Tag Archives: Nevada Copper

Nevada Copper's Safety Manager, Mike Weaver

Captain Safety!

Nevada Copper's Safety Manager, Mike Weaver

Nevada Copper’s Safety Manager, Mike Weaver

Mike Weaver, Nevada Copper’s Safety Manager is a great man to have around.

Mike started working for Nevada Copper on May 27, 2014 and is currently the trainer for the Nevada Copper/ Cementation USA Mine Rescue (MR) Teams. He started Mine Rescue in 1991 with Central Mine Rescue (CMR) located in the Silver Valley of North Idaho.  Mike trained CMR teams from above the Arctic Circle in Alaska to Tonopah, Nevada and the Stillwater Complex in Montana (from 1991-2010).  He also was Lead Mine Rescue trainer for Hecla – Greens Creek Mine in Alaska in 2010 and 2011 and a Mine Rescue trainer for U.S. Silver – Galena complex 2012, 2013 and 2014.

Mike holds certifications as a:  Mine Rescue Instructor, Advanced Mine Rescue Specialist, Confined Space Instructor (Rescue/Entry), Abandon Mine Specialist,  Dräger BG-4 (breathing apparatus) Maintenance Technician, Rope Rescue Instructor I, II and III, First Aid Instructor (Basic and Advanced) and ITX & MX-6 Technician (gas detection).

IMPROVING MINE SAFETY – MAIN FOCUS!

Nevada Copper's Safety Manager attended the Nevada Regional Mine Rescue Competition March 10-12, 2015.

Nevada Copper’s Safety Manager attended the Nevada Regional Mine Rescue Competition March 10-12, 2015.

Mine Rescue Competition

BG-Draeger 4 – Mine Rescue Competition

The Dräger BG-4 supplies the wearer with safe breathing air for up to four hours in IDLH (Immediately Dangerous to Life or Health) environments. The BG-4 gives the user time in extended-duration missions. Time to target, time to get the job done and time to get back safely. Commonly referred to as a rebreather, the closed-circuit breathing apparatus removes carbon dioxide, recycling unused oxygen and supplying fresh oxygen from a cylinder.

BG-Draeger 4

Dräger BG-4

 

MineRescue2015

Mine Rescue Competition 2015 – Emergency First Aid

Safety training is ongoing at the Pumpkin Hollow mine site.   Once a worker is certified on Mine Safety and Health Administration (MSHA) training, he or she still needs to take a refresher course once a year.  Before each shift change the underground crew has a safety briefing, a pre-shift equipment inspection and a miner’s work place inspection.  Nevada Copper is committed to safety because working safely is the right way to work.  We care about our employees and feel that they deserve a safe work place and a safety culture they can embrace at work, and bring home as well. 

We develop and maintain a site specific, comprehensive health and safety program. We emphasize proper implementation of our programs, and expect participation by all of our employees. We promote proactive health and safety programs and initiatives and will work towards the continuous improvement of those programs.

Remember – SAFETY IS A VALUE YOU CAN LIVE WITH!

 

lyon-country-lands-billNEWS RELEASE

TSX: NCU

NEVADA COPPER LAND PERMITTING AND LAND TRANSFER UPDATE

 May 13, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to provide an update on permitting, land transfer and conveyance at its 100% owned Pumpkin Hollow Project located near Yerington, Nevada.

Permitting

With completion of the land transfer and conveyance, all project activities will be regulated under Nevada State and local regulations and requirements.  Permitting for the underground mining and processing component of the project has been completed, and shaft sinking and underground development have been proceeding pursuant to the issued air, water, reclamation, including bonding, and other permits.

As of May 8, 2015 all permit applications necessary for the large open pit and underground Integrated Project have been submitted and are progressing according to plan.  This permitting involves modification of our existing State air pollution control and reclamation permits to allow for the larger open pit operation and a 70,000 tons/day concentrator. Prior to submission of those applications, Nevada Copper and its representatives have worked closely with the Nevada Division of Environmental Protection to assure that the applications met all State requirements. Modifications to the existing State permits are scheduled to be completed in Q3-2015.

