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Senators Reid and Heller Introduce Land Bills to U.S. Senate
Published : December 21, 2012
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Keywords :   Copper | Market | Senator | Unemployment | Water |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2012) - Nevada Copper Corp. (News - Market indicators) ("Nevada Copper") is pleased to announce that Senator Harry Reid and Senator Dean Heller have introduced the Lyon County Economic Development and Conservation Act into the U.S. Senate.

This legislation incorporates the Yerington Land Conveyance and Sustainable Development Act, in its original form that was introduced in both the U.S. House of Representatives and the U.S. Senate earlier this year. That bill was passed by the House in June 2012 and the Senate bill was pending a hearing.

Timothy M. Dyhr, Vice President, Environment and External Relations, commented, "We are very pleased that this revised bill has now been introduced and can be acted upon at any time. There are several critical bills being considered in the lame duck session of Congress, and high priority actions like this are often combined for passage before Congress adjourns."

The primary difference between this bill and the previous bill was the inclusion of a wilderness component, referred to as Wovoka, approximately 20 miles from Pumpkin Hollow. Local wilderness advocates, with support from state and national wilderness groups, and from Senator Reid, have sought wilderness designation here for over five years. This time Senator Reid asked local stakeholders, including Lyon County and City of Yerington, to develop a compromise proposal with local input and support so that this matter could finally be resolved.

Lyon County, the City of Yerington and Nevada Copper have worked intensely over the past three months to develop a compromise that designates a compromise wilderness area, yet protected existing grazing, public access, mining uses as well as priority needs for the area. 

Senator Reid and Heller have issued a joint press release in support of the combined bill:

Senator Harry Reid stated: "My father was a miner. I've worked in the mines. I know how important mining has always been for the state of Nevada, and for the first time in a long time Yerington is going to benefit from mining, I am very happy to be part of this legislation which will create lots of jobs in Lyon county, which are so desperately needed. This bill also designates the Wovoka wilderness area, a place with special cultural and natural resources that are worthy of a high level of protection so future generations can continue enjoying them. It's a bill that's going to meet the needs of modern day Nevada."

Senator Dean Heller stated; "Lyon County has the highest unemployment rate in the state and this legislation will bring more than 800 jobs to the area. Mining is a critical component of Nevada's economy and we are fortunate to have resources in our own backyard for economic development. This legislation is the result of the hard work of Lyon County, Yerington, and all the local residents who came together to get the deal done. There is no doubt that this bill will provide some much-needed relief at a time when Nevadans are desperate for jobs."

Nevada Copper looks forward to passage of this bill. However, as previously stated, the company continues to work toward receipt of State permits by the end of the first quarter of 2013. Nevada permit applications were submitted in July 2012 for both a Stand-Alone High Grade Underground mine and mill located entirely on private land; and, Integrated Operation and single process facility. Nevada Division of Environmental Protection recently met with Nevada Copper to review the proposed project and has provided its technical comments on the Water Pollution Control Permit. Responses to those comments will be submitted in mid-January 2013.


Giulio T. Bonifacio, President & CEO

We seek safe harbor.

Nevada Copper Corp.
Eugene Toffolo
VP, Investor Relations & Communications
604-683-8266 or Toll free: 1-877-648-8266
Nevada Copper Corp.
Robert McKnight, P.Eng.
Executive Vice President & CFO
Companies Mentionned : Nevada Copper |
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Nevada Copper

ISIN : CA64128F1099
CUSIP : 64128F
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Nevada Copper is an exploration copper 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$ 59.6 millions as of today (US$ 45.8 millions, € 41.0 millions).

Its stock quote reached its lowest recent point on February 27, 2009 at CA$ 0.17, and its highest recent level on April 08, 2011 at CA$ 6.42.

Nevada Copper has 80 500 000 shares outstanding.

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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
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11/9/2010(Pumpkin Hollow)Announces Positive Metallurgical Test Results
11/1/2010(Pumpkin Hollow)Announces Decision to Proceed Directly to Definitive Feasibi...
10/26/2010(Pumpkin Hollow)Intersects 305 Feet of 1.02% Copper in the Open Pittable Nor...
10/5/2010(Pumpkin Hollow)Drilling Update
9/30/2010(Pumpkin Hollow)Continues to Intersect Multiple Zones Totaling 481 feet Incl...
9/8/2010(Pumpkin Hollow)Intersects Over 1,258 feet of 0.58% Copper in Four Separate ...
7/8/2010(Pumpkin Hollow)E2 Deposit Drilling Intersects 145 Feet of 2.37% Copper and ...
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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...
3/3/2010(Pumpkin Hollow)Intersects 4.18% Copper Over 29.7 Meters (97.5 Ft)
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
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4/28/2009(Pumpkin Hollow)Drills High Grade in the East Deposit
Corporate news of Nevada Copper
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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
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8/20/2015IIROC Trading Halt - NCU
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7/15/2015Nevada Copper Intersects 448 Feet Grading 1.0% Copper
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2/26/2015Achieves Major Milestone
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12/3/2014Nevada Copper Project Update
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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
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10/1/2013Announces $24 Million Equipment Financing
6/25/2013Receives Special Use Permit and Provides Update on Land Bill
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6/10/2013Receives Reclamation Permit
5/28/2013Provides Update on State Permits
5/7/2013s Lyon County Bill Status
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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
12/21/2012Senators Reid and Heller Introduce Land Bills to U.S. Senate
12/13/2012Announces Positive Feasibility Study Results for Stage 1 Und...
12/5/2012to Start Follow-Up Drilling of Discovery Hole NC12-34 Which ...
12/5/2012to Start Follow-Up Drilling of Discovery Hole NC12-34 Which ...
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11/19/2012Announces Positive Feasibility Study Results for Stage 1 Und...
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2/27/2012Appoints New Director & Launches Project Website
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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...
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10/19/2011Extends Drill Program
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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...
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5/3/2011(Pumpkin Hollow)Intersects 1,164 Feet of 0.49% Copper in the Pumpkin Hollow ...
10/19/2010NCU - Nevada Copper PERMIT APPROVAL
10/19/2010Permit Approval
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
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