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| | February 21, 2007
Nevada Copper Drills 38.4 Meters At 1.73 % Copper
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| | February 21, 2007 - Nevada Copper Corp. (TSXV: NCU) ("Nevada Copper") is pleased to announce the continuation of successful drilling results from the second and fourth holes at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada.
Drill hole NC06-02, designed as an in-fill hole in the North zone and more than 20 meters from the nearest drill hole, intercepted 38.4 meters grading 1.73% copper. NC06-04, a 20 meter step-out drill hole, also in the North zone, encountered 30.5 meters grading 1.79%. Both holes included higher grade intervals of 24.7 meters of 2.01% copper and 12.2 meters of 2.58% copper respectively. Plan maps and cross sections are available at http://www.nevadacopper.com/s/PumpkinHollow.asp?ReportID=171832.
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Drill Hole From To Length Copper Gold Silver
# (m) (m) (m) (%) (g/t) (g/t)
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NC06-02 206.4 245.4 39.0 0.35 0.05 1.5
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NC06-02 283.2 321.6 38.4 1.73 0.15 3.1
Including 289.6 314.3 24.7 2.01 0.17 3.5
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NC06-03 Assays pending
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NC06-04* 213.4 243.9 30.5 1.79 0.11 2.4
Including 228.7 240.9 12.2 2.58 0.08 3.2
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NC06-05 Assays pending
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NC07-01 Assays pending
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*Check assays pending
"We're very encouraged with the grade, thickness and continuity demonstrated by drilling in the North zone to date. These results along with previously announced results from NC06-01 of 104 meters at 2.03% copper are expected to positively impact the current North zone resource." commented Joe Kircher, Nevada Copper's Vice President and Chief Operating Officer.
Nevada Copper has three drill rigs operating at Pumpkin Hollow around the clock. To date 12 holes have been drilled for a total of 5,500 meters. Results will be released as they become available. Drill results announced here represent true thicknesses.
Over 12,000 meters of drilling is planned in the current program. This includes in-fill and step-out holes designed to both upgrade the current resource classifications for purposes of the feasibility study planned for 2007 and to test for further resource expansion down dip and along strike in areas where the deposits remain open.
About Nevada Copper
Nevada Copper is a well financed emerging copper company, responsibly developing the Pumpkin Hollow copper-iron property located in Western 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 significant high grade copper and iron 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 embarked on a systematic fast-track program to develop Pumpkin Hollow into Nevada's next copper mine. The current drilling program will support an updated resource estimate and economic feasibility study scheduled to commence in late 2007.
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 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
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com
The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
For further information call:
Longview Strategies Incorporated
Attention: Michael Rodger
Phone: 604-681-5755
OR:
Susan L. Wilson, Corporate Communications
Phone: 604-688-7508
Email: info@nevadacopper.com |
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