Nevada Copper Drills 1,000 ft of Mineralization Grading 0.68% Copper Along the Southern Boundary of the North Deposit
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/15/11 -- 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 results from the recently expanded 50,000 meter step-out and expansion drilling program. Three (3) drill rigs are currently active at the Pumpkin Hollow project.
Drill hole NC11-20 was drilled in the North Deposit along the southwest sector of the deposit where multiple zones of mineralization continue to expand southward. Three zones of mineralization were intersected for a total of 1,000 feet (304.8 meters) grading 0.68% copper. In addition to expanding the main mineralization to the south the deeper stacked mineralized zones were also intersected. The deeper mineralized zones are partially represented by the large zone intersected in hole NC11-20, 800 feet (243.8 meters), 655.2 feet (199.7 meters) true thickness, averaging 0.54% copper. Follow up drilling is currently in progress.
NC11-19 intersected multiple zones of low grade mineralization along the northeast border of the South Deposit. The hole expanded mineralization and confirmed mineral continuity. A series of holes are planned for this area in order to determine the extent of mineralization between the North and South Deposits.
NC11-18 targeted mineralization along the southwest boundary of the East Deposit. While the mineralization in this area is thinning, continuity of the main mineralized zone was confirmed.
Giulio Bonifacio, President & CEO, commented, 'Our current step out and expansion drilling program and results which commenced at the beginning of 2011 and recently expanded to 50,000 meters will not be included in our upcoming Definitive Feasibility Study. Based on the successful drilling results to date, we do believe the current expansion of the mineralization in the North and South Deposits will have a very positive effect on the future resource and open pit mine designs.'
NORTH DEPOSIT - Assays greater than 0.2% Cu
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From To Length Length Length Copper Gold Silver Mo
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC11-20 198.1 230.1 32.0 105.0 26.2 1.33 0.134 4.5 0.016
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246.9 275.8 28.9 95.0 23.7 1.15 0.176 3.8 0.013
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288.0 531.8 243.8 800.0 199.7 0.54 0.070 2.1 0.009
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SOUTH DEPOSIT - Assays greater than 0.20% Cu
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True
From To Length Length Length Copper Gold Silver Fe
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC11-19 259.1 284.7 25.6 84.0 18.1 0.40 0.024 1.0 37.7
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342.9 349.9 7.0 23.0 5.0 0.26 0.025 0.8 11.5
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356.6 390.1 33.5 110.0 23.7 0.22 0.020 0.5 12.5
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397.0 414.5 17.5 57.5 12.4 0.22 0.026 0.9 25.8
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422.4 440.4 18.0 59.0 12.7 0.30 0.043 1.5 35.4
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455.4 461.0 5.6 18.5 4.0 0.36 0.029 0.9 21.9
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EAST DEPOSIT - Assays greater than 0.75% Cu
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True
From To Length Length Length Copper Gold Silver Fe
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC11-18 576.2 586.7 10.5 34.5 34.5 0.85 0.195 4.8 43.4
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A cross section and plan maps with the respective drill locations will be made available at http://www.nevadacopper.com/s/MapGallery.asp?ReportID=489888.
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 $73 million in cash. Nevada Copper is scheduled to release results of its Definitive Feasibility Study at the end of the fourth quarter 2011. Drilling results from the recently expanded 50,000 meter step out and expansion drilling program will continue to be released as they become available.
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
