The Conversation (0)
Nevada Copper Corp. (TSX:NCU) announced a 1.1 billion pound increase of total measured and indicated copper resource to 6.8 billion pounds in its updated National Instrument 43-101 mineral resource estimate for the Pumpkin Hollow Property in Nevada.
As quoted in the press release:
The following are highlights of the new mineral resource estimate, compared to the previously published January 2011 resource estimate. The new resource estimate is based on drill results from October 2010 to August 2012. The details of tonnage and grades are contained in the resource tables below.
- 26% Increase of the M&I copper resources for the Western Deposits – increasing by 1.1 billion pounds to 5.4 billion pounds (0.15% cutoff);
- 30% Increase of the M&I copper resource in the North Deposit – increasing by 820 million pounds to 3.5 billion pounds (0.15% cutoff);
- 20% Increase of M&I copper resources in the South Deposit – increasing by 315 million pounds to 1.9 billion pounds (0.15% cutoff);
- 1.1 billion pound increase of Total M&I copper resource to 6.8 billion pounds for the combined Western and Eastern Deposits from 5.7 billion pounds (0.15% cutoff – Western Deposits; and 0.75% cutoff – Eastern Deposits);
- Total Inferred copper resource of 1.7 billion pounds for combined Western and Eastern Deposits (0.15% cutoff – Western Deposits and 0.75% cutoff – Eastern Deposits);
- 16% Increase of the M&I Iron Resource for the Western Deposits increasing by 17.8 million tons to 129 million tons of contained iron (20% cutoff); and,
- Significant Increase in the Inferred Iron Resource for the Western Deposits increasing by 19.9 million tons to 27.6 million tons of contained iron (20% cutoff).
Click here to read the Nevada Copper (TSX:NCU) press release