Nevada Copper Corp.
TSX VENTURE : NCU

Nevada Copper Corp.

January 16, 2007 08:02 ET

Nevada Copper Drills 104 Meters of 2.03% Copper

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU) ("Nevada Copper") is very pleased to announce the results from the first core hole at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada.

Drill hole NC06-01 was drilled as an in-fill hole in the Northwest Deposit more than 30 meters from the nearest drill hole. NC06-01 intercepted a 213 meter zone grading 1.04% copper. The intercept includes a 104 meter zone grading 2.03% copper and within this a higher grade zone of 51 meters grading 3.16% copper. Copper grades and thickness are comparable to or better than adjacent drill hole intercepts, confirming the high copper grade and continuity of the Northwest Deposit.



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Drill From To Length Copper Gold Silver
Hole # (m) (m) (m) (%) (g/t) (g/t)
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NC06-01 126.5 339.9 213.4 1.04 0.09 2.9
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Including 212.7 317.0 104.3 2.03 0.16 5.3
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Including 223.7 274.3 50.6 3.16 0.19 7.3
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The current drill results represent true thickness. The current drill program 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. The current drilling program is planned in two phases of 6,000 meters each, to be drilled during the next 4-6 months. Results from the drilling will be released as they become available.

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 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, and a Qualified Person as defined in Canadian National Instrument 43-101 and 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 has been implemented where by 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.

Contact Information

  • Longview Strategies Incorporated
    Michael Rodger
    (604) 681-5755
    or
    Nevada Copper Corp.
    Susan L. Wilson
    Corporate Communications
    (604) 688-7508
    (604) 681-0122 (FAX)
    Email: info@nevadacopper.com
    Website: www.nevadacopper.com