Date post: | 20-Jan-2016 |
Category: |
Documents |
Upload: | marsha-brown |
View: | 215 times |
Download: | 0 times |
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE1
Nevada Copper Corp.
Nevada Copper Corp.
Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine -
January, 2008TSX: NCU
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE2
Certain statements contained in this presentation constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance of achievements of the Corporation to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements.
This presentation describes “Measured”, “Indicated” and/or “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of any inferred resource will ever be upgraded to a higher category. Exploration is an inherently risky proposition and investors are advised that most exploration projects fail to identify economic resources.
The Corporation has at present not confirmed the economic viability of any resources at the project. The company plans drilling programs and studies with the objective of confirmation of Copper and Iron deposits and ultimately completing a feasibility study to demonstrate the economics of the resources. Any historical estimates are not mineral reserves and do not have demonstrated economic viability and should not be relied upon.
Cautionary Note
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE3
Corporate Highlights
Stock Symbol:…..............................TSX: NCU Frankfurt: ZYT
Shares Outstanding:.……..….........36.6 Million
Fully Diluted:………………………...45.8 Million*
*Options - 3.6 million @ $1.25 / Warrants – 5.6 million @ $1.75
Cash, January 15, 2008:.…..……...C$ 4.0 Million
Cash on exercise:.……………........C$14.4 Million
Market Cap/Cu Resource lb:……...C$0.013
Website:…………….…www.nevadacopper.com
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE4
Investment Highlights
100% Owned Pumpkin Hollow, Located in Nevada.
NI 43-101 Compliant Resource (Nov.’07): 7.9 Billion Pounds of Copper, 1.3 Million ounces of Gold, 57 million ounces of Silver and 144 million tons of Iron. ► Open Mineralization in Several Directions of Deposits.
Significant Potential to Further Expand Resource.
Premier Permitting Site with Excellent Infrastructure.
Preliminary Economic Assessment/Scoping - March 2008.
Advanced Stage - Commence Feasibility Study in early 2008.
Creation of a Mid-Tier, Well Managed Copper Company.
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE5
Nevada Copper Team
Giulio T. Bonifacio - President, CEO & Director
Joe Kircher - Vice President, COO & Director
Joe Chan - Vice President, CFO
Greg French - Project Manager
Technical Team: Tetra Tech – Resource Estimate, Open Pit & Preliminary Assessment
The Mines Group – Permitting & Environmental
Golder Associates – Geotechnical
Water Management – Hydrology
RDI – Metallurgy and Processing
Hazen Research – Metallurgical
Dynatec – Underground Mining
Harma Associates – Iron Processing and Marketing
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE6
Location Map
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE7
Land PositionYerington
Pumpkin Hollow Property – 21 sq. Miles
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE8
1.9 Billion pounds of copper produced at 0.54% Cu grade; Anaconda Copper Mine - 1953 to 1978.
12 Billion pounds of copper found in other porphyry deposits in the district.
7.9 Billion pounds of copper at Pumpkin Hollow; a high grade large skarn associated with the cluster of porphyry deposits.
NCU holds a commanding land position in an exciting Copper District that hosts in excess of
20 Billion pounds of Copper.
District Summary
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE
Project History - 1960 to 2001
Discovered 1960 by US Steel
Corporation.
Next 30 Years - Anaconda,
Cyprus, Conoco, delineates
large copper and iron resource.
590,000 feet (180,000 meters) of
drilling, metallurgy, mining,
economic studies completed.
US$50 Million in estimated
historical expenditures.
9
1970’s Drill Rigs
Core Sheds
Core Sheds
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE10
Core Processing Facility
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE
Nevada Copper History
Acquired Project in 2005, Copper Price ~ $1.40 per lb.
2006 Resource Calculated Based on Historic Database: 6.1 Billion Pounds of Copper NI 43-101 Compliant.
Nevada Copper goes public on TSX Venture – August, 2006.
