Nevada Copper Corp NEVDQ

Drilling to commence on "flagship Yerington Copper Project,"

[bogfit]

Yerington, Nevada and Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) ("Lion CG", the "Company") is pleased to announce the commencement of the Stage 2b and Stage 3 Advance Programs of Work in accordance with the agreement between the Company and Nuton LLC ("Nuton"), a wholly-owned subsidiary of Rio Tinto (see news releases dated March 21, 2022 and October 20, 2023). Total funding of US$11,500,000 will advance the flagship Yerington Copper Project through completion of a Pre-Feasibility Study ("PFS") and progress permitting and Bear exploration initiatives.
 
"We are thrilled to commence this fully-funded next phase of advancement at our flagship Yerington Copper Project," states Travis Naugle, Co-Chairman & CEO of Lion CG. "The Pre-Feasibility Study will systematically derisk key parameters as we hone in on optimal economics using Nuton technologies, while we continue advancing project permitting and Bear exploration initiatives in parallel. Together with Nuton, this sets the stage for the Company to emerge in a clear leadership position among U.S. copper development plays."
 
Key components of the fully-funded Stage 2b Program of Work include:
 
Drilling: PFS Program - Phase 1
 
Yerington Pit - approximately 3,000 ft of core drilling
 
Seeking to upgrade the mineral resource along the margin of, and beneath, the Yerington Pit
 
Pit slope stability evaluation
 
Sulfide metallurgical testing
 
Geochemical characterization
 
MacArthur - approximately 4,900 ft of rotary drilling
 
Seeking to upgrade the mineral resource within the MacArthur mineral resource domain as represented in the Preliminary Economic Assessment (see news release dated January 30, 2024)
 
Drilling: PFS Program - Phase 2
 
Resource upgrade - barge-mounted drilling within the Yerington Pit
 
Resource upgrade - W-3 and VLT legacy materials
 
Condemnation drilling
 
Yerington Copper Project Pre-Feasibility Study
 
Ongoing heap leach metallurgical optimization and testing
 
Trade-off analyses: Yerington Pit dewatering, materials movement and logistics, site infrastructure
 
Permitting, water rights, stakeholder engagement
 
Additionally, a US$1,500,000 Stage 3 Advance will fund continued exploration at the Bear deposit (see news release dated October 27, 2023) - an opportunity not included in the Yerington Copper Project Preliminary Economic Assessment (see news release dated January 30, 2024).
 
Drilling operations are now underway by Alford Drilling LLC of Elko, Nevada on priority targets in the Yerington Pit, at MacArthur and at Bear.

Lion Copper and Gold Announces Commencement of the Yerington Copper Project Pre-Feasibility Study and Drilling Operations (yahoo.com)

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[retired48]

Great but how does this benefit NCU  ? And if it doesn't why is it on this platform  ? Yes I know it's a free platform and anything going but I, yes me , would like to read about NCU on here . Even if it's from  Patch   who is hard to read but worthwhile  in my opinion     Thanks 

[patchh]

Troll. W vpn....   can't post ncu here.....    

[retired48]

patch   What is your take on Yerington Copper Project  ? Or any one else's  .  Thanks

[bogfit]

Don't be ridiculous.  The prospect of a district wide consolidation has repeadly been referenced by others on this board for several years.  If you are not interested in the districts development then please just ignore the post.  Simple isn't, JUST IGNORE THE POST!!!   Many of us believe that the Yerington mining district will eventually be consolidated and controlled

[nofluff]

Hey 48.  I would suggest that you put those on ignore that irritate u and let others decide for themselves. I for one think deposits right next to ph are important to know happenings. The tech being used at yerrington could benefit ncu greatly. Glad to see movement. I wait for ph update with anticipation of just the start of added value. Nf

[retired48]

Yes I agree.  I was just trying to get more information on NCU and I guess that was not a good way of doing it  . It's just so disappointing that this company had such a great future years ago when I invested here. It seems the only mining that went on was the shareholders pockets so far. No looking forward to the next 10 for 1 dilution 

[nofluff]

You r quite negative 48. I am looking forward to ph future. Roll back will b fine with me. Nf

[Potadvisor1]

Hey PLENTY of fluff LOL, Why don't you tell these people here the TRUTH, that in over 95% of cases when a stock does a consolidation, the SHARE PRICE usually starts drifting lower and actually comes back to PRE consolidation prices. Now THOSE ARE THE FACTS. If they do it soon, than on a 1 for 10 the shares would go to .65 to .70 cents and my bet is that in LESS than 6 months, they would be at

[newinvestoor]

I can't imagine that fluff is for real.(real investor) 

[nofluff]

I would fine your reasons for lack of imagination interesting new. Nf

[metalhead666]

No fluff wun a spelin be in tird grad....dinnt grajuate thow....