Nevada Copper Continues to Intersect Multiple Zones Totaling 481 Feet Including 215.5 Feet of 1.47% Copper
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/30/10 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') announces further positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The three holes reported below represent the latest results from the North deposit drilling. The recent new discovery of mineralization in the North deposit has resulted in the expansion of the current drill program to 50,000 meters. Drilling to collect hydrologic and geotechnical data will also continue over the next several months which will allow for drill rig availability for future drilling in view of this discovery.
The three holes completed in the North deposit focused on expanding the recently discovered mineralization. NC10-70 and NC10-71 were successful in intersecting several of the lower zones. NC10-69 however was terminated short due to drill conditions. Continuity was confirmed in the upper zone where NC10-70 intersected 315 feet (96.0 meters) 310 feet (94.5 meters) true thickness averaging 0.98% copper. Several deeper zones were also encountered, the largest intersected 141.5 feet (43.1 meters) 139.3 feet (42.5 meters) true thickness averaging 0.48% copper.
NC10-71 was drilled 90 east of NC10-70. The upper zone in NC10-71 intersected 215.5 feet (65.7 meters) 212.2 feet (64.7 meters) true thickness averaging 1.47% copper. Included within that interval is a higher grade zone of 46.0 feet (14.0 meters) 45.3 feet (13.8 meters) true thickness averaging 3.24 % copper. Like NC10-70 several lower mineralized zones were intersected including 145.0 feet (44.2 meters) 142.7 feet (43.5 meters) true thickness averaging 0.51% copper. The mineralization remains open and follow up drilling is currently in progress.
NORTH DEPOSIT - Assays greater than 0.3% Cu
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True
Drill Hole From Length Length Length Copper Gold Silver Mo
# (m) To (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC10-69 140.2 158.5 18.3 60.0 18.3 0.44 0.057 1.7 0.011
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167.6 172.2 4.6 15.0 4.6 0.65 0.076 2.2 0.004
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181.2 193.5 12.3 40.5 12.3 1.11 0.113 2.9 0.010
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204.2 227.1 22.9 75.0 22.9 0.69 0.006 1.3 0.005
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Hole lost 258.8
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NC10-70 149.2 162.9 13.7 45.0 12.5 0.39 0.065 1.2 0.010
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(-80 172.2 188.2 16.0 52.5 15.8 0.77 0.100 1.6 0.011
degrees)
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208.8 304.8 96.0 315.0 94.5 0.98 0.047 1.1 0.001
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313.9 321.5 7.6 25.0 7.5 0.58 0.138 2.7 0.012
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369.4 376.4 7.0 23.0 6.9 0.39 0.058 1.6 0.002
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409.5 452.6 43.1 141.5 42.5 0.48 0.045 1.5 0.007
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564.9 573.0 8.1 26.5 8.0 0.49 0.055 0.7 0.011
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593.0 603.5 10.5 34.5 10.3 0.76 0.040 1.5 0.005
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NC10-71 265.0 330.7 65.7 215.5 64.7 1.47 0.089 2.4 0.005
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(-80 266.4 280.4 14.0 46.0 13.8 3.24 0.206 4.1 0.004
degrees)
inc.
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345.9 352.0 6.1 20.0 6.0 0.36 0.048 0.7 0.005
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364.4 368.8 4.4 14.5 4.3 0.33 0.032 1.3 0.007
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378.0 422.2 44.2 145.0 43.5 0.51 0.069 2.4 0.060
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432.8 445.0 12.2 40.0 12.0 0.50 65.7 1.3 0.004
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'The drilling continues to expand the mineralization in the North Deposit. We expect the results will have a positive impact on the economics of the project. While the focus of our drilling has shifted to feasibility hydrologic and geotechnical data collection, one drill rig will continue to follow up open mineralization and the new discovery in the North Deposit,' commented Giulio Bonifacio, President & CEO of Nevada Copper.
Plan maps with recent drill locations and a cross section will be made available at www.nevadacopper.com.
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 by December, 2010.
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