Nevada Copper lists on Toronto Stock Exchange – August 2007.
2007 - Infill & Step-Out Drilling: (62,000 feet/19,000 Meters).
Baseline Data Collection for Feasibility & Permitting Started in Q1 2007.
2007 Updated Resource (Nov.07) - 7.9 Billion Pounds of Copper.
Preliminary Economic Assessment/Scoping nears Completion.
11
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE12
Increased drill program from 12,000 Meters to 19,000 Meters based on extremely successful in-fill and step out program.
East Deposit - Converted Inferred to Measured & Indicated, increased grade and added metal.
E2 - Converted Inferred to Measured & Indicated, increased
grade.
North Deposit - Converted Inferred to Measured & Indicated, converted waste to ore, added strike and metal.
South Deposit - Confirmed shallow high grade Cu/Au deposit.
2007 Drilling Highlights
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE13
The Copper Deposits
High Grade Underground
Copper Deposits
NORTH ZONE
SOUTH ZONE
EAST ZONE
SOUTHEAST
ZONE
2,000ft 3,000ft0ft
Outline of Patented Claims
(Note: Property extends off the map in all directions)
Copper - Iron Open Pit Deposits
JK-34 ZONE
E-2 ZONE
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE14
Pumpkin Resource – 3D
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE15
2007 Measured Indicated & Inferred
Copper Cutoff Tons (000) Cu (%) Cu (lbs/000)
0.20 % 780,899 0.50 7,874,513
0.30 % 458,547 0.69 6,324,491
0.75 % 115,668 1.37 3,168,487
2006 vs. 2007 ResourceNI 43-101 Compliant Estimate
2006 Measured Indicated & Inferred
Copper Cutoff Tons (000) Cu (%) Cu(lbs/000)
0.20 % 766,084 0.40 6,147,300
0.30 % 415,989 0.53 4,437,093
0.75 % 42,056 1.43 1,198,833
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE16
2007Category Tons (000) Cu (%) Cu(lbs/000) Gold (Oz.) Silver (Oz.)
Meas. & Ind. 342,735 0.58 3,967,688 635,000 26,643,000
Inferred 438,164 0.45 3,906,825 647,000 30,680,000
2007 Resource DetailNI 43-101 Compliant Estimate (0.2% Copper Cutoff)
Prepared in Nov.’07 by Tetra Tech MM Inc., an Industry Leading International Engineering Firm.
7.9 Billion Pounds of Contained Copper 32% Increase in Copper Grade 44% Increase in Measured and Indicated Copper Resource 28% Overall Increase in Contained Copper Added 1.3 Million Oz. of Gold and 57 million Oz. of Silver 92% Increase in Iron to 144 Million Tons
2006Category Tons (000) Cu (%) Cu(lbs/000)
Meas. & Ind. 312,063 0.44 2,751,700
Inferred 454,021 0.37 3,395,600
6.1 Billion Pounds of Contained Copper plus 75 million tons of Iron Magnetite.
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE17
2006 vs. 2007 : At 0.75% cutoff M&I increased 303% to 1.2 billion pounds from 301 million pounds. In all categories increased 168% to 1.85 billion pounds from 690 million pounds.
