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The Corporation owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada. For an overview of the company click here for a recent interview with the CEO and Al Korelin.
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 765 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
With a 2008, 40,000 meter drilling program currently underway, the Company intends to aggressively move the property forward through feasibility, and is confident that at current metals prices, the Pumpkin Hollow Copper property will soon host Nevada's Next Copper Mine.
Jun 18, 2008
News Releases
Nevada Copper Expands East and North Deposits (more...) | Jun 13, 2008
Media Coverage
Mason Valley News (more...) | May 22, 2008
News Releases
Paul Matysek Joins Nevada Copper's Board of Directors (more...) |
For further information call:
Attention: Eugene Toffolo
Phone: 604.681.5755
Toll free number: 877-687-5755
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Susan L. Wilson
Corporate Communications
Phone: 604.688.7508
info@nevadacopper.com
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Nevada Copper Corp.
| TSX:NCU |
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03-Jul-08
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TSX: NCU
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