Nevada Copper Releases Q2 Financials and MD&A; Underground Project Remains on Schedule to Enter Production in Q4, 2019
August 08 2019 - 6:04PM
Nevada Copper Corp. (TSX: NCU) (“
Nevada
Copper” or the “
Company’’) announced
today that it has completed, and SEDAR-filed, its quarterly
financial statements and management’s discussion and analysis for
the three and six months ended June 30, 2019. Additionally, the
Company confirms that its Pumpkin Hollow underground copper project
(the “Underground Project”) remains on target to commence
production in Q4, 2019.
Construction Progress
Update
Recent video footage of progress and further
construction details can be viewed on the Nevada Copper blog.
- Underground Project development proceeding
well:
- Total Lateral development to date has now advanced 6,000 feet
on both levels.
- Alimak has advanced vertically 108 feet and is developing the
3000 level loading pocket.
- Several mining fronts continue to make progress, including:
3000 central ramp, 2900 geotechnical stope access, 2770
geotechnical stope access, 2770 ventilation raise access and 2770
COB access.
- East North ventilation shaft vertical development has advanced
over 1000 feet.
- Surface infrastructure and processing equipment at the
Underground Project advancing to plan:
- Mechanical fit out of the Sag and Ball mill continues on
schedule
- All flotation cells have been installed
- The 120 KV substation is complete
- Coarse ore feeder hopper retaining wall and foundations
complete
- Process plant pipework installation is 75% complete
- 120 KV power pole installation along 4-mile corridor is 50%
complete
Construction Activity
Images
https://www.globenewswire.com/NewsRoom/AttachmentNg/e9f53eee-15f0-4e12-8dc0-c92885dd844d
https://www.globenewswire.com/NewsRoom/AttachmentNg/e3065a1b-1939-4e15-a91b-22010117a618
Please visit our website at www.nevadacopper.com
for more construction progress photos and additional project
information.
Qualified Persons
The information and data in this news release
was reviewed by David Swisher, P.E., SVP of Operations for Nevada
Copper, who is a non-independent Qualified Person within the
meaning of NI 43-101.
About Nevada Copper
Nevada Copper’s (TSX: NCU) Underground Project
is in construction with a view to commencement of copper production
in Q4, 2019. Located in Nevada, USA, Pumpkin Hollow has substantial
reserves and resources including copper, gold and silver. Its two
fully-permitted projects include the high-grade Underground Project
(under construction) and a large-scale open pit project.
Additional Information
For further information please visit the Nevada Copper corporate
website (www.nevadacopper.com).
NEVADA COPPER CORP.
Matthew Gili, President and CEO For further information
call:
Rich Matthews, |
|
VP Investor Relations |
|
Phone: 604-355-7179 |
|
Toll free: 1-877-648-8266 |
Email: rmatthews@nevadacopper.com |
We seek safe harbour.
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