|
|
| |
|
|
Nevada Copper files technical report for Pumpkin Hollow Copper Project-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
12/6/2017 Copper exhibition -non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Nevada Copper Corp announced that it has completed, and SEDAR-filed, a Technical Report prepared in accordance with National Instrument 43-101 for its 100%-owned Pumpkin Hollow Copper Project located near Yerington, Nevada. The Technical Report, entitled ¡°NI43-101 Technical Report: Pumpkin Hollow Development Options - Pre-feasibility Study 5,000 tons/day Underground Project; Feasibility Study for a 70,000 tons/day Open Pit/Underground Project¡±, has an effective date of September 15, 2017.
The Technical Report discloses the proposed development of a 5,000 tons/day underground project (the ¡°Underground Project¡±) at a preliminary feasibility level. This is the primary focus of the Technical Report.
The Technical Report also includes feasibility-level information on the potential development of a large 70,000 tons/day mine at Pumpkin Hollow with feed mainly from the nearby open pit deposits, but also from the same Mineral Resources as accessed in the Underground Project. This is referred to within the Technical Report as the Integrated Project. The Integrated Project, that was originally disclosed in a NI 43-101 2015 Feasibility Study Technical Report for which the scientific and technical information is materially unchanged, remains a viable development option.
The Pumpkin Hollow Property encompasses the only fully-permitted copper project of scale in the United States, comprising two potential copper projects both of which are disclosed in the Technical Report:
1. The high-grade Underground Project; and
2. The Integrated Project, a large scale open pit and underground project with reserves of 5 billion pounds of copper, 0.76 Mozs. of gold and 27.6 Mozs. of silver1.
The two projects, which are mutually exclusive and are each viable development options, benefit from over USD 220 million of prior expenditures which funded a significant amount of engineering work and technical studies, and construction of a production-sized headframe and hoist, warehouse, a 1,900 foot deep, 24-foot diameter concrete-lined production size shaft and over 600 feet of lateral development.
The PFS for the Underground Project leverages upon the substantial existing infrastructure at the site, including power, water, road access, plus a production shaft and lateral mine development. The objective of the PFS has been to optimize the previously-defined underground portion of the Mineral Resources at Pumpkin Hollow with a focus on:
1. Reduced capital cost;
2. Higher mined ore grades;
3. Reduced operating cost profile;
4. De-risked construction plan, including brownfield assets, EPC construction approach and contract mining during ramp-up; and
5. A philosophy on focusing on ¡°margin-over-tons¡±, while maintaining expansion and extension optionality.
-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
-Non-Ferrous Metal exhibition, 2018
Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2018 Non-Ferrous Metal
expo, Copper exhibition, Copper expo, 2018 Copper exhibition, 2018 Copper expo,
China Copper exhibition, China Copper expo
|
|
|
|
|
