Nevada Copper Files Feasibility Study on SEDAR
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/07/12 -- Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") has filed its National Instrument 43-101 Technical Report, Feasibility Study for its 100% owned Pumpkin Hollow Copper project located near Yerington, Nevada, on SEDAR (). The Feasibility Study will also be available on Nevada Copper's website ().
Results from the Feasibility Study were previously announced on January 23, 2012. The Feasibility Study was prepared under the direction of Tetra Tech, Inc. ("Tetra Tech"), an industry leading international engineering firm, with substantial input from Merit Consultants International Inc. ("Merit"), which compiled and reviewed the initial capital cost estimate. The Feasibility Study builds upon two previous Preliminary Economic Assessments prepared by Tetra Tech, and significant metallurgical and geotechnical work completed in 2010 and 2011. The Feasibility Study confirms the technical and financial viability of constructing and operating a 67,500 ton-per-day copper mining and processing operation at Pumpkin Hollow.
Highlights of the Feasibility Study (all amounts are stated in United States dollars):
Qualified Persons
In November 2011 Nevada Copper commissioned Tetra Tech to complete the Pumpkin Hollow Project Feasibility Study in accordance with NI 43-101. The initial capital costs estimates for the Pumpkin Hollow Project in the Feasibility Study were compiled and reviewed by Merit under the direction of Jay Collins, P. Eng. The scientific and technical information in this release has been reviewed and approved by Erik Spiller, Q.P., Vice President, of Tetra Tech, and overall manager for the Feasibility Study, and by Mr. Collins both of whom are Independent Qualified Persons within the meaning of NI 43-101.
This release was also reviewed by Gregory French, P.G., Vice-President & Project Manager of Nevada Copper and Robert McKnight, P. Eng., Executive Vice-President of Nevada Copper, both of whom are Non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper has 72.8 million shares outstanding and is well funded with no debt and approximately $68 million in cash. Drilling results from the balance of a 50,000 meter step-out and expansion drilling program will continue to be released as they become available.
An updated feasibility study will be released by mid-2012 to incorporate the benefits of magnetite recovery and sales from the iron magnetite resource. Additionally, all drilling since October 2010 will be incorporated into an updated mineral resource, mineral reserve and related mining plans. The duel benefits of the iron resource and results from the 50,000 meter drilling program are expected to have a further positive impact on project economics.
For additional information about Nevada Copper please visit our website at .
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
We seek safe harbor.
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: 07.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 111750
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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