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Nevada Copper Corp.
Summary
| Project: | Pumpkin Hollow | |
|---|---|---|
| Deposit: | Pumpkin Hollow | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 5/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 15-5-2018: Nevada Copper Corp. announces an Exploration/Drilling Update report for its Pumpkin Hollow deposit at the Pumpkin Hollow project. Drilling results incl. 42.7m @ 2.05% Cu, 0.061g/t Au, 5.8g/t Ag. May 15, 2018 - Nevada Copper Corp. (TSX: NCU) ("N | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory French, Robert McKnight (Internal) | |
| ABSTRACT: | May 15, 2018 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or the “Company”) is pleased to announce results from the first two holes of its 2018 open pit diamond drill program, at the Company's 100%- owned, fully-permitted Pumpkin Hollow Project in Nevada. The previously announced program aims to expand the North Pit deposit and convert previously untested areas, historically classified as waste, to ore. Both holes have encountered multiple zones of wide mineralization at shallow depth. Hole NC18-01, located in the previously undrilled Northern Extension Zone of the North Pit, intersected multiple zones of copper mineralization, including 42.7 meters true thickness averaging 2.05% copper. This mineralization is wider and of higher grade than adjacent holes and extends mineralization into areas previously classified as waste. The Importance of the Northern Extension Zone: The Northern Extension Zone covers a large area adjacent to existing North Pit mineralization. The Northern Extension Zone was not previously drilled due to the now completed land transfer process. As a result, this large area within the existing North Pit shell was classified as waste in previous technical studies. Subsequent geological analysis has shown the Northern Extension Zone to be a highly-prospective area. The 2018 drill program aims to add mineralization to the open pit deposit, which has the potential to further enhance open pit economics by reducing stripping costs and extending the ore body. Matt Gili, President and Chief Executive Officer, commented, “We are pleased to see this successful start to the 2018 open pit drill program. These first holes both expand mineralization to the north and in the core of the 2 North Pit, and are part of an ongoing drill program with the objective of extending mineralization and converting waste to ore in the open pit.” | |
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