Nevada Copper Corporation announced the latest step out and expansion drill results from its 100% owned Pumpkin Hollow Property located near Yerington, Nevada. 94 drill holes totaling 47,000 meters have been completed. The results for the remaining few drill holes are pending and will be released as they become available.
The drill results reported below include 6 holes drilled in the open pittable North and South deposits the Western Deposits. Assays for all holes except for drill hole NC12-31 were received after the recently released updated resource. As previously reported on September 7th 2012 the updated measured and indicated copper resource in the Western Deposits increased by over 1.1 billion pounds to 5.4 billion pounds.
In the North deposit, 5 holes were drilled, drill holes; NC12-28, 30, 31, 33 and 34. Results continue to expand mineralization along the southern edge and at depth. Drill hole NC12-34 targeted the expansion of the main mineralized zone, intersecting 690 feet, 625.3 feet true thickness, grading 1.17% copper. Mineralization still remains open in several directions.
Drill holes NC12-28 and NC12-33 were also drilled along the south edge of the deposit. NC12-33 was drilled approximately 300 feet northeast of drill hole NC12-34 and intersected the main mineralized zone. The mineralization remains open to the south. Drill hole NC12-28 intersected limited mineralization. Drill hole NC12-31 targeted deeper mineralization and intersected several zones, confirming the shallower zones and expanding the lower mineralized zone.
Drill hole NC12-30 was drilled to test the down dip extension of mineralization along the northwest edge of the North deposit. The zone was intersected and mineralization remains open. One hole was drilled in the South deposit. Drill hole NC12-32 was drilled in the center of the deposit where drill spacing was wide and mineralization needed better definition. The hole confirmed both the copper and iron mineralization. Several zones were encountered with the lower zone intersecting 230.0 feet, 179.5 feet true thickness grading 0.23% copper just within and also outside, the current feasibility ultimate pit limit.
Mr Gregory French VP, Senior Project Manager of Nevada Copper said that "The south edge of the North deposit continues to produce great results in both grade and thickness. Intersecting almost 700 feet of high grade mineralization in NC12-34 is extremely positive as we previously intersected 127 feet at 3.96% copper in hole NC12-03 which is located approximately 300 feet to the north. These results now open up a large prospective area between those holes that has not yet been drill tested. The nearest holes to the south and east are approximately 600 feet to 800 feet away. When drilling resumes this area will be a top priority."
Source - Nevada Copper
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