October 28, 2013 - Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or “Company”) Nevada Copper is pleased to announce key additions to its senior management and technical team at its 100% owned Pumpkin Hollow Copper Project in Yerington, Nevada.
Mr. Timothy Arnold has been appointed as Vice President, Operations. Mr. Arnold is a Registered Professional Mining Engineer with more than 30 years of experience in mine engineering, underground and open-pit mine operations, project development, planning and permitting. Mr. Arnold’s past experience includes being the General Manager at the Mt. Hope and Liberty molybdenum projects for General Moly, Inc. in Nevada primarily responsible for building the Mt. Hope operating team, developing operating systems, processes and policies, coordinating the transition to start-up, and managing local stakeholder relationships. Prior to that Mr. Arnold was Vice President and General Manager of Coeur d’Alene Mines where he managed the Kensington Gold Mine project. Mr. Arnold also held the position of Vice President and General Manager at the Coeur Rochester mine, a silver/gold open pit operation in Nevada. During his tenure at the Rochester mine, it was ranked as one of safest medium-sized mines in Nevada by the Nevada Mining Association. Mr. Arnold’s other roles included General Manager of the Hecla Lucky Friday mine, Mine Superintendent of Barrick’s Bullfrog mine and Senior Underground Operations Engineer with Independence Mining. Mr. Arnold holds directorships and affiliations with the Nevada Mining Association and Society of Mining, Metallurgical, and Exploration Engineers.
Nevada Copper has recently added several senior individuals to its technical team, including a Senior Project Engineer, Chief Underground Engineer and a Project Controls Manager. The Company has been able to attract these highly-qualified individuals to its team due both to the attractive location of the Pumpkin Hollow Project, and the current job market in the mining industry.
Nevada Copper is also pleased to report Mr. Greg French has been appointed the Company’s Vice President Exploration and Project Development.
Giulio Bonifacio, President and CEO commented, “We are extremely pleased to have attracted such high calibre professionals to join our team. After conducting an extensive search, the addition of Mr. Arnold and senior project personnel will bring a wealth of experience that will be of great value to Nevada Copper as we advance Pumpkin Hollow to production in 2015.”
Nevada Copper also announces the resignation of Mr. Foster Wilson as a director of the Company. We thank Mr. Wilson for his many years of service which were of great assistance to the growth and development of the Company. Mr. Wilson is reducing his directorships in order to focus on his other business interests.
Nevada Copper announces its financial year end will change from June 30th to December 31st. For full details of the change in financial year end please refer to the Company’s Notice filed on SEDAR under s.4.8 of NI 51-102.
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 and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing as strategic partner, expanding the mineral resources and reserves and possible future financings are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Nevada Copper Corp. (the “Company”) plans at the Pumpkin Hollow Project; the timing of granting of key permits; from the Feasibility Study: the estimated metal production and the timing thereof; capital and operating costs, future metal prices and cash flow estimates derived from the foregoing.
Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: history of losses; requirements for additional capital; dilution; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated September 19, 2013. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
For further information call:
VP, Investor Relations & Communications
Toll free: 1-877-648-8266
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO