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NEWS RELEASE

TSX: NCU

NEVADA COPPER INTERSECTS 462 FEET OF 0.64% COPPER

 September 10, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to provide a project update and announce the remaining results of its first phase of diamond drilling on the North and South open pit deposits at the Company’s 100% owned Pumpkin Hollow project (“the Project”) located near Yerington Nevada.

Project Development Update

With the recent achievement of a fully-permitted, shovel-ready project and a feasibility study in hand, the Company is now reviewing various financing and development alternatives. On the financing front, a number of project finance banks have expressed interest in leading or participating in a large debt financing and the substantial mobile equipment fleet has attracted the interest of the major equipment lessors.  A large smelter has also expressed interest in a long term concentrate purchase contract that could attract government loan guarantees and result in longer loan term and lower financing costs.  On the project delivery front, the Company has been contacted by numerous engineering firms regarding EPCM work.  In light of the current lack of work in mine construction, there are good opportunities for soliciting lump sum bids and cost savings in major areas of project capital. We are also examining opportunities for cost reductions and optimization in the flow sheet and process plant. While the foregoing activities are proceeding, the Company has scaled back unnecessary expenditures at the project.

Open Pit Drilling Results

The Company has successfully completed the first phase of a multi-phase Open Pit drilling program with results from the final six drill holes.  The holes were drilled in the North and South deposits as well as the Connector zone.  All holes have been successful in intersecting copper mineralization.  The program was designed to expand open mineralization and convert material currently classified as waste, into measured or indicated categories. Twenty five holes were completed and 4 holes pre-collared for a total of 36,400 feet (11,100 meters).

The highlights of the drill program include:

  • Drilling was very successful in expanding mineralization within the core area of the North pit where material classed as waste was converted into mineral resources. One of the holes, NC15-04 intersected multiple zones of mineralization totaling over 300 meters (1,000 feet);
  • Mineralization was expanded and remains open along the western and eastern edges of current North pit;
  • The drilling shows that the shallow high grade zones in the North pit can be expanded further. NC15-16 intersected a shallow zone grading 1.29% copper over 38.7 meters (126.8 feet), 37.6 meters true thickness;
  • Mineralization continues to expand in the Connector zone between the North and South pits with NC15-13 intersecting 63.9 meters (209.5 feet) @ 1.39% copper, true thickness;
  • Shallow and down dip mineralization in the South deposit was expanded and remains open. The drilling also converted waste to mineralized material;
  • New mineralization was found in the McConnell Canyon Formation. This is the first time that copper mineralization has been found on the property in this older geologic unit, and this opens up additional exploration possibilities; and
  • Additional drilling is warranted as mineralization remains open along the edges of the deposits. The second phase of drilling will target the expansion of these zones.

NC15-16 was drilled in the center of the North deposit and was successful in converting waste and inferred material where drilling was lacking in the deeper parts of the deposit. The hole also encountered a much thicker shallow high grade zone than in adjacent holes, intersecting 38.7 meters (126.8 feet @ 1.29% Cu), 37.6 meters true thickness. This was within a larger zone of 140.9 meters (462.2 feet @ 0.64% Cu), 135.2 meters true thickness.

Drill holes NC15-22 and NC15-23 are located in the Connector zone between the North and South pits.  NC15-22 intersected multiple zones of lower grade mineralization that correlate well with adjacent holes. Mineralization is still open and additional holes are planned.

 Three holes, NC15-14, 17 and 21, were drilled in the South deposit. NC15-17 was successful in expanding the down dip extension of the deposit by intersecting multiple zones of mineralization within the design pit.  NC15-14 was a follow up of NC15-02 and intersected 43.2 meters (141.8 feet @ 0.51% Cu), 35.4 meters true thickness. This mineralization opens up a new target on the property hosted within the McConnell Canyon Formation, stratigraphically below our current host units. Possible follow up drilling in the new host rock is under review.

