Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp > NCU >>> soak up 520 pages of NI 43-101 from 2019 >>>

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Comment by Notgnuon Aug 18, 2021 9:01pm

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RE:RE:NCU >>> soak up 520 pages of NI 43-101 from 2019 >>>

In my opinion the water bearing dike was no surprise and it is not anything remotely akin to having an underground lake (aquifer : https://en.wikipedia.org/wiki/Aquifer) above the copper bearing zone.

The equipment and techniques needed to safely and securely seal up the water ingress that the company already knew about obviously has posed some challenges but these are just mine start up issues which, in this particular case, are unfortunate in terms of slowing down time to bring copper ore to the surface.

It is clear from the news release that other investments, that otherwise would have been done later, were taken on while the dike work was ongoing. Those investments include driving a new lateral 90 feet below the current one. This all costs money but it seems it was the logical choice given the 'road block' between the ore zone and the underground crusher / lift area.

N