Nevada Copper owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada.
Pumpkin Hollow is a large advanced stage copper property and as at January 2012 contains:
Proven and Probable Mineral Reserves of 4.29 billion pounds of copper; 952,000 ounces of gold and 27.3 million ounces of silver based on drill data to October 2010;
Measured and Indicated Resources in the Western Open Pit Deposits totalling 3.8 billion pounds of copper, 892,000 ounces of gold, 23.8 million ounces of silver, plus additional Inferred Resources of 1.8 billion pounds of copper, 242,000 ounces of gold and 9.3 million ounces of silver (all using a 0.2% copper cutoff grade);
Measured and Indicated Resources in the Eastern Underground Deposits totalling 1.5 billion pounds of copper, 449,000 ounces of gold, 10.8 million ounces of silver plus additional Inferred Resources of 268 million pounds of copper, 24,000 ounces of gold and 792,000 ounces of silver (all using a 0.75% copper cutoff grade);
111 million tons of contained iron in 341 million tons at an average grade of 33% iron at a 20% iron cutoff in the Measured and Indicated Category.
A positive Feasibility Study on Pumpkin Hollow was announced in January 2012. The Feasibility Study confirms the technical and financial viability of constructing and operating a 67,500 ton-per-day copper mining and processing operation at Pumpkin Hollow. Highlights of the Feasibility Study are as follows:
Production Start: Q2 2015 with successful acquisition of BLM administered Federal land by the City of Yerington ("Land Transfer").
Average Annual Copper Production (Year 1 to 5) - 274 million pounds.
Year 1 to 5 cash costs - $1.28 per pound/copper, net of gold and silver.
NPV @ 8% - US$1.26 billion.
Year 1 to 5: Average Annual Operating Cash Flow - $450 Million (Base Case)
Apr 19, 2012 News Releases Nevada Copper Provides an Update on House Subcommitee Hearing on Yerington Land Bill (more...)
Apr 10, 2012 News Releases Mineralization Continues To Expand In The North Deposit; Land Acquisition Bill Progress Update (more...)
Mar 31, 2012 Financial Statements 3rd Quarter Report for the period ended March 31, 2012 (more...)
For further information call:
Eugene Toffolo
Corporate Development
Phone: 604.683.8266
Toll Free (North America): 1-877-648-8266
Susan L. Bertling
Corporate Communications
Phone: 604-688-7508
Cautionary Note
Certain statements contained in this website constitute forward-looking statements. All statements other than statements of historical facts, including the likelihood of commercial mining, timing and scale of production, securing a strategic partner, expanding the mineral resources and reserves, exploration results, estimates of resources and mineralization and planned exploration activities, possible future financings and future plans and objectives of Nevada Copper Corp (the "Company") are forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results of the Company to be materially different from achievements expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the Company's plans at the Pumpkin Hollow Project; the timing of granting of key permits; from the definitive Feasibility Study: the estimated metal production and the timing thereof, capital and operating costs, future metal prices, cash flow estimates and economic indicators derived from the foregoing. Investors are cautioned not to place undue reliance on these forward-looking statements.
This website describes "Measured", "Indicated" and/or "Inferred" Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. "Inferred Resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of any inferred resource will ever be upgraded to a higher category. Exploration is an inherently risky proposition and investors are advised that most exploration projects fail to identify economic resources.
The mineral resource and mineral reserve estimates were prepared by Tetra Tech, Inc., an independent Qualified Person as set forth under Canadian National Instrument 43-101 ("NI 43-101"). All mineral reserve and resource information has been prepared and filed in accordance with NI 43-101. Mineral resources that are not mineral reserves have not demonstrated economic viability.
The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a non-independent Qualified Person as defined in NI 43-101, who is responsible for the review of all scientific and technical information contained on this website.
