Nevada Copper Fully Permitted
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 17, 2015) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is pleased to announce that it is now fully permitted for construction and operation of a 70,000 tons per day integrated open pit and underground mine at its Pumpkin Hollow Copper Project ("the Project").
On August 9, 2015, the appeal period for the outstanding revised reclamation permit expired. No appeals were filed and this final permit is now effective as of August 14, 2015. The revised reclamation permit was the final outstanding permit required for construction and operation of the Project.
Giulio T. Bonifacio, President and CEO commented: "Achievement of a fully permitted project is an enormous achievement and, for Pumpkin Hollow, is the culmination of years of effort by many people.
"Pumpkin Hollow has a long life and low operating cost, confirmed by our recently-completed Integrated Feasibility Study with additional upside as demonstrated by recent drilling results. What makes Pumpkin Hollow truly unique, however, is that it is now a fully-permitted copper project located in Nevada - one of the best mining jurisdictions in the world. This makes Pumpkin Hollow an attractive and scarce copper asset."
Additional Information
The Project, located near Yerington Nevada, is 100%-owned by Nevada Copper. The Project currently has proven and probable reserves of 5.05 billion pounds of copper, 760,585 ounce ounces of gold and 27.6 million ounces of silver. The Company continues to advance financing options and expects that these developments will further enhance those opportunities.
For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and visit our Pumpkin Hollow virtual tour.
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
We seek safe harbour.
Contact
Nevada Copper Corp.
Eugene Toffolo
VP, Investor Relations & Communications
604-683-8266
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