East and E2 UndergroundNI 43-101 Compliant Estimate
2007 Measured & Indicated
Cu Cutoff Tons (000) Cu (%) Cu (lbs/000) Au Oz Ag Oz
0.75 % 41,592 1.46 1,214,000 167,000 5,106,000
1.00 % 26,108 1.81 947,000 128,000 3,562,000
1.40 % 13,555 2.41 653,000 83,000 2,125,000
2007 Inferred
Cu Cutoff Tons (000) Cu (%) Cu(lbs/000) Au Oz Ag Oz
0.75 % 25,333 1.25 634,000 90,000 2,926,000
1.00 % 13,671 1.59 434,000 59,000 1,765,000
1.40 % 5,354 2.25 240,933 31,000 814,000
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE18
North & South Open PitNI 43-101 Compliant Estimate
2007 Measured & Indicated
Cu Cutoff Tons (000) Cu (%) Cu (lbs/000) Au Oz Ag Oz
0.20 % 161,964 0.51 1,666,216 278,000 12,211,000
0.30 % 104,228 0.68 1,430,626 224,000 8,953,000
0.40 % 75,357 0.82 1,231,800 186,000 7,065,000
2007 Inferred
Cu Cutoff Tons (000) Cu (%) Cu(lbs/000) Au Oz Ag Oz
0.20 % 230,838 0.44 2,022,429 336,000 16,148,000
0.30% 116,338 0.63 1,460,355 230,000 11,892,000
0.40% 73,333 0.80 1,170,554 180,000 6,812,000
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE
2007
Measured & IndicatedIron Cutoff Tons (000) Iron (%) Tons (000) Cu %
10 % 191,008 27.8 53,154 0.28
20 % 119,755 35.9 42,956 0.31
30 % 76,235 42.2 32,152 0.31
Inferred ResourcesIron Cutoff Tons (000) Iron (%) Tons (000) Cu %
10 % 465,337 19.6 91,363 0.23
20 % 135,144 34.1 46,097 0.37
30 % 74,474 42.1 31,349 0.44
Iron resources amenable to open-pit mining methods in the North and South Deposits. Metallurgical test-work has demonstrated amenability of generating marketable pellet feed.
1996: $ 28 per metric ton iron pellet feed.
2007: > $ 100 per metric ton iron pellet feed.
19
2007 Iron ResourceNI 43-101 Compliant Estimate
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE20
Premier Development Site
Pumpkin Hollow Site
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE21
Premier Development Site
RA
IL -
10
Mile
s
Pumpkin Hollow – 21 Sq. Mile Contiguous Land Position
98% of the Resource on Patented Property
Paved Road
Power line
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE22
Alluvium
Volcanics
Sediments
E-2 DEPOSIT
EASTDEPOSIT
JK-34 ZONE (70 ft.
2.5%)
OPEN
E-2SERVICESHAFT
EASTPRODUCTION
SHAFT
S N5,000’
4,000’
3,000’
2,000’
SERVICE & HAULAGE LEVEL
ORE & WASTEPASSES
ORE & WASTEPASSES
EXHAUSTVENT
ACCESS RAMP
ORE PASS
CRUSHING &LOADING FACILITY
Intrusives
East and E-2 Mine Plan
NC06-03 (55 ft @ 2%)
Pre 2007 Modeling
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE
Conceptual Mine Profile
Integrated open pit and
underground operation.
Throughput, 35,000 to 60,000
tons per day.
Single copper concentrator.
Producing 85,000 to 120,000
tons copper per year.
Mine life 20 to 30 years.
Employees 200 to 300
23
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE24
Site Layout - Conceptual
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE25
2007 2008 2009 2010 2011 2012
Description1st Q 2nd
Q3rd Q
4th Q
1st Q
2nd Q
3rd Q
4th Q
1st Q
2nd Q
3rd Q
4th Q
In-Fill & Step Out Drilling/
Re-Assay
Update Resource/
Prelim. Assess.
