Nevada Copper

Published : April 23rd, 2015

Nevada Copper Pumpkin Hollow Project Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Chile | Copper | Diamond | Gold | Iron | Recovery | Report | Silver |

Nevada Copper Pumpkin Hollow Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2015) - Nevada Copper Corp. (NCU.TO) ("Nevada Copper" or the "Company") is pleased to announce results for an initial three Diamond drill holes from the current open pit drilling program and to provide a project update at the Company's 100 percent owned Pumpkin Hollow project located near Yerington Nevada.

Highlights

  • Initial three drill holes yield strong results from new open pit drill program with particularly pleasing results from two new drill holes in the saddle zone between the North and South pits;
  • Underground drill program from 1,900 foot level to commence in May;
  • New integrated feasibility study results scheduled for release before the end of May;
  • Progress on federal land acquisition progressing according to plan with permitting progressing concurrent with land acquisition; and
  • MOU signed with large international steel company to assess opportunities to exploit Pumpkin Hollow's significant iron ore resource.

Open Pit Drilling Results

Targeted drilling continues on the open pit deposit with the goals of testing the ultimate extent of the deposits, and identifying areas that may have economic copper mineralization but are currently categorized as waste due to lack of drill data.

The drill program which started in late February currently has three drill rigs on site. The current drill program will consist up to 74,000 feet (22,600 meters) of drilling. The first drill holes were drilled in the North Deposit to follow up open prospective areas identified in early 2013 drilling. Drill hole NC15-02 was drilled along the edge of the South deposit where mineralization was open. The table below summarizes the drilling results received for drill holes NC13-10; NC-15-01 and NC15-02. Assays for the remaining drill holes will be posted as results are received.

Greg French, Vice President of Project Development & Exploration, commented, "The current drill program is focused on the saddle zone mineralization located between the North and South pits and the open and inferred mineralized areas on the edges of the open pit deposits. The initial drill holes reported continue to expand mineralization. NC15-02 drilled along the southern portion of the South Deposit, discovered at shallow depths, a 125.5 meter zone averaging 0.42% copper. Mineralization remains open and the drill hole location in the current pit design is expected to upgrade currently classified waste material in that area."

Drill hole NC13-10 was drilled in the Saddle Zone between the North and South open pit deposits. The mineralization correlates well with adjacent holes and bottomed in mineralization. This hole finished up a pre- collared hole from the previous 2013 drilling. The lower zone of intersected 62.4 meters (204.8 feet) true thickness averaging 0.27% copper and continues to push mineralization out and should convert mineral classification.

Drill hole NC15-01 also drilled in the Saddle Zone between the North and South deposits intersected two thick mineralized zones that correlate with adjacent holes but with slightly lower grade. The largest zone intersected 103.7 meters (340.3 feet) true thickness averaging 0.23% copper. There are also localized zones of high grade within low grade. The hole expanded mineralization within the present designed pit.

Drill hole NC15-02: South Deposit, intersected several zones of shallow mineralization along the southern edge of the deposit. The upper zones have expanded the existing mineralization. The lower zone 125.5 meters (411.7 feet @ 0.42% Cu), 88.7 meters (291feet) true thickness, is new, as several adjacent holes were only drilled as shallow pre-collars. Drill hole NC15-02 has expanded the mineralization. Follow up drilling for this expanded area and newly discovered mineralization is planned.

Hole #
From
To
Length
True
Length
Length
Cu
Gold
Silver
Cu
Equiv*
(m) (m) (m) (m) (ft) % (g/t) (g/t) %
NC13-10 233.2 240.8 7.6 7.6 25 0.18 0.007 1.1 0.19
257.5 267.1 9.6 9.6 31.4 0.48 0.013 2.1 0.50
432.8 495.2 62.4 62.4 204.8 0.27 0.014 1.6 0.29
576.1 591.3 15.2 15.2 50 0.4 0.329 1.7 0.55
685.7 695.8 10.1 10.1 33.2 0.27 0.045 1.1 0.30
NC15-01 402.3 408.4 6.1 6.1 20 0.17 0.012 0.8 0.18
454.2 461.8 7.6 7.6 25 0.17 0.014 0.8 0.18
481.6 585.3 103.7 103.7 340.3 0.23 0.041 1.4 0.26
648.6 688.5 39.9 39.9 131 0.18 0.032 1.1 0.20
701 713.8 12.8 12.8 42 0.5 0.07 2.1 0.54
726.3 732.4 6.1 6.1 20 0.59 0.085 2.1 0.64
NC15-02 80.9 105.9 25 17.7 82.1 0.23 0.04 2.8 0.26
112.3 125 12.7 9.0 41.5 0.19 0.014 1.8 0.21
138.2 263.6 125.5 88.7 411.6 0.42 0.034 1.6 0.44
including 152.4 174.3 21.9 15.5 71.7 1.04 0.1 6.6 1.12
* Cu Equiv using Cu 3.00, Au $1200 and Ag $18; recoveries 89.3%, 67.3% and 57.3% respectively

