Pumpkin Hollow..
Press Release Source: Nevada Copper Corp.
Nevada Copper Corp.: Confirms Continuation of High Grade Copper Zone on East Deposit
Friday June 22, 8:45 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 22, 2007 -- Nevada Copper Corp. (CDNX:NCU.V - News)(Frankfurt:ZYT.F - News) ("Nevada Copper") is pleased to announce the results of a step-out hole drilled 60 meters (200 ft) to the northeast of the high-grade East deposit at its 100% owned Pumpkin Hollow Copper Property located in Nevada. Hole NC07-21 confirms the northeast continuation of a relatively flat high grade copper zone that now exceeds 245 meters (800 ft) in length, 60 meters (200 ft) to 215 meters (700 ft) wide, with a combined thicknesses of 20 meters (70 ft) to 40 meters (130 ft). Within this large zone, copper grades average over 3.0%. This high grade zone in the East deposit remains open to the north.
ADVERTISEMENT
NC07-21 encountered multiple high grade copper-gold zones. The two largest zones include 27 meters (88 ft) averaging 2.76% copper, 0.37 g/t gold, 8.8 g/t silver and 17 meters (56 ft) averaging 4.34% copper, 0.42 g/t gold, 11.3 g/t silver. NC07-21 was designed to offset the mineralization in NC07-05 (12.3 meters averaging 4.1% copper; 17.6 meters of 3.4% copper and 3.2 meters of 5% copper). Also drilled in the East Deposit was NC07-10 which bounded mineralization along the Eastern edge of the deposit.
Results from NC07-21 and previously announced drilling results in the East zone are expected to significantly expand the copper resource. Additional drilling is planned to further test the open extent of this high grade copper zone.
In the open pittable North Deposit, drill hole NC07-13 was designed to infill an area where drilling was wide spaced. NC07-13 successfully encountered several large zones of open pit grade mineralization, establishing good continuity. The largest mineralized zone intersected in NC07-13 was 62.5 meters (205 ft) averaging 0.43% copper, 0.079 g/t gold and 2.1 g/t silver.
A plan map and cross sections for the deposits are available on the homepage at www.nevadacopper.com. Drill results announced here represent true thicknesses.
EAST DEPOSIT - Assays greater than 1% Cu
---------------------------------------------------------------------------
Drill From To Length Length Copper Gold Silver Iron
Hole # (m) (m) (m) (ft) (%) (g/t) (g/t) (%)
---------------------------------------------------------------------------
NC07-21 452.6 458.7 6.1 20.0 2.10 0.422 4.6 38.2
---------------------------------------------------------------------------
468.5 469.1 0.6 2.0 2.03 0.368 5.2 16.1
---------------------------------------------------------------------------
478.8 483.4 4.6 15.0 2.24 0.538 6.1 32.1
---------------------------------------------------------------------------
494.1 495.3 1.2 4.0 1.17 0.039 1.9 3.5
---------------------------------------------------------------------------
498.0 499.6 1.6 5.0 1.96 0.295 4.4 4.8
---------------------------------------------------------------------------
503.0 506.0 3.0 10 1.99 0.908 6.1 5.3
---------------------------------------------------------------------------
516.5 543.2 26.7 87.5 2.76 0.365 8.8 8.3
---------------------------------------------------------------------------
547.1 564.2 17.1 56 4.34 0.424 11.3 6.8
---------------------------------------------------------------------------
571.0 573.5 2.5 8 4.59 0.221 42.2 8.3
---------------------------------------------------------------------------
NC07-10 498.5 501.4 2.9 9.5 3.76 0.370 10.4 13.1
---------------------------------------------------------------------------
556.1 557.8 1.7 5.5 1.09 0.152 8.9 29.6
---------------------------------------------------------------------------
NORTH DEPOSIT - Assays greater than 0.3% Cu
--------------------------------------------------------------------
Drill From To Length Length Copper Gold Silver
Hole # (m) (m) (m) (ft) (%) (g/t) (g/t)
--------------------------------------------------------------------
NC07-13 167.8 178.8 11.0 36 0.36 0.028 1.0
--------------------------------------------------------------------
186.1 218.1 32.0 105 0.54 0.056 1.7
--------------------------------------------------------------------
Including 196.3 203.2 6.9 22.8 1.15 0.099 3.5
--------------------------------------------------------------------
233.6 271.3 37.7 123.5 0.53 0.082 1.9
--------------------------------------------------------------------
305.7 368.2 62.5 205 0.43 0.079 2.1
--------------------------------------------------------------------
Including 357.7 359.2 1.5 4.8 1.33 0.129 5.2
--------------------------------------------------------------------
To date, 31 holes have been drilled for a total of 16,000 meters. Of the 31 holes, results from 19 holes have been released to date. Future drilling results will be released as they become available.
Joe Kircher, Chief Operating Officer, commented, "We set out several months ago with a 12,000 meter drilling program designed specifically for purposes of converting a majority of our current inferred copper resource into the measured and indicated category in advance of the feasibility study. We believe our initial program has successfully accomplished this goal. Additionally on the basis of our successful step-out drilling we have increased the drill program to 18,000 meters and we have been extremely pleased with the results and the anticipated resulting positive impact on the property's total resource."
The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, 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.
Nevada Copper has 35.5 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.
ca.us.biz.yahoo.com |