Feasibility
Permitting
Exploration Pre-Development
Surface Construction
Production
Preliminary Project Timeline
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE26
N
1500 FEET
48,000 N
56,000 N
50,0
00 E
58,0
00 E
54,0
00 E
52,000 N
Open Targets/ Step-out
JK-34
E-2 Deposit
Open Mineral
Directions
East Deposit
KM-12
E91-1
North Deposit
North down Dip
Southeast Deposit
West East Extensions
NortheastShallow
South Deposit
South Up-dip
Northborder
Southwest extension
Sec 11
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE27
N
1500 FEET
48,000 N
56,000 N
50,0
00 E
58,0
00 E
54,0
00 E
52,000 N
Exploration Targets
E-2 -Section 11
JK-34
E-2 Deposit
Open Mineral
Trends & Anomalies
East Deposit
FG-20
North Deposit
Southeast Deposit
NorthwestMag
Anomaly
South Deposit
Between North & South
East Ground
Mag
Sec 11
SoutheastStrike & dip
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE28
2008 Results Oriented Drilling Program -15,000 meter In-Fill, Step Out & Exploration.
Assay Program – Continue Historic Drill Hole assaying program
for copper, gold & silver (Completed 5,300 Meters/85 Drill Holes)
Preliminary Economic Assessment/Scoping – March 2008
Continue with baseline date collection: Metallurgical,
Hydrological and Geotechnical programs to support
permitting and a feasibility study.
Commence Bankable Feasibility Study – Early 2008
Updated Resource – Late 2008
Market Catalysts
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE29
Peer Group ComparablesMarket Value per pound of Copper in situ ($C cents per lb)
* Feasibility / ** Acquired / *** Represents Copper Value Only
Market Comparables @ January 31, 2008
Group Average: 4.9 cents Cu & equivalent Industry Average: 5.6 cents Cu & equivalent (Haywood Securities)
6.1 cents Cu & equivalent (Canaccord Adams)
3.9
3.3
3.8
10.3
Northern Peru**
Chariot Resources*
Augusta Resources*
New Gold *
3.4
1.3Nevada Copper ***
Peru Copper**
4.9 Average0
2
4
6
8
10
12
New Gold Augusta Chariot NorthernPeru
PeruCopper
NevadaCopper
10.3
3.8 3.3 3.43.9
1.3
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE30
The following pages present cross sections,photos and 3 D Models of the:
East, E-2 and North Deposits.
Deposit Geology Section
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE31
Underground Deposits
High Grade Underground
Copper Deposits
NORTH ZONE
SOUTH ZONE
EAST ZONE
SOUTHEAST ZONE
2,000ft 3,000ft0ft
Outline of Patented Claims (Note: Property extends off the map in all directions)
Copper - Iron Open Pit Deposits
JK-34 ZONE
E-2 ZONE
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE32
East Deposit E-2 Deposit
East Deposit View
South Deposit
Looking East
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE33
East & E2 Resource – 3D
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE34
400 FEET
N
NC07-21OPEN
NC07-5
NC07-8
NC07-2
NC07-14
54600N
54200N
53400N
East Deposit – Plan View
Nevada Copperdrill holes
Historic drill holes
OPEN
EAST DEPOSIT
OPEN
Patented property outline only
Nov.’07 43-101 Resource: 50.8 Million tons @
1.38% Copper
@ 0.75% copper cutoff
0ft 2000ft
EAST
DEPOSIT
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE35
East Section - 54600N
SECTION 49600N
SECTION 54600N
EAST
5800 feet
3500
fee
t
EAST
E2
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE
0ft 2000ft
36
4800’
3600’
3000’
2400’
NC07-5 NC07-21
HJ-11
39’2.59% Cu
6’2.38% Cu
6’2.89% Cu
J-11
5’2.58% Cu
9’4.74% Cu
40.5’4.08% Cu
57’2.33% Cu
19’2.37% Cu
10.5’5.0% Cu
20’2.10% Cu
2’2.03% Cu
15’2.24% Cu5’
2.03% Cu