Metallurgical Drilling: South Pit

In July, 2015 the Company also completed a metallurgical drill program consisting of 8,500 feet (2,600 meter) in the South open pit area that was primarily to obtain additional samples for iron metallurgical testwork. The assay results however also contained several notable high grade copper intersections, including 70.1 meters (230 feet) 57.4 meters true thickness grading 1.49% copper within a broader zone of 136.6 meters (448 feet) 119.9 meters true thickness grading 1.0% copper (see July 15, 2015 News Release).

Greg French, Vice President of Project Development & Exploration, commented, “The Open Pit drill program has proven to be very successful. Drilling continued to intersect and expand mineralization within, and adjacent to, the current pit limits. This also included expanding mineralization in the Connector zone which is expected to improve future pit designs.

 “In addition to expanding mineralization, several of the drill holes intersected shallow high grade mineralization thicker then adjacent holes. A good example is NC15-16 which intersected 38.7 meters (126.8 feet) averaging 1.29% copper thicker then adjacent hole N92-04 at 12.3 meters (70 feet) at 1.36% copper. Additional expansion in this area will have a positive impact on the mining grades in the early years.

 “The results from the recent program will be incorporated into the geological model which will have a positive effect on the measured and indicated classes of mineralization. It is evident that additional drilling is warranted as we continue to expand mineralization in the Connector zone, continue to expand open mineralization along the edges of the pit design, and continue the conversion of internal waste into mineral resources.  These areas of new mineralization are expected to have a positive impact on future pit designs by expanding our proven and probable mineral reserves and lowering strip ratio and related mining costs.”

The tables below summarize the final assay results.

 

  Hole #   From   To   Length True Length   Length   Cu   Gold   Silver Cu Equiv.*
(m) (m) (m) (m) (ft) % (g/t) (g/t) %
NC15-14 82.3 88.4 6.1 5.0 20.0 0.14 0.027 1.4 0.16
284.4 327.6 43.2 35.4 141.8 0.51 0.084 3.8 0.57
NC15-16 115.8 256.7 140.9 135.2 462.2 0.64 0.062 1.9 0.68
including 121.9 160.6 38.7 37.6 126.8 1.29 0.123 3.9 1.37
274.6 314.5 39.9 38.5 131.0 0.18 0.023 0.7 0.19
371.6 388.0 16.4 16.4 53.7 0.18 0.021 0.9 0.19
404.9 414.5 9.6 9.6 31.7 0.22 0.021 1.0 0.23
448.6 459.6 11.0 11.0 36.3 0.20 0.023 0.8 0.21
513.5 519.7 6.2 6.2 20.2 0.47 0.047 1.5 0.50
NC15-17 239.4 252.1 12.7 10.4 41.6 0.23 0.019 0.6 0.24
322.2 350.5 28.3 23.2 92.8 0.27 0.038 0.4 0.29
NC15-17 399.0 433.4 34.4 31.6 113.0 0.35 0.049 1.3 0.38
441.8 452.2 10.4 8.5 34.1 0.22 0.051 0.9 0.25
463.4 496.8 33.4 27.3 109.5 0.21 0.034 0.8 0.23
NC15-21 176.4 185.4 9.0 9.0 29.4 0.24 0.004 0.6 0.25
NC15-22 214.9 220.6 5.7 5.7 18.7 0.20 0.019 0.8 0.21
227.2 246.4 19.2 19.2 63.2 0.21 0.014 0.7 0.22
266.1 311.8 45.7 45.7 150.0 0.18 0.022 0.7 0.19
340.2 359.1 18.9 18.9 62.0 0.25 0.028 0.6 0.27
NC15-23 149.2 155.0 5.8 5.8 19.0 0.15 0.012 0.6 0.16

* Cu Equiv. used Cu $3.00, Au $1,200 and Ag $18; recoveries 89.3%, 67.3% and 57.3% respectively.

 

Cross-sections showing recent drill hole results in the open pit areas are shown below:

12

 

A plan map showing drill hole locations is shown below:

3

 Underground Drill Program

Two drills are currently working underground at the 1,900 foot production level. Ten holes will be drilled in the first phase for approximately 10,000 feet. The program consists of delineation and development drilling which will focus on further enhancing the high grade zones within the current mineral reserve, especially in areas planned for mining in the early years. Assays will be posted as results are received.