Federal Land Transfer and Conveyance

Since passage by U.S. Congress of legislation (the “Act”) in December 2014 to authorize conveyance of approximately 10,400 acres of land to the City of Yerington (the “City”), Nevada Copper and the City have been working with the Bureau of Land Management (“BLM”) to expedite the land conveyance.  A Congressional decision to convey the lands is not appealable however there are several procedural reviews needed to complete the land conveyance. The BLM and the City have executed various agreements and all parties are working diligently and cooperatively to try to complete the land conveyance in Q3-2015.

Details of the activities and procedural reviews needed to complete the land conveyance are summarized below:

Land Survey, Appraisal and Patents

The BLM, with support from a Certified Federal Surveyor has completed the field survey of lands in the conveyance area, which provides the precise legal description for the deeds and the appraisal.

The Office of Valuation Services, the federal agency responsible for determining valuation, has approved a certified federal appraiser (the “contractor”) and issued appraisal instructions to the contractor. The contractor is expected to complete the appraisal by early June 2015.

The Nevada State Office of the BLM is preparing deed documents for the official conveyance.  Once these are completed a Federal Register Notice is published to notify the public of the closing of the conveyance.

Environmental Reviews

Several federal procedural reviews are needed to complete the land conveyance.  These include:

  • A National Environmental Policy Act environmental review. This relates only to the land being conveyed and is not related to Nevada Copper’s proposed mine operation or any other proposed future use of the land. The draft assessment, which has been completed and been released for public review, is expected to be finalized by early June 2015. The conveyance is nondiscretionary and under the Act the BLM must convey the lands to the City in accordance with the Act.
  • A Phase I Environmental Site Assessment – to identify any hazardous material/waste impacts and environmental conditions that may affect the property conveyance has been completed. The report did not identify any significant environmental hazards and primarily documented the presence of known exploration and historic mining activities.
  • Compliance with the National Historic Preservation Act (“NHPA”). There are no sites identified within the areas of mine development, and based on advice to the City, the BLM and the Nevada State Historic Preservation Office are working on a Memorandum of Agreement (“MOA”) to complete the NHPA review process by June 2015. Once the MOA is signed, the conveyance can be completed.

Tim Dyhr, Vice President of Environment & External Relations, commented, “We are very pleased with the progress and level of effort by the City, BLM and contractors to complete the necessary procedural aspects of the conveyance.  The City is in almost daily contact with the BLM to assure that all necessary resources are available to complete the transfer on a timely basis. The Nevada Congressional delegation is also in regular communication with the BLM to expedite the land transfer. In the meantime, we continue to advance final permitting for the open pit component of the project.”

 

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: management’s expectations of completion of the permitting and land acquisition in mid-2015, expectations as to the possible results of the Integrated Feasibility Study when completed, 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

 

The Pumpkin Hollow Project load haul dump (LHD), also known as a scoop tram, and a jumbo drill were hoisted down the shaft and put to work last week.

The 25,000 lb. LHD truck is a specialized loader manufactured for underground mining.   LHDs are used to load or scoop blasted mine waste rock and ore (known as ‘muck’ in the mining business), into the bucket, and haul it to an ore or waste pass or primary crusher before being hoisted to the surface.

Nevada Copper will be using the LHD to load muck from the lateral drifts (tunnels) under construction and transport it to the shaft.  The muck is then hoisted 1,900 feet up the shaft in buckets to the surface and then placed in a permanent mine rock storage area. The drifts will initially be used to access underground drill stations to further define and expand the boundaries of the mineral deposit. As the mine develops they will be used to access mining areas.  The drifts are 16 feet high by 16 feet wide, designed to eventually accommodate 30-ton underground haul trucks.LHD2

Prior to hauling the muck, the Drill Jumbo drills blast holes in the rock which are filled with explosives and then blasted. A scissor-lift truck has also been lowered down the shaft and will be used to bring down loose material after the blast to make the drift safe.  It will also be used to install the rock bolts and steel mesh that help reinforce the drift’s back (ceiling) and ribs (sidewalls), and to spray shotcrete and other operations.

A typical small jumbo drill

 

NEWS RELEASES

April 23, 2015
Nevada Copper Pumpkin Hollow Project Update


April 23, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce results for an initial three diamond drill holes from the current open pit drilling program and to provide a project update at the Company’s 100 percent owned Pumpkin Hollow project located near Yerington Nevada.

