Nevada Copper Expands North Deposit Intersecting 785 Feet of 0.73% Copper and 320 Feet of 1.08% Copper
June 14, 2011 - Nevada Copper Corp. (TSX: NCU) (“Nevada Copper”) is very pleased to announce further positive drill results from the 100% owned Pumpkin Hollow Property located in Nevada. The holes reported below represent assay results from the current 20,000 meter step-out and expansion drilling program.
Drill Hole NC11-03 was drilled to expand the deeper mineralization in the North Deposit and was successful in extending and confirming the continuity of mineralization intersecting an upper zone 320 feet (97.5 meters), averaging 1.08% copper, 0.164 grams gold, 4.2 grams silver and 0.017% molybdenum and a lower zone 785 feet (239 meters), averaging 0.73 % copper, 0.048 grams gold and 1.2 grams silver. Intervals represent true thickness.
Drill Hole NC11-04 and geotechnical hole NC11-GT03 were drilled in the East Deposit. Drill Hole NC11-04 was drilled along the northern edge of the Deposit. Drill Hole NC11-GT03 was drilled to collect geotechnical data for the East shaft and is over 90 meters east of known mineralization and intersected two thinner mineralized zones. These zones will not affect the location of the shaft but demonstrate the continuity and strength of the mineralizing system.
NORTH DEPOSIT - Assays greater than 0.2% Cu
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EAST DEPOSIT - Assays greater than 0.75% Cu
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Gregory French, Vice President, Senior Project Manager, CPG, M.Sc., commented, “Drilling in the North Deposit continues to confirm and expand mineralization. Two mineralized zones were intersected, with the upper and the lower zone expanding mineralization. Together the two zones total over 1,100 feet of mineralization grading 0.73% to 1.08% copper. NC11-03 also demonstrated that areas within the deposit have higher molybdenum grades than the deposit average. In view of these very positive results additional drilling is currently being planned.”
Plan maps and a cross section will be made available at http://media3.marketwire.com/docs/nevmaps614.pdf.
The Pumpkin Hollow drilling program is under the supervision of Gregory French, CPG #10708, and a Qualified Person as defined in Canadian National Instrument 43-101, 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.
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 new release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning: Nevada Copper’s (“the Company”) plans at the Pumpkin Hollow Project; the timing of granting of key permits, timing of delivery of key technical reports such as the Definitive Feasibility Study, estimated metal production and the timing thereof; and any capital and operating and cash flow estimates. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “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; labour disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; legal and regulatory proceedings and community actions; 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; as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated September 24, 2010. 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. Accordingly, readers are advised not to place undue reliance on 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. 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 atwww.sedar.com.
For further information call:
|Eugene Toffolo, Corporate Communications|
Toll free: 1-877-648-8266
|Robert McKnight, P.Eng.|
Executive Vice President