Management believes the program has the potential to improve the copper production grades in the early years and for continued expansion of mineralization, which remains open in several directions. Detailed geotechnical data is also collected for refining mine designs.

Additional Information

The Project, which is located entirely on private land near Yerington Nevada, is 100%-owned by Nevada Copper, and fully permitted for construction and operations.  The Project currently has proven and probable reserves of 5.05 billion pounds of copper, 760,585 ounces of gold and 27.6 million ounces of silver (see News Release dated May 28, 2015 for mineral reserve tonnages and grades).

The Company continues to advance its project financing options and expects that its fully-permitted status, and continued exploration success, will further enhance financing opportunities.

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and visit our Pumpkin Hollow virtual tour.

Qualified Persons

The technical information in this release has been reviewed and approved by Gregory French, P.G., Vice-President, Exploration & Project Development, Timothy D. Arnold, P.E., Vice President Operations, and Robert McKnight, P. Eng., Executive Vice-President and CFO of Nevada Copper, all of whom are Non-independent Qualified Persons within the meaning of NI 43-101.

 

NEVADA COPPER CORP.

  

Giulio T. Bonifacio, President & CEO

 

Cautionary Language

This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning:  expectations as to the results of the planned underground and surface drilling programs, as well as the Company’s plans in general at the Pumpkin Hollow Project.

 Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and mineral reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters.  Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.  Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

 Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: requirements for additional capital; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; unanticipated political events in the United States,  other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 17, 2015.  Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information.  The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended.  For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com

 The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

 

For further information call:
Eugene ToffoloVP, Investor Relations & Communications
Phone:     604-683-8266
Toll free: 1-877-648-8266
Email: etoffolo@nevadacopper.com
Robert McKnight, P.Eng., MBA
Executive Vice President  & CFO
Phone 604-683-1309
Email: bmcknight@nevadacopper.com

 

4-Nevada-Copper-Inc.-Pumpkin-Hollow-Project-570x257RIGHT PLACE.   RIGHT TIME.    RIGHT PEOPLE.   RIGHT WAY.

RIGHT FOR YERINGTON

 

NEVADA COPPER PUBLIC INFORMATION MEETING

JULY 22, 2015 – 6 PM – Pioneer Crossing Convention Center

 

Please join us for a public information meeting to learn about the Pumpkin Hollow Project.

On Thursday, July 9, Nevada Copper Corp. published a revised feasibility study that describes an integrated open pit and underground mine with a 70,000 ton per day process plant. Combined with the passage of the Yerington Land Conveyance by Congress in December 2014, the company sees the opportunity to develop the Integrated Project (2 mines, one mill) instead of a smaller underground mine and mill first and then a second open pit mine and mill.  The Integrated Project greatly enhances the attractiveness of and opportunity to finance the bigger project.  At the same time we have nearly completed receipt of all necessary permits to develop the integrated project.

With all of this progress, we believe it is a good time to conduct a public information meeting to let the local community know all the things we are doing and will be doing.  This includes safety, environmental and reclamation programs, management and use of groundwater and surface water, construction, mining and processing operations, and the most frequently asked questions about jobs, training and hiring.

Our goal is to ensure our mine is the safest and most productive mine with minimal impact on the environment.  We intend to convert mine facilities to other future economic uses and reclaim mine rock and tailings storage areas, and restore natural vegetation ……  A responsible approach to mining. 

Before Nevada Copper begins production and makes its first penny from copper, it needs to invest $1 billion!

