Nevada Copper Corp.: North Deposit Drilling Intersects Multiple Zones of Mineralization Totaling 368.0 Feet at 0.92% Copper
17 Junio 2013 - 7:00AM
Marketwired
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 the last four (4)
drill holes of the 2013 follow-up drill program are described
below.
The results represent drilling along the southern and western
edge of the North deposit and are located along or just outside the
current feasibility study open pit limits. The drilling was not
included in the resource update released in September 2012.
NC13-05 was drilled on the western boundary of the North deposit
where mineralization is open. The hole intersected multiple zones
of mineralization totaling 368.0 feet (112.2 meters) averaging
0.92% copper. The largest mineralized zone in NC13-05 intersected
125 feet (13.7 meters), true thickness averaging 1.45% copper. Many
of the older holes along the western edge of the deposit were lower
grade and due to the shallow depths did not test the stacked
mineralized zones discovered by Nevada Copper drilling.
NC13-09 was drilled along southern edge of the open pittable
North deposit. Mineralization is spread over a large portion of the
hole. The multiple zones totaled 604.0 feet (184.1 meters)
averaging 0.48% copper. The shallowest zone intersected 55 feet
(16.8 meters), 51.5 feet (15.7 meters) true thickness averaging
0.43% copper. The thickest high-grade zone in NC13-05 intersected
45 feet (13.7 meters), 43.2 feet (13.2 meters) true thickness
averaging 1.45% copper, 0.209 gram gold, and 7.17 gram silver.
Evaluation of the recent drill results is currently in progress.
It is expected that additional drilling will be proposed to
follow-up the open mineralization along the western and southern
boundaries of the deposit.
Gregory French, Vice President, Senior Project Manager,
commented, "The recent drilling along the edges of the North
deposit has been successful in expanding mineralization. NC13-05
expanded the North deposit mineralization further to the West and
was significantly higher grade than the adjacent holes. NC13-09
with its multiple zones of mineralization, including high grade
intervals, reinforces the strength of the mineralizing system,
especially between the North and South deposit. The mineralization
is far from closed off and we are updating the geologic model and
will be evaluating the next drill phase."
NORTH DEPOSIT - Assays greater than 0.15% Cu
---------------------------------------------------------------------------
True
Drill From To Length Length Length Copper Gold Silver Mo
Hole # (m) (m) (m) (ft) (ft) % (g/t) (g/t) %
---------------------------------------------------------------------------
NC13-05 241.1 279.2 38.1 125.0 38.1 1.45 0.082 2.1 0.004
---------------------------------------------------------------------------
315.8 333.2 17.4 57.0 17.4 0.39 0.011 0.80 0.011
---------------------------------------------------------------------------
369.6 376.3 6.7 22.0 6.7 0.81 0.038 1.81 0.020
---------------------------------------------------------------------------
411.6 429.0 17.4 57.0 17.4 0.62 0.019 2.03 0.010
---------------------------------------------------------------------------
563.6 596.2 32.6 107.0 32.6 0.77 0.049 2.23 0.005
---------------------------------------------------------------------------
NC13-07 519.7 532.2 12.5 41.0 11.3 0.25 0.023 1.24 less
than
0.001
---------------------------------------------------------------------------
NC13-08 236.5 243.8 7.3 24.0 6.62 0.33 0.007 0.72 less
than
0.001
---------------------------------------------------------------------------
299.6 318.0 18.4 60.5 16.7 0.19 0.016 0.44 0.006
---------------------------------------------------------------------------
495.1 502.9 7.8 25.5 7.1 0.15 0.016 0.66 less
than
0.001
---------------------------------------------------------------------------
NC13-09 146.3 163.1 16.8 55.0 15.7 0.43 0.014 1.1 less
than
0.001
---------------------------------------------------------------------------
170.7 183.2 12.5 41.0 11.7 0.38 0.013 1.16 0.006
---------------------------------------------------------------------------
190.2 196.4 6.2 20.5 5.8 0.34 0.019 1.36 0.009
---------------------------------------------------------------------------
216.7 239.1 22.4 73.5 21.0 0.20 0.004 0.71 0.008
---------------------------------------------------------------------------
364.5 370.6 6.1 20.0 5.7 0.16 0.007 0.60 less
than
0.001
---------------------------------------------------------------------------
402.6 448.2 45.6 149.5 44.0 0.40 0.064 1.73 less
than
0.001
---------------------------------------------------------------------------
472.4 480.3 7.9 26.0 7.6 2.15 0.206 8.25 less
than
0.001
---------------------------------------------------------------------------
493.8 507.5 13.7 45.0 13.2 1.55 0.209 7.17 less
than
0.001
---------------------------------------------------------------------------
520.9 527.8 6.9 22.5 6.6 0.19 0.035 1.05 less
than
0.001
---------------------------------------------------------------------------
549.7 556.7 7.0 23.0 6.7 0.64 0.136 3.18 less
than
0.001
---------------------------------------------------------------------------
708.4 747.4 39.0 128.0 37.7 0.18 0.028 0.81 less
than
0.001
---------------------------------------------------------------------------
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 plan map with the respective drill locations is available at
http://www.nevadacopper.com/i/maps/PR-Map-20130612.jpg.
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 Harbor.
Contacts: Nevada Copper Corp. Eugene Toffolo VP, Investor
Relations & Communications 604-683-8266 or Toll free:
1-877-648-8266etoffolo@nevadacopper.com Nevada Copper Corp. Robert
McKnight, P.Eng., MBA Executive Vice President & CFO
604-683-1309bmcknight@nevadacopper.com www.nevadacopper.com
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