Majuba Hill Copper Completes 2 Deep Core Holes - Copper Porphyry Continues at Depth
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*Press Release September 14, 2022
Majuba Hill Copper Completes 2 Deep
Core Holes - Copper Porphyry
Continues at Depth
VANCOUVER, BC — September 14, 2022 — Majuba Hill Copper Corp. (CSE: JUBA /
OTC: JUBAF / FWB:4NP) (“Majuba Hill Copper” or the “Company”) is pleased to report
that two core holes are complete as part of the 2022 deep core drilling program at
the Majuba Hill Porphyry Copper Project in Pershing County Nevada.
Hole MHB-27 was drilled to 3500 feet (1067 m) and MHB-28 was drilled to 1796 feet
(547 m). All core for MHB-27 and -28 was logged on site and submitted to ALS USA
Inc. for analysis.
Copper enrichment with chalcocite and native copper, i ntense porphyry alteration,
and sulfide mineralization continued to the bottom of MHB-27. The remarkable depth
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of the copper porphyry system is consistent with the deep IP/Resistivity and the
drone magnetic geophysical modeling and interpretation.
MHB-27: Native Copper. Sawn Core from 1157 feet
MHB-28: Chalcocite enriched copper at 806 feet
Geologic modeling based on logging details indicates that more copper mineralization
will be found deeper as the company continues to drill. MHB-29 is currently underway
with a target depth of 3000 to 3500 feet (914-1067 m).
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Buster Hunsaker, Consulting Geologist to Majuba Hill Copper and a member of the
Advisory Board commented:
“Finding more copper enrichment with chalcocite and native copper in
MHB-27 and MHB-28 is very encouraging for the size of the upper zones
of copper mineralization.
The correlation of the mineralization and alteration logged MHB-27 and
28 deep core holes shows a very strong and robust copper porphyry.
The intense alteration in the deep holes combined with the near-surface
enrichment greatly increases the potential for Majuba Hill to become a
very significant copper deposit, that can be mined from the surface by
open pit methods.”
David Greenway, President and CEO, commented: “ The incredible depth and the
continued presence of the copper porphyry system at Majuba is very encouraging.
Having a project with this scale and strength in a Tier 1 location with well-developed
infrastructure and access is exciting. I look forward to getting the assay results from
our 2022 core drilling program.”
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
The Company has implemented a QA/QC program using best industry practices at
the Majuba Hill Project. The samples are transported from the JUBA secure warehouse
or directly from the drill to the ALS Sample Prep Facility in Reno or Elko, Nevada. ALS
then transports the prepared pulps to their analytical lab in Reno, Nevada or
Vancouver, B.C. Soil and rock chip samples are transported by the company directly
to Elko or Reno, Nevada.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth
sample bags. All samples are analyzed for copper, gold, silver, and 3 3 other
elements. Gold is determined by ALS method Au-AA23 which is a fire assay with an
AAS finish on a 30 gram split. Copper, silver and the remaining 31 elements are
determined by ALS method ME -ICP61 which is a four acid digestion and ICP -AES
assay. Approximately 5% of the submitted samples are drill duplicates and copper-
gold-porphyry commercial standard reference material pulps. The sample rejects and
remaining pulps will be retrieved from ALS.
Marketing Agreements
Further, the Company has engaged Creative Direct Marketing Group, Inc. (“CDMG”)
to act as its agent in the procurement of tangible and intangible personal property
and media in furtherance of a program of advertising for a term of up to five (5)
years, in consideration of an aggregate USD $1,562,589.
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The Company has also renewed its agreement with TD Media, LLC, dba Life Water
Media, to provide digital marketing services for a four (4) week term in consideration
of a payment of USD $150,000.
Qualified Person
The scientific and technical information contained in this news release has be en
reviewed by E.L. "Buster" 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.
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
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statements are statements that are not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipat es", "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 statements in the event that management's beliefs, estimates
or opinions, or other factors, should change.
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