We first must:

  • Complete the land conveyance and state permitting
  • Secure financing for the project
  • Complete the main production shaft to 2,160 feet below the surface
  • Sink a second ventilation-emergency egress shaft
  • Develop the underground mine access drifts (or tunnels)
  • Construct processing facilities
  • Construct water, power and road access, as well as shops and offices
  • Recruit and train a workforce for mining and milling operations
  • Obtain and assemble mine shovels, excavators and haul trucks and other equipment for mining
  • Initiate underground and open pit mining

All of Nevada will benefit from the taxes and jobs created by the Pumpkin Hollow Mine Project. Over the period of active production, the Integrated Project would create approximately 900-1,000 direct jobs. In addition, the mine will employ contractors (indirect jobs) and create other “induced” jobs such as local retail or service businesses, teachers and other public services. Total direct, indirect and induced jobs created by this project are estimated to be 3,000-3,500.

We at Nevada Copper, Pumpkin Hollow Project are committed to an on-going consultation with the Yerington community and to provide updated information on the progress of our project as it moves along.

“Right Place. Right Time. Right People. Right Way.”

 

 

 

Several tons of scrap steel has accumulated in the last couple years here at Pumpkin Hollow.  This is material from miscellaneous fabrication that is not suitable for construction but too good to throw in the scrap container.  Nevada Copper has donated this scrap metal to Yerington High School’s welding class for use by the industrial arts department welding program.  Welding teacher, Cody Neville said inventory of scrap metal was low and Nevada Copper’s donation helped supply for future classes.  The Pumpkin Hollow team is more than happy to help out future welders.

 

YHSscrapNCUdonation20150401rkm

This is one of four trailer loads Nevada Copper donates to the Yerington High School Industrial Arts Welding Program.

 

Welding teacher, Coach Cody Neville  help his students unload Nevada Copper's donation of scrap metal.

Welding teacher, Coach Cody Neville helps his students unload Nevada Copper’s donation of scrap metal.

YHS-NCUscrapMetaldonation20150401rkm

NCU-YHSscrapdonation2010401rkm

FUTURE WELDERS 

WELDING, AN IMPORTANT ROLE IN MINING

The philosophy of the welding program is to provide students the opportunity to learn about welding as an occupation and as a possible career choice. This will be accomplished through various types of metal welding, brazing, flame cutting, blueprint reading, electrical principles, welding symbols, mechanical drawing while emphasizing applied academics, leadership, organizational skills and professional development.

Metal fabrication involves cutting, altering and shaping steel or other materials through the use of different tools, techniques and processes. Welding is then used to fuse or join the metals parts together. Fabrication and welding projects can involve simple, basic techniques, or they can be highly specialized and complex. In this welding program, students develop skills in interpreting blueprints; creating the exact shape of a part for cutting, fabrication and welding; and producing quality parts through the use of different techniques and materials. They learn the basic skills necessary to program and operate computer-controlled press brakes and shears, plasma arc cutting machines and micro-processor-based power sources. The emphasis is placed on welding techniques and joining methods.   This program prepares students for jobs such as fabricator, laser operator, welder/press operator or welder.

Many opportunities exist internationally for welding professionals in the mining industry. Professions like that of a fabrication engineer, a professional welder, a boiler maker or a sheet metal worker, all involve a knowledge of welding. The mining industry in particular requires individuals who specialize as welding professionals.

Being a welder involves the construction and repairing of metal products. The class of the welder is directly proportional to the complexity of the tasks performed. For instance, a first class welder will use qualified procedures which determine the welding methods to use, joint preparations, the choice of consumables, level of preheat and nature of any post weld heat treatment. Related professions include that of boiler makers and sheet metal workers who can also follow a career in mining.

2015 is an exciting year at Pumpkin Hollow.  In addition to continuing to sink a 24-foot diameter 2,200 feet deep production-sized shaft and 700 feet of underground lateral development, the company has initiated a renewed exploration program.

The current underground drilling program is expected to commence in April and will consist of 26,000 feet (7,900 meters) of drilling. The East deposit has not been drilled since 2011. At that time, the company determined that with a reserve in excess of 13 years, there were sufficient reserves to support a decision to develop the underground mine and additional drilling would be more cost effective from underground drill stations.  Now that the production shaft has reached the 1,900 level and lateral development is underway, several underground drill stations can be set up and drilling conducted concurrent with completion shaft sinking to 2,160 feet. The deposit remains open in several directions and underground drilling will focus on enlarging the high grade zones and providing additional data for mine development design.

