|By Marketwired .||
|February 26, 2014 07:30 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/26/14 -- Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or "Company") is pleased to announce that Mr. Timothy Arnold, Vice President Operations for Nevada Copper, has been named by the Society for Mining, Metallurgy and Exploration's ("SME") Nominating Committee as its candidate for President-elect Designate. Subject to ratification in February of 2015, Mr. Arnold would serve as President of the Society from February 2016 to February 2017.
Giulio Bonifacio, President and CEO, stated: "We are in a very exciting phase at our Pumpkin Hollow project where we are adding top caliber professionals to our senior team. To attract a person of Tim's caliber and experience this past October is a major accomplishment and further complements our team. Tim has hit the ground running to provide the leadership of our construction and operations team."
Mr. Arnold is a Registered Professional Mining Engineer with more than 30 years of experience in mine engineering, underground and open-pit mine operations, 12 of those years on Nevada mining projects. As previously reported, Mr. Arnold's past experience includes being the General Manager at the Mt. Hope and Liberty molybdenum projects for General Moly, Inc. in Nevada, primarily responsible for building the Mt. Hope operating team, developing operating systems, processes and policies, coordinating the transition to start-up, and managing local stakeholder relationships. Prior to that, Mr. Arnold was Vice President and General Manager of Coeur d'Alene Mines where he managed the underground Kensington Gold Mine project. Mr. Arnold also held the position of Vice President and General Manager at the Coeur Rochester mine, a silver/gold open pit operation in Nevada. During his tenure at the Rochester mine, it was ranked as one of safest medium-sized mines in Nevada by the Nevada Mining Association. Mr. Arnold's other roles included General Manager of Hecla's Lucky Friday mine, Mine Superintendent of Barrick's Bullfrog mine and Senior Underground Operations Engineer with Independence Mining.
Mr. Arnold stated: "It is an honor and a privilege to be nominated for this position. SME is a professional society with more than 15,000 professional members serving the minerals industry in more than 85 countries. It has provided invaluable service to the industry over the years. I believe strongly that people are a mining company's greatest asset, and one of SME's core values is to be the resource and advocate for the mining community by developing the skills and knowledge of its members. My most exciting challenge over the next several years is, not only to help build the physical assets of Nevada Copper's Pumpkin Hollow copper project, but to also help build a safe workforce for our Stage 1 underground operation for over 400 people."
The Stage 1 underground mine is scheduled for initial ramp-up of production in late 2015, and will have a permanent workforce of approximately 400 people. Nevada Copper also seeks to expedite the development of the Stage 2 open pit operation pending passage of the Lyon County Economic Development and Conservation Act in Congress. Passage of that bill would more than double the number of mine jobs, 2-3 years sooner, to a total combined workforce of approximately 1,000 workers. That is in addition to the approximately 200-500 workers who will be needed for construction of those two stages of the project.
Nevada Copper also announces the launch of its newly-updated corporate website: www.nevadacopper.com. This website, with its new user interface, will make it easier for users to access the most sought after information such as news releases, corporate presentations and financial statements, as well as technical information on mineral reserves and resources related to the Pumpkin Hollow project. The site also has a link to the Pumpkin Hollow project website www.pumpkinhollowcopper.com that focuses on project activities and stories important to the local and Nevada community.
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
We seek safe harbor.
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