Nevada Copper Corp. (TSX:NCU) reported the results of a National Instrument 43-101 Technical Report Feasibility Study for its Pumpkin Hollow Copper Project in Nevada. The Feasibility Study confirms the technical and economic viability of constructing and operating a stand-alone 70,000 ton-per-day open pit copper mining and processing operation.
As quoted in the press release:
The Feasibility Study confirms the technical and economic viability of constructing and operating a stand-alone 70,000 ton-per-day open pit copper mining and processing operation. The Stage 2 Open Pit Operation would be located approximately 4 kilometers west of our 6,500 ton-per-day Stage 1 underground operation (the “Stage 1 Underground Operation” or “Stage 1″) that is currently under construction. Development of the Stage 1 Underground Operation is supported by a feasibility study filed on SEDAR in December 2012. The Stage 1 Underground Operation will initially access ore from the East deposit and, if warranted, the E2 deposit. With all Stage 1 permits received on September 5, 2013 and a significant portion of project capital funding arranged, Nevada Copper is advancing towards production from the Stage 1 operation and, subject to receipt of permits and project funding, construction of the Stage 2 Open Pit Operation.
Nevada Copper Corp. President and CEO, Giulio Bonifacio, said:
The completion of our Stage 2 stand-alone open pit Feasibility Study is yet another significant milestone achieved by Nevada Copper since the Company was formed in 2006. We are extremely pleased with these results as it further confirms that the Pumpkin Hollow project will support an economically-robust, large copper mine built on a staged basis which is unlike any other copper project currently in construction.