Nevada Copper Corp.

Nevada Copper Corp.

March 29, 2007 09:01 ET

Nevada Copper Drills High Grade Copper Between East and E-2 Deposits

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU)(FRANKFURT:ZYT) ("Nevada Copper") is pleased to announce the results of a step-out hole drilled between the high-grade East and E-2 copper deposits at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada. Drill Hole NC06-03 confirms the existence of high grade copper mineralization between the two deposits. Follow-up drilling is planned to determine the size of the new mineralized zone, which has significant potential to both add resources and positively impact the cost of mine development in this area.

Current drill hole NC06-03 was drilled over 300 meters north of the E-2 deposit and 500 meters south of the East deposit. NC06-03 was drilled 35 meters to the southwest of and to offset historic drill hole JK-34 which contains 21 meters of 2.5% copper. The target zone is 300 meters wide and 700 meters long and strikes northeast. Only three additional holes have historically been drilled near the target zone and are located at the edges of the target zone, which has size potential similar to the East or E-2 deposits. Each of the additional historic drill holes contains strongly anomalous copper mineralization, and all holes drilled in the area contain skarn mineralization similar to the nearby East and E-2 deposits.

NC06-03 encountered several zones of copper mineralization with the most significant intercept being 16.5 meters averaging 2.00% copper and 0.2 g/t gold. Other intercepts in the drill hole included copper grades as high as 7.68% over 0.6 meters, 1.2 meters of 2.19% copper, 2.4 meters of 1.89% copper, and 1.7 meters of 1.44% copper. A plan map and cross section are available at equals 178539. Although the drilling in NC06-03 encountered broad copper mineralization over a length of 200 meters, only those intervals averaging a copper grade in excess of 1% are reported below:

Drill Hole From To Length Copper Gold Silver Iron
# (m) (m) (m) (%) (g/t) (g/t) (%)
NC06-03 706.1 707.3 1.2 2.19 0.03 7.3 9.2
726.5 727.1 0.6 7.68 0.20 15.6 24.0
737.2 738.4 1.2 1.46 0.09 2.5 7.0
811.0 813.4 2.4 1.89 0.04 2.70 7.4
850.9 854.0 3.1 1.21 0.29 2.70 16.4
868.3 884.8 16.5 2.00 0.19 4.44 20.1
Includes 869.7 872.1 2.4 5.31 0.62 13.1 24.3
892.1 893.8 1 7 1.44 0.05 2.0 8.2
897.9 899.4 1.5 1.26 0.06 2.07 4.5
905.5 906.9 1.4 1.61 0.01 1.2 2.6

Nevada Copper has three drill rigs operating at Pumpkin Hollow, two operating around the clock. To date 17 holes have been drilled for a total of 8,150 meters. Results will be released as they become available. Drill results announced here represent true thicknesses.

Over 12,000 meters of drilling is planned in the current program. This 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.

About Nevada Copper

Nevada Copper is a well financed emerging copper company, responsibly developing the Pumpkin Hollow copper-iron property located in Western 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 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. Over half of this high grade copper mineralization is contained in the East and E-2 deposits.

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, 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.

Nevada Copper has 30.8 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at


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

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contact Information

  • Longview Capital Partners Incorporated
    Michael Rodger
    (604) 681-5755
    Nevada Copper Corp.
    Susan L. Wilson
    Corporate Communications
    (604) 688-7508
    (604) 681-0122 (FAX)