Highlights

  • Initial three drill holes yield strong results from new open pit drill program with particularly pleasing results from two new drill holes in the saddle zone between the North and South pits;
  • Underground drill program from 1,900 foot level to commence in May;
  • New integrated feasibility study results scheduled for release before the end of May;
  • Progress on federal land acquisition progressing according to plan with permitting progressing concurrent with land acquisition; and
  • MOU signed with large international steel company to assess opportunities to exploit Pumpkin Hollow’s significant iron ore resource.

Open Pit Drilling Results
Targeted drilling continues on the open pit deposit with the goals of testing the ultimate extent of the deposits, and identifying areas that may have economic copper mineralization but are currently categorized as waste due to lack of drill data.

The drill program which started in late February currently has three drill rigs on site. The current drill program will consist up to 74,000 feet (22,600 meters) of drilling. The first drill holes were drilled in the North Deposit to follow up open prospective areas identified in early 2013 drilling. Drill hole NC15-02 was drilled along the edge of the South deposit where mineralization was open. The table below summarizes the drilling results received for drill holes NC13-10; NC-15-01 and NC15-02. Assays for the remaining drill holes will be posted as results are received.

Greg French, Vice President of Project Development & Exploration, commented, “The current drill program is focused on the saddle zone mineralization located between the North and South pits and the open and inferred mineralized areas on the edges of the open pit deposits. The initial drill holes reported continue to expand mineralization. NC15-02 drilled along the southern portion of the South Deposit, discovered at shallow depths, a 125.5 meter zone averaging 0.42% copper. Mineralization remains open and the drill hole location in the current pit design is expected to upgrade currently classified waste material in that area.”

Drill hole NC13-10 was drilled in the Saddle Zone between the North and South open pit deposits. The mineralization correlates well with adjacent holes and bottomed in mineralization. This hole finished up a pre-collared hole from the previous 2013 drilling. The lower zone of intersected 62.4 meters (204.8 feet) true thickness averaging 0.27% copper and continues to push mineralization out and should convert mineral classification.

Drill hole NC15-01 also drilled in the Saddle Zone between the North and South deposits intersected two thick mineralized zones that correlate with adjacent holes but with slightly lower grade. The largest zone intersected 103.7 meters (340.3 feet) true thickness averaging 0.23% copper. There are also localized zones of high grade within low grade. The hole expanded mineralization within the present designed pit.

Drill hole NC15-02: South Deposit, intersected several zones of shallow mineralization along the southern edge of the deposit. The upper zones have expanded the existing mineralization. The lower zone 125.5 meters (411.7 feet @ 0.42% Cu), 88.7 meters (291feet) true thickness, is new, as several adjacent holes were only drilled as shallow pre-collars. Drill hole NC15-02 has expanded the mineralization. Follow up drilling for this expanded area and newly discovered mineralization is planned.

Hole # From
(m)
To
(m)
Length
(m)
True Length
(m)
Length
(ft)
Cu
%
Gold
(g/t)
Silver
(g/t)
Cu Equiv*
%
NC13-10 233.2 240.8 7.6 7.6 25 0.18 0.007 1.1 0.19
257.5 267.1 9.6 9.6 31.4 0.48 0.013 2.1 0.50
432.8 495.2 62.4 62.4 204.8 0.27 0.014 1.6 0.29
576.1 591.3 15.2 15.2 50 0.4 0.329 1.7 0.55
685.7 695.8 10.1 10.1 33.2 0.27 0.045 1.1 0.30
NC15-01 402.3 408.4 6.1 6.1 20 0.17 0.012 0.8 0.18
454.2 461.8 7.6 7.6 25 0.17 0.014 0.8 0.18
481.6 585.3 103.7 103.7 340.3 0.23 0.041 1.4 0.26
648.6 688.5 39.9 39.9 131 0.18 0.032 1.1 0.20
701 713.8 12.8 12.8 42 0.5 0.07 2.1 0.54
726.3 732.4 6.1 6.1 20 0.59 0.085 2.1 0.64
NC15-02 80.9 105.9 25  17.7 82.1 0.23 0.04 2.8 0.26
112.3 125 12.7 9.0 41.5 0.19 0.014 1.8 0.21
138.2 263.6 125.5  88.7 411.6 0.42 0.034 1.6 0.44
including  152.4 174.3 21.9  15.5 71.7 1.04 0.1 6.6 1.12

* Cu Equiv using Cu 3.00, Au $1200 and Ag $18; recoveries 89.3%, 67.3% and 57.3% respectively

A map showing drill holes location is shown below:


Underground Drill Program
Underground drilling of the East deposit is expected to commence in May 2015 from drill stations on the 1,900 foot level. The underground drilling program will consist of up to 26,000 feet (7,900 meters) 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. This drilling program will also provide additional data for mine development designs while expanding the open mineralized areas.

