Based in Vancouver , Nevada Copper owns 100 percent of the advanced-stage Pumpkin Hollow Copper Development Property , which is located in the Walker Lane mineralized belt of Western Nevada . Nevada Copper acquired the property in 2005 , after a private Houston company , RGGS Land & Minerals Ltd . was disposing of some of its assets . Pumpkin Hollow was well known and an extensively drilled discovery in the 1960s , according to Executive Vice President Robert McKnight , but at that time , it was valuable for its magnetite – its copper deposits were ignored .

“ We are focusing on copper at this property , as well as its precious metal credits ,” McKnight explains . “ We will be producing and stockpiling the magnetite and iron that we mine , but there are no plans to sell it yet . We might do that after we complete more feasibility work later this year .”

As of March , Nevada Copper had determined Pumpkin Hollow contains :

• Measured and indicated resources totaling 5.9 billion pounds

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