87’2.76% Cu
56’4.34% Cu
3.5’2.3% Cu
57.5’3.34% Cu
JK-12
KM-12
Section shortened forvisual efficiency
19’2.37% Cu
Mes
ozo
ic
ConglomerateTertiary volcanicsLimestone, MarbleHornfelsMagnetite skarnCal-silicate skarnIntrusive+ 1% Cu+ 2% Cu
Trace of drill holeIntersected length of Mineralization in feet, %Cu
8’4.59% Cu
400 FEET
4600’3800’
Note: Assays <1% not plotted
Patented Property Outline only NC07 – 540.5 feet @ 4.08% Cu10.5 feet @ 5.00% Cu57.5 feet @ 3.34% Cu
NC07 – 2120 feet @ 2.10% Cu87 feet @ 2.76% Cu56 feet @ 4.34% Cu
East Section - 54600N
EAST
DEPOSIT
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE37
East Section – 53400N
SECTION 49600NSECTION 53400N
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE38
19’2.37% Cu
Mes
ozo
ic
ConglomerateTertiary volcanicsLimestone, MarbleHornfelsMagnetite skarnCal-silicate skarnIntrusive+ 1% Cu+ 2% Cu
Trace of drill holeIntersected length of Mineralization in feet, %Cu
Note: Assays <1% not plotted
East Section - 53400N
400 FEET 1800’
2400’
3000’
3600’
4000’4600’
4800’
57800E55400E
NC07-14
111’3.31% Cu
116.2’3.08% Cu
28’3.89% Cu
36’5.04% Cu
44’2.75% Cu
JK-19KM-20
M-20
C-12C-6
C-8
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE39
E-2 Section – 49600N
SECTION 49600NE2
5800 feet
3500
fee
t
EastE2
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE40
E-2 Section - 49600N
400 FEET1800’
3800’4600’
4800’
58000E
NC07-23
63’2.29% Cu
145’2.44% Cu
115’4.45% Cu
135’2.66% Cu
C-11
3200’
2000’
2600’
56000E
C-13
KM-45
KM-44
M-44
19’2.37% Cu Trace of drill hole
Intersected length of Mineralization in feet, %Cu
Note: Assays <1% not plotted
Mes
ozo
ic
Tertiary volcanicsLimestone, MarbleHornfelsMagnetite skarnCal-silicate skarnIntrusive+ 1% Cu+ 2% Cu
>0.3% Cu
E-2
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE41
Open Pit Deposits
High Grade Underground
Copper Deposits
NORTH ZONE
SOUTH ZONE
EAST ZONE
SOUTHEAST ZONE
2,000ft 3,000ft0ft
Outline of Patented Claims (Note: Property extends off the map in all directions)
Copper - Iron Open Pit Deposits
JK-34 ZONE
E-2 ZONE
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE42
North Deposit View
Looking North
North Deposit
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE43
North Deposit – 3D
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE44
North Section – 47700E
SECTION 47700E
North
4500 feet
2000 fe
et
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE45
19’2.37% Cu Trace of drill hole
Intersected length of Mineralization in feet, %Cu
Note: Assays <1% not plotted
Mes
ozo
ic
Tertiary volcanicsLimestone, MarbleHornfelsMagnetite skarnCal-silicate skarnIntrusive+ 1% Cu+ 2% Cu
>0.3% Cu
North Section - 47700E
400 FEET
4800’
52500N
4000’
2800’
3400’
53000N53500N54000N54500N
NC07-9USS-7999-799-6
USS-70
USS-76
USS-41
99-4
99-2
USS-95
USS-46
99-3
42’2.49% Cu
115.5’2.51% Cu
109.9’3.22% Cu
24.9’3.38% Cu 12.5’
2.53% Cu
North
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE46
19’2.37% Cu Trace of drill hole
Intersected length of Mineralization in feet, %Cu
Note: Assays <1% not plotted
Mes
ozo
ic
ConglomerateTertiary volcanicsLimestone, MarbleHornfelsMagnetite skarnCal-silicate skarnIntrusive+ 1% Cu+ 2% Cu
North Section - 47900E
400 FEET
4800’
53000N
4000’
2800’
3400’
53500N54000N54500N54500N
NC07-1USS-56 USS-96 USS-34
USS-43
USS-46
USS-88
99-1
USS-70
USS-88
USS-48
USS-76
52500N
342’@ 2.03%
North
PUMPKIN HOLLOW – NEVADA’S NEXT COPPER MINE47
Nevada Copper Corp.
Nevada Copper Corp.
Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine -
January, 2008TSX: NCU