Yerington Mondays: Yerington Monday: The Mines of Mason Valley: Pumpkin Hollow Mine

Monday, March 21, 2016

Yerington Monday: The Mines of Mason Valley: Pumpkin Hollow Mine

This concludes my series on The Mines of Mason Valley. Pumpkin Hollow is the new kid on the block and we have great hopes that the price of copper and good investors will breath new life into Yerington.

Nevada Copper (TSX:NCU) owns 100% of the Pumpkin Hollow Copper Development Property located in Nevada, United States. Pumpkin Hollow is a large advanced stage development copper property with substantial reserves and resources including copper, gold, silver, as well as a large iron resource.

Project History

1960: Discovered by US Steel using airborne magnetic surveys.
Up to 2001: Over 180,000 meters of drilling by US Steel, Anaconda, and other world leading mining companies discovers and delineates large copper and magnetite resources.
Up to 2001: Several economic studies were completed with extensive metallurgical, geotechnical and geophysical studies.
Acquired by Nevada Copper in 2005 with copper prices at $1.40/lb.
Nevada Copper completed over 180,000 meters of drilling to date.
Collection of geotechnical, metallurgical, environmental and hydrological baseline data has been ongoing since 2006 to support permitting and feasibility efforts.
Nevada Copper completes NI 43-101 compliant resource estimates in 2006, 2007, 2009, 2012 as well as a Preliminary Economic Assessment in 2008.
Positive NI 43-101 Technical Report Feasibility Studies completed: the Integrated Open Pit and Underground Feasibility Study and the Stage 1 Underground and Stage 2 Open Pit Feasibility Studies..*
Construction on underground operation started in 2012.

Giulio Bonifacio

President and CEO

Mr. Bonifacio has over 30 years in senior executive positions in the mining industry. Mr. Bonifacio is the founder, President & CEO of Nevada Copper. Among his many accomplishments Mr. Bonifacio has been instrumental in providing over $400 million of capital to projects of merit while being involved with and having a very good understanding of every stage of development from exploration to production. Mr. Bonifacio is a Chartered Professional Accountant with extensive experience and knowledge in areas of corporate finance, securities matters, project finance and mergers & acquisitions. Mr. Bonifacio has held senior executive roles with Getty Resources Limited, TOTAL S.A., and Vengold Inc.

Bonifacio’s mantra to his executive team is to build the highest quality organization, which in turn builds a quality mine. It is a success-driven mentality that will assure that this time is the Right Time for Pumpkin Hollow, and that it is built and operated the Right Way both for Nevada Copper and the community of Yerington.

Nevada Copper Corp. President & CEO, Giulio Bonifacio

The Project, located near Yerington Nevada, is 100%-owned by Nevada Copper. The Project currently has proven and probable reserves of 5.05 billion pounds of copper, 760,585 ounce ounces of gold and 27.6 million ounces of silver. The Company continues to advance financing options and expects that these developments will further enhance those opportunities.

On October 13, 2015, pursuant to a pre-existing agreement between the Company and the City, the City conveyed 9,130 acres of the acquired land to Nevada Copper. The final steps between the Company and City to convey the required land to Nevada Copper included completing a subdivision map. The City has advised Nevada Copper that it can immediately proceed with any work necessary to develop the Pumpkin Hollow project (the "Project").

The newly-acquired land, combined with Nevada Copper's existing 1,550 acres of private land, places the entire integrated open pit and underground mine on 10,680 acres of private land owned by the Company and allows the Project to be constructed and operated with its current, approved Nevada State permits.