Nevada Copper Intersects Over 1,258 Feet of 0.58% Copper in Four Separate Zones Including 95 Feet of 1.51% Copper
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/10 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') announces positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The following drilling results are from the open pittable North Deposit. To date, results from 68 of an estimated 83 drill holes to be drilled have been reported.
NC10-62 was drilled to follow up the recently discovered mineralization in NC10-31 and NC10-52 located in the southwestern portion of the open pittable North Deposit. NC10-62 intersected 1,258.5 feet (383.6 meters) of 0.58% copper in four separate zones. The largest of the zones intersected 751.5 feet (229.1 meters) averaging 0.59% copper. This zone included a higher grade interval of 95 feet (28.9 meters) averaging 1.51% copper. The mineralization remains open and follow up drilling is currently in progress.
Drilling along the northern edge of the North Deposit also continues to produce positive results. Holes NC10-59 and NC10-60 have expanded the mineralization and confirmed continuity. NC10-59 intersected 110 feet (33.5 meters) 21.5 meters true thickness averaging 1.96% copper. The mineralization remains open in the north central and northeastern portions of the North Deposit. NC10-51 drilled as a step-out has defined the western edge of the deposit.
'We are extremely pleased with the success of the drilling program in the North Deposit. The expansion of mineralization will have a positive impact on both the resource and project economics. Follow up drilling has commenced in order to determine the extent of this recently discovered mineralization which remains open,' commented Gregory French, Vice President, Senior Project Manager of Nevada Copper.
Plan maps with recent drill locations and a cross section are available at: http://media3.marketwire.com/docs/ncu_1.pdf.
NORTH DEPOSIT - Assays greater than 0.3% Cu
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True
From To Length Length Length Copper Gold Silver Mo
Drill Hole# (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-51 344.4 349.0 4.6 15.0 4.4 0.36 0.154 1.2 0.008
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481.6 486.2 4.6 15.0 4.4 1.24 0.087 4.5 0.016
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510.5 518.1 7.6 25.0 7.3 0.44 0.013 1.4 0.017
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528.8 537.9 9.1 30.0 8.8 0.75 0.133 3.0 0.017
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NC10-59 131.1 135.6 4.5 15.0 2.9 0.97 0.026 5.0 0.001
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157.0 190.5 33.5 110.0 21.5 1.96 0.160 1.9 0.005
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202.7 207.3 4.6 15.0 3.0 1.36 0.024 2.8 0.001
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225.6 233.2 7.6 25.0 4.9 1.38 0.032 1.1 0.002
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NC10-60 67.0 73.1 6.1 20.0 3.9 1.02 0.015 2.2 0.002
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111.0 117.2 6.2 20.5 4.0 0.40 0.076 1.8 less
than
0.001
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153.9 168.4 14.5 47.5 9.3 0.59 0.053 3.5 0.028
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297.9 301.4 3.5 11.5 2.3 0.95 0.181 3.8 0.012
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NC10-62 139.6 195.1 55.5 182.0 55.5 0.59 0.061 2.3 0.012
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210.3 439.4 229.1 751.5 229.1 0.59 0.069 2.4 0.011
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(inc) 225.6 254.5 28.9 95.0 28.9 1.51 0.135 3.7 0.012
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474.0 542.5 68.5 225.0 68.5 0.55 0.041 1.3 0.008
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566.9 597.4 30.5 100.0 30.5 0.53 0.053 1.1 0.005
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About Nevada Copper
Nevada Copper has 54 million shares outstanding and is well funded to completion of the current drilling program, Pre-Feasibility and the Definitive Feasibility Study scheduled for release in 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 which is currently in progress and scheduled for completion in the fourth quarter.
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
etoffolo@nevadacopper.com
Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
604-699-0023
www.nevadacopper.com