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Nevada Copper

Publié le 27 mai 2010

Increases Drilling Program

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NEWS RELEASE

TSX: NCU

NEVADA COPPER INCREASES DRILLING PROGRAM

 

May 27, 2010 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") announces that as a result of successful drilling to date the program has been increased to 45,000 meters (148,000 ft) from the initial outlined program of 25,000 meters (82,000 ft.). To date, results from 42 of an estimated 83 drill holes that will be drilled have been reported. Currently, three drill rigs are operating at the Pumpkin Hollow Property as part of this expanded drilling program. As a result of the expanded drilling program the Pre-Feasibility which is currently in progress is now scheduled for completion by October 2010.

Mr. Giulio Bonifacio, President & CEO of Nevada Copper commented, ?In view of the successful nature of the drilling results to date, we have extended our targeted date for the completion of Pre-Feasibility from the third quarter to October which will allow us to incorporate the drill results from the expanded drilling program.?

Further to Nevada Copper?s press release dated May 18, 2010, a Cross Section of step out hole NC 10-31, which includes four mineralized zones totaling over 178 meters (585 ft) of greater than 0.80% copper in which two new deeper zones were discovered of 83.8 meters (275 ft) averaging 0.98% copper and 47.2 meters (155 ft) averaging 0.82% copper, is now available at http://media3.marketwire.com/docs/NorthSection_NC10-31.pdf.

About Nevada Copper

Nevada Copper has 53.1 million shares outstanding with Cdn.$27 million in cash and is well funded to completion of Definitive Feasibility Study scheduled for release in early 2011.

Nevada Copper is an emerging copper company, responsibly developing its advanced stage Pumpkin Hollow copper-gold-silver-iron property into Nevada's next copper mine. Concurrent with a resource delineation drilling program, metallurgical, geotechnical, hydrological, and environmental baseline data are being collected and processed for inclusion in a Pre-Feasibility Study currently in progress. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

 

NEVADA COPPER CORP.

 

Giulio T. Bonifacio
President & CEO

 

This news release includes certain statements that may be deemed ?forward-looking statements?. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although Nevada Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper?s annual filings that are available at www.sedar.com

 

For further information call:                                       OR:

Eugene Toffolo, Corporate Communications                    Giulio T. Bonifacio, President & CEO

Phone:    604-683-8266                                                  Phone: 604-699-0023

Toll free: 1-877-687-5755

Email: etoffolo@nevadacopper.com



Eugene Toffolo
Corporate Development
Nevada Copper
675 West Hastings St.
Suite - #305
Vancouver, BC
Phone: 604-683-8266
Toll Free 1-877-648-8266
Fax 604-681-0122

Nevada Copper

EN DÉVELOPPEMENT
CODE : NCU.TO
ISIN : CA64128F1099
CUSIP : 64128F
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Nevada Copper est une société d’exploration minière de cuivre basée au Canada.

Nevada Copper est en développement de projets de cuivre, d'argent, de fer et d'or en USA.

Son principal projet en développement est PUMPKIN HOLLOW en USA.

Nevada Copper est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 29,1 millions CA$ (23,3 millions US$, 20,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 08 avril 2011 à 6,42 CA$, et son plus bas niveau récent le 06 novembre 2020 à 0,06 CA$.

Nevada Copper possède 88 170 000 actions en circulation.

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