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Majuba Hill Copper Completes Copper Global Mineral Inventory Estimate
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Majuba Hill Copper Corp. (CSE: JUBA) (OTC Pink: JUBAF) (FSE: 4NP) ("Majuba Hill Copper" or
About this update from Copper One Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Majuba Hill Copper Corp. (CSE: JUBA) (OTC Pink: JUBAF) (FSE: 4NP) (\"Majuba Hill Copper\" or the \"Company\") is pleased to report results from the Company program to evaluate the mineral potential at the Majuba Hill Porphyry Copper Project in Pershing County, Nevada. A property-wide mineral inventory was completed as an exploration guide for Majuba Hill Copper's on-going drilling program. It is a non-compliant NI43-101 global estimate; these are not mineral resources or mineral reserves and they do not demonstrate economic viability. The inventory of potential tons and grade has had insufficient exploration to estimate a current mineral resource. The range of tons and grade could change as additional drilling is completed. Figure 1 The CuEQ mineral inventory outlined: 491 million tons averaging 0.16% CuEQ, using a 0.06% CuEQ cutoff 180 million tons averaging 0.28% CuEQ, using a 0.16% CuEQ cutoff 136 million tons averaging 0.31% CuEQ, using a 0.20% CuEQ cutoff The copper only (\"Cuppm\") mineral inventory outlined: 193 million tons averaging 0.13% Cu, using a 0.06% Cu cutoff 44 million tons averaging 0.24% Cu, using a 0.16% Cu cutoff 27 million tons averaging 0.28% Cu, using a 0.20% Cu cutoff These results do not include the ongoing 2022 deep drill hole assays. Which are currently in the assay process. Figure 2 Mineral Inventory Estimate Process The inventory was done using GeoSoft® 3D software with these parameters: Used all drill assays through 2021 and all historic drill assays (92 holes total) to assign CuEQ and Cuppm values to voxels. 1/d2 calculation to assign CuEQ and Cuppm values to 20 cubic meter volumes (\"Voxels\"). CuEQ values calculated from Cu, Ag, Au, Mo, Pb, and Zn using CuEQ values were calculated by for each drill hole assay values for Cu, Ag, Au, Mo, Pb, and Zn based on metal prices taken from Kitco.com and DailyMetalPrice.com on July 27, 2022 (Cu-$3.43/lb, Ag-$18.66/oz, Au-$1719.50/oz, Mo-$19.73/lb, Pb-$0.91/lb, and Zn-$1.41/lb). Drill hole spacing varies from 5 feet (1.5 m) to 3700 feet (1128 m). Buster Hunsaker, Consulting Geologist to Majuba Hill Copper and a member of the Advisory Board, commented: \"This mineral potential estimation indicates that results from the current drilling and future drill holes will lead to a 3x to 5x increase...