Management believes that the program has the potential to improve the overall copper production grades especially in the early years while also allowing for expansion of the combined Eastern underground copper reserve boundaries that remains open in several directions.

Integrated Feasibility Study
Significant progress has been made on the Integrated Feasibility Study (“IFS”) with results targeted for release on or before May 28, 2015. The IFS envisages a single, large 70,000 tons/day concentrator with dual sources of mill feed comprising an average of 63,500 tons/day of open pit ore blended with 6,500 tons/day of high grade ore from the Eastern underground deposits. The IFS will incorporate all available current information, including approximately 32,500 feet (9,900 meters) of new drilling data from 2012 and 2013, mine plans, engineering work and updated capital and operating costs for both the open pit and underground operations associated with this development.

Federal Land Acquisition and Permits
Since passage in December of Congressional legislation that authorizes the transfer of federal lands to City and private ownership, Nevada Copper has been fully engaged with the Bureau of Land Management (“BLM”) and the City of Yerington to complete the land conveyance. The necessary agreements between the BLM and the City of Yerington are now in place to allow for the many activities to proceed toward the purchase of approximately 10,400 acres of land under the legislation. These activities include surveying, land valuation, and including compliance of the acquisition with provisions of the National Historic Preservation Act and National Environmental Policy Act. Nevada Copper and its consultants are working closely with the BLM and supplying additional resources to them as necessary to expedite the sale process.

Upon closing of the land conveyance, the City will convey 6,430 acres of private land to Nevada Copper. Adding this acreage to the 1,560 acres of private land that Nevada Copper currently controls, means that the Company will have a total of 7,990 acres (12.8 square miles) available for the large scale integrated open pit and underground mine development.

Permitting of the large open pit and underground integrated project is continuing according to plan. This permitting involves modification of our existing State air pollution control and reclamation permits to allow for the larger open pit operation and a 70,000 tons/day concentrator. Permitting is scheduled to be completed by mid-2015 concurrently with closing of the land acquisition.

Iron Concentrate Study
The Company recently executed a Memorandum of Understanding (“MOU”) with a large multi-national steel producer to assess opportunities to exploit the large Pumpkin Hollow iron resource. Measured and indicated iron mineral resources total 395 million tons grading 32.1% iron using a 20% cutoff, as disclosed in a 43-101 Technical Report filed on SEDAR in 2013. The assessments would include drill sampling, mine planning, engineering studies and metallurgical work. These studies will determine if a byproduct magnetite (iron oxide) stream from the copper tailings at a future Pumpkin Hollow concentrator would be suitable as feed for downstream iron ore processing for use in steelmaking. Other work would focus how mining plans could be modified to deliver additional magnetite in the copper concentrator feed while minimizing loss of copper. Magnetite recovery circuits are not uncommon at copper operations which contain magnetite in their mill feed. Examples are the Candelaria IOCG mine in Chile and Glencore’s Earnest Henry mine in Australia.

Along with low cost power, Pumpkin Hollow has close proximity to rail infrastructure which is important for moving the larger tonnages associated with any future iron ore production. The possibility of adding iron revenues at minimal or no cost has not been factored into any previous feasibility studies, nor in the current IFS to be released in May.

Additional Information
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: management’s expectations of completion of the permitting and land acquisition in mid-2015, expectations as to the possible results of the Integrated Feasibility Study when completed, expectations as to any future revenues from an possible iron magnetite operation, 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 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

 

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 totaling 74,000 feet (22,600 meters) 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

To carry out this program, Nevada Copper has hired additional contract geologists to help with this year’s drill program. They will be helping 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.

