VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec 5, 2012) - Nevada Copper Corp. (NCU.TO) ("Nevada Copper") is pleased to announce that drill contracts have been signed for follow-up drilling of the NC12-34 area from its 100% owned Pumpkin Hollow Property located near Yerington, Nevada. It is expected that drill mobilization will commence later this month. The initial phase of the drill program will total 5,000 meters.
The mineralization discovered in the NC12-34 area is located along the southern edge of the North Deposit where mineralization remains open in several directions. Drill hole NC12-34 targeted the expansion of the main mineralized zone, intersecting 690 feet (210.3 meters), 625.3 feet (190.6 meters) true thickness, grading 1.17% copper.
Assays results for drill hole NC12-34 were received after the recently-released updated "Western Deposits" resource. The new measured and indicated copper resource increased by over 1.1 billion pounds to 5.4 billion pounds of copper as described in News Release dated September 7, 2012. Drill hole 12-34 mineralization is just outside the current National Instrument 43-101 Feasibility Study ultimate pit limits for the North and South pits.