The Majuba Hills Project is an advanced stage copper/silver/gold porphyry located in Pershing County, Nevada, 70 miles NW of Winnemucca and 156 miles NE of Reno. It sits approximately 12 miles northwest of the Florida Canyon Mine and 30 miles northwest of the Coeur Mining’s Rochester Mine, a surface silver and gold mine with associated heap Leach facilities. The company believes the Majuba project has the potential for a bulk tonnage, open pit deposit.
The Majuba porphyry has produced 2.8 million lbs of copper grading from 4 – 12% copper during the period 1907 – 1947* at the top of the system.
*Published by Mason Valley Mines Co
Previous exploration has outlined a new and untested copper stock work/disseminated mineralized zone over a width of 500 metres and is inferred along a 700 metre plus south-south-west strike. The target outlined by anomalous copper/silver soil geochemistry, and a strong IP chargeability anomaly lies at the base of Majuba Hill under mild topography. Copper oxide mineralization extends from surface to 150 metres and sulphide mineralization has been intersected to depths of 700 metres on the property.
Historically a total of 50 drill holes have tested the project and 24 holes totalling 8800 metres are reported to have intersected long intervals of copper grading 0.10% to 0.49%. This drill hole data is historic and is not 43-101-compliant, however, the work was conducted by reputable mining-exploration companies and is believed to be reliable. Recent drilling in nine diamond drill holes from 2011 - 2015 intercepted copper/silver/gold mineralization from 50 to 222 metres grading from 0.15% to 0.49% copper, 10 - 63 g/t silver, and gold values up to 0.15 g/t. The strongest mineralization was found in hole MMX24 intersecting 117 metres grading 0.43% copper and 12 g/t silver within a 222 metre section grading 0.27% copper and 10 g/t silver.