VANCOUVER, BC — July 26, 2023 — Majuba Hill Copper Corp.( CSE: JUBA) (OTC: JUBAF ) (“Majuba Hill Copper” or the “Company”) is taking significant strides to advance the Majuba Hill Porphyry Copper Deposit. The Company is delighted to announce the successful filing of an independent technical report (the “Report”) on SEDAR, adhering to the standards set forth in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The report is titled “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”.
Majuba Hill Copper Corp ( CSE: JUBA) (OTC: JUBAF ) is a well-established copper mining company that plays a significant role in meeting the growing demand for copper globally. Majuba Hill Copper Corp boasts an impressive portfolio of mining projects and exploration prospects, positioning it as a compelling investment opportunity in the copper industry.
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 Whittle Pit calculation. In the report 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.
“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.
Majuba Hill Copper Corp is excited to unveil its comprehensive exploration plans for the year 2023, focused on advancing and expanding the copper deposit at Majuba Hill. The primary objective of this strategic campaign is to upgrade the mineralization from an exploration target category to the inferred and indicated resource categories. We are thrilled to share the key highlights of their exploration strategy that will drive the progress of their project:
1. Extensive Drilling Program: Majuba Hill Copper Corp intends to conduct drilling operations to a depth of up to 4900 meters (16,000 feet). This ambitious drilling program is designed to provide valuable data and insights essential for the successful advancement of the copper deposit.
2. Resource Estimation Enhancement: With a meticulous approach to drilling, geologists will focus on tightening the drill spacing to effectively convert waste blocks into mineralized blocks. This will lead to improved resource estimation accuracy and reliability, bolstering the overall project confidence.
3. Grade Optimization and Infilling: Majuba Hill Copper Corp plans to deploy core and reverse circulation (“RC”) holes strategically between Whittle Pit 13 and Whittle Pit 42. This strategic positioning aims to boost the grade of copper mineralization in the area and fill in data gaps with additional drillhole information.
4. Pursuing High-Grade Zones: Exploration campaign will also target the extension of high-grade mineralization within the deposit. Understanding the boundaries and potential of these high-grade zones is vital for maximizing the project’s economic prospects.
5. Metallurgical Analysis: Characterizing the metallurgical properties of the oxide and enriched mineralization is a key step in our exploration plan. This valuable information will play a pivotal role in the economic evaluation of processing the copper mineralization.
The entire team at Majuba Hill Copper Corp is enthusiastic about the opportunities that lie ahead with these well-defined exploration objectives. Majuba believes believe that this comprehensive approach will unlock the true potential of the Majuba Hill copper deposit and strengthen our position in the mining industry.
For more information and updates on Majuba exploration progress, please visit Majuba Hill website at www.majubahillcopper.com
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 serves 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 and achieve sustainable growth in the mining industry.
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.
Forward-Looking Statements: This press release contains forward-looking statements that are based on the Company’s current expectations and beliefs. These statements are subject to known and unknown risks, uncertainties, and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.