October 26, 2010 - Nevada Copper Corp. (TSX: NCU) (“Nevada Copper”) announces positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The following drilling results are from the open pittable North Deposit. Nevada Copper currently has two drill rigs following up on mineralization recently discovered in the North Deposit.
NC10-72 and NC10-73 were drilled in the open pittable North Deposit to test the extent of the recently discovered mineralization along the southwestern edge of the deposit. NC10-72 intersected two upper zones of mineralization which correlate well with the adjacent holes. This hole intersected 305.0 feet (93.0 meters) of 1.02% copper and 235.5 feet (71.8 meters) averaging 0.46% copper. The lower zones continue to demonstrate the continuity of mineralization.
NC10-73 is an angle hole that targeted the extension of deep mineralization found in NC10-31. The hole intersected deeper mineralization 70 to 80 meters south of NC10-31. The drilling demonstrates that the mineralization is continuous and thins to the south. Mineralization remains open to the north and northeast where follow up drilling is currently in progress.
“The recently expanded drill program in the North Deposit continues to produce positive results. Follow up drilling over the next month will focus on the continued expansion of the recently discovered mineralization which remains open,” commented Gregory French, Vice President, Senior Project Manager of Nevada Copper.
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Nevada Copper also continues to collect technical data necessary for feasibility related work. Hydrogeologic drilling has recently been completed and pump tests are currently in progress collecting data necessary for the groundwater modeling.
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, 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 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 Nevada Copper 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. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 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.
For further information call:
Eugene Toffolo, Corporate Communications
Toll free: 1-877-648-8266
Giulio T. Bonifacio, President & CEO