A map showing drill holes location is viewable at the link:

http://media3.marketwire.com/docs/NCU_map_Drill_HolesLocation.jpg

Underground Drill Program

Underground drilling of the East deposit is expected to commence in May 2015 from drill stations on the 1,900 foot level. The underground drilling program will consist of up to 26,000 feet (7,900 meters) of delineation and development drilling which will focus on further enhancing the high grade zones within the current mineral reserve, especially in areas planned for mining in the early years. This drilling program will also provide additional data for mine development designs while expanding the open mineralized areas.

Management believes that the program has the potential to improve the overall copper production grades especially in the early years while also allowing for expansion of the combined Eastern underground copper reserve boundaries that remains open in several directions.

Integrated Feasibility Study

Significant progress has been made on the Integrated Feasibility Study ("IFS") with results targeted for release on or before May 28, 2015. The IFS envisages a single, large 70,000 tons/day concentrator with dual sources of mill feed comprising an average of 63,500 tons/day of open pit ore blended with 6,500 tons/day of high grade ore from the Eastern underground deposits. The IFS will incorporate all available current information, including approximately 32,500 feet (9,900 meters) of new drilling data from 2012 and 2013, mine plans, engineering work and updated capital and operating costs for both the open pit and underground operations associated with this development.

Federal Land Acquisition and Permits

Since passage in December of Congressional legislation that authorizes the transfer of federal lands to City and private ownership, Nevada Copper has been fully engaged with the Bureau of Land Management ("BLM") and the City of Yerington to complete the land conveyance. The necessary agreements between the BLM and the City of Yerington are now in place to allow for the many activities to proceed toward the purchase of approximately 10,400 acres of land under the legislation. These activities include surveying, land valuation, and including compliance of the acquisition with provisions of the National Historic Preservation Act and National Environmental Policy Act. Nevada Copper and its consultants are working closely with the BLM and supplying additional resources to them as necessary to expedite the sale process.

Upon closing of the land conveyance, the City will convey 6,430 acres of private land to Nevada Copper. Adding this acreage to the 1,560 acres of private land that Nevada Copper currently controls, means that the Company will have a total of 7,990 acres (12.8 square miles) available for the large scale integrated open pit and underground mine development.

Permitting of the large open pit and underground integrated project is continuing according to plan. This permitting involves modification of our existing State air pollution control and reclamation permits to allow for the larger open pit operation and a 70,000 tons/day concentrator. Permitting is scheduled to be completed by mid- 2015 concurrently with closing of the land acquisition.

Iron Concentrate Study

The Company recently executed a Memorandum of Understanding ("MOU") with a large multi-national steel producer to assess opportunities to exploit the large Pumpkin Hollow iron resource. Measured and indicated iron mineral resources total 395 million tons grading 32.1% iron using a 20% cutoff, as disclosed in a 43-101 Technical Report filed on SEDAR in 2013. The assessments would include drill sampling, mine planning, engineering studies and metallurgical work. These studies will determine if a byproduct magnetite (iron oxide) stream from the copper tailings at a future Pumpkin Hollow concentrator would be suitable as feed for downstream iron ore processing for use in steelmaking. Other work would focus how mining plans could be modified to deliver additional magnetite in the copper concentrator feed while minimizing loss of copper. Magnetite recovery circuits are not uncommon at copper operations which contain magnetite in their mill feed. Examples are the Candelaria IOCG mine in Chile and Glencore's Earnest Henry mine in Australia.

Along with low cost power, Pumpkin Hollow has close proximity to rail infrastructure which is important for moving the larger tonnages associated with any future iron ore production. The possibility of adding iron revenues at minimal or no cost has not been factored into any previous feasibility studies, nor in the current IFS to be released in May.

Additional Information

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and visit our Pumpkin Hollow virtual tour.

Qualified Persons

The technical information in this release has been reviewed and approved by Gregory French, P.G., Vice- President, Exploration & Project Development, Timothy D. Arnold, P.E., Vice President Operations, and Robert McKnight, P. Eng., Executive Vice-President and CFO of Nevada Copper, all of whom are Non-independent Qualified Persons within the meaning of NI 43-101.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

We seek safe harbour.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Australia | Chile | All
Gold and Silver Prices for these countries : Australia | Chile | All

Nevada Copper

DEVELOPMENT STAGE
CODE : NCU.TO
ISIN : CA64128F1099
CUSIP : 64128F
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Nevada Copper is a copper exploration company based in Canada.

Nevada Copper develops copper, gold, iron and silver in USA.

Its main asset in development is PUMPKIN HOLLOW in USA.

