 | |
| | February 08, 2007
Nevada Copper Graduates To Tier 1 Issuer
|
| | February 8, 2007 -- Nevada Copper Corp. (TSXV: NCU) ("Nevada Copper") is pleased to announce that it has graduated to Tier 1 of the TSX Venture Exchange, effective February 8, 2007.
Nevada Copper is currently drilling the wholly owned Pumpkin Hollow Copper development property in Nevada. The drilling includes in-fill holes designed to upgrade the current resource classifications which are roughly half Measured and Indicated resources and half Inferred resources, as previously disclosed. The drilling is also testing for resource expansion down dip and along strike in areas where the deposits remain open. Results from the current 12,000 meter drilling program will continue to be released as assays become available. Three drills are currently working at the property. Current work programs include the collection of baseline metallurgical, hydrological and geotechnical data to support a feasibility study planned for 2007.
About Nevada Copper
Nevada Copper is a well financed emerging copper company, responsibly developing the Pumpkin Hollow copper-iron property located in Nevada. In June 2006, a National Instrument 43-101 compliant resource estimate for the advanced-stage Pumpkin Hollow property was completed, as previously announced. At a 0.2% copper cutoff grade, the measured and indicated copper resource is 2.7 billion pounds of copper, contained in 312 million tons grading 0.44% copper and 12.3% iron. An additional inferred copper resource of 3.4 billion pounds of copper is contained in 454 million tons grading 0.37% copper and 8.2% iron.
Within these large resources is a very significant high grade copper resource. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 700 million pounds of copper in 25 million tons of material grading 1.45% copper and, in addition, the inferred resource contains 500 million pounds of copper within 17 million tons grading 1.5% copper.
Nevada Copper has 30.5 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.
NEVADA COPPER CORP.
Giulio T. Bonifacio
President & CEO
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
For further information call:
Michael Rodger
Longview Strategies Incorporated
Phone: 604-681-5755
OR:
Susan L. Wilson, Corporate Communications
Phone: 604-688-7508
Email: info@nevadacopper.com |
| |
| | You can view the Next News Releases item: Wed Feb 21, 2007, Nevada Copper Drills 38.4 Meters At 1.73 % Copper
You can view the Previous News Releases item: Mon Jan 22, 2007, Nevada Copper Mobilizes Third Drill Rig
You can return to the main News Releases page, or press the Back button on your browser.
|
| | |
| | |
