Majuba Designs New Exploration Program to Expand NI 43-101 Tonnage at Majuba Hill Copper Porphyry Deposit in Nevada
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*Press Release July 26, 2023
Majuba Designs New Exploration Program to
Expand NI 43-101 Tonnage at Majuba Hill Copper
Porphyry Deposit in Nevada
VANCOUVER, BC — July 26, 2023 — Majuba Hill Copper Corp. (CSE: JUBA |
OTC: JUBAF | FWB:4NP) (“Majuba Hill Copper” or the “Company”) is making
plans for advancing the Majuba Hill Porphyry Copper Deposit. The Company is
pleased to announce that it has filed on SEDAR an independent technical report (the
"Report") prepared in accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101") titled “Technical Report for the Majuba
Hill Copper Project, Pershing County, Nevada, USA”.
The Report was authored by Jeffrey M. Bickel , C.P.G., Senior Geologist, RESPEC
Company LLC, Reno, NV (“RESPEC”). The full Report dated June 20, 2023 is
available on the Company's website and the SEDAR Issuer profile at www.sedar.com.
RESPEC evaluated the porphyry copper mineralization using a series of conceptual
open-pit scenarios. The conceptual open -pit scenarios were constructed using a
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Whittle Pit calculation. In the repo rt a significant footprint of copper mineralization
was outlined that is within an Exploration Corridor containing favorable porphyry -
copper-type geologic characteristics and robust copper mineralization.
The following table summarizes the tonnage and grade ranges for the Whittle Pits.
Model (1)
Tonnage Range
Tonnes
(Bickel, 2023)
Grade Range Copper
(%)
(Bickel, 2023)
Copper Range
(pounds)
Calculated
Exploration Target - All 50,000,000 to 100,000,000 0.15% to 0.30% 165,000,000 to
660,000,000
Exploration Target - High
Grade 10,000,000 to 20,000,000 0.40% to 0.80%
88,185,000
to
352,739,000
(1) Conceptual open -pit scenarios for the mineralized material do not meet the test for “reasonable
prospects for eventual economic extraction ” with currently appropriate economic inputs, Canadian Institute
of Mining, Metallurgy, and Petroleum (2014)
"We are thrilled to announce the significant milestone achieved by Majuba Hill Copper
Corp with the successful filing of our updated NI 43-101 report on SEDAR, a
testament to our commitment to transparency and adherence to the highest
standards in mineral project disclosure. I extend my deepest gratitude to the entire
RESPEC Company team for their dedicated efforts in delivering this comprehensive
report. Their expertise and unwavering support have been instrumental in shaping
our path to success. Special thanks to Buster and Jefferey, whose leadership and
hard work have been pivotal in driving this endeavor forward. With this milestone,
we are confident in our position to seize the abundant opportunities that lie ahead in
the dynamic copper market ," commented David Greenway, CEO of Majuba Hill
Copper Corp.
Exploration Plans
During 2023 the Company will focus on drilling up to 4900 meters (16,000 feet) to
advance and expand the copper deposit. The primary objective of the drilling is to
convert the mineralization from an exploration target category into the inferred and
indicated resource categories. The Company geologists have determined locations for
15 to 20 core and reverse circulation ( “RC”) holes. Holes are sited to achieve four
main objectives:
Tighten up drill spacing to convert waste blocks to mineralized blocks.
Complete additional drill holes between Whittle Pit 13 and the much larger
Whittle Pit 42 to impr ove the grade of copper mineralization and infill areas
that currently have no drillholes.
Extend high-grade mineralization.
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Characterize the metallurgy of the oxide and enriched mineralization to aid
with the economics of processing the copper mineralization.
About RESPEC Company LLC
RESPEC Company LLC stands as a prominent global leader in geosciences, data, and
engineering services, specializing in exploration, mine productivity, efficiency, and
safety. Renowned for its expertise, RESPEC serve s as a reliable advisor, offering
integrated technology solutions tailored to the specific needs of mining and mineral
clients. Throughout the entire mine life cycle, RESPEC's extensive experience and
know-how prove instrumental in adding value to projects . They excel in optimizing
exploration and production, elevating safety measures, improving reliability, and
streamlining costs. With a proven track record of success, RESPEC emerges as a
trusted partner for companies seeking to enhance their operations an d achieve
sustainable growth in the mining industry.
Qualified Person
The scientific and technical information contained in this news release has been
reviewed by E.L. "Buster" Hunsaker III, CPG 8137, a non -independent consulting
geologist who is a "Qualif ied 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.
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
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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 t hat 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", "proje cts", "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 assu mptions, 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 statements in the
event that management's beliefs, estimates or opinions, or other factors, should change.
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