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Majuba Hill Copper Designs New Exploration Program to Expand NI 43-101 Tonnage at Majuba Hill Copper Porphyry Deposit in Nevada
Vancouver, BC - TheNewswire - July 26, 2023 - Majuba Hill Copper Corp. (CSE:JUBA) (OTC: JUBAF) (FWB:4NP) (“Majuba Hill Copper” or the “Company”) is making plans
About this update from Copper One Resources Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - July 26, 2023 - Majuba Hill Copper Corp. (CSE:JUBA) (OTC: JUBAF) (FWB:4NP) (“Majuba Hill Copper” or the “Company”) is making plans for advancing the Majuba Hill Porphyry Copper Deposit. The Company is pleased to announce that it has filed on SEDAR an independent technical report (the \"Report\") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (\"NI 43-101\") titled “Technical Report for the Majuba Hill Copper Project, Pershing County, Nevada, USA”. 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. Model (1) Tonnage Range Tonnes(Bickel, 2023) Grade Range Copper (%)(Bickel, 2023) Copper Range (pounds)Calculated Exploration Target - All 50,000,000 to 100,000,000 0.15% to 0.30% 165,000,000 to 660,000,000 Exploration Target - High Grade 10,000,000 to 20,000,000 0.40% to 0.80% 88,185,000 to 352,739,000 Conceptual open-pit scenarios for the mineralized material do not meet the test for “reasonable prospects for eventual economic extraction” with currently appropriate economic inputs,Canadian Institute of Mining, Metallurgy, and Petroleum (2014) \"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 Jeffere...