Samples from the recent drilling program were processed at the Elko, Nevada facility and subsequently sent to ALS Laboratories for analysis.
Approximately 15.1% of Giant Mining's shares are held by insiders, with the remainder held by retail investors. The company has a market capitalization of approximately C$22.16 million, with 116.2 million shares outstanding and a 52-week price range of $0.0880 to $0.3175.
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