- Published: 21 January 2009
- Written by Editor
Nevada Copper-Intersects 90 Meters (294 Feet) of 1.03% Copper in the Open Pittable South Deposit
Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") continues to report very positive drilling results from its recently completed 2008 drilling program at its Pumpkin Hollow Copper Development Property located in Western Nevada.
In 2008, 73 holes were drilled for a total of 26,600 meters (87,300 feet). To date assay results from 43 holes have been reported with further drilling results being released as they become available throughout the remainder of the first quarter of 2009.
An updated resource estimate to incorporate over 26,600 meters (87,300 feet) of drilling and 16,000 meters (52,500 feet) of historic core that was assayed for gold, silver and molybdenum is scheduled for completion in the first half of 2009.
Mr. Joe Kircher, Nevada Copper's COO commented, "We are very encouraged with our drilling results to date from the South Deposit drilling and expect them to positively impact both the tenor and total copper resource of this relatively shallow deposit. In fact, the South Deposit may ultimately prove to be the new economic driver of Pumpkin Hollow's open pit production."
An updated resource estimate for the entire Pumpkin Hollow Project is currently underway and scheduled for release in the 1st quarter of 2009. In November of 2007, the Company reported a NI 43-101 compliant copper resource estimate for the South/Southeast Deposit, at a 0.2% cutoff, of: Measured 9.4MM tons @ 0.46% copper, Indicated 77.8 MM tons at 0.46% copper, and an additional Inferred resource of 75.9 MM tons @ 0.37% copper, resulting in a total contained copper resource of 1.4 billion pounds.
Drill hole NC08-25 in the South Deposit intersected 89.6 meters (294.0 ft), 77.7 meters true thickness, averaging 1.03% copper. NC08-25 was drilled as an infill hole targeting the up-dip extension of copper mineralization along the southern boundary of the South Deposit. Additionally, drill hole NC08-23, also drilled as an infill hole in the South Deposit, intersected several large zones of copper mineralization: 61.3 meters (201.0 ft), 52.5 meters true thickness, averaging 1.00% copper and 80.1 meters (263.0 ft), 68.7 meters true thickness, averaging 0.66% copper. The mineralized zones confirmed continuity especially with adjacent hole L-88 (61 meters west) which intersected 59.1 meters (194.0 ft), averaging 1.53% copper and 86.3 meters (283 ft), averaging 0.65% copper.
Drill holes NC08-31, 33, and 34 were drilled as infill holes near the southern edge of the copper mineralization and intersected several smaller zones mineralization. A South Deposit plan map and a cross section with holes NC08-25 and 31 are available at http://www.nevadacopper.com/s/PumpkinHollow.asp?ReportID=191564. Drill results announced here represent true thicknesses.
SOUTH DEPOSIT - Open Pit: Assays greater than 0.3% 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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NC08-23 216.7 224.8 8.1 26.5 6.9 0.84 0.035 1.7 7.5
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248.1 309.4 61.3 201.0 52.5 1.00 0.144 7.1 34.3
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346.0 426.1 80.1 263.0 68.7 0.66 0.079 2.0 17.3
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NC08-25 132.6 137.2 4.6 15.0 3.9 0.47 0.060 3.5 9.3
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160.9 165.5 4.6 15.0 3.9 0.79 0.080 3.5 8.7
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174.7 264.3 89.6 294.0 77.7 1.03 0.127 6.5 31.9
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337.4 342.0 4.6 15.0 3.9 0.42 0.044 1.3 28.6
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NC08-31 189.1 199.0 9.9 32.5 8.5 0.33 0.011 1.5 20.5
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238.6 272.3 33.7 110.5 28.9 0.64 0.026 1.9 6.8
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281.3 285.0 3.7 12.0 3.2 0.40 0.027 1.4 13.0
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292.0 298.4 7.9 26.0 6.8 0.56 0.060 3.1 23.8
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NC08-33 218.4 225.0 6.6 21.5 5.6 0.55 0.027 0.8 36.3
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234.1 240.2 6.1 20.0 5.2 0.70 0.014 0.3 19.3
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NC08-34 122.7 136.7 14.0 46.0 12.0 0.44 0.071 3.7 23.0
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189.4 181.0 21.6 71.0 18.5 0.50 0.081 4.3 36.6
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250.9 253.9 3.0 10.0 2.6 0.32 0.074 2.3 44.3
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269.1 276.6 7.5 24.5 6.4 0.34 0.089 3.0 34.9
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Drill holes NC08-27 and 32 were drilled in the shallow open pittable Southeast Deposit. The Southeast Deposit is a possible candidate for a starter pit as the mineralization is shallower than the more massive North and South deposits. Drill hole NC08-27 was designed as an infill hole and intersected 48.8 meters (160 ft), 28.0 meters true thickness, averaging 0.42% copper. NC08-32 also drilled as an infill hole intersected a small zone of Tertiary gold mineralization in addition to the older IOGC mineralization, 6.1 meters (20 ft), averaging 1.93 g/t gold in the younger conglomerates.
SOUTHEAST DEPOSIT - Open Pit: Assays greater than 0.3% 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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NC08-27 88.4 109.7 21.3 70.0 12.2 0.47 0.091 1.5 56.8
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133.5 143.3 9.8 32.0 5.6 0.35 0.097 4.4 28.1
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173.8 189.0 15.2 50.0 8.7 0.56 0.075 1.7 60.9
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198.7 247.5 48.8 160.0 28.0 0.42 0.052 0.7 29.6
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including 76.2 194.2 118.0 387.0 67.5 0.29 0.057 1.4 48.1
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less
NC08-32,-70 than
degrees 30.5 36.6 6.1 20 4.2 0.001 1.93 0.4 3.7
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144.8 147.8 3.0 10.0 2.1 1.69 0.045 3.1 40.9
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158.5 167.6 9.1 30.0 6.3 0.52 0.050 3.8 33.8
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235.5 249.0 13.5 44.5 9.4 0.36 0.047 0.6 31.7
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Nevada Copper continues its program to develop its advanced stage Pumpkin Hollow IOCG Property with the resource delineation drilling program, metallurgical, geotechnical, hydrological, condemnation data and environmental baseline data for purposes of a Feasibility Study planned to commence in 2009.
The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, 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
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.
Contacts: Nevada Copper Corp. Eugene Toffolo Corporate Communications (604) 683-8266 or Toll Free: 1-877-648-8266 Nevada Copper Corp. Giulio T. Bonifacio President & CEO (604) 699-0023 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.nevadacopper.com
SOURCE: Nevada Copper Corp.
mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.nevadacopper.com
