Majuba Hill Copper Corp. (CSE:JUBA) has completed a “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA regarding the company’s flagship Copper Porphyry Project.
The Technical Report outlines a copper deposit with robust mineralization and geologic characteristics.
Independent consultant RESPEC reported on a series of conceptual open-pit scenarios, which under current copper prices do not meet the test for “reasonable prospects for eventual economic extraction”. They concluded that Majuba Hill has a significant footprint of known mineralization which has not been fully tested. Drilling in 2023 will concentrate around the conceptual pits to expand the Exploration Target mineralization into an inferred and indicated resource category.
Majuba Hill CEO, David Greenway, said drilling by the company during the past three years has provided a number of good holes with solid results, including intervals of greater than 1% copper starting from the surface.
“I am excited that we now have conceptual pits that can be advanced towards development. Having such a large Exploration Target with the added potential of 10 million tonnes to 20 million tonnes of material high grade copper is tremendous for the future of the company,” he said.
“This puts the Majuba Hill Copper Corp. in a rare position for a company of our size. The Exploration Corridor outlines what we believe will ultimately contain over one billion tonnes of copper mineralization.”
For further information please visit: https://www.majubahillcopper.com/
