I received this from Nevada Copper, our friends next door to Ann Mason -
November 7, 2008 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or “Company”) is pleased to announce exceptionally high grade copper-gold drilling results from the Company’s E2 and East Deposits at its Pumpkin Hollow Copper Development Property located in Nevada. These results represent initial assays from the Company’s recently completed 2008 drilling program which totaled over 26,000 meters of resource, geotechnical and hydrological drilling. To date, results from only 23 of 71 holes drilled have been received and reported. An updated resource estimate is scheduled to be completed by the first quarter of 2009.
“Nevada Copper’s Project Team continues to deliver exceptional stepout and infill drilling results at Pumpkin Hollow,” stated Joe Kircher, Vice President and COO of Nevada Copper “The high grade copper and gold results reported here from the E2 and East underground deposits demonstrates strong continuity, thickness, expansion potential and high grade nature of the deposits. These characteristics will positively contribute to the already robust economics of the project.”
Specifically drill hole NC08-28 intersected 46.5 meters (152.5 ft), 32.6 meters true thickness, averaging 2.50% copper and 0.514 g/t gold. NC08-28 was drilled to test the up-dip extension of KM-44 (48.5 meters averaging 3.41% copper). Within this intercept, NC08-28 contained 29.2 meters (96 ft), 20.5 meters true thickness, with mineralization averaging 3.36% copper and 0.720 g/t gold. The drill hole confirmed copper mineralization continuity and will result in resource expansion up dip.
PMH Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held