Nevada Copper Step-out Drilling Continues to Intersect Mineralization in the East Deposit and Section 11 Target
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/06/11 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') is pleased to announce further positive drill results from the East Deposit and Section 11 Target at the 100% owned Pumpkin Hollow Property located in Nevada. The holes reported below represent assay results from the current 20,000 meter step-out expansion program.
NC10-65 and NC11-01 were drilled as step-out holes in the East Deposit. NC10-65 was pre-collared in 2010 and later completed as a geotechnical hole along the south end of the deposit. A large zone of lower grade mineralization was encountered extending to the south and the higher grade zones within the mineralized package are narrowing. NC11-01 drilled as a step-out (50 meters) along the northeast portion of the deposit was successful in extending the mineralized horizon to the east, where it remains open. NC11-01 intersected 92.7 feet (28.2 meters), 83.3 feet (25.4 meters) true thickness averaging 1.30% copper.
NC11-05 was drilled on the Section 11 Target located approximately 1650 feet (approx.500 meters) from the proposed E2 shaft. The hole was drilled approximately 700 feet (210 meters) down dip from FG-58 which averaged 118' averaging 1.4% copper. Mineralization remains open. Several zones were intersected in NC11-05, the largest was 42.0 feet (12.8 meters), 14.4 feet (4.4 meters) true thickness averaging 1.0% copper.
'The step-out drill program continues to produce positive results with NC11-01 along the northeastern boundary of the East Deposit confirming and expanding mineralization. In Section 11, previous exploration had focused on the footwall lithologies dominated iron mineralization. The recent drilling targeted the copper mineralization which is similar to the E2 Deposit. The recent results will be incorporated into the exploration model to help focus drilling on the higher grade trends especially along strike where the mineralized boundaries have not been defined', commented Gregory French, Vice President, Senior Project Manager of Nevada Copper.
EAST DEPOSIT - Assays greater than 0.75% Cu
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Drill From To Length Length Length Copper Gold Silver Fe
Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-65 647.7 667.5 19.8 65.0 19.8 1.30 0.171 2.7 18.3
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873.2 880.8 7.6 25.0 7.6 1.08 0.218 4.7 27.1
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NC11-01 523.7 551.9 28.2 92.7 25.4 1.30 0.143 3.0 11.9
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Including 536.8 551.9 15.1 49.7 13.6 1.69 0.179 3.5 16.7
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SECTION 11 TARGET - Assays greater than 0.75% Cu
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True
Drill From To Length Length Length Copper Gold Silver Fe
Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC11-05 603.5 608.1 4.6 15.0 1.6 1.12 0.174 1.2 27.1
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615.1 627.9 12.8 42.0 4.4 1.00 0.287 0.7 51.0
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637.0 644.6 7.6 25.0 2.6 1.32 0.240 0.8 50.0
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Plan maps with recent drill locations are available at www.nevadacopper.com.
About Nevada Copper
Nevada Copper has 59 million shares outstanding and is well funded with no debt and approximately $21 million in cash.
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.
We seek safe harbour.
Contacts:
Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Robert McKnight, P.Eng.
Executive Vice President
604-683-1309
bmcknight@nevadacopper.com
www.nevadacopper.com