Nevada Copper Corp.

Nevada Copper Corp.

March 23, 2009 10:58 ET

Nevada Copper-Intersects 225 Meters (739 Feet) of 0.62% Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2009) - Nevada Copper Corp.'s (TSX:NCU) ("Nevada Copper") recent drilling results continue to confirm continuity and enhance the overall resource quality in the open pittable North Deposit, at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada.

NC08-46 intersected a large mineralized zone, 225.3 meters (739 ft), 195.2 meters true thickness, averaging 0.62% copper. This in fill hole was drilled as a follow up to the recently discovered NC08-20 mineralization located along the southern boundary of the North deposit. NC08-20 which was previously announced is located 30 meters south of NC08-46 and intersected 235.6 meters (773.0 ft), averaging 1.03% copper.

Additionally, NC08-42 drilled as an infill hole in the eastern portion of the North deposit confirmed continuity and intersected several zones of mineralization, the largest 11.7 meters (38.5 ft), averaged 2.65% copper. Holes NC08-60 and 61 were drilled as infill to improve the resource status of the shallow mineralization located along the northern border of the North deposit.

An NI 43-101 compliant updated resource estimate to incorporate these results and over 26,600 meters (87,300 feet) of drilling in 2008 is scheduled for completion in the second quarter of 2009. Open pit resources on the property are included in both the North and South deposits. In November of 2007 the Company reported a combined copper resource estimate for both the North and South deposits, at a 0.2% cutoff of: Measured, 19.6 million at 0.645% copper; Indicated, 142.3 million at 0.51% copper; and Inferred, 233.8 million at 0.44% copper for a total of 1.7 billion pounds of contained copper in the Measured and Indicated categories and further 2 billion pounds of contained copper in the Inferred category. Management expects this estimate to be positively impacted as a result of the successful 2008 drilling program.

A North deposit plan map and a cross section with hole NC08-46 is available at Drill results announced here represent true thicknesses.

NORTH DEPOSIT: Assays greater than 0.3% Cu

Drill From To Length Length Length Copper Gold Silver Mo
Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
NC08-42 215.4 227.1 11.7 38.5 11.7 2.65 0.130 8.8 0.008
237.3 244.8 7.5 24.5 7.5 0.47 0.060 2.6 0.004
274.3 281.3 7.0 23.0 7.0 0.57 0.044 1.7 0.002
NC08-46 134.1 138.7 4.6 15.0 3.9 0.81 0.039 2.4 0.004
184.1 409.4 225.3 739.0 195.2 0.62 0.072 1.6 0.007
NC08-60 76.2 106.7 30.5 100.0 23.4 0.49 0.006 0.7 0.004
NC08-61 115.8 120.4 4.6 15.0 3.5 1.05 0.024 0.7 0.019

Of the 73 holes totaling 26,600 meters (87,300 feet) drilled during 2008 program, the four holes presented in this press release represent the remaining results for the North deposit. Outstanding results for the East and E-2 deposits will be released as they become available in the second quarter of 2009.

In other recent project developments Joe Kircher, Chief Operating Officer commented: "Nevada Copper is continuing with its optimization studies with a view to further enhance already robust economics. Our Project attributes include high grade copper and gold resources which allow for a mine production profile that significantly reduces capital costs, is resilient to lower copper prices and realizes excellent financial metrics. These studies which are preliminary in nature are progressing and will be reported subsequent to the incorporation of the results of the updated resource estimate scheduled for release in Q2."

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


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

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