Enhanced Geology Map Boosts Prospects for Expanding Copper Mineralization at Majuba Hill Porphyry Copper Deposit, Nevada
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*Press Release August 1st, 2023
Enhanced Geology Map Boosts Prospects for
Expanding Copper Mineralization at Majuba Hill
Porphyry Copper Deposit, Nevada
VANCOUVER, BC — August 1st, 2023 — Majuba Hill Copper Corp. (CSE: JUBA
| OTC: JUBAF | FWB:4NP) (“Majuba Hill Copper” or the “Company”) is pleased
to announce recently completed new geologic mapping at the Majuba Hill Porphyry
Copper Deposit in Pershing County, Nevada.
Significant and noteworthy advancements in understanding the geological factors
influencing copper mineralization was developed from the independent technical
report (the "Report") authored by Jeffrey M. Bickel, C.P.G., and 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 insights gained from the Report were facilitated by field mapping techniques that
incorporated cutting-edge 3D modeling and the utilization of the NI 43 -101 block
model. As a result, geologists from the company can now effectively apply the robust
geologic framework to the project's geological map.
Figure 1: 3d Modeling
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"This improved understanding is extremely valuable for guiding the drilling that will
advance the copper mineralization into the inferred and indicated resource
categories. Our upcoming drill program will utilize the conceptual Whittle Pits as
outlined in the Report. Field-based geologic mapping combined with the sophisticated
modeling, is giving us a high level of confidence in strategically orienting the holes to
delineate more copper mineralization, " commented Buster Hunsaker , Senior
Geologist and Technical Advisor for Majuba Hill Copper Corp.
Geologic Overview
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. A closer examination of the detailed model geology highlights
that the copper control corridors are closely situated to the contact zones between
the pyroclastic rock, intrusive rocks, and breccias. The low grade copper envelope
has an obvious northwest fabric.
Domain Total Copper (%)
Low Grade 0.02 – 0.05% Cu
Intermediate Grade 0.05 – 0.5% Cu
High Grade >0.5% Cu
Table 1: Majuba Hill Grade Domain Ranges
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 these prominent northeast and northwest trending zones.
Only three holes have been drilled to the west and southwest of the conceptual pits.
MHB-17 intersected a very long interval of low/intermediate oxide copper with 244
meters @ 0.055% Cu from 0-244 meters, which included:
6.1 meters @ 0.16 % Cu from 38.1 to 44.2 meters
15.2 meters @ 0.17% Cu from 100.6 to 115.8 meters
7.6 meters @ 0.16% Cu from 178.3 to 185.9 meters
Planned drill holes are situated to improve the grade of the copper mineralization by
tightening up the drill spacing adjacent to the favorable geology. Holes PDH-j, PDH-
k, and PDH -l will target the intermediate and low -grade copper zones shown on
Section 900 below.
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Figure 2: Section 900
Exploration Plans
During 2023 the Company will focus on drilling up to 4 ,900 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 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)
Table 2: Whittle Pits
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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 improve the grade of copper mineralization and infill areas
that currently have no drillholes.
Extend high-grade mineralization.
Characterize the metallurgy of the oxide and enriched mineralization to aid
with the economics of processing the copper mineralization.
Qualified Person
The scientific and technical inform ation contained in this news release has been
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
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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 th at 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 f uture 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. Exc ept 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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