NEWS RELEASE
TSX: NCU
Nevada Copper Drills Over 650 Feet Of Greater Than 0.70% Copper In Three Separate Intervals Including 126.5 Feet Of 1.38% Copper
April 23, 2010 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce further drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The drill results continue to demonstrate continuity of mineralization and upgrading of the copper resource. Drill results reported here represent results from Nevada Copper?s recently completed 2009-2010 drilling program which totaled over 27,000 meters of resource drilling. To date, results from 32 of 48 holes drilled have been received and reported with further drill results pending. As a result of the very positive drilling results to date, Nevada Copper has expanded its current drilling program. Currently, three drill rigs are operating at the Pumpkin Hollow Property as part of this expanded program.
Drill hole NC10-13 was drilled as an infill hole in the open pit South Deposit where previous holes were either shallow or low grade. Drill hole NC10-13 was collared 37 meters (121ft) southeast of L-59 where three mineralized zones were intersected, 78.9 meters (259ft) averaging 0.61% copper, 85.3 meters (280ft) averaging 0.33% copper and 27.7 meters (91ft) averaging 0.42% copper. Drill hole NC10-13 also intersected three mineralized zones and copper grades were significantly higher. The zones are 73.6 meters (241.5 ft) averaging 0.72% copper, 87.3 meters (286.5ft) averaging 0.70% copper and a deeper high grade zone of 38.5 meters (126.5 ft) averaging 1.38% copper. Drill Hole NC10-12 was drilled along the down dip extension where the mineralization is narrowing.
A plan map of the South Deposit and respective drill collars is available at www.nevadacopper.com. Drill results announced here represent true thicknesses and are summarized below:
SOUTH DEPOSIT ? Assays greater than 1% Cu
Drill Hole # | From (m) | To (m) | Length (m) | Length (ft) | True Length (m) | Copper (%) | Gold (g/t) | Silver (g/t) | Iron (%) |
NC10-12 | 123.8 | 132.6 | 8.8 | 29.0 | 6.7 | 0.35 | 0.065 | 0.8 | 14.9 |
| 321.4 | 338.0 | 16.6 | 54.5 | 12.7 | 0.85 | 0.211 | 5.3 | 21.7 |
| 396.2 | 402.3 | 6.1 | 20.0 | 4.7 | 0.45 | 0.076 | 2.2 | 15.0 |
| 445.0 | 449.6 | 4.6 | 15.0 | 3.5 | 0.32 | 0.022 | 0.7 | 7.5 |
NC10-13 | 150.9 | 224.5 | 73.6 | 241.5 | 56.4 | 0.72 | 0.134 | 2.5 | 37.9 |
| 320.0 | 407.3 | 87.3 | 286.5 | 66.9 | 0.70 | 0.074 | 1.7 | 11.8 |
| 414.1 | 452.6 | 38.5 | 126.5 | 29.5 | 1.38 | 0.165 | 4.0 | 29.4 |
Drill holes NC10-04 and NC10-19 were drilled as infill holes to determine the continuity of the open pit grade mineralization of the North Deposit. The holes intersected multiple zones of mineralization and continue to confirm continuity. One of the larger zones encountered was in drill hole NC10-19 where the hole intersected 74.2 meters (243.5 ft), 52.5 meters true thickness averaging 0.42% copper. Drill hole NC10-04 confirmed the continuity of mineralization where previous drill holes had encountered drill and sampling problems. Drill hole NC10-24 confirmed continuity and extended mineralization along the southeast portion of the North Deposit.
