Nevada Copper Corp.: North Deposit Continues to Expand-NC1127 Intersects Mineralization Totaling 912 Feet Grading 0.96% Copper
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/12 -- Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce additional positive step-out drill results from its 100% owned Pumpkin Hollow Property located in Yerington, Nevada. The drill holes reported below represent the most recent results from the expanded 50,000 meter step-out and expansion drilling program. Three (3) exploration, one hydrologic, and one geotechnical drill rig are currently active at the Pumpkin Hollow project.
Four holes were completed in the North Deposit along the northeast border and southwest sector of the deposit where drilling continues to expand and intersect multiple zones of mineralization. NC11-27 drilled along the southwest border intersected multiple zones of mineralization, totaling 912 feet (278 meters) grading 0.96% copper. The highest grade zone was 307 feet (93.6 meters) grading 1.39% copper, 0.113 gram gold, 4.5 gram silver and 0.014% molybdenum, including 110 feet (33.5 meters) grading 2.48% copper. Follow up drilling is currently in progress.
NC11-22 drilled in the southwest sector of the North Deposit was also successful in intersecting multiple stacked zones of mineralization. The upper zones confirmed continuity and the lower zones expanded mineralization. The mineralized zones total over 728.5 feet (222 meters) averaging 0.67% copper.
NC11-21 and NC11-26 drilled along the northeast border of the North Deposit also intersected multiple zones of mineralization. The holes have expanded mineralization and confirmed mineral continuity. NC11-21 intersected 40 feet (12.2 meters) grading 1.77% copper. Mineralization continues to remain open and additional drilling is planned.
Gregory French, Vice President, Senior Project Manager, CPG, M.Sc., commented, "Our current drilling program in the North deposit continues to intersect mineralization well outside our pit outline. We believe our 2011 drilling results will have a positive impact on related mining plans and our mineral resource & reserve with an update scheduled for mid-2012. Step-out and expansion drilling will continue as the mineralization remains open in several areas."
A cross section and plan maps with the respective drill locations will be made available at .
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.
About Nevada Copper
Nevada Copper has 72.8 million shares outstanding and is well funded with no debt and approximately $70 million in cash. Drilling results from the recently-expanded 50,000 meter step-out and expansion drilling program will continue to be released as they become available. Nevada Copper is scheduled to release results of its Definitive Feasibility Study on or before January 20, 2012.
For additional information about Nevada Copper please visit our website at .
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
We seek safe harbour.
Contacts:
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
604-683-1309
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Datum: 09.01.2012 - 17:14 Uhr
Sprache: Deutsch
News-ID 102229
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