Nevada Copper is listed in Canada and in Germany. Its market capitalisation is CA$ 2.6 millions as of today (US$ 1.9 millions, € 1.8 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 6.42, and its lowest recent point on June 07, 2024 at CA$ 0.03.

Nevada Copper has 88 170 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Nevada Copper
5/9/2019Nevada Copper inks $115m deal to construct Pumpkin Hollow
8/31/2018Nevada Copper shares jump on construction decision
5/16/2018Nevada copper provides positive update on drill program: int...
Financings of Nevada Copper
4/19/2016Amends Red Kite and Pala Loan Terms
4/27/2010Closes $23,7 Million Bough-Deal Private Placement Financing
4/9/2010$20.6 Million Bought-Deal Private Placement Financement
10/27/2009$11,250,000 Private Placement with Capstone Mining Corp.
Nominations of Nevada Copper
8/8/2013Appoints Director
2/28/2012Appoints New Director and Launches Project Website
Project news of Nevada Copper
9/9/2013Receives All Permits For Stage 1 Underground Mine
7/28/2011(Pumpkin Hollow)Obtains 100% of Water Needs for the Pumpkin Hollow Project
4/28/2011(Pumpkin Hollow)Provides Update on Feasibility Study & Engages Merit for Pre...
4/12/2011INTERSECTS 415 FEET OF 1.84% COPPER
3/31/2011(Pumpkin Hollow)s Mineral Resource Estimate and Clarifies Technical Disclosu...
2/8/2011S FEASIBILITY STUDY PROGRESS
8/4/2010(Pumpkin Hollow)Intersects 230 Feet of 1.46% Copper in The Open Pittable Nor...
7/8/2010(Pumpkin Hollow)E2 Deposit Drilling Intersects 145 Feet of 2.37% Copper and ...
6/16/2010(Pumpkin Hollow)Mineralization Remains Open at North Deposit: Intersecting 9...
5/27/2010(Pumpkin Hollow)Increases Drilling Program
5/18/2010(Pumpkin Hollow)Discovers Two New Zones Intersecting 275 Feet of 0.98% Coppe...
5/6/2010(Pumpkin Hollow)Step Out Drilling Expands the Open Pittable North Deposit: I...
4/23/2010(Pumpkin Hollow)Drills Over 650 Feet Of Greater Than 0.70% Copper In Three S...
2/16/2010(Pumpkin Hollow)Continues to Intersect High Grade Copper
1/21/2010(Pumpkin Hollow)Intersects 31.1 Meters of 2.45% Copper
1/14/2010Files NI 43-101 Preliminary Economic Assessment
12/8/2009(Pumpkin Hollow)Commences Pre-Feasibility & 25,000 Meter Drilling Program
8/25/2009(Pumpkin Hollow)Files resource update NI 43-101 on Sedar
7/15/2009(Pumpkin Hollow)Reports Significant Resource Increase to 9.3 Billion Pounds ...
Corporate news of Nevada Copper
6/9/2016Nevada Copper Closes Cdn$4.6 Million Equity Offering
6/3/2016Nevada Copper Closes Cdn$ 10.5 Million Financing With Red Ki...
6/1/2016Nevada Copper Solar Zoning Approved
5/27/2016Nevada Copper Annual Meeting Results
5/27/2016Nevada Copper Announces Red Kite Funding Commitment And Equi...
5/3/2016Nevada Copper and City of Yerington Advance Solar Zoning
4/22/2016Nevada Copper Announces Filing Of Amended Prospectus And Exe...
4/5/2016Nevada Copper Amends Red Kite and Pala Loan Terms
1/28/2016Nevada Copper Appoints Directors
11/3/2015Nevada Copper Intersects 105 Feet of 2.55% Copper in the Eas...
10/13/2015Nevada Copper Acquires Private Land & Completes Federal Land...
9/30/2015Nevada Copper Provides Corporate and Project Update
9/10/2015Nevada Copper Intersects 462 Feet of 0.64% Copper
8/21/2015IIROC Trade Resumption - NCU
8/21/2015Federal Land Conveyance Complete at Nevada Copper's Pumpkin ...
8/20/2015IIROC Trading Halt - NCU
8/17/2015Nevada Copper Fully Permitted
7/31/2015Nevada Copper Extends and Increases Bridge Loan Facility
7/31/2015Nevada Copper Receives Air Pollution Control Permit
7/17/2015Nevada Copper Receives Decision Record on Yerington Land Con...
7/15/2015Nevada Copper Intersects 448 Feet Grading 1.0% Copper
7/9/2015Nevada Copper Files Integrated Feasability Study on SEDAR
6/29/2015Nevada Copper Election of New Director and Annual Meeting Re...
6/24/2015Nevada Copper Continues to Expand Open Pit Mineralization In...
4/23/2015Nevada Copper Pumpkin Hollow Project Update
2/10/2015Nevada Copper Pumpkin Hollow Project Update
12/30/2014Nevada Copper Closes US$200 Million Loan Facility
12/22/2014President Signs National Defense Authorization Act That Incl...
