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Last C$1.90 CAD
Change Today +0.01 / 0.53%
Volume 37.3K
NCU On Other Exchanges
As of 3:06 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

nevada copper corp (NCU) Snapshot

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07/10/14 - C$2.83
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nevada copper corp (NCU) Details

Nevada Copper Corp., a development stage mining company, identifies, acquires, explores for, and develops copper and other mineral properties primarily in the United States. It explores for copper, gold, silver, and iron ores. The company primarily focuses on the development of its 100% owned Pumpkin Hollow property covering an area of 1,388 acres, located in north-western Nevada. Nevada Copper Corp. is based in Vancouver, Canada.

7 Employees
Last Reported Date: 03/23/15

nevada copper corp (NCU) Top Compensated Officers

Founder, Chief Executive Officer, President, ...
Total Annual Compensation: C$181.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$126.3K
Compensation as of Fiscal Year 2013.

nevada copper corp (NCU) Key Developments

Nevada Copper Corp. Provides Project Update at Pumpkin Hollow Project Located Near Yerington Nevada

Nevada Copper Corp. announced 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% owned Pumpkin Hollow project located near Yerington Nevada. 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. 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 large 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. 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.

Nevada Copper Corp. Auditor Raises 'Going Concern' Doubt

Nevada Copper Corp. filed its Annual on Mar 23, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Nevada Copper Corp. Announces Updates on Pumpkin Hollow Project

Nevada Copper Corp. announced 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; "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. 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.


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