News Release ...Nevada Copper Announces Further High Grade Drill Results of 78.5 Feet of 3.17% Copper
12/2/2010 8:02:01 AM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Dec 02, 2010 (MARKETWIRE via COMTEX News Network) --
NevadaCopper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announcefurther positive drill results at the 100% owned Pumpkin Hollow Propertylocated in Nevada. The holes reported below represent the latestresults from the geotechnical and North Deposit resource drillingprograms. Once the geotechnical drilling is completed the drilling willtransition into the recently announced 20,000 meter resource step-outand expansion drilling program.
Assay results from fivegeotechnical holes have been received; one from the South Deposit, onein the East Deposit, and three in the Decline area. NC10-GT-01 wasdrilled to collect geotechnical data within the East Deposit. The holeconfirmed mineral continuity intersecting 78.5 feet (23.9 meters)averaging 3.17% copper and 0.228 grams of gold.
The geotechnicaldrilling east of the East Deposit focused on collecting data forengineering the proposed decline to the East and E2 zones. The majorityof the drilling was non-mineralized rock above the host units, includingNC10GT-02 and NC10GT-04. Hole NC10GT-01 was drilled deeper to collectadditional data within development areas. The hole intersected low grademineralization (less than 1% Cu) in the same host as the East Deposit.The hole was drilled 150 meters east of NC10-49 which intersected 35feet (10.7 meters) averaging 3.0% copper. This area has been targetedfor drilling in the 2011 drill program.
In addition to collectinggeotechnical data in the open-pittable South Deposit, NC10GT-05 wassuccessful in expanding several deeper mineralized zones to thesoutheast. The hole intersected multiple zones of mineralization withthe largest averaging 0.76% copper over 299.1 feet (91.2 meters), 259.2feet (79.0 meters) true thickness. This intercept is approximately 70meters southeast of L-102 (216 feet averaging 0.53% Cu).
NC10-74completed in the open-pittable North Deposit focused on expanding therecently discovered deep mineralization. While NC10-74 was successful inintersecting several of the lower zones the hole was terminated justabove the lowest zones due to hole conditions. The best zone intersected107.5 feet (32.8 meters), 106.0 feet (32.3 meters) true thickness,averaging 1.26% copper. The last interval in the hole just tagged thetop of the lower zones with the last sample interval intersecting 0.86%copper. Continued expansion of the lower zones is planned in the 2011drill program.
"The mineral resource and geotechnical drillingcontinue to produce positive results at the Pumpkin Hollow Project. Itis apparent that the limits of mineralization continue to expand. Thefocus of our 2011 drill program will continue to follow up on this openmineralization as well as test additional targets," commented GregoryFrench, Vice President, Senior Project Manager of Nevada Copper.
Plan maps with recent drill locations will be made available at www.nevadacopper.com.
EAST DEPOSIT and DECLINE AREA
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Drill Hole From To Length Length Copper Gold Silver Fe
# (m) (m) (m) (ft) (%) (g/t) (g/t) (%)
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NC10GT-01 458.1 461.4 3.3 10.9 1.33 0.267 2.9 23.9
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465.3 467.9 2.6 8.6 1.66 0.241 6.4 17.2
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520.3 544.2 23.9 78.5 3.17 0.228 7.2 7.5
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NC10GT-02 NA-Decline Zone
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NC10GT-03 570.3 577.3 7.0 23.0 0.74 0.048 1.2 2.5
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Decline Zone
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NC10GT-04 NA-Decline Zone
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(i) All thicknesses are true width.
SOUTH DEPOSIT
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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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NC10-GT-5 138.5 147.7 9.2 30.1 8.0 0.23 0.050 1.6 4.9
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(-80 degrees) 253.6 268.2 14.6 48.0 12.6 0.20 0.007 1.1 9.4
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296.3 302.4 6.1 20.0 5.3 0.31 0.021 1.5 9.5
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314.5 337.5 23.0 75.4 19.9 0.52 0.114 3.3 11.6
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349.7 440.9 91.2 299.1 79.0 0.76 0.146 3.4 16.3
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457.5 465.4 7.9 25.9 6.8 0.47 0.065 0.8 12.2
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NORTH DEPOSIT
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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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NC10-74 190.6 211.8 21.2 69.5 21.1 0.80 0.079 2.7 0.009
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221.0 256.3 35.3 116.0 34.8 0.54 0.055 1.5 0.008
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273.7 306.5 32.8 107.5 32.3 1.26 0.082 3.1 0.005
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391.7 406.3 14.6 48.0 12.0 0.96 0.091 4.3 0.018
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424.7 436.3 11.6 38.0 9.5 0.73 0.087 3.0 0.007
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Lost hole 478.5 480.0 1.5 5.0 1.2 0.86 0.074 3.3 0.012
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About Nevada Copper
NevadaCopper has 56.5 million shares outstanding and is well funded withapproximately $27 million in cash to complete the current and proposeddrilling programs as well as the Definitive Feasibility Study scheduledfor release in June of 2011.
The Pumpkin Hollow drilling programis under the supervision of Gregory French, CPG #10708, and a QualifiedPerson as defined in Canadian National Instrument 43-101, who isresponsible for the preparation of the technical information in thisnews release. All assaying and whole rock geochemistry is processed atthe American Assay Laboratories (AAL) in Reno, Nevada. Samples aredelivered from the project core logging facility to AAL by Nevada Copperor AAL personnel. A Quality Assurance and Quality Control AssayProtocol have been implemented whereby blanks and standards are insertedinto the assay stream and check samples are sent to Chemex-Reno andInspectorate-Reno laboratories.
For additional information about Nevada Copper please visit our website at www.nevadacopper.com.
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
Thisnews release includes certain statements that may be deemed"forward-looking statements". All statements in this release, other thanstatements of historical facts, including the likelihood of commercialmining and possible future financings are forward-looking statements.Although Nevada Copper believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in the forward-lookingstatements. Factors that could cause actual results to differ materiallyfrom those in forward-looking statements include unsuccessfulexploration results, changes in metals prices, changes in theavailability of funding for mineral exploration, unanticipated changesin key management personnel and general economic conditions. Mining isan inherently risky business. Accordingly the actual events may differmaterially from those projected in the forward-looking statements.Mineral resources that are not mineral reserves do not have demonstratedeconomic viability. For more information on Nevada Copper and the risksand challenges of its business, investors should review Nevada Copper'sannual filings that are available at www.sedar.com.
Contacts:Nevada Copper Corp. Eugene Toffolo Corporate Communications 604-683-8266or Toll Free: 1-877-648-8266 etoffolo@nevadacopper.comwww.nevadacopper.com
SOURCE: Nevada Copper Corp.
mailto:etoffolo@nevadacopper.com https://www.nevadacopper.com
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