Resource Jumps Again for Nevada Copper
Thu, Jul 16, 2009
Nevada Copper (TSE:NCU) reported today that the resource estimate for their deposit in western Nevada has jumped again. The new resource estimate includes 9.3 billion pounds copper, 1.45 million ounces gold and almost 55 million ounces of silver. These amounts are in the measured, indicated and inferred resource categories.
This is the second major update to the resource calculation and will likely significantly impact the economics of the deposit. Gregory French, the company’s Project Manager is quoted as saying:
The combination of the two produced a 42% increase in the Measured and Indicated resource categories and a significant increase to the total contained metal. These increases will have a very positive impact on the already robust economics of the project.
Click here for the full press release.
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Tags: copper, deposit, economic, gold, inferred, metal, nevada, Nevada Copper, ounces gold, ounces of silver, pounds copper, producer, project, resource, resource categories, resource estimate, silver
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