FOR IMMEDIATE RELEASE
NEWS
RELEASE
Nord
Resources Corporation
PO Box 384, Dragoon, AZ 85609
Tel: (520) 586-2241
Fax: (520) 586-7020
Nord
Resources Announces Appointment of CFO and Updates Activities
Tuesday,
April 5, 2005
SOURCE:
Nord Resources Corporation
Ron
Hirsch, Chairman and CEO, commented: "We are extremely fortunate to have
someone of John's caliber join the Nord Resources team. His strong record of accomplishment,
broad mining background, and experience will help provide the leadership to define
and guide Nord's future growth. We now have our senior management team in place
and are in position to advance the company to a mid-tier base metals producer."
Additional Claims Staked at Coyote Springs
Recently, 31 additional claims (642 acres) were added to the west and southwest of the Coyote Springs property. The claims to the southwest are located over a known geophysical anomaly. The Company now controls over 5 square miles in Arizona's highly prospective Safford Mining District. Additional geophysical surveys followed by drilling are planned for 2005.
The Coyote Springs property borders Phelps Dodge Corporation's Dos Pobres copper development project near Safford, Arizona. Four major copper resources have been defined in the district in the vicinity of the Foothills Fault. These are the Sanchez, Lone Star, San Juan, and Dos Pobres copper resources. Virtually all of these deposits were initially located through the use of geophysics guided by regional geologic surveys.
About Nord Resources Corporation:
Nord
Resources is an Arizona-based natural resource company focused on near-term copper
production from its Johnson Camp Mine and the exploration for copper, gold and
silver at its properties in Arizona and New Mexico. The Company also owns approximately
5.1 million shares of Allied Gold Limited, an Australian company. In addition,
the Company maintains a net profits interest in Sierra Rutile Limited, a Sierra
Leone, West African company that controls the world's highest-grade natural rutile
deposit.
Any statements
made in this press release which are not historical facts contain certain "forward-looking
statements", as such term is defined in the Private Litigation Reform Act
of 1995, concerning potential developments affecting the business, prospects,
financial condition and other aspects of the company to which this release pertains.
The actual results of the specific items described in this release, and the company's
operations generally, may differ materially from what is projected in such forward-looking
statements. Although such statements are based upon the best judgments of management
of the company as of the date of this release, significant deviations in magnitude,
timing and other factors may result from business risks and uncertainties including,
without limitation, the company's dependence on third parties, general market
and economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information contained
in any forward-looking statement.
These forward looking statements involve
known and unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be materially different
from any future results, levels of activity, performance, or achievement expressed
or implied by such forward looking statements. In some cases, you can identify
forward looking statements by terminology such as "may," "will,"
"should," "could," "intend," "expects,"
"plan," "anticipates," "believes," "estimates,"
"predicts," "potential," or "continue" or the negative
of such terms or other comparable terminology. Although we believe that the expectations
reflected in the forward looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance, or achievements. Moreover, neither
we nor any other person assumes responsibility for the accuracy and completeness
of such statements.
For information contact:
Nord Resources Corporation
Ronald Hirsch, Chairman & CEO
(949)
715-6745
Erland Anderson, President & COO
(520)
544-4893
Website: www.nordresources.com
SOURCE: Nord Resources Corporation