North Deposit Mineralization Continues To Expand Copper
VANCOUVER, Nevada Copper Corp. reported drill results from its 100% owned Pumpkin Hollow Property located near Yerington, Nevada. Three (3) drill holes of the current follow-up 2013 drill program have been completed with further drilling results pending.
The drill results represent drilling along the southern edge of the open-pittable North deposit. The current follow-up drill program targets new mineralization discovered at the end of last year's drilling program, which lies just outside the current feasibility pit limits. As previously reported, the updated measured and indicated copper resource in the North and South Deposits (together the "Western Deposits") increased by over 1.1 billion pounds to 5.4 billion pounds. An optimized feasibility study for an integrated open pit and underground project development incorporating the new mineral resource estimate and expanded mine is scheduled for completion in April 2013.
The majority of mineralization in the North deposit is disseminated within hornfels, silicate skarn and skarn breccia. The mineralization discovered along the southern edge of the deposit is different. Mineralization like that encountered in drill hole NC-12-34 (690 feet grading 1.17% copper) is mainly hosted by endoskarn. The new endoskarn-hosted mineralization opens up a very large prospective area between the North and South deposits for further exploration.
Two of the three recent holes drilled intersected significant thicknesses of mineralization along the south edge of the North deposit. Drill holes NC13-01 and NC13-04 intersected multiple zones of mineralization. The mineralization in NC13-04 totaled 587.5 feet averaging 0.54% copper. The highest grade zone intersected 72.5 feet, 65.6 feet true thickness, and grading 1.50% copper. Mineralization remains open to the south and southeast.
Gregory French, Vice President, Senior Project Manager, commented, "The results from drill holes NC13-01, NC13-04 and the earlier reported NC12-34 which intersected 690 feet grading 1.17% copper, continue to demonstrate the potential to further expand the mineralization between the North and South deposit. The expansion of mineralization is expected to enhance future pits designs and economics of the project. Expanding the mineralization in the NC12-34 area is the priority in our current drilling program and we are very pleased with the initial results.