- Nevada Copper (NCU) has provided an update on its 2022 development plan and advances at the company’s Pumpkin Hollow Project
- Mine operation highlights include strong lateral development over the past 30 days
- The company anticipates increased production and recovery rates with the addition of the Sugar Cube zone to the processing plant’s ore feed in Q1 2022
- The company intends to undertake an infill drilling campaign in 2022
- Nevada Copper is a Canadian-based mining company
- Nevada Copper Corp. (NCU) opened trading at C$0.64 per share
Nevada Copper (NCU) has provided an update on its 2022 development plan and advances at the company’s Pumpkin Hollow Project.
Underground mine operations highlights
- Lateral development rates continue to rise
The company has advanced approximately 760 lateral equivalent feet in the past 30 days, a 20 per cent increase in average daily footage from the previous 30 days. Lateral development continues on multiple headings, providing access to ore mining zones in the East South orebody and advancing development towards the East North orebody. - Sugar Cube to be blasted
The high-grade Sugar Cube zone is planned to be drilled in December and mining is expected to commence in early Q1 2022. This will be the first stope mined in the East North orebody, which is expected to have higher quality ground conditions and significantly larger stope sizes. - Processing plant operating well
The mill continues to run at design specifications with the grinding, flotation, thickening, and concentrate filtration circuits performing well mechanically. The company anticipates increased production and recovery rates with the addition of the Sugar Cube zone to the processing plant’s ore feed in Q1 2022. - Surface ventilation fans on schedule
The surface ventilation fans are on schedule to arrive on site in approximately 3 weeks with installation and commissioning expected to be completed on time in line with the demands of the mine plan.
2022 development plan update
- Open pit drilling progressing
With additional funding received from the recent public equity offering, the company intends to undertake an infill drilling campaign and to update its open pit studies to reflect opportunities for increased scale, larger resource and other optimization workstreams. Further updates on the company’s 2022 development plan will be released shortly.
Randy Buffington, President and Chief Executive Officer commented on the company’s progress.
“I am pleased with the operational advances we have achieved this month, as we build on the progress from Q3. Our development rates continue to increase on a weekly basis and will soon provide access to the larger high-grade stopes, which is expected to result in increased ore feed delivered to our fully operational processing plant for a step further in our ramp-up progression.”
Nevada Copper is a Canadian-based mining company engaged in the exploration, and development of copper and other mineral properties located in the United States.
Nevada Copper Corp. (NCU) opened trading at C$0.64 per share.