Nevada Copper Intersects 415 Feet of 1.84% Copper
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/12/11 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') is pleased to announce positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. Drill-hole NC11-GT01 reported below represents assay results from the geotechnical drilling program. One drill rig is currently completing the geotechnical drilling program for purposes of the Definitive Feasibility Study scheduled for completion by June 30, 2011. Upon completion of the geotechnical drilling program, this drill rig will join two drill rigs that are currently drilling the 20,000 meter resource step-out and expansion drilling program that will test several areas of open mineralization and prospective targets. (Reference is made to the Company's November 25, 2010 News Release and drill target map: http://media3.marketwire.com/docs/ncu411c.pdf)
Drill Hole NC11-GT01 was drilled oblique to dip in order to collect geotechnical data along the lower portions of the E2 deposit. This drill hole was also successful in confirming the continuity of high grade mineralization intersecting 415 feet (126.5 meters), 149.9 feet (43.2 meters) true thickness averaging 1.84% copper, 0.28 grams gold and 8.3 grams silver. The interval included a higher grade zone averaging 230.0 feet (70.1 meters), 78.7 feet (24.0 meters) true thickness averaging 2.89% copper, 0.34 grams gold and 10.5 grams silver.
Gregory French, Vice President, Senior Project Manager, CPG, M.Sc., commented, 'In addition to collecting geotechnical data within the underground development areas of the E2 Deposit we are very pleased that NC11-GT01 continues to expand the plus 2% copper zones. Expanding higher grade mineralization in the lower portions of the deposit will have a positive effect on future development designs. Our 2011 drilling program totaling 20,000 meters is focused on resource step-out and expansion drilling and will follow up newly-discovered mineralization from our 2010 resource definition drilling program and recent geotechnical drilling.'
A cross section is available at http://www.nevadacopper.com/i/pdf/E2_Section_April.pdf.
E2 DEPOSIT - Assays greater than 1.0% 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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NC11-GT01 580.6 650.7 70.1 230.0 24.0 2.89 0.34 10.5 18.4
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(-80 degrees
Oblique) 658.4 666.0 7.6 25.0 2.6 1.02 0.20 5.0 15.9
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690.4 704.1 13.7 45.0 4.7 1.19 0.30 5.0 13.9
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726.6 733.0 6.4 21.0 2.2 1.34 0.07 4.0 5.8
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579.1 705.6 126.5 415.0 43.2 1.84 0.28 8.3 15.2
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About Nevada Copper
Nevada Copper has 59 million shares outstanding and is well funded with no debt and approximately $23.5 million in cash. Nevada Copper is scheduled to release results from its Definitive Feasibility Study by June 30, 2011 in addition to ongoing drilling results from its resource step-out and expansion drilling program.
Qualified Person
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 harbour.
Contacts:
Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
604-699-0023
gtbonifacio@nevadacopper.com
Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
604-683-8266 or Toll Free: 1-877-648-8266
etoffolo@nevadacopper.com
www.nevadacopper.com