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Nevada Copper Corp. (TSX:NCU) announced receiving positive feasibility study results for its Pumpkin Hollow project. The Company announced that they plan to release another separate feasibility study in early 2013.
Feasibility study highlights include:
The project development consists of a 6,500 ton-per-day underground operation at the East deposit, feeding a single 6,500 ton-per-day concentrator located near the East shaft;
First production targeted for early 2015, with an initial mine life of 12 years;
Nevada Copper, President and CEO, Giulio Bonifacio, commented:
We are extremely pleased with the results of this Feasibility Study. This Study demonstrates a robust Stage 1 underground project that has further upside and does not require any Federal permits. In our view, Stage 1 is both financeable by Nevada Copper with minimal dilution, while also providing a clear path towards development of a much larger open pit operation while allowing us to move to production by early 2015.
Click here to read the Nevada Copper Corp. (TSX:NCU) press release