NCU-PresentationSlide16UG-Drilling20150301B

The open pit drill program has commenced. The drill program will focus on the important “saddle zone” located between the North and South deposits and areas of the North pit that, with success, will further enhance current copper grades and reduce the strip ratio. Drilling success in the saddle zone is expected to add copper pounds by converting what was previously considered waste (due to lack of drill data) into ore. The open pit program will focus on areas that will enhance the copper grades and reduce strip ratio (the ratio of quantities of mine waste rock to quantities of ore).

NCU-PresentationSlide21OP-Drilling20150301A

A team of geologists will be helped to implement the exploration program, primarily collecting additional geological and geotechnical information for the mine modeling.  In addition, the company will have 8 to 12 contract drill crews stationed in Yerington working on rotating shifts operating 24 hours per day, seven days a week.

 

1MackayCareerFair2015

Bachelors of Science, Mining Engineers, Tate Boyster and Axel Loehden inquire about employment at the Nevada Copper booth.

MackayCareerFair2015

Metallurgical Engineers sign-up for possible summer internship at Nevada Copper.

 

Nevada Copper participated in the Natural Resources and Environmental Science/Mackay School of Earth Sciences and Engineering Career and Internship Fair of 2015.  The NRES-Mackay School of Mines event took place in the Joe Crowley Student Union, University of Nevada, Reno on February 11, 2015.

This event provided an opportunity to meet and interact with the students majoring or interested in career fields such as environmental science, geology, mining engineering, metallurgical and related units.

Rita Kay Menesini, Nevada Copper’s Community Relations Coordinator says the students and graduates presented themselves in a most professional manner and showed much potential for future hiring.  She wishes each & every student the best.

A big thank you to Katia Albright, M.A., Coordinator of Career Development, Nancy Markee, Ph.D, Associate Professor Natural Resources and Environmental Science, and to Julie Stoughton, M.S., Lecturer and Academic Advisor Natural Resources and Environmental Science.  Also to everyone involved in organizing this beneficial event.

 

 

More time efficient permitting process to U.S. mining can lead the way to a more secure, prosperous and innovative future.  For more information, please check out these videos and links below.  Thank you.

http://mineralsmakelife.org/

NMAlogo

Here’s another resource on minerals moving America forward –

By Hal Quinn, contributor

http://thehill.com/blogs/pundits-blog/energy-environment/230402-minerals-and-metals-drive-america-forward

MineralsMakeLifelogo

Reno Gazette Journal’s Ray Hagar, ranked passage of Nevada’s Land Bill his number two top story in 2014. To see the full article visit Reno Gazette Journal or click here. The Nevada Lands Bill highlight is below.

B9315623968Z.1_20141223213348_000_G7C9GIN05.1-0

Nevada Copper ends this year with a jump start for 2015!

2. Massive Nevada land bills pass Congress: A collection of eight land bills that transfers 130,000 acres of federal land in Nevada to local control passed Congress after languishing in Washington for more than five years. A main part of this bill will transfer 10,400 acres of BLM land near Yerington to local control. It will jump-start Nevada Copper’s open-pit copper mining, leading to the creation of more than 3,000 direct and ancillary jobs in Northern Nevada. These bills probably would have never passed the U.S. Senate but Reid and Sen. Dean Heller, R-Nev., tied them to the Department of Defense appropriations bill. Copper, it was argued, is the second most-used metal in defense projects and Yerington is sitting on a ton of it. Plus the land transfers aids expansions of Nellis Air Force Base near Las Vegas and the Naval Air Station near Fallon.