Owen20150324rkm

Geologist, Owen Nicholls received his Masters at the Colorado School of Mines and has 8 years of exploration experience.  Owen grew up and worked in Alaska and Peru.  His duties at Nevada Copper are core logging and core rig management.  On his off time he loves snowboarding, fishing, hiking, camping and spending time with his fiancé and dog.

Shalane Crosland, Geologist

Geologist, Shalane Crosland has worked at North American Exploration as part of a field crew taking soil samples, claim staking and geophysical surveys across several Western United States. Shalane has also worked as a contracted geological technician at Kennecott Exploration and as a Rig Geologist for Agrium Idaho Mine on a phosphate project. Shalane is logging core samples and testing rock strength and fracture analysis at Pumpkin Hollow. She loves to run, hike, camp, weight lift and play with her dog.

Reid Yano has his Bachelors of Science in Geology from Washington State University and his Masters of Science in Geology from the University of Nevada-Reno. He worked as an exploration geologist for Pathfinder Mineral Services in Alaska and as a contract geologist for various companies. His duties included site evaluations, model generation, report writing and chip logging. He logs core samples and does minor drill management at Pumpkin Hollow. He enjoys touring National Parks, camping, gardening, snowboarding and time with his family and pets.

Geologist, Kurt ParkerGeologist, Kurt Parker is no stranger to Mason Valley.  He has worked on Pumpkin Hollow and Entree Gold’s Ann Mason Project.

After graduating with a BS in Geology from Western Washington University in 2005, Kurt spent the first 2 years as a materials inspector working in soils and concrete in the Bellingham, WA area in the commercial construction business. Since 2007 he has worked in the minerals exploration and mining industry. His career has taken him from the western US to Alaska, Tajikistan and Chile.  In 2009, he joined the Nevada Copper team working on the first of many subsequent drill programs.  Kurt says the diversity of job types has made his career ever exciting, with work in gold and copper, in placer and lode drilling, in remote helicopter accessed terrain, to open pit, and now underground work.  He also stated that geologic logging has been a staple throughout his career and he is excited to contribute to the development at Nevada Copper’s Pumpkin Hollow Project.

 

On February 26, 2015 the Nevada Mining Association personally invited the mining industry of Nevada to show the unity and diversity of mining to the Nevada lawmakers.

LCBBldgDusk

Nevada Legislature – Carson City Nevada

Dana Bennett, President of Nevada Mining Association hosted a “Mining Day” that consisted of a Nevada Legislature tour, a government affairs briefing, meetings with the Nevada lawmakers,       Q & A and a reception at the Governor’s Mansion.  Nevada Copper, along with other mining companies, vendors and suppliers had the pleasure of attending this event.  Thank you to all those involved in the “Mining Day at the Nevada Legislature”.

Dana Bennett, President of the Nevada Mining Association

Dana Bennett, President of the Nevada Mining Association

 

Guest Speaker, Sara Bonakdar, International Business Manager for the Nevada Governor's Office of Economic Development

Guest Speaker, Sara Bonakdar, International Business Manager for the Nevada Governor’s Office of Economic Development

Dylan Shaver, Director of Public Affairs for the Nevada Mining Association

Dylan Shaver, Director of Public Affairs for the Nevada Mining Association

Minesite20150203A-rkm

NEWS RELEASE

                                                                                                                         TSX: NCU

 

Nevada Copper achieves major MILESTONE

February 26, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce that it achieved a major milestone at its Pumpkin Hollow project by way of reaching the 1,900 foot main haulage level at its 24-foot diameter concrete-lined production sized shaft.

A concrete-lined production shaft to the level of the main workings further de-risks the Pumpkin Hollow project and was defined as project milestone in early 2011. During 2012, after the official ground breaking in February, shaft related construction activities included: shaft foundation (“sub-collar”); “pre-sink” to 99 feet; installation of a production-sized hoist and control room; erection of a permanent head-frame; plus related surface facilities. Early in 2012, management made a decision to forego a temporary sinking hoist arrangement and take the additional time to purchase and construct a production-sized hoist, hoist control room and erect a permanent head-frame. This decision is expected to accelerate future project construction activities.

