Nevada Copper Intersects 230 Feet of 1.46% Copper in the Open Pittable North Deposit
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/04/10 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') announces further drill results at the 100% owned Pumpkin Hollow Property located in Nevada. These drill results continue to demonstrate continuity of mineralization and upgrading of the copper resource. Drill results reported here represent results from Nevada Copper's current drill program which has recently been increased to 45,000 meters (148,000 ft). To date, results from 64 of an estimated 83 drill holes to be drilled have been reported.
NC10-52 was drilled to follow up the deep mineralization discovered in NC10-3 (70m South) along the southeastern portion of the open pittable North Deposit. NC10-52 confirmed the continuity of the upper mineralization intersecting 70.1 meters (230.0 ft) averaging 1.46% copper. The hole also expanded the recently discovered lower zone, intersecting 28.0 meters (92.0 ft), 22.9 meters true thickness averaging 0.65% copper and 51.5 meters (169.0 ft), 41.9 meters true thickness averaging 0.95% copper. The mineralization remains open and follow up drilling is planned.
The eastern edge of the North Deposit mineralization also remains open. NC10-50 a step out hole intersected 29.0 meters (95.0 ft), averaging 0.56% copper and 30.8 meters (101.0 ft), averaging 0.48% copper. Also drilled in the North deposit were NC10-41 drilled as a step out along the southern edge of the deposit and NC10-46 as an infill hole.
'Follow up drilling in the North Deposit continues to intersect significant zones of mineralization. Not only have the holes confirmed continuity but have been successful in expanding the recently discovered lower zone. These results will have a positive impact on an already robust project economics,' commented Giulio Bonifacio, President and CEO of Nevada Copper.
Hole NC10-53 was drilled as an infill hole in the upper portions of the E-2 Deposit. The results are very positive demonstrating the continuous nature of the high grade mineralization. NC10-53 intersected 29.0 meters (95.0 ft), 14.5 meters true thickness averaging 1.9% copper and 0.394 g/t gold.
NC10-49 and NC10-54 drilled in the East Deposit focused on upgrading resource classifications and confirming continuity of mineralization along the edges of mineralization. NC10-49 intersected 10.7 meters (35.0 ft) averaging 3.0% copper. The results of this step out hole show that mineralization is still open along the eastern edge of the East Deposit.
Plan maps with recent drill locations and a cross section will be made available at www.nevadacopper.com.
NORTH DEPOSIT - Assays greater than 0.3% Cu
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True
From To Length Length Length Copper Gold Silver Mo
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-41 329.5 334.0 4.5 15.0 3.2 0.97 0.090 1.5 0.010
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350.5 358.1 7.6 25.0 5.4 0.45 0.018 1.0 0.002
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NC10-46 226.2 233.2 7.0 23.0 5.0 0.42 0.030 1.8 0.007
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281.0 285.0 4.0 13.0 2.8 0.74 0.050 3.0 0.010
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326.1 330.7 4.6 15.0 3.2 0.33 0.054 1.7 0.001
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less
than
344.4 356.6 12.2 40.0 8.6 0.36 0.031 1.5 .001
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NC10-48 172.2 183.8 11.6 38.0 8.9 1.00 0.039 3.6 0.004
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202.7 208.5 5.8 19.0 4.4 1.55 0.097 5.4 0.012
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NC10-50 222.5 251.5 29.0 95.0 29.0 0.56 0.055 1.7 0.004
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262.1 292.9 30.8 101.0 30.8 0.48 0.069 2.0 0.003
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NC10-52 199.6 205.7 6.1 20.0 20.0 0.35 0.011 0.8 0.002
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211.8 281.9 70.1 230.0 230.0 1.46 0.005 0.4 0.001
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352.0 353.5 1.5 5.0 1.5 1.22 0.612 4.3 0.006
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455.1 483.1 28.0 92.0 22.9 0.65 0.100 2.7 0.006
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500.2 551.7 51.5 169.0 41.9 0.95 0.212 3.2 0.016
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578.8 582.1 3.3 11.0 2.7 0.65 0.116 1.8 0.003
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E2 DEPOSIT - Assays greater than 1% Cu
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Drill True
Hole From To Length Length Length Copper Gold Silver Fe
# (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-53 272.8 301.8 29.0 95.0 14.5 1.90 0.394 7.7 16.4
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309.4 315.5 6.1 20.0 3.1 1.12 0.188 6.0 19.9
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342.9 346.0 3.1 10.0 1.6 1.27 0.277 4.2 29.2
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EAST DEPOSIT - Assays greater than 1% Cu
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Drill Hole From To Length Length Copper Gold Silver Iron
# (m) (m) (m) (ft) (%) (g/t) (g/t) (%)
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NC10-49 527.3 538.0 10.7 35.0 3.00 0.278 6.1 6.1
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559.3 625.4 6.1 20.0 1.40 0.231 2.2 5.4
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NC10-54 468.3 470.9 2.6 8.5 2.69 0.289 11.6 26.4
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504.4 515.1 10.7 35.0 1.24 0.140 3.1 18.4
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Corporate Developments
Nevada Copper is very pleased to announce that Mr. Gregory French has been appointed Vice President, Senior Project Manager.
Nevada Copper also announces the resignation of Joe Kircher as a Director of the Company.
About Nevada Copper
Nevada Copper has 53.1 million shares outstanding with approximately Cdn. $24 million in cash and is well funded to completion of the current drilling program, Pre-Feasibility and the 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 and scheduled for completion in the fourth quarter.
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
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.
Contacts:
Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
604-699-0023
www.nevadacopper.com