 

 Please read the full article here

 http://www.rgj.com/story/news/politics/2014/12/23/red-wave-tops-nevada-politics/20839915/

 

NEWS RELEASE

TSX: NCU

U.S. SENATE AND HOUSE OF REPRESENTATIVES PASS LAND BILL0806-seante-house-capitol-senate-recess_standard_600x400 

December 15, 2014
U.S. Senate and House of Representatives Pass Land Bill


December 15, 2014   Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is extremely pleased to announce passage of the Yerington Land Bill (the “Bill”) by both the United States Senate and House of Representatives.Nevada Copper and the City of Yerington will now complete the acquisition of federal lands from the Bureau of Land Management within six months, as mandated in the Bill. Concurrently, Nevada Copper will move to complete the remaining Stage 2 State permitting by Q2-2015 which will allow for construction of the much larger 70,000 tons per day open pit mine, described below. Passage of the Bill is also expected to have major positive cost benefits for both the fully permitted, 6,500 tons/day Stage 1 underground mine development, currently in construction, and the Stage 2 open pit mine.

Land Bill 

The U.S. Congressional legislation authorizing the transfer of 10,400 acres of land from the federal government to the City of Yerington (“Yerington”) passed in the United States Senate on December 12, 2014 and the House of Representatives on December 5, 2014. The Bill was included in the National Defense Authorization Act (“NDAA”) as Section 3009, the “Land Conveyance to Yerington, Nevada”. The Bill will now go to President Obama for what is a routine signing before year-end.

The legislation requires that legal acquisition and transfer of the land to the City of Yerington must be completed by the Bureau of Land Management within 180 days of passage. During this period, Nevada Copper would work to complete the remaining two Stage 2 State permits. These are the Stage 2 Reclamation and the Air Quality Permits which will be modified to reflect the private land status. The Company and the City of Yerington have already been collaborating on work needed to meet that 180-day deadline and sets the stage for issuance of all key Stage 2 permits by Q2-2015.

Giulio T. Bonifacio, President and CEO, stated: “We are extremely pleased with the passage of the Bill as it will enable Nevada Copper to advance the much larger Stage 2 open pit project on an accelerated basis. With passage of the Bill our total proven and probable reserves1 of 5.2 billion lbs. of copper; 989,000 ounces of gold and 32.9 million ounces of silver positions Pumpkin Hollow as one of the very few large copper projects in the world that has a clear path to production while also being located in an ideal jurisdiction with existing infrastructure.

With permitting on Stage 2 effectively in hand we will now move forward with the completion of an updated and optimized feasibility study for our Stage 2 open pit operation which will further enhance project economics.”

Timothy M. Dyhr, Vice President, Environment and External Relations, stated:“Pumpkin Hollow has overwhelming support from Yerington, Lyon County and the State of Nevada, and has no environmental issues or land use conflicts. We want to thank the Nevada Congressional delegation, Nevada State officials, Lyon County, Yerington and the local community for their efforts and unwavering support during this time. The Company looks forward to partnering with Yerington to develop the mine and create the economy and jobs so desperately needed in this area.”

Stage 2 Open Pit Feasibility Study Update
As more fully described in the Company’s press release dated November 4, 2014 the Company will be updating its Stage 2 Open Pit Feasibility Study that was published in 2013. The update will include the results from 9,880 meters (32,414 feet) of additional drilling on the North Deposit. In Q2-2014, the Company decided to incorporate these drill results and ascertain if the data would improve the present mine design. In particular, drill hole NC12-34 as previously disclosed in a news release dated September, 13, 2012, on the southwestern edge of the North Deposit ultimate pit intersected 690 feet (210.3 meters), 625.3 feet (190.6 meters) true thickness, grading 1.17% copper, including 150 feet grading 3.80%. Another drill hole, NC13-05, disclosed in a news release dated June 17, 2013, along the western edge of the North deposit and not included in the 2013 Feasibility Study, intersected several zones including 125 feet (38.1 meters), true thickness, grading 1.45% copper.

The new information resulted in an opportunity to significantly improve the grade profile and reduce mine waste rock quantities by re-evaluating the pit shell in the North Deposit. Preliminary work to date on the mineral resource calculations and production schedule has demonstrated extremely positive results with respect to the copper grades and copper production in the early years, as well as overall life-of-mine copper grades. Management believes that the positive initial results support completion of an updated and optimized feasibility study for the Stage 2 open pit operation. The updated feasibility study will incorporate the new and updated technical and cost information on the Stage 2 project.