In May 2013 with all facilities in place and operational with the “pre-sink” completed, shaft sinking resumed below 99 feet.  During progress of the shaft towards the 1,900 foot main haulage level, an effective dewatering program was implemented.  This consisted of drilling two fully commissioned dewatering wells (1,500 and 2,070 feet deep), with water disposal by way of eight permitted rapid infiltration basins, and summer agriculture irrigation.

While the 1,900 foot level milestone was delayed from our initial estimate, it was delivered within an acceptable timeframe considering the Company’s decision to purchase a production-sized hoist and erect a permanent head frame.

Nevada Copper will now move forward with approximately 700 feet of lateral development on the 1,900 foot main haulage level and construction of drill stations for purposes of locating and expanding high grade ore to enhance an already high grade profile. The lateral development will also establish key work areas underground for future development, and provide for future access to the East ore zones. Drilling was suspended on the underground deposits in 2011 in view of the then-outlined proven and probable mineable reserves with a view of resuming drilling upon accessing the main haulage level. The current underground drilling program is expected to commence in April and will consist of 26,000 feet (7,900 meters) of drilling.

The shaft is currently within the host skarn related rocks where little or no water is reporting to the bench.  Good ground conditions are expected for the lateral development work.  As lateral development and drilling continues on the 1,900 level, the shaft will be deepened first to 2,050 and then to its final depth of 2,150 feet.  At the 2,050 level, lateral development around the shaft will provide for a station and development to the west and north in Q3-2015.  In addition, a temporary sump will be cut out at the level (which will be used for temporary storage, equipment safety bay, and eventually become the bottom of a waste pass). The lateral development work is the minimum necessary in order to continue sinking the remainder of the shaft, while still allowing for equipment delivery to the 2,050 level for future mine development.

About Nevada Copper

The Company’s advanced stage Pumpkin Hollow project in Nevada consists of a fully permitted, 6,500 tons/day underground copper mine development, with the main shaft in construction, and a nearby 70,000 tons/day open pit copper project with permits expected in Q2-2015.  Projected average copper production for the first five years is 75 million lbs./year from the Stage 1 underground mine, and 220 million lbs./year from the Stage 2 open pit mine.  The project is located near Yerington, Nevada, close to road, 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 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: management’s expectations of the production shaft reaching the 2,150 foot level, and the timing of the planned lateral development work, expectations as to the results of the planned underground drilling program 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 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 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 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

 

Significant Facts for the number 1776:

Declaration-of-Independence-Day1776

1. Declaration of Independence Day – July 4, 1776

According to popular legend the Liberty Bell rang for the 2nd Continental Congress two hundred and thirty nine years ago, on July 4th, 1776. US Congress proclaimed the Declaration of Independence and independence from Britain.


FreedomTower

2. One World Trade Center

The top floor of the One World Trade Center marks 1,776 feet high, making it the tallest building in the Western Hemisphere by pinnacle height and the third-tallest building in the world.

Click here for a virtual panoramic view.  This view gives a good perception of how deep the Pumpkin Hollow shaft is of 1,776 feet below surface at the mine site.

NY_buildings_diagram_432_Park_Awenue_comparison__with_one_world_trade_ceters_and_empire_state_building_on_architecture_beast_01

The One World Trade Center soars over Lower Manhattan with 104-stories and sits where the twin towers did, not only honoring the 3,000 lives lost in the terrorist attacks of 9/11, but also serving as a reminder of the resiliency and resolve of the American people.


1776-20150206

4. Pumpkin Hollow Shaft Reaches 1,776 feet deep

Recently, the shaft at Pumpkin Hollow reached a depth of 1,776 feet deep.  We believe this is significant and symbolic of the progress that Nevada Copper is making in developing  Pumpkin Hollow Mine.  The shaft is now moving closer to production of copper, a strategically important metal, here in the U.S.

The 24-foot diameter, vertical production shaft will have an ultimate depth of 2,160 feet deep and is being constructed by Cementation USA Inc. for Nevada Copper.

ShaftBriefingRKM20150206

Cementation, Inc., Area Superintendent Tim Goodell briefs Nevada Copper’s Community Relations Coordinator, Rita Menesini about certain specifications on the shaft. In the background is Nevada Copper’s, Pumpkin Hollow Project Safety Manager, Mike Weaver.

