2022 Highlights
Drilled 8,876 feet (2706 m) in three core holes. Porphyry veining and alteration zonation indicates the intensity of the porphyry copper mineralization is increasing towards the northeast.
Completed 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. These are not mineral resources or mineral reserves, they do not demonstrate economic viability, and the inventory of potential tons and grade has had insufficient exploration to estimate a current mineral resource.
Calculated copper equivalent values for all drill data containing Cu, Ag, Au, Mo, Pb, and Zn values. Results highlighted thick intervals of near surface mineralization in:
MHB-5:755 feet (262.7 m) of 0.30% CuEQ from 45 to 800 feet (13.7-243.8 m)
MHB-10:540 feet (164.6 m) of 0.456% CuEQ from 215 to 755 feet (65.5-230.1 m)
Collected 1050 additional soil samples which significantly increased the size of the DeSoto and the Copper Gold Target zones.
Age Dated mineralized samples, demonstrating that Majuba Hill is a series of overlapping copper, molybdenum, tin porphyry mineralization events.
2022 Drilling Summary
The 2022 core drilling program focused on the
Mineral Inventory Summary
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.
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
Significant thicknesses of higher grades reported in the News Release dated
Copper Equivalent Summary
Copper equivalent (CuEQ) values were calculated by combining the assay values for copper, silver, gold, molybdenum, lead, and zinc across the significant copper drill intercepts for intervals composited to 0.16% Cu and 0.06% Cu.
The Ag, Au, Mo, Pb, and Zn included for each significant copper intercepts were combined using an interval-weighted calculation based on metal prices taken from Kitco.com and DailyMetalPrice.com on
Soil Geochemistry Summary
An additional 1050 soil geochemical samples were collected to extend the existing soil sample grid. The addition of the new samples extended the Copper Gold Target eastward by almost 3,000 feet (914 m) and it is still open to the east. The DeSoto Target was extended westward by over 3200 feet (975 m) and overlaps with the early stage Section 4 target zone. Anomalous copper, gold, molybdenum, zinc, and arsenic values were identified at the 789 Target and those zones are open to the north and west.
About
The flagship project is the
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
VP
Corporate Communications
E: jw@majubahillcopper.com
T: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed 'forward-looking' statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although
(C) 2023 Electronic News Publishing, source