FOR IMMEDIATE RELEASE



NEWS RELEASE

Nord Resources Corporation
PO Box 384, Dragoon, AZ 85609
Tel: (520) 586-2241 Fax: (520) 586-7020

Nord Resources Updates Its Johnson Camp Copper Project
Friday January 9, 2004

SOURCE: Nord Resources Corporation

DRAGOON, AZ., January 9, 2004 – Nord Resources Corporation (Other OTC:NRDS.PK – News) is pleased to announce that in the course of drilling an environmental monitoring well hole at its Johnson Camp SX-EW Copper Mine south of the existing Burro Pit, significant copper oxide mineralization was encountered.  The monitor well hole was drilled in conjunction with Nord’s Aquifer Protection Permit with the State of Arizona.

The monitor well hole was drilled 1,500 feet south, south east of the Burro Pit, the source of essentially all of the previous 150 million pounds of copper produced at Johnson Camp.  The copper oxide mineralization was encountered in the Lower Abrigo and Bolsa formations, both important sources of the previous Johnson Camp Mine copper ore production.  The hole cut the following intervