Majuba Hill Copper Corp (CSE:JUBA) said it has designed a new exploration program to expand the tonnage at its flagship copper porphyry deposit in Nevada.
The company said the new programme follows the filing of an independent NI 43-101 technical report, titled 'Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA '. The report was authored by Jeffrey M. Bickel, senior geologist at RESPEC Company LLC, Reno, Nevada.
RESPEC evaluated the porphyry copper mineralization using a series of conceptual open-pit scenarios, which 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.
In a statement, David Greenway, CEO of Majuba Hill Copper commented: "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."
He added: "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."
Exploration programme
During 2023, Majuba Hill Copper said it 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 company added that geologists have determined locations for 15 to 20 core and reverse circulation (RC) holes 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.
The full NI 43-101 technical report, dated June 20, 2023, is available on the company's website and its SEDAR Issuer profile at www.sedar.com.
Majuba Hill Copper's flagship copper, silver and gold district is located 156 miles outside Reno, Nevada. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.
Contact the author at jon.hopkins@proactiveinvestors.com