Multiple New Copper Targets And Near-Surface Copper Intersects At Pumpkin Hollow
RENO, NV - Nevada Copper Corp. reported the identification of multiple new copper targets at its Pumpkin Hollow Project and the intersection of shallow copper mineralization of grades up to 0.9% Cu in structural reconnaissance drill results, including indicators of a potential porphyry-style target and grab samples as high as 6.2% Cu at surface.
Exploration Program Highlights: Significant expansion and consolidation of strong land position in re-emerging copper camp: Increased land holdings by over 30%, adding over 5,700 hectares to Nevada Copper’s strong land position; Identification of multiple new copper targets: Multiple targets have been identified across Company’s land holdings, including surface and near surface copper samples and drill hole intersections; Indicators of porphyry potential in previously untested areas: Initial reconnaissance drilling intended to provide information on structural geology has intercepted significant copper grades with porphyritic signatures. Drilling has occurred within 2km from current underground mine. The porphyry system signatures are important, as the existing underground and open pit deposits are skarn/IOCG-style1 deposits, the source of which is expected to be an undiscovered porphyry system; and Ongoing systematic brownfield exploration plan advancing: Recently completed aero-mag survey and surface reconnaissance continues to direct activities for coming months in order to further advance high-potential targets from this work as well as broader understanding of the geophysical results from known deposits across Nevada Copper’s large land package.
Matt Gili, Chief Executive Officer, said, “Having transitioned to producer status our primary focus in the first half of 2020 will be ramping up to full commercial production, however, we will also continue advancing our regional growth strategy. Exploration results to-date have been extremely encouraging, with multiple new targets identified across our large property, and we have increased our land position significantly. Although our exploration program is at an early stage, we are very encouraged to have hit mineralization with porphyritic signatures in multiple holes. Our exploration approach is designed to leverage our substantial organic growth profile and our strong position in the re-emerging Yerington copper district. It is pleasing to continue to see that our successes to date are in line with this strategy and we look forward to working closely with our community as we invest in the development of Yerington, Nevada.”
During the course of 2019, the Company has continued to consolidate its strong land position across the Yerington district, guided by regional geological analysis. The land package has been increased by over 30% and now encapsulates a majority of the Eastern Yerington district - a re-emerging US copper camp. As previously announced, Nevada Copper has now completed construction of the only mineral processing facility in the Yerington district, and is permitted for production of up to 70,000 tpd.
The company’s address is 100 W Liberty Street, Suite 765, Reno, NV 89501, (775) 277-3127, www.nevadacopper.com.