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The Corporation owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada.
Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totaling 4 Billion pounds of Copper plus additional Inferred Resources of 3.9 Billion pounds of Copper (all using a 0.2% copper cutoff grade). This 7.9 Billion pound copper resource and associated 144 million ton iron, 1.3 million ounces of gold and 57 million ounces of silver was estimated effective October, 2007. Contained within the larger resource is a high grade core of 116 million tons grading 1.4 % Copper at a 0.75% cutoff containing 3 Billion pounds of Copper. Ongoing drilling has yet to define the limits of this world class Copper-Iron-Gold-Silver deposit
Robust Preliminary Economic Assessment (PEA) results were announced on March, 17, 2008, demonstrating that at a $1.75 long term copper price, the Pumpkin Hollow Copper Project has a $US 784 Million NPV at an 8% discount, with an IRR of 24%. At a $3.00 copper price the project’s discounted NPV increases to $US 1.9 Billion. The NI43-101 compliant technical report highlighted several additional areas that have the potential to further improve the already solid economic base. The detailed PEA can be accessed at http://www.nevadacopper.com/i/pdf/PEA-March2008.pdf
An updated resource estimate to incorporate over 26,000 meters of drilling and 16,000 meters of historic core that was assayed for gold, silver and molybdenum is scheduled for completion by the first quarter of 2009.
With a 26,600 meter drilling program completed in 2008 and an updated resource estimate scheduled for release the 2nd quarter of 2009, the Company intends to aggressively move the property forward through feasibility, and is confident that, the Pumpkin Hollow Copper property will soon host Nevada's Next Copper Mine.
Jun 26, 2009
News Releases
Nevada Copper Announces US$2,000,000 Convertible Debenture (more...) | Apr 28, 2009
News Releases
Nevada Copper - Drills High Grade: 42 Meters (136 Ft) @ 3.2% Copper, 1 g/t Gold In The E-2 Deposit And 38 Meters (125 Ft) @ 3... (more...) | Apr 27, 2009
Media Coverage
Strong Pumpkin Hollow drill results for Nevada Copper (more...) |
For further information call:
Attention: Eugene Toffolo
Phone: 604.683.8266
Toll Free (North American): 1-877-648-8266
Susan L. Bertling
Corporate Communications
Phone: 604.688.7508
info@nevadacopper.com
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Nevada Copper Corp.
| TSX:NCU |
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| $0.85 |
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03-Jul-09
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