CemenationUG- 1976Crew20150206

Cementation underground crew in this picture from left to right is Jose Justo, James Webb, Steve Ramirez, Kyle Kelly and Troy Thorn standing in front of the 1776 shaft depth marker.

 

 

 

 

 

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.

 

 

Timeline_Cover_doNotRename43NEWS RELEASE

TSX: NCU

Nevada Copper PUMPKIN HOLLOW project update

 February 10, 2015 – Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to provide an update and summary of project activities for 2015 on its 100% owned Pumpkin Hollow Copper Project (“the Project”), located near Yerington, Nevada.

Highlights:

  • Land conveyance and final permits expected by June:
    • Passage of the Yerington land bill was signed into law by President Obama on December 19,2014 and directs the conveyance of 10,400 acres of Federal land to the City of Yerington within 180 days as prescribed by law;
    • Binding agreements were executed with the City of Yerington on February 9, 2015 to formalize the details of the land conveyance from the City to Nevada Copper;
    • Nevada Copper will acquire private ownership of all Federal land surrounding Pumpkin Hollow which will consolidate the entire Project within a privately held land position where the required permits will be under State jurisdiction and not Federal; and,
    • Receipt of all key State permits for the open pit operation are expected by June by way of revisions to the current Reclamation and Air Pollution Control permits;
  • Integrated Feasibility Study launched – With the passage of the Land Bill and receipt of permits expected by June 2015, the previously announced Stage 2 Open Pit optimization and updated Feasibility Study (see November 4, 2014 News release) has been modified to allow for the inclusion of high grade supplemental mill feed from the East and E2 underground deposits (“Integrated Feasibility Study”);
  • Shaft approaching completion - At the Eastern underground development, the production sized shaft is at a current depth of 1,806 feet – over 95% complete towards the main 1,900 foot haulage level which is expected to be reached in the next few weeks;
  • Open pit and underground drilling programs:
    • 26,000 feet (7,900 meters) of drilling from underground drill stations is expected to commence in May; and,
    • 74,000 feet (22,600 meters) of open pit drilling has commenced.

Giulio Bonifacio, President and CEO, stated: “With successful passage of the Land Bill, and with open pit permits expected by June, Nevada Copper can now consider a large scale project development with a single large concentrator with mill feed from an open pit supplemented by high grade underground ore. We will continue to preserve our development options with respect to a staged development versus a single large integrated project, until such time as we have the results of the Integrated Feasibility Study and can determine our optimal strategy going forward. In either case, first production is targeted for late 2016, early 2017, subject to completion of financing arrangements.

 We are also very excited about the commencement of our open pit and underground drilling programs which will focus on enlarging the high grade zones within the current reserve, especially in areas planned for mining in the early years, and will provide additional data for mine development designs while also expanding the open mineralized areas.

 Federal Land Conveyance and Open Pit Permitting

On December 19, 2014, President Obama signed into law a bill that contained provisions directing the Secretary of the Interior to convey 10,400 acres of Federal lands surrounding the Pumpkin Hollow project to the City of Yerington by June 17, 2015 (180 days is specified in the legislation). With funding provided by the Company, the City will acquire the land and, under our agreements with them, immediately re-convey most of the land to Nevada Copper at no additional cost.

Nevada Copper is working closely with the City of Yerington to advance the Federal conveyancing process and, in expectation of a successful closing in June, is concurrently completing the revisions to the current Reclamation and Air Pollutions Control State permits for a large open pit development, setting the stage for issuance of all key open pit permits by June 2015.  All permits for the underground operation are currently in place.

 In anticipation of closing the land conveyance in June, binding agreements were executed with the City of Yerington on February 9, 2015.  These agreements formalize the funding mechanisms for the acquisition and the obligations of the City to Nevada Copper.

Integrated Feasibility Study

With passage of the Land Bill and no Federal permit requirements, the Company expects receipt of all State permits for a large Stage 2 open pit project in Q2 2015. Early delivery of these open pit development permits strongly suggests reorienting the current engineering work on the open pit feasibility study towards a single, large 70,000 tons/day concentrator with dual sources of mill feed rather than proceeding by way of a staged project (6,500 tons/day Stage 1 underground project followed by a 70,000 tons/day Stage 2 open pit project).  Mill feed will comprise an average of 63,500 tons/day of open pit ore blended with 6,500 tons/day of high grade ore from the Eastern underground deposits.

