Nevada Copper Update on Pumpkin Hollow project
Nevada Copper Pumpkin HollowNevada Copper

Nevada Copper Update on Pumpkin Hollow project

Nevada Copper Corp has provided a project update for the underground mine at its Pumpkin Hollow project. Commissioning of the Main Shaft hoist is complete;

Nevada Copper Corp has provided a project update for the underground mine at its Pumpkin Hollow project. Commissioning of the Main Shaft hoist is complete; the hoist now has the capacity to hoist material at 5,000 tons per day, as well as move people and equipment as required. The Company is currently in the process of completing the automation of the auxiliary hoist, however, this work is not critical for achieving steady-state production levels of 5,000 tons per day. The repurposing of the East North Ventilation Shaft is on-going and on schedule in support of the installation of the surface ventilation fans.

Electrical upgrade – In order to enable the ramp-up of production at the Underground Project to 5,000 tons per day, the Company needed to upgrade and expand the electrical system underground. Last week, the Company completed significant electrical upgrades to provide sufficient electricity to power additional production equipment and ventilation in support of ramp up. Additions to the mobile production fleet were deployed in February as planned, with final pieces of equipment to follow on schedule in Q2 2021.

Ventilation upgrade – The upgrading of the ventilation system of the Underground Project is progressing on schedule. Currently two additional fans are being installed underground with a further two additional underground fans expected to be installed in May 2021. Two large permanent surface fans have been ordered and are scheduled to be installed in Q3 2021, which will assist the Company in reaching a steady state production rate of 5,000 tons per day.

Underground development and drilling are ongoing, establishing further access to ore zones and stope access with grades higher than expected in development drives. Grades over 5% have also been encountered in the stope development areas.

Nevada Copper is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

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