Nevada Copper Corporation announced that drill contracts have been signed for follow up drilling of the NC12-34 area from its 100% owned Pumpkin Hollow Property located near Yerington Nevada. It is expected that drill mobilization will commence later this month. The initial phase of the drill program will total 5,000 meters.
The mineralization discovered in the NC12-34 area is located along the southern edge of the North Deposit where mineralization remains open in several directions. Drill hole NC12-34 targeted the expansion of the main mineralized zone intersecting 690 feet, 625.3 feet true thickness grading 1.17% copper.
Assays results for drill hole NC12-34 were received after the recently released updated Western Deposits resource. The new measured and indicated copper resource increased by over 1.1 billion pounds to 5.4 billion pounds of copper as described in News Release dated September 7th 2012. Drill hole 12-34 mineralization is just outside the current National Instrument 43-101 Feasibility Study ultimate pit limits for the North and South pits.
Mr Gregory French VP, senior project manager of Nevada Copper said that "The south edge of the North Deposit where NC12-34 is located continues to produce great results. The newly discovered mineralization intersected in NC12-34 opens up a large area between the North and South pits that has not yet been drill tested. We believe the continued success of the follow up drilling will significantly increase the resource and have very positive implications in future mine designs."
