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Cours Or & Argent
Nevada Copper Intersects 470 Feet at 0.73% Copper in the North Deposit
Published : May 29, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2012) - Nevada Copper Corp. (News - Market indicators) ("Nevada Copper") is pleased to announce additional step-out drill results from its 100% owned Pumpkin Hollow Property located near Yerington, Nevada. The drill holes reported below represent results from the on-going 50,000 meter step-out and expansion drilling program. To date 85 holes totaling 44,000 meters have been drilled. Two exploration drill rigs are currently active at the Pumpkin Hollow project. Additional drill results will be released as they become available.

On February 6, 2012, Nevada Copper SEDAR-filed a National Instrument 43-101 Technical Report Feasibility Study for the Pumpkin Hollow Copper project based on a mineral resource developed from drilling results to October 2010. Drilling results since October 2010 which have been extremely positive will be incorporated into an updated mineral resource to be released in July 2012. From this updated resource, a new mineral reserve and related mining plans will be developed as part of a feasibility study update, targeted to be released in October 2012. The updated feasibility study will also incorporate the benefits of magnetite recovery and sales from the project's iron magnetite resource. The dual benefits of the iron resource and the anticipated expansion of the project's copper reserves are expected to have a positive impact on already favorable project economics.

The drill results reported below represent holes drilled in the open pittable Western deposits: five holes drilled on the edges of the North deposit and two holes between the North and South deposit. The holes have intersected new mineralization within or just outside the outside the current NI 43-101 Feasibility Study ultimate open pit limits.

Drilling along the southwest edge of the North deposit, Drill hole NC11-51 intersected mineralization at the boundary of the current designed pit, several zones were intersected, the largest zone, 470 feet (143.2 meters), 407 feet (124.0 meters) true thickness grading 0.73% copper. Additional step out drilling continues in this area and still remains open in several directions.

Drill hole NC11-47 was drilled in the northeast sector of the North deposit where multiple zones of mineralization were intersected. The mineralized zones are just outside and within the present ultimate pit limit. Mineralization along the northeast border remains open and follow up drilling is in progress.

Drill hole NC11-41, 42, and 46 targeted the mineralization along the southeastern portion of the North Deposit and drill hole NC11-44 along the southwestern portion of the deposit. Mineralization continues to be intersected. Drilling continues to extend and confirm the continuity of mineralization along the southern border of the North deposit.

Drilling continues to intersect mineralization between the North and South deposits. Drill holes NC11-40; NC11-45; and NC12-02 all intersected mineralization. Drill hole NC11-40 intersected, 191 feet (58.2 meters), 146.3 feet (44.6 meters) true thickness grading 0.25% copper. The mineralization remains open and additional drilling is planned.

Gregory French, Vice President, Senior Project Manager, commented, "Drilling continues to focus on expanding mineralization along the edges of the open pit deposits, and expanding the mineralized zones previously discovered between the North and South open pits. In addition to finding mineralization just outside the current Feasibility Study open pit limits, drilling has also encountered new mineralization within the pit boundaries - in areas previously modeled as waste. We believe the continued success of the expansion drilling suggests that the North and South pits will eventually merge, with positive implications for lowering strip ratios, improving overall mining efficiencies and lowering costs."

