Copper Values For Drilling Completed At Majuba Hill Project

VANCOUVER - Majuba Hill Copper Corp. reported Copper Equivalent (CuEQ) values for the drilling completed at the Majuba Hill Porphyry Copper Project in Pershing County Nevada. CuEQ was calculated by combining Cu, Ag, Au, Mo, Pb, and Zn assay values for significant intervals that were initially determined from copper assays.

Two conclusions can be drawn from the CuEQ results. 1) The copper equivalent values and the thick mineralized CuEQ intervals support the previous drilling, geophysics, and geology suggesting that thick Majuba has a very large tonnage potential that could be mined by open pit methods. CuEQ values increased the drill interval results by an average of 40% when compared to the copper-only values and make these thick intervals very significant. 2) Majuba contains base and precious metals commonly associated with porphyry copper deposits.

Comparing the CuEQ results from a lower grade 0.06% copper composite model with the higher grade 0.16% copper composite demonstrates Majuba has a broad area of robust copper mineralization that starts at the surface and extends over 1450 feet below the top of Majuba Hill. Drill Hole MHB-5 and MHB-10 are particularly significant because they demonstrate the robust nature of the copper equivalent values.

MHB-5 returned 330 feet (100.6 m) of 0.45% CuEQ from 325 to 655 feet using the 0.16% Cu composite model. Using the 0.06% Cu composite model returns: 755 feet (262.7 m) of 0.30% CuEQ from 45 to 800 feet. MHB-10 returned four intervals using the 0.16% Cu composite model: 30 feet (9.1 m) of 0.34% CuEQ from 325 to 355 feet; 55 feet (16.8 m) of 0.32% CuEQ from 400 to 455 feet; 120 feet (36.6 m) of 0.28% CuEQ from 535 to 655 feet; and 50 feet (15.2 m) of 0.39% CuEQ from 795 to 845 feet). Using the 0.06% Cu composite model MHB-10 returns: 540 feet (164.6 m) of 0.456% CuEQ from 215 to 755 feet.

David Greenway, President and CEO, said, "The copper equivalent values are very encouraging and provide another key element indicating Majuba Hill will be one of the major new porphyry copper deposits for the western United States. I look forward to getting the results from our 2022 core drilling program."