Nevada Copper Corp.

Nevada Copper Corp.

April 17, 2007 09:18 ET

Nevada Copper Intersects Major High Grade Zone

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU)(FRANKFURT:ZYT) ("Nevada Copper") is pleased to announce the results of a step-out hole drilled to the northeast of the high-grade East copper deposit at its 100% owned Pumpkin Hollow Property in Nevada.

Drill Hole NC07-05 intersected a major high grade zone that extends the northeastern portion of the East deposit, which remains open to expansion. Only two holes have previously been drilled northeast of this portion of the East deposit, and these are over 200 meters from NC07-05 and they are 200 meters apart. NC07-05 indicates that copper grades are increasing to the Northeast. The data suggests that the high grade mineralization may trend between the historic drill holes.

NC07-05 encountered four zones of high grade copper mineralization with the most significant intercepts being 12.3 meters grading 4.1% copper, 17.6 meters grading 3.4% copper (including 10.3 meters grading 4.4% copper), and 3.2 meters grading 5.0% copper. The drill hole also contains significant iron mineralization, with gold and silver values as shown in the table below.

NC07-05 was drilled 30 meters northeast of historic hole KM-12 (17.4 meters grading 2.3% copper and 2.7 meters grading 4.7% copper). Results from NC07-05 will materially expand the existing East deposit. Additional drilling is planned to the north and east of NC07-05 to further test the extent of this high grade copper mineralization that remains open in several directions.

Only those intervals with copper grades higher than 1% are reported below:

Drill Hole From To Length Copper Gold Silver Iron
# (m) (m) (m) (%) (g/t) (g/t) (%)
NC07-05 464.8 477.1 12.3 4.09 0.73 10.1 32.6
486.1 489.3 3.2 5.00 0.71 5.2 8.2
511.8 529.4 17.5 3.35 0.30 8.19 33.5
Including 517.7 528.0 10.3 4.43 0.38 10.7 36.7
539.0 541.3 2.3 1.69 0.26 6.9 10.9
NC06-05 376.5 378.0 1.5 1.26 0.28 4.7 30.7
387.8 391.7 3.9 1.27 0.29 4.0 34.3
406.2 407.9 1.7 1.37 0.33 4.6 42.7
414.0 418.3 4.3 1.92 0.40 6.6 41.1
424.7 427.7 3.0 1.12 0.19 1.8 11.4
NC07-01 No significant mineralization

Other holes reported include NC06-05 and NC07-01 both in the E-2 deposit. NC06-05 was designed as an infill hole 35 meters from the nearest drill holes, and defined the southeastern boundary of the E-2 mineralization. The best intercept was 4.3 meters averaging 1.9% copper, 0.4 g/t gold and 41.1% iron. NC07-01 was a step-out hole to the south of the E-2 deposit.

Nevada Copper has three drill rigs operating at Pumpkin Hollow, two operating around the clock. To date 16 holes have been drilled for a total of 9,110 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 Strategies Incorporated
    Eugene Toffolo
    (604) 681-5755 or Toll Free: 1-877-687-5755
    Nevada Copper Corp.
    Susan L. Wilson
    Corporate Communications
    (604) 688-7508
    (604) 681-0122 (FAX)