- Majuba Hill Copper Corp. (JUBA) has provided a summary of the 2022 exploration for the Majuba Hill Porphyry Copper Project in Nevada
- In the 2022 exploration, 8,876 feet (2706 m) in three core holes were drilled
- The promising results have outlined a large copper mineralized footprint that is within a long-wide Target Corridor
- Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter-stage copper and copper/silver/gold assets
- Majuba Hill Copper Corp. was unchanged, trading at C$0.25 at 15:08 ET
Majuba Hill Copper Corp. (JUBA) has provided a summary of the 2022 exploration for the Majuba Hill Porphyry Copper Project in Nevada.
The promising results have outlined a large copper mineralized footprint that is within a long wide Target Corridor. The company intends to focus the 2023 drilling on this Target Corridor.
The 2022 core drilling program focused on the Majuba Target Zone. The goal was to complete deeper holes and extend the copper mineralization intersected in the 2020 and 2021 drill campaigns.
In the 2022 drilling, 8,876 feet (2706 m) in three core holes were drilled. Porphyry veining and alteration zonation indicates the intensity of the porphyry copper mineralization is increasing towards the northeast.
The company also completed an initial property-wide mineral inventory showing 0.5 to 1.5 billion pounds of copper equivalent mineralization in a non-compliant NI43-101 global estimate.
It calculated copper equivalent values for all drill data containing Cu, Ag, Au, Mo, Pb, and Zn values.
It collected 1050 additional soil samples, which significantly increased the size of the DeSoto and the Copper Gold Target zones.
It also has age-dated mineralized samples, demonstrating that Majuba Hill is a series of overlapping copper, molybdenum, and tin porphyry mineralization events.
The mineral inventory estimation indicates that results from the recent drilling and future drill holes should lead to a 3x to 5x increase in the mineralized tonnage.
“Nevada has consistently rated a top three mining jurisdiction in the world by the Fraser Institute, and Nevada projects like Majuba Hill Copper are once-in-a-lifetime finds,” said David Greenway, CEO.
“Developing a model showcasing the potential for 1.5 billion pounds of copper, with results still pending and the possibility to substantially expand that size, will contribute to the development of a NI 43-101 compliant copper resource,” he added.
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of latter-stage copper and copper/silver/gold assets.
Majuba Hill Copper Corp. was unchanged, trading at C$0.25 at 15:08 ET.