Nevada Copper Corp.
TSX : NCU

Nevada Copper Corp.

April 28, 2009 08:01 ET

Nevada Copper-Drills High Grade: 42 Meters (136 ft) @ 3.2% Copper, 1 g/t Gold in the E-2 Deposit and 38 Meters (125 ft) @ 3.2% Copper in the East Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") reports significant high grade drilling results from the East and E-2 Deposits. Drilling continues to confirm and improve the resource quality and quantity of these deposits at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada.

Drill hole NC08-39 intersected 41.5 meters (136.2 ft), 26.6 meters (87 ft) true thickness, averaging 3.24% copper and 1.0 g/t gold in the E2 Deposit including an impressive higher grade interval of 9.1 meters (30 ft) averaging 6.0% copper and 1.75 g/t gold. NC08-39 was drilled 15 meters (50 ft) to the southwest and along strike of drill hole M-44 (44.2 meters (145 ft) averaging 2.58% copper and 0.89 g/t gold).

Recent drilling in the East Deposit also produced very favorable results that confirm and will further increase the resource. Drill hole NC08-49 intersected 38.1 meters (125.0 ft), averaging 3.24% copper including an even higher grade zone of 14.9 meters (49 ft) averaging 5.4% copper and 0.6 g/t gold. This zone is thicker than the 4.1% copper over 12.2 meters (40 ft) and 3.3% copper over 17.4 meters (57 ft) found in NC07-05, located 40 meters (130 ft) to the southeast and along strike.

Additional holes were drilled in the East and E-2 Deposits that continue to confirm continuity or define the boundaries of the high grade mineralization. In the East Deposit NC08-18 and 48 confirmed continuity and NC08-54 defined the high grade boundary. Holes NC08-29, 47, and 55 were drilled in the E-2 Deposit. They intersected varying thicknesses of greater than 1.0% copper along the edges of the E-2 mineralization.

The drill hole plan map for the East and E-2 Deposits are available at http://www.nevadacopper.com/s/PumpkinHollow.asp?ReportID=345667.



E-2 DEPOSIT - Assays greater than 1.0% Cu
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True
Drill Hole From To Length Length Length Copper Gold Silver Fe
# (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC08-29 371.2 375.8 4.6 15.0 2.3 1.36 0.086 6.5 25.6
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403.2 416.8 13.6 44.5 6.8 1.75 0.160 8.5 28.1
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NC08-39 353.5 395.0 41.5 136.2 26.6 3.24 0.999 15.1 29.6
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including 355.0 364.1 9.1 29.9 5.8 6.00 1.745 28.4 28.2
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NC08-47 339.9 346.0 6.1 20.0 3.1 1.56 0.147 7.4 37.2
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NC08-55 645.5 656.2 10.7 35.0 7.6 1.20 0.161 6.8 21.7
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EAST DEPOSIT - Assays greater than 1.0% Cu
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Drill Hole From To Length Length Copper Gold Silver Fe
# (m) (m) (m) (ft) (%) (g/t) (g/t) (%)
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NC08-18 480.1 487.7 7.62 25.0 4.25 0.250 4.9 23.2
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516.6 519.7 3.1 10.0 1.29 0.293 7.8 21.0
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544.1 548.6 4.6 15.0 1.24 0.149 10.8 27.8
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551.7 554.7 3.0 10.0 1.09 0.084 6.8 26.7
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566.6 570.3 3.7 12.0 2.45 0.746 14.7 26.6
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NC08-48 602.3 605.3 3.0 10.0 2.87 0.231 9.0 10.7
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642.5 662.9 20.4 67.0 1.15 0.044 11.4 5.1
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667.5 674.5 7.0 23.0 1.11 0.080 1.8 16.2
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NC08-49 449.7 459.6 9.9 32.5 1.53 0.260 3.5 18.0
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486.2 524.3 38.1 125.0 3.24 0.361 7.9 16.9
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including 495.6 510.5 14.9 49.0 5.37 0.598 12.4 11.6
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542.2 549.5 7.3 24.0 1.69 0.109 6.5 12.7
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NC08-54 625.7 628.0 2.3 7.5 2.39 0.220 3.6 12.6
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680.3 683.0 3.0 10.0 1.21 0.214 3.7 29.2
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701.7 704.7 3.0 10.0 1.08 0.175 4.4 22.0
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NC08-56 Pre-collar only
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The holes presented above complete the reporting of the results for the 2008 Pumpkin Hollow drill program. The program consisted of 73 resource, hydrological, and geotechnical holes that totaled over 26,600 meters (87,300 feet). An updated resource estimate that incorporates the 2008 drill program and the historic core re-assaying of gold, silver and molybdenum is scheduled for release in this quarter.

In November 2007, Nevada Copper updated its National Instrument 43-101 compliant resource estimate. The detailed resource summary is as follows:



COPPER - GOLD - SILVER RESOURCE

MEASURED RESOURCES
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Copper Tons Copper lbs Copper Gold Silver
% Cutoff (thousands) % Grade (thousands) (ounces) (ounces)
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0.20 52,787 0.70 737,190 112,000 4,407,000
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0.30 38,052 0.88 665,850 98,000 3,584,000
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0.75 14,271 1.54 440,296 60,000 1,797,000
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INDICATED RESOURCES
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Copper Tons Copper lbs Copper Gold Silver
% Cutoff (thousands) % Grade (thousands) (ounces) (ounces)
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0.20 289,948 0.56 3,230,498 522,000 22,236,000
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0.30 189,416 0.73 2,745,190 421,000 16,591,000
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0.75 53,687 1.38 1,476,062 206,000 6,428,000
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MEASURED AND INDICATED RESOURCES
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Copper Tons Copper lbs Copper Gold Silver
% Cutoff (thousands) % Grade (thousands) (ounces) (ounces)
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0.20 342,735 0.58 3,967,688 635,000 26,643,000
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0.30 227,468 0.75 3,411,040 520,000 20,175,000
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0.75 67,958 1.41 1,916,358 267,000 8,225,000
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INFERRED RESOURCES
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Copper Tons Copper lbs Copper Gold Silver
% Cutoff (thousands) % Grade (thousands) (ounces) (ounces)
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0.20 438,164 0.45 3,906,825 647,000 30,680,000
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0.30 231,079 0.63 2,913,251 462,000 19,197,000
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0.75 47,710 1.31 1,252,129 177,000 5,650,000
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Within this estimate, at a 1% copper cutoff, the East and E2 Deposits stood at: Measured, 6.5 million tons at 1.91% copper; Indicated, 19.6 million tons at 1.78% copper; and Inferred, 13.7 million tons at 1.59% copper. Additionally, there is also an open-pit measured and indicated resource of 53.2 million tons of iron and inferred resource of 91.4 million tons of iron.

Nevada Copper continues its systematic program to develop the advanced stage Pumpkin Hollow IOCG Property with the resource delineation drilling program, metallurgical, geotechnical, hydrological, condemnation data and environmental baseline data for purposes of a Feasibility Study planned to commence in 2009.

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.

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. 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.

Contact Information

  • Nevada Copper Corp.
    Eugene Toffolo
    Corporate Communications
    604-683-8266 or Toll Free: 1-877-648-8266
    or
    Nevada Copper Corp.
    Giulio T. Bonifacio
    President & CEO
    604-699-0023
    info@nevadacopper.com
    www.nevadacopper.com