Nevada Copper Corp.: North Deposit Mineralization Continues to Expand, Including New Shallow Mineralization
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/08/13 -- Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce drill results from its 100% owned Pumpkin Hollow Property located near Yerington, Nevada. Results from three (3) drill holes of the current follow-up 2013 drill program are described below. Further drill results are pending.
The current follow-up drill program has targeted the new mineralization discovered at the end of last year's drilling program which was not included in the resource update released in September 2012. The results represent drilling along the southern edge of the open-pittable North deposit and just outside the current feasibility study open pit limits.
Two holes, NC13-03 and NC13-06, intersected multiple zones of mineralization along the south edge of the North deposit. The mineralized zones in NC13-03 totaled 263 feet (80.2 meters) and average 0.53% copper. Mineralization remains open and seems to trend south/southeast toward pre-collar hole NC13-09.
NC13-09 is located east of NC13-03 and NC13-04. This shallow pre-collar hole intersected 55 feet (16.8 meters), 51.5 feet (15.7 meters) true thickness averaging 0.43% copper and bottomed in 25 feet (7.6 meters), 23.3 feet (7.1 meters) true thickness of shallow mineralization averaging 0.46% copper. The hole has been has been completed to depth and results are pending.
Gregory French, Vice President, Senior Project Manager, commented, "The results from drill holes NC13-03 and NC13-06 continue to demonstrate the potential to further expand the mineralization between the North and South deposit. The shallow mineralization encountered in the pre-collar NC13-09 is very encouraging. While also indicating the strength of the mineralizing system, the shallow mineralization will have a positive effect on future pits designs."
NORTH DEPOSIT - Assays greater than 0.15% Cu
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True
Drill Hole # From To Length Length Length Copper Gold Silver Mo
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(m) (m) (m) (ft) (m) % (g/t) (g/t) %
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NC13-03 398.1 404.2 6.1 20.0 6.1 0.18 0.012 0.87 less
than
0.001
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429.8 461.2 31.4 103.0 31.4 0.47 0.064 2.06 less
than
0.001
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491.0 533.7 42.7 140.0 42.7 0.62 0.080 2.49 less
than
0.001
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NC13-06 407.2 415.7 8.5 28.0 8.5 0.17 0.003 0.47 less
than
0.001
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422.1 433.5 11.4 37.5 11.4 0.21 0.012 0.71 less
than
0.001
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451.9 485.6 33.7 110.5 33.7 0.33 0.043 1.55 less
than
0.001
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578.5 586.6 8.1 26.5 8.1 0.19 0.010 0.76 less
than
0.001
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NC13-09 146.3 163.1 16.8 55.0 15.7 0.43 0.014 1.10 less
than
0.001
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pre-collar 170.7 178.3 7.6+ 25.0+ 7.1 0.46 0.017 1.62 0.009
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As previously reported, the updated measured and indicated copper resource in the North and South Deposits (together the "Western Deposits") increased by over 1.1 billion pounds to 5.4 billion pounds (see October 19, 2012 updated resource news release for details).
A cross section and plan map with the respective drill locations is available at http://www.nevadacopper.com/i/pdf/2013-05-08_NRM.pdf.
Qualification Statement
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.
Giulio T. Bonifacio, President & CEO
We seek safe harbour.
Contacts:
Nevada Copper Corp.
Eugene Toffolo
VP, Investor Relations & Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
604-683-1309
bmcknight@nevadacopper.com
www.nevadacopper.com
