- Published: 08 July 2010
- Written by Editor
Nevada Copper's E2 Deposit Drilling Intersects 145 Feet of 2.37% Copper and 0.683 g/t Gold
Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") announces further drill results at the 100% owned Pumpkin Hollow Property located in Nevada. Drill results reported here represent results from Nevada Copper's current drill program which has recently been increased to 45,000 meters (148,000 ft). To date, results from 56 of an estimated 83 drill holes to be drilled have been reported.
The E2 Deposit contains an upper and lower mineralized zone. NC10-47 was drilled as an infill hole to determine if the zones connect. The results are very positive with NC10-47 demonstrating that the high grade mineralization is continuous between the upper and lower zones. NC10-47 intersected 44.2 meters (145.0 ft), 22.1 meters true thickness averaging 2.37% copper, 0.683 g/t gold, and 11.7 g/t silver.
Three holes were drilled in the South Deposit. NC10-45 focused on upgrading resource classifications and confirming continuity of mineralization. NC10-45 intersected multiple zones of mineralization with the largest intersecting, 56.4 meters (185.0 ft), 43.2 meters true thickness averaging 1.14% copper. NC10-40 and NC10-43 targeted the mineralization along the edge of the deposit.
Drill holes NC10-42 and NC10-44 were drilled to determine the continuity in the East Deposit where the higher grade mineralization narrows. Both holes confirmed the thickness and continuity of these zones with the nearby adjacent holes.
Cross sections and plan maps will be made available on www.nevadacopper.com.
E2 DEPOSIT - Assays greater than 1% Cu
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Drill From To Length Length Length Copper Gold Silver Fe
Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-47 486.2 530.4 44.2 145.0 22.1 2.37 0.683 11.7 25.0
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554.7 565.4 10.7 35.0 5.4 1.08 0.244 1.6 14.8
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EAST DEPOSIT - Assays greater than 1% Cu
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Drill Hole # From To Length Length Copper Gold Silver Iron
(m) (m) (m) (ft) (%) (g/t) (g/t) (%)
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NC10-42 448.1 451.4 3.3 11.0 1.34 0.111 2.3 12.9
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466.5 483.1 16.6 54.5 2.94 0.530 6.5 35.7
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534.9 538.9 4.0 13.0 1.05 0.139 5.8 19.4
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NC10-44 481.3 487.7 6.4 21.0 3.08 0.466 8.4 19.3
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SOUTH DEPOSIT - Assays greater than 0.3% Cu
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True
Drill Hole # From To Length Length Length Copper Gold Silver
(m) (m) (m) (ft) (m) (%) (g/t) (g/t) Iron
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NC10-40 259.1 278.9 19.8 65.0 15.2 0.45 0.050 0.8 8.3
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NC10-43 177.0 195.1 18.0 59.0 13.8 0.46 0.102 3.6 17.9
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207.4 216.5 9.1 30.0 7.0 0.49 0.093 3.9 3.0
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NC10-45 264.0 270.5 6.5 21.5 5.0 2.01 0.224 4.0 14.2
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283.4 339.8 56.4 185.0 43.2 1.14 0.191 3.9 25.3
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379.7 387.1 7.4 24.3 5.7 0.71 0.067 1.9 15.1
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469.4 474.3 4.9 16.0 3.8 0.41 0.132 2.7 19.1
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495.3 502.9 7.6 25.0 5.8 0.52 0.102 3.4 19.7
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About Nevada Copper
Nevada Copper has 53.1 million shares outstanding with Cdn. $25 million in cash and is well funded to completion of the Definitive Feasibility Study scheduled for release in early 2011.
Nevada Copper is an emerging copper company, responsibly developing its advanced stage Pumpkin Hollow copper-gold-silver-iron property into Nevada's next copper mine. Concurrent with a resource delineation drilling program, metallurgical, geotechnical, hydrological, and environmental baseline data are being collected and processed for inclusion in a Pre-Feasibility Study currently in progress.
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
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 Nevada Copper 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. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper'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 This email address is being protected from spambots. You need JavaScript enabled to view it. Nevada Copper Corp. Giulio T. Bonifacio President & CEO 604-699-0023 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