12/3/2014Nevada Copper Project Update
11/4/2014Nevada Copper Project Update
7/30/2014Nevada Copper Advances Lyon County Bill
7/16/2014Nevada Copper Provides 2014 Update
7/2/2014Nevada Copper Provides Update & AGM Results
5/12/2014Nevada Copper Update on Lyon County Land Bill
1/23/2014NCU - Nevada Copper featured on KTVN - Channel 2 News
10/28/2013Announces Management Additions
10/9/2013Receives Additional US$15 Million Under Its US$200 Million S...
10/1/2013Announces $24 Million Equipment Financing
8/26/2013Receives Water Pollution Control Permit
7/16/2013Remaining Stage One Permits Issued for Public Comment
6/25/2013Receives Special Use Permit and Provides Update on Land Bill
6/17/2013North Deposit Drilling Intersects Multiple Zones of Minerali...
6/10/2013Receives Reclamation Permit
5/28/2013Provides Update on State Permits
5/7/2013s Lyon County Bill Status
4/23/2013(Pumpkin Hollow)to Proceed With Two-Stage Approach to Building Pumpkin Hollo...
4/17/2013s Permitting and Yerington Land Bill Status
4/17/2013s Permitting and Yerington Land Bill Status
3/28/2013Closes US$200 Million Loan Facility and Concentrate Off-Take...
3/11/2013North Deposit Mineralization Continues to Expand Intersectin...
2/15/2013-Permitting and Feasibility Study Update
1/3/2013Status of Congressional Action-Lyon County Land Bill
10/30/2012North Deposit Mineralization Remains Open Intersecting 119 F...
10/19/2012Files Resource Update NI 43-101 Technical Report on SEDAR
10/5/2012to Purchase 17.8% of Mercator Minerals
9/5/2012Governor Sandoval's Trade Mission to China and South Korea
8/9/2012Drilling Continues to Expand Shallow Mineralization in the S...
7/10/2012Submits Mine Development Permit Applications and Announces D...
6/20/2012-Project Update/Land Bill Passed by the House
6/5/2012s Permitting and Yerington Land Conveyance
5/29/2012Intersects 470 Feet at 0.73% Copper in the North Deposit
4/19/2012Provides an Update on House Subcommitee Hearing on Yerington...
4/10/2012Mineralization Continues to Expand in the North Deposit; Lan...
3/26/2012Announces Introduction of Land Conveyance Bill in the United...
3/13/2012Intersects 9.08% Copper in Open Pittable North Deposit
2/27/2012Appoints New Director & Launches Project Website
2/22/2012Breaks Ground on Underground Shaft
2/16/2012Announces Introduction Of Yerington Land Conveyance Bill
2/7/2012Files Feasibility Study on SEDAR
1/23/2012Announces Positive Feasibility Study Results
1/17/2012(Pumpkin Hollow)Hosts Conference Call to Discuss Pumpkin Hollow Definitive F...
1/9/2012North Deposit Continues to Expand-NC1127 Intersects Minerali...
12/16/2011Announces Selection of Underground Contractor
11/29/2011Coppper-Update on Underground Contractor Selection & Feasibi...
9/29/2011Annnounces Management Addition and Shaft Contract Update
9/19/2011-Feasibility Study Update and Land Transfer
9/7/2011Mineralization Continues to Expand, Intersecting Over 600 Fe...
8/16/2011North Deposit Continues to Expand, Drilling Multiple Interva...
6/14/2011Expands North Deposit Intersecting 785 Feet of 0.73% Copper ...
5/25/2011Steps Out and Drills 126 Feet of 1.26% Copper/Definitive Fea...
5/3/2011(Pumpkin Hollow)Intersects 1,164 Feet of 0.49% Copper in the Pumpkin Hollow ...
12/1/2009Robust Economic Results
12/1/2009Reports robust economic results
11/3/2009Capstone Mining Makes Strategic Investment in Nevada Copper
6/29/2009US$2,000,000 Convertible Debenture
5/2/2007Press Release: Augusta Files Q1 Financials - Negotiates Sale...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (NCU.TO)FRANKFURT (ZYT.F)
0.0300.00%0.045-4.26%
TORONTO
Prev close Open
Low High
Year l/h YTD var.
0.030 -  0.140 -100.00%
52 week l/h 52 week var.
0.030 -  0.175 -100.00%
Volume 1 month var.
-100.00%
Produces
Develops Copper - Gold - Silver
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-76.92%0.140.03
2023-55.17%0.420.13
2022-53.23%0.790.20
2021327.59%1.220.07
2020-60.27%0.380.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.04-0.21%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.