VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/17/13 -- 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
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True
Drill From To Length Length Length Copper Gold Silver Mo
Hole # (m) (m) (m) (ft) (ft) % (g/t) (g/t) %
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NC13-05 241.1 279.2 38.1 125.0 38.1 1.45 0.082 2.1 0.004
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315.8 333.2 17.4 57.0 17.4 0.39 0.011 0.80 0.011
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369.6 376.3 6.7 22.0 6.7 0.81 0.038 1.81 0.020
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411.6 429.0 17.4 57.0 17.4 0.62 0.019 2.03 0.010
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563.6 596.2 32.6 107.0 32.6 0.77 0.049 2.23 0.005
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NC13-07 519.7 532.2 12.5 41.0 11.3 0.25 0.023 1.24 less
than
0.001
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NC13-08 236.5 243.8 7.3 24.0 6.62 0.33 0.007 0.72 less
than
0.001
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299.6 318.0 18.4 60.5 16.7 0.19 0.016 0.44 0.006
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495.1 502.9 7.8 25.5 7.1 0.15 0.016 0.66 less
than
0.001
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NC13-09 146.3 163.1 16.8 55.0 15.7 0.43 0.014 1.1 less
than
0.001
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170.7 183.2 12.5 41.0 11.7 0.38 0.013 1.16 0.006
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190.2 196.4 6.2 20.5 5.8 0.34 0.019 1.36 0.009
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216.7 239.1 22.4 73.5 21.0 0.20 0.004 0.71 0.008
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364.5 370.6 6.1 20.0 5.7 0.16 0.007 0.60 less
than
0.001
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402.6 448.2 45.6 149.5 44.0 0.40 0.064 1.73 less
than
0.001
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472.4 480.3 7.9 26.0 7.6 2.15 0.206 8.25 less
than
0.001
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493.8 507.5 13.7 45.0 13.2 1.55 0.209 7.17 less
than
0.001
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520.9 527.8 6.9 22.5 6.6 0.19 0.035 1.05 less
than
0.001
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549.7 556.7 7.0 23.0 6.7 0.64 0.136 3.18 less
than
0.001
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708.4 747.4 39.0 128.0 37.7 0.18 0.028 0.81 less
than
0.001
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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: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
604-683-1309
bmcknight@nevadacopper.com
www.nevadacopper.com
