Nevada Copper Announces Selection of Underground Contractor
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/16/11 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') is pleased to announce that it has selected Clark Construction Group LLC ('Clark') as its underground contractor. Clark has been selected for purposes of sinking of a 2,200 foot, 24 foot diameter production-sized shaft on the East underground deposit of the Pumpkin Hollow Project located in Yerington, Nevada. This selection was made after a comprehensive bidding and review process conducted over the past six months by Merit Consultants International Inc. and Nevada Copper.
Clark is highly recognized as one of the most experienced providers of construction services in the United States. Clark has been in business since 1906 with annual revenues over $4 billion. Clark personnel experienced with tunneling and shaft work, will undertake the shaft sinking work. A subsidiary of Clark, Guy F. Atkinson Construction LLC ('Atkinson') is also part of the TetraTech team working on the Pumpkin Hollow Definitive Feasibility Study. Clark has completed numerous shaft and tunneling projects, including two shafts for Newmont Mining's Leeville project in Nevada, one of which is 22 feet in diameter and 1,900 foot deep.
Clark is expected to mobilize to site early in 2012. Nevada Copper is currently advancing engineering work and subsequent construction of required infrastructure upgrades and shaft surface facilities, including hoist, head frame and related buildings.
About Nevada Copper
Nevada Copper has 72.8 million shares outstanding and is well funded with no debt and approximately $71 million in cash.
For additional information about Nevada Copper please visit our website at www.nevadacopper.com.
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
etoffolo@nevadacopper.com
Nevada Copper Corp.
Robert McKnight, P.Eng.
Executive Vice President
604-683-1309
bmcknight@nevadacopper.com
www.nevadacopper.com
