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Nevada Copper Corp.
Summary
| Project: | Pumpkin Hollow | |
|---|---|---|
| Deposit: | Pumpkin Hollow | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 9/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-9-2018: Nevada Copper Corp. announces an Exploration/Drilling Update report for its Pumpkin Hollow deposit at the Pumpkin Hollow project. Drilling results incl. 13.0m @ 2.42% Cu, 0.18g/t Au, 6.6g/t Ag from 154.6m. September 24, 2018 - Nevada Copper Cor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregory French, Robert McKnight (Internal) | |
| ABSTRACT: | September 24, 2018 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or the “Company”) is pleased to announce results from 19 holes in and near the open pit project (the “Open Pit Project”) which is located 4km from the Company’s underground mine, both situated at its 100% owned Pumpkin Hollow copper project (“Pumpkin Hollow”). All of the 19 holes have hit copper mineralization, with 9 holes hitting high-grade mineralization, including hole NC18-22, located outside of the current pit limits, which intercepted 6.9 meters true thickness averaging 4.12% copper between 175.7m and 187.0m. In total, 26 holes were drilled during the 2018 Open Pit Project expansion work program and the results indicate a new high-grade zone, new lenses of mineralization and the continued success of the waste-to-ore conversion program. None of these holes were included in the recent preliminary economic assessment (“PEA”) study (see news release dated September 10, 2018). These 26 holes will be included in the upcoming pre-feasibility (“PFS”) study anticipated Q1, 2019 and have the potential to enhance the size and economics of the Open Pit Project. Matt Gili, President and CEO, of Nevada Copper, commented, “We are very encouraged by this extensive set of drilling results, which includes the discovery of a new high-grade zone and new lenses of mineralization. We are also pleased to see the continued, strong progression of our waste-to-ore conversion program. Overall, the success of this program has the potential to improve the size and the economics of the open pit development at Pumpkin Hollow and we look forward to the PFS that is planned for Q1, 2019.” | |
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