The results of this updated feasibility study are targeted for release in Q1-2015.

Readers are cautioned that until the updated feasibility study is completed, the implications of the copper grade, production increases and cost updates on the project, including the impact on project economics, cannot be fully determined.

Qualified Persons
The technical information in this release has been reviewed and approved by Gregory French, P.G., Vice-President, Exploration & Project Development, Timothy Arnold, P.E., Vice President Operations, and Robert McKnight, P. Eng., Executive Vice-President and CFO of Nevada Copper, all of whom are Non-independent Qualified Persons within the meaning of NI 43-101.

About Nevada Copper
The Company’s advanced stage Pumpkin Hollow project in Nevada consists of a fully permitted, 6,500 tons/day Stage 1 underground copper mine development, currently in construction, and a nearby Stage 2, 70,000 tons/day open pit mine copper project in the advanced permitting phase. Expected average copper production for the first five years is 75 million lbs./year from the Stage 1 underground mine, and 221 million lbs./year from the Stage 2 open pit mine. Total proven and probable reserves include 5.2 billion lbs. of copper; 989,000 ounces of gold and 32.9 million ounces of silver. The project is located near Yerington, Nevada, close to roads, rail, and power infrastructure, and with all future water supply requirements met.

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and the Pumpkin Hollow project website (www.pumpkinhollowcopper.com).

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

Cautionary Language


This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: receiving Stage 2 permits in mid-2015, expectations regarding the future results of the feasibility study update, as well as the Company’s plans in general at the Pumpkin Hollow Project.

Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and mineral reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: requirements for additional capital; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; unanticipated political risks in the United States, other risks of the mining industry as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 25, 2014. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper’s annual filings that are available at www.sedar.com.

The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

For further information call:
Eugene Toffolo
VP, Investor Relations & Communications
Phone:     604-683-8266
Toll free: 1-877-648-8266
Email: etoffolo@nevadacopper.com
Robert McKnight, P.Eng., MBA
Executive Vice President  & CFO
Phone 604-683-1309
Email: bmcknight@nevadacopper.com

1 The associated mineral reserve tonnages and grades are supported by Technical Reports filed on SEDAR and disclosed on the Company website at www.nevadacopper.com.

View the release in PDF format:

 
File: http://www.nevadacopper.com/i/pdf/2014-12-15_NR.pdf
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Silver Stage High School students visit the Nevada Copper, Pumpkin Hollow Mine Project's booth on their 2014 College/Career Day.

Silver Stage High School students visit the Nevada Copper, Pumpkin Hollow Mine Project’s booth on their 2014 College/Career Day.   Thank you Silver Stage students for your interest in Nevada Copper and the many great questions asked.

Silver Stage High School student checks out a sample of copper ore with a magnifying rock & mineral glass.

Silver Stage High School student checks out a sample of copper ore with a rock & mineral magnifying glass.

Next College/Career Day?  At Yerington High School, January 9, 2015.

 

 

Dayton High School student visit the Nevada Copper booth at the College Career day.

Over 60 Dayton High School students visit the Nevada Copper booth at the College Career day.

A variety of representatives and professionals came to Dayton High School on November 7, 2014 in support of the College/Career Day.  Representatives from colleges and tech schools, as well as military personnel, cosmetologist, government program workers and a mining representative were there to give the students the opportunity to ask questions and learn more about their educational and career opportunities. “It is a great program to be able to show the students what types of careers they might want to think about, and how to get the education or training those jobs require” said Rita Menesini, Nevada Copper’s Community Relations Coordinator.

Nevada Copper's Community Relations Coordinator ready to discuss the career opportunities working at the Pumpkin Hollow Mine Project and other Mines.

Nevada Copper’s Community Relations Coordinator, Rita Kay Menesini getting ready to discuss the career opportunities the Pumpkin Hollow Mine Project and other Mines have to offer.