VANCOUVER — Nevada Copper (TSX: NCU) has spent the past three years strategically de-risking its Pumpkin Hollow project, 13 km southeast of Yerington, NV, and the result has been one of the more intriguing undeveloped copper prospects not currently in the hands of a major mining company.
Industry observers will be familiar with the fact that development stage, long life copper assets have become increasingly scarce as exploration expenditures have waned and many of the larger companies have turned inward to focus on brownfield sites. That fact is especially true for red metal deposits located in low risk jurisdictions that boast strong infrastructure and lack a bevy of socio-political concerns related to permitting and social license.
The new reality makes Pumpkin Hollow somewhat of an outlier since it sits in a mining friendly state, features a relatively clean permitting scenario, and has ready access to road and power infrastructure. Nevada Copper’s big victory came in late 2014 when U.S. President Barack Obama passed a land transfer that effectively means that all project activities will be regulated under Nevada state and local regulations and requirements.
Pumpkin Hollow really has two main components in terms of mine development. The project has a smaller scale underground element that is fully permitted, while Nevada Copper has also outlined a larger scale open pit plan that requires modification to existing air and reclamation permits. The company expects to receive the modified documents sometime during the third quarter.
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