VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2011) - Nevada Copper Corp. (News - Market indicators) ("Nevada Copper") is pleased to announce additional positive step-out drill results from the 100% owned Pumpkin Hollow Property located in Nevada. The holes reported below represent assay results from the on-going 20,000 meter step-out and expansion drilling program.
Drill holes NC11-07, NC11-12, and NC11-15 were drilled in the North Deposit. Drill holes NC11-12 and NC11-15 were successful in expanding mineralization. In addition to expanding the mineralized zones NC11-15 confirmed the continuity of the shallower high grade mineralization intersecting 358.0 feet (109.1 meters) true thickness, averaging 1.32% copper. Drill hole NC11-12 was drilled along the northeast border of the deposit. The hole intersected two large intervals 195.0 feet (59.4 meters), 149.3 feet (45.5 meters) true thickness, averaging 0.41% copper; and 190.0 feet (57.9 meters), 145.7 feet (44.4 meters) true thickness, averaging 0.51% copper.
Gregory French, Vice President, Senior Project Manager, CPG, M.Sc., commented, "The North Deposit drilling continues to be successful in expanding mineralization to the northeast and along the deeper stacked mineralized zones. The positive results are expected to have a positive effect on future open pit mine designs, both by potential expansion of the ultimate pit shell and conversion of material that is now considered waste into mill feed, but will not be reflected in the current Definitive Feasibility Study pit designs. Our 2011 drilling program continues to focus on resource step-out and expansion drilling and will follow up drilling in both areas."
NORTH DEPOSIT – Assays greater than 0.2% Cu
Drill Hole # |
From
(m) |
To
(m) |
Length
(m) |
Length
(ft) |
True
Length
(m) |
Copper
(%) |
Gold
(g/t) |
Silver
(g/t) |
Mo
(%) |
| NC11-07 |
519.7 |
534.9 |
15.2 |
50.0 |
3.7 |
1.07 |
0.128 |
4.9 |
0.008 |
| |
541.0 |
545.6 |
4.6 |
15.0 |
3.2 |
0.26 |
1.6 |
1.6 |
0.003 |
| |
563.9 |
573.0 |
9.1 |
30.0 |
6.4 |
0.38 |
0.025 |
1.8 |
0.006 |
| NC11-12 |
131.0 |
147.8 |
16.8 |
55.0 |
12.9 |
0.68 |
0.070 |
4.3 |
0.006 |
| |
172.2 |
231.6 |
59.4 |
195.0 |
45.5 |
0.41 |
0.071 |
2.7 |
0.008 |
| |
457.2 |
515.1 |
57.9 |
190.0 |
44.4 |
0.51 |
0.082 |
1.9 |
0.006 |
| NC11-15 |
218.5 |
327.6 |
109.1 |
358.0 |
109.1 |
1.32 |
0.121 |
3.0 |
0.006 |
| |
355.1 |
371.8 |
16.7 |
55.0 |
16.7 |
0.43 |
0.060 |
3.7 |
0.015 |
| |
400.8 |
411.5 |
10.7 |
35.0 |
10.7 |
0.34 |
0.037 |
2.3 |
0.008 |
| |
432.8 |
443.9 |
11.1 |
36.5 |
11.1 |
0.90 |
0.031 |
2.0 |
0.005 |
| |
524.3 |
530.4 |
6.1 |
20.0 |
6.1 |
0.43 |
0.034 |
1.8 |
0.003 |
Several holes were drilled along the edges of the other deposits. Drill hole NC11-08 drilled on the northwest edge of the East deposit intersected thinning mineralization. Drill hole NC11-06 intersected shallow low grade mineralization along the northeast edge of the South deposit. This shallow mineralization remains open and follow up drilling is planned. Drill holes NC11-10 located in the South Deposit and NC11-11 located in the East Deposit did not intersect any significant mineralization.
SOUTH DEPOSIT – Assays greater than 0.20% Cu
Drill Hole # |
From
(m) |
To
(m) |
Length
(m) |
Length
(ft) |
True
Length
(m) |
Copper
(%) |
Gold
(g/t) |
Silver
(g/t) |
Fe
(%) |
| NC11-06 |
170.7 |
208.8 |
38.1 |
125.0 |
26.9 |
0.35 |
0.015 |
1.1 |
<0.001 |
EAST DEPOSIT – Assays greater than 0.75% Cu
Drill Hole # |
From
(m) |
To
(m) |
Length
(m) |
Length
(ft) |
True
Length
(m) |
Copper
(%) |
Gold
(g/t) |
Silver
(g/t) |
Mo
(%) |
| NC11-08 |
492.5 |
496.8 |
4.3 |
14.0 |
4.3 |
1.72 |
0.122 |
4.6 |
0.010 |
| |
663.8 |
669.0 |
5.2 |
17.0 |
5.2 |
1.13 |
0.193 |
5.7 |
0.006 |
The section and plan maps with the respective drill locations for the deposits are available at http://www.nevadacopper.com/i/pdf/2011-Aug16-NR-Maps.pdf.
About Nevada Copper
Nevada Copper has 72.7 million shares outstanding and is well funded with no debt and approximately $80 million in cash. Nevada Copper is scheduled to release results from its Definitive Feasibility Study by September 30, 2011 in addition to ongoing drilling results from its 20,000 meter step-out and expansion drilling program.
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.
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.
