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Nevada Copper Obtains 100% of Water Needs for the Pumpkin Hollow Project
Published : July 28, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Nevada Copper Corp. (News - Market indicators) ("Nevada Copper") Nevada Copper is very pleased to announce that the City of Yerington has amended an existing water service agreement with Nevada Copper to provide for additional water for the 100% owned Pumpkin Hollow Project. In 2009, Nevada Copper entered into a water agreement with the City of Yerington whereby the City would provide water to Nevada Copper as a standard water service customer. The amended agreement brings the total water volumes available from the City and other sources to approximately 4,300 acre-feet, which considerably exceeds the expected net water requirements of Phases 1 and 2 of the Project.

Greg French, Vice President and Senior Project Manager, commented, "This agreement assures that Nevada Copper will have enough water to fully develop the Pumpkin Hollow project. This includes the current planned Phase 1 underground mine and associated 7,500 tons per day processing facility; and the Phase 1 & 2 combined underground mine and an adjacent open pit mine with a second 60,000 tons per day processing facility."

Under the Project mine plan, the Company will "dry stack" its tailings, which allows for recycling of up to 85% of the water for re-use in processing. This compares to the conventional slurried tailings pond disposal method, which recycles only 30-50% of the water used.

Mayor George Dini stated, "Pumpkin Hollow is a critical project for the economy of Yerington and Mason Valley. The structure of this amendment allows the City of Yerington to assist Nevada Copper in meeting their project needs, yet still provides that the City has sufficient water rights to meet other future needs."

Tim Dyhr, Vice President, Environment and External Relations, stated that "we continue to be very pleased with our ongoing working relationship with the City of Yerington. Nevada Copper recognizes that water is the lifeblood of the economy in Mason Valley. We believe that the agreement with the City utilizes that water wisely to generate economic benefits for the communities of Yerington, Mason Valley and Lyon County. This is part of development of a long term, collaborative relationship with both the City and Lyon County to maximize the economic benefits derived from these water and mineral resources. We look forward to working with both of them as the project progresses into construction and operation."

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

Qualified Person

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708. Mr. Robert McKnight, P.Eng., and Mr. French are both Qualified Persons as defined in Canadian National Instrument 43-101 and are responsible for the preparation of the technical information in this news release.


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
Nevada Copper Corp.
Robert McKnight, P.Eng.
Executive Vice President

Nevada Copper

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 28,2 millions CA$ (22,6 millions US$, 19,8 millions €).

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

Nevada Copper possède 88 170 000 actions en circulation.

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