Nevada Copper Corp. (TSX:NCU) has announce further positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada.
The hole reported below represents the latest assay results from the geotechnical drilling program. Currently one drill rig is finishing the geotechnical program and will join the second rig which has already started the 20,000 meter resource step-out and expansion drilling program proposed for 2011.
Assay results have been received from drill hole NC10-GT-07 and, in addition to collecting geotechnical data within the development areas of the East Deposit, NC10-GT-07 was successful in confirming the continuity of high grade mineralization. Drill hole NC10-GT-07 intersected 180.0 feet (54.9 meters) averaging 1.59% copper and 0.261 grams gold and 3.6 grams silver.
"We are very pleased that NC10-GT-07, along with the earlier geotechnical holes, continues to confirm and expand mineralization in the East and South deposits. The remaining geotechnical drilling is currently being completed on the E2 and North deposits as part of the engineering data collection for the ongoing Feasibility Study. The drill program will then focus on the expansion of the resource," commented Gregory French, Vice President, Senior Project Manager of Nevada Copper.
Other Business
Nevada Copper announces that Zhongtiaoshan Non-ferrous Metals Group Co., Ltd. ("ZTS") elected to convert its Convertible Debenture and exercise warrants resulting from the transaction entered into in June 2009. ZTS currently holds 2,112,800 common shares of Nevada Copper.
Source: Nevada Copper Corp.