Nevada Copper Corp.

Nevada Copper Corp.

May 02, 2007 08:30 ET

Nevada Copper-Project Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 2, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU)(FRANKFURT:ZYT) ("Nevada Copper") is very pleased to provide a project update for its advanced staged 100% owned Pumpkin Hollow Copper Property located in Nevada.

Nevada Copper has assembled a team of industry leading project development professionals to assist its technical team with the collection of geotechnical, hydrological, environmental, metallurgical and geological data to support and facilitate project feasibility and permitting. The feasibility study is scheduled to commence in late 2007. Nevada Copper enjoys significant benefits from the baseline data previously collected at Pumpkin Hollow by former operators which included US Steel Corporation and Anaconda Copper Corporation. Additionally, this previous work will accelerate Nevada Copper's current programs. Nevada Copper has retained the following "best in class" specialists:

- Geotechnical Golder Associates (Reno)
- Hydrological Water Management Consultants (Reno)
- Environmental & Socioeconomic The Mines Group (Reno)
- Metallurgy Donald Podobnik (Denver)
- Metallurgical Testwork Hazen Research (Denver)
- Geology & Resource Modeling Gustavson Associates (Denver)

Nevada Copper currently has three drilling rigs operating at Pumpkin Hollow, with two operating around the clock. Based on the very positive step out drilling results, Nevada Copper has increased its previously reported drilling program from 12,000 meters to 15,000 meters.

To date, twenty (20) holes have been drilled for a total of 12,000 meters with results announced for seven (7) holes. Additional drill results will be released as they become available. The current drilling is designed to support generation of an updated geological model and resource estimate planned for completion in the third quarter.

Joe Kircher, Chief Operating Officer, commented, "We set out five months ago with a drilling program designed for purposes of converting a majority of our current inferred copper resource into the measured and indicated category in advance of the feasibility study. We believe this drill program has successfully accomplished this goal and has also appreciably added to our resource base. We are pleased with the substantial progress we have made in such a short timeframe advancing Pumpkin Hollow toward feasibility."

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. Most 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.

Nevada Copper has 30.9 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
    Attention: Eugene Toffolo
    (604) 681-5755 or Toll Free: 1-877-687-5755
    Nevada Copper Corp.
    Giulio T. Bonifacio
    President & CEO
    (604) 699-0023