NORTH DEPOSIT ? Assays greater than 0.3% Cu
Drill Hole # | From (m) | To (m) | Length (m) | Length (ft) | True Length (m) | Copper (%) | Gold (g/t) | Silver (g/t) | Mo (%) |
NC10-04 | 65.5 | 76.2 | 10.7 | 35 | 8.2 | 0.59 | 0.009 | 1.0 | 0.007 |
| 142.3 | 146.6 | 4.3 | 14.0 | 3.3 | 0.60 | 0.023 | 1.5 | 0.008 |
| 179.2 | 187.8 | 8.5 | 28.0 | 6.5 | 0.93 | 0.050 | 3.1 | 0.007 |
| 251.0 | 276.8 | 25.8 | 84.5 | 19.8 | 0.68 | 0.129 | 2.3 | 0.004 |
| 302.7 | 341.4 | 38.7 | 127 | 29.6 | 0.51 | 0.059 | 1.6 | 0.048 |
| 388.6 | 432.8 | 44.2 | 145 | 33.9 | 0.51 | 0.053 | 1.1 | 0.002 |
| 442.0 | 458.7 | 16.8 | 55 | 15.1 | 0.53 | 0.079 | 1.7 | 0.001 |
| 485.5 | 497.7 | 12.2 | 40 | 9.3 | 0.45 | 0.084 | 2.1 | <0.001 |
NC10-19 | 77.7 | 83.8 | 6.1 | 20 | 4.3 | 0.71 | 0.006 | 1.0 | 0.004 |
| 146.6 | 164.9 | 18.3 | 60 | 12.9 | 0.55 | 0.046 | 1.9 | 0.023 |
| 187.8 | 201.5 | 13.7 | 45 | 9.7 | 0.56 | 0.062 | 1.8 | 0.002 |
| 211.8 | 227.0 | 15.2 | 50 | 10.7 | 0.42 | 0.011 | 0.8 | 0.002 |
| 238.0 | 260.9 | 22.9 | 75 | 16.2 | 0.39 | 0.038 | 0.9 | 0.002 |
| 269.0 | 343.2 | 74.2 | 243.5 | 52.5 | 0.42 | 0.020 | 0.9 | 0.003 |
| 369.1 | 375.6 | 7.5 | 24.5 | 5.1 | 0.71 | 0.038 | 2.4 | 0.006 |
| 414.5 | 419.1 | 5.6 | 15 | 4.0 | 0.44 | 0.023 | 1.2 | 0.005 |
NC10-24 | 203.3 | 224.9 | 21.6 | 71.0 | 21.6 | 0.76 | 0.035 | 1.4 | 0.001 |
| 230.9 | 258.0 | 27.1 | 89 | 27.1 | 0.35 | 0.027 | 1.0 | 0.001 |
| 272.8 | 276.9 | 4.1 | 13.5 | 4.1 | 0.65 | 0.014 | 0.5 | <0.001 |
The recent holes drilled in the East and E-2 Deposits focused on defining or expanding the edges of the higher grade areas. Drill holes NC10-14 through 17 defined the edges of mineralization. Both drill hole NC10-10 and NC10-18 expanded the higher grade mineralized zones. Hole NC10-18 intersected several zones with the two largest; 17.5 meters (57.5 ft), averaging 2.04% copper and 14.0 meters (46.0ft), averaging 2.50% copper. A follow up drill hole is planned for the NC10-18 area.
EAST DEPOSIT ? Assays greater than 1% Cu
Drill Hole # | From (m) | To (m) | Length (m) | Length (ft) | Copper (%) | Gold (g/t) | Silver (g/t) | Iron (%) |
NC10-10 | 576.2 | 578.2 | 2.0 | 6.5 | 4.60 | 0.300 | 4.5 | 12.0 |
| 601.7 | 609.2 | 7.5 | 24.5 | 1.10 | 0.073 | 2.4 | 5.1 |
| 620.9 | 632.9 | 12.0 | 39.5 | 1.67 | 0.178 | 2.1 | 12.3 |
| 658.8 | 662.3 | 3.5 | 11.5 | 1.46 | 0.068 | 1.4 | 3.4 |
| 670.0 | 673.3 | 3.3 | 10.7 | 1.04 | 0.129 | 2.8 | 8.8 |
NC10-14 | 531.7 | 536.4 | 4.7 | 15.5 | 2.40 | 0.069 | 4.7 | 6.4 |
NC10-16 | 513.0 | 516.3 | 3.3 | 11.0 | 1.24 | 0.035 | 1.6 | 6.8 |
| 668.3 | 671.6 | 3.3 | 11.0 | 2.28 | 0.167 | 2.4 | 7.1 |
NC10-17 | 528.2 | 531.5 | 3.3 | 11.0 | 2.10 | 0.216 | 2.1 | 24.2 |
NC10-18 | 473.7 | 491.2 | 17.5 | 57.5 | 2.04 | 0.313 | 5.7 | 18.5 |
| 519.7 | 522.1 | 2.4 | 7.8 | 8.18 | 0.841 | 121.8 | 13.6 |
| 581.9 | 595.9 | 14.0 | 46.0 | 2.50 | 0.392 | 12.1 | 22.6 |
| 615.4 | 624.8 | 9.4 | 31.0 | 1.72 | 0.252 | 8.2 | 16.8 |
E2 DEPOSIT ? Assays greater than 1% Cu
Drill Hole # | From (m) | To (m) | Length (m) | Length (ft) | True Length (m) | Copper (%) | Gold (g/t) | Silver (g/t) | Iron (%) |
NC10-15 | 651.7 | 654.7 | 3.0 | 10 | 1.3 | 1.41 | 0.017 | 4.1 | 10.6 |
About Nevada Copper
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 and scheduled for completion by the third quarter.
To date over 530 drill holes containing in excess of 223,000 meters of drilling have been incorporated into the resource database.
In December 2009, Nevada Copper updated its National Instrument 43-101 Preliminary Economic Assessment (?PEA?) for its 100% owned Pumpkin Hollow IOGC Property in Nevada which incorporated a High Grade Case. This is an update to the PEA results published on March 17, 2008 both of which are available on Nevada Copper?s website.
The Pumpkin Hollow drilling program is under the supervision of Gregory French, CPG #10708, 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
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
Tollfree: 1-877-687-5755
Email: etoffolo@nevadacopper.com