Nevada Ranked Number One Mining Jurisdiction by Fraser Institute and Majuba Outlines Exploration Target Of 660 million Pounds of Copper at Majuba Hill Project, NV
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*Press Release August 9th, 2023
Nevada Ranked Number One Mining Jurisdiction by
Fraser Institute and Majuba Outlines Exploration
Target Of 660 million Pounds of Copper at Majuba
Hill Project, NV
VANCOUVER, BC — August 9th, 2023 — Majuba Hill Copper Corp. (CSE: JUBA
| OTC: JUBAF | FWB:4NP) (“Majuba Hill Copper” or the “Company”) is pleased
to update shareholders on a milestone from the Fraser institute with regards to
Nevada and the Majuba Hill Porphyry Copper Deposit (“Majuba”) in Pershing County,
Nevada.
Nevada has been ranked first as the most attractive jurisdiction for mining investment
globally with the highest PPI score of 100 , as per the Annual Survey of Mining
Companies conducted by the Fraser Institute. This prestigious ranking underscore
Nevada's prominence in the mining sector, surpassing other noteworthy regions like
Western Australia, which ranked second, and Saskatchewan, which came in third.
The Fraser Institute's comprehensive assessment and ranking system was authored
by Julio Mejía and Elmira Aliakbari, which evaluates the appeal of various jurisdictions
for mining investments, further highlights the growing significance of Nevada in the
global mining landscape.
This is significant milestone to both Nevad and for Majuba and its shareholders and
stakeholders. The Company recently filed an independent technical repo rt titled
“Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”,
outlining an exploration target of 100,000,000 tonnes with a potential to host up to
660,000,000 pounds of Copper at Majuba . The possibility to expand that target
remains open in all directions of the project.
“Nevada's prestigious ranking by the Fraser Institute is a testament to the promising
potential and significance of the region for copper mining. The exceptional findings
from Majuba Hill's drill results underscore Nevada's standing in the mining world. Our
recent intercepts are the longest ever for copper mineralization at Majuba,
underpinning the robustness and value of this porphyry project. Majuba Hill's
commitment to enhancing copper supplies become s even more critical considering
the forecasted copper deficit from 2026 onward. We are proud of our contributions
and excited about the positive trajectory of our endeavors in Nevada, a top -tier
mining jurisdiction.” - David Greenway, CEO of Majuba Hill Copper Corp.
About Fraser Institute
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The Fraser Institute ranks 14th best think tank worldwide out of more than 11,000
organizations, according to the University of Pennsylvania ’s annual Global Go To
Think Tank Index.
Notably, the Institute was also named a Centre of Excellence, placing it among an
elite group of institutions that are recognized for their sustained commitment to
quality and excellence in public policy research.
“Our ranking as one of the best think tanks in the world and, in addition, being
acknowledged as a Centre of Excellence is a testament to the dedication and
commitment of our diverse team across Canada and the United States, ” said Niels
Veldhuis, Fraser Institute president.
“What makes our organization unique is our ability to dissemina te our research to
millions of Canadians each year, and we are therefore particularly proud to rank in
the top ten worldwide for our digital communications, including 5th for best use of
social media and 7th for best use of the internet.”
Majuba Hill Mineral Expansion Plans
The copper block model has
revealed significant
northeast-southwest
corridors associated with
both intermediate (0.05 to
0.5% Cu) and high -grade
(>0.5% Cu) copper
mineralization.
Copper mineralization
remains open in all
directions. Recent geologic
mapping to the west and
southwest of Conceptual
Pits 13, 42, and 56 has been
very successful in
delineating prominent
northeast and northwest
trending zones.
The Company geologists
have determined locations
for 15 to 20 core and
reverse circulation (“RC”)
holes. Planned drill holes are
situated to improve the
grade of the copper
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mineralization by tightening up the drill spacing adjacent to the favorable geology.
The primary objective of the drilling is to convert the mineralization from an
exploration target category into the inferred and indicated resource categories.
Qualified Person
The scientific and technical information contained in this news release has been
reviewed by E.L. "Bus ter" Hunsaker III, CPG 8137, a non -independent consulting
geologist who is a "Qualified Person" as such term is defined under National
Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").
About Majuba Hill Copper Corp.
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of
latter stage copper and copper/ silver/gold assets. This is in direct response to the
growing worldwide demand and lack of supply for precious metals fueled by the Green
New Deal in the US and most other developed nations with similar programs aimed
at addressing climate change. Such programs are heavily reliant on silver, gold and
especially copper to produce Electric Vehicles and other renewable power sources, as
well as building infrastructure to provide clean and affordable electricity.
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The flagship project is the Majuba Hill copper , silver and gold District located 156
miles outside Reno, Nevada, USA. Management has been mandated to focus on safe,
mining friendly jurisdictions where government regulations are supportive of mining
operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
On Behalf of the Board of Majuba Hill Copper Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
P: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward -looking"
statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur. Although Majuba Hill Copper Corp.
believes the expectations expressed in such forward -looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of Majuba Hill Copper Corp.
management on the date the statements are made. Except as required by law, Majuba Hill
Copper Corp. undertakes no obligation to update these forward -looking state ments in the
event that management's beliefs, estimates or opinions, or other factors, should change.
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