The previous open pit mining plans for the Stage 2 North open pit demonstrated a production profile with higher- than-average copper grades (0.5% to .6%) in the early years (see 2012 Stage 2 Feasibility Study filed on SEDAR).  The addition of higher grade mill feed (plus 1.75% copper) from the Eastern underground deposits will further improve mill feed grades in the important early production years.  The enhanced mill copper feed grades, coupled with elimination of the capital required for the smaller 6,500 tons/day mill proposed for the standalone Stage 1 underground project, are anticipated to provide better capital efficiency and overall better project economics.

After the Stage 2 Open Pit Feasibility Study was completed in 2013, results from 9,880 meters (32,414 feet) of additional drilling on the North Deposit were received.  In Q2-2014, the Company decided to incorporate these drill results to 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 3.8% 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 positive results with respect to the copper grades and copper production in the early years, as well as overall life-of-mine copper grades.

The 70,000 tons/day Integrated Feasibility Study will incorporate all available current information, including new drilling data, mine plans, engineering work and updated capital and operating costs for both the open pit and underground operations associated with this development.  Completion of the Integrated Feasibility Study is targeted for April 2015.

Readers are cautioned that until the results of the Integrated Feasibility Study are available, the implications of the copper grade, production increases, addition of high grade underground ore feed, cost updates on the Project, and the impact on Project economics, cannot be fully determined.

Eastern Underground Deposits: Main Shaft & Lateral Development Plans

The circular 24-foot diameter concrete-lined production sized shaft is currently at the 1,806 foot level – over 95% of the way towards the main 1,900 haulage level.  The shaft continues to progress through dry ground with water inflows controlled by two fully commissioned dewatering wells.

Reaching the 1,900 foot haulage level is expected in the next several weeks.  About 700 feet of lateral development will then commence on this level to establish setup locations for delineation and development drilling, and to provide for future access to the East ore zones. As lateral development continues, the shaft will be deepened to its final depth of 2,160 feet.

Open Pit and Underground Drilling

The East deposit has not been drilled since 2011 and the deposit remains open in several directions. With a reserve in excess of 13 years it was determined that additional delineation and development drilling would be more cost effective from underground drill stations once the production shaft reached the 1,900 level.

The underground drill program totaling 26,000 feet (7,900 meters) is expected to commence in May after reaching the 1,900 level in late February, and after excavation of sufficient lateral development to establish drill stations. The planned underground drill program will focus on enlarging the high grade zones within the current reserve, especially in areas planned for mining in the early years, and will provide additional data for mine development designs while expanding the open mineralized areas.

Management believes that the program has the potential to improve the overall copper production grades especially in the early years while also allowing for expansion of the combined Eastern underground copper reserve boundaries that remains open in several directions.

The open pit drill program totaling 74,000 feet (22,600 meters) has commenced with drilling results being reported as they become available.  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 into ore that which was previously considered waste due to lack of drill data.

Financing Update

Nevada Copper has a cash balance of US$36 million as at December 31, 2014. The Company also has US$110 million remaining as the undrawn portion of its Red Kite secured loan facility (see December 30, 2014 News Release).  The final draw of the latter loan facility is subject to certain conditions, including completion of the shaft and arrangement of the balance of funding of Stage 1 project capital.  Nevada Copper also has an available US$24 million Caterpillar Financial equipment lease finance facility available for mobile equipment purchases.

The Pala bridge loan facility has recently been extended to April 26, 2015.

About Nevada Copper

The Company’s advanced stage Pumpkin Hollow project in Nevada consists of a fully permitted, 6,500 tons/day underground copper mine development, with the main shaft in construction, and a nearby 70,000 tons/day open pit mine copper project with permits expected in Q2-2015.  Projected average copper production for the first five years is 75 million lbs./year from the Stage 1 underground mine, and 220 million lbs./year from the Stage 2 open pit mine.  The project is located near Yerington, Nevada, close to road, 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 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: management’s expectations of the production shaft reaching the 1900 foot level in Q1-2015, expectations as to the possible results of the Integrated Feasibility Study when completed, expectations as to the results of the planned underground and surface drilling programs, completing the land conveyance and receiving Stage 2 permits by June 2015, 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 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