NORTH DEPOSIT - Assays greater than 0.15% Cu
 
Drill Hole # From To Length Length True Length Copper Gold Silver Mo
  (m) (m) (m) (ft) (m) % (g/t) (g/t) (g/t)
NC11-41 235.0 249.9 14.9 49.0 11.4 0.36 0.025 0.8 0.003
  265.2 271.3 6.1 20.0 4.7 0.78 0.022 0.8 <0.001
NC11-42 234.7 239.3 4.6 15.0 3.5 0.24 0.020 0.8 <0.001
NC11-44 370.3 387.1 16.8 55.0 15.5 0.34 0.054 1.7 0.009
  405.4 420.6 15.2 50.0 14.0 0.27 0.071 1.4 0.011
  429.8 435.9 6.1 20.0 5.6 0.18 0.025 1.0 0.002
  452.6 457.2 4.6 15.0 4.3 0.32 0.041 1.7 0.002
  461.7 466.3 4.6 15.0 4.3 0.43 0.465 2.4 0.003
  480.3 486.2 6.1 20.0 5.6 0.34 0.060 2.2 0.006
  495.3 519.7 24.4 80.0 22.5 0.50 0.088 2.8 0.004
NC11-46 182.9 201.2 18.3 60.0 16.6 0.58 0.051 2.2 0.008
  265.2 271.3 6.1 20.0 5.5 0.32 0.030 1.1 0.013
  296.7 307.9 12.2 40.0 9.3 0.18 0.019 0.8 <0.001
NC11-47 186.5 190.2 3.7 12.0 3.6 0.26 0.051 1.5 0.003
  240.5 253.0 12.5 41.0 12.1 0.51 0.095 1.9 0.003
  295.3 300.2 4.9 16.0 4.7 0.41 0.028 1.9 0.002
  314.5 336.8 22.6 74.0 21.8 0.78 0.117 3.0 <0.001
  357.8 364.2 6.4 21.0 6.2 0.37 0.018 1.0 <0.001
  374.3 379.5 5.2 17.0 5.0 0.19 0.054 1.0 0.002
  490.7 501.4 10.7 35.0 10.3 0.20 0.006 1.3 <0.001
  527.3 554.7 27.4 90.0 26.5 0.26 0.015 1.2 <0.001
NC11-51 161.5 167.6 6.1 20.0 6.1 0.28 0.028 0.8 0.001
  245.4 253.0 7.6 25.0 6.6 0.59 0.090 2.6 0.013
  341.4 355.1 13.7 45.0 11.9 0.31 0.194 0.9 0.006
  365.8 509.0 143.2 470.0 124.0 0.73 0.119 2.5 0.014
NC12-01 No Significant Intercepts
 
 
BETWEEN NORTH & SOUTH DEPOSITS - Assays greater than 0.15% Cu
 
Drill Hole # From To Length Length True Length Copper Gold Silver Mo
  (m) (m) (m) (ft) (m) % (g/t) (g/t) (g/t)
NC11-40 150.9 209.1 58.2 191.0 44.6 0.25 0.023 0.8 <0.001
NC11-45 129.5 192.0 62.5 205.0 47.9 0.20 0.024 0.8 <0.001
NC12-02 171.3 217.9 46.6 153.0 35.7 0.24 0.029 1.4 <0.001
  228.6 242.5 13.9 45.5 10.7 0.20 0.027 0.8 0.001

Plan maps with the respective drill locations will be made available at http://www.nevadacopper.com/i/pdf/120528nr-maps.pdf.

The Pumpkin Hollow drilling program is under the supervision of Gregory French, CPG #10708, and a Qualified Person as defined in Canadian National Instrument 43-101, who is responsible for the preparation of the technical information in this news release. All assaying and whole rock geochemistry is processed at the American Assay Laboratories (AAL) in Reno, Nevada. Samples are delivered from the project core logging facility to AAL by Nevada Copper or AAL personnel. A Quality Assurance and Quality Control Assay Protocol have been implemented whereby blanks and standards are inserted into the assay stream and check samples are sent to Chemex-Reno and Inspectorate-Reno laboratories.

About Nevada Copper

Nevada Copper has 73 million shares outstanding and is well funded with no debt and approximately $60 million in cash. 

For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

We seek safe harbour.



Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
or
Nevada Copper Corp.
Robert McKnight, P.Eng.
Executive Vice President
604-683-1309
bmcknight@nevadacopper.com
www.nevadacopper.com

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 2,6 millions CA$ (1,9 millions US$, 1,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 08 avril 2011 à 6,42 CA$, et son plus bas niveau récent le 07 juin 2024 à 0,03 CA$.

Nevada Copper possède 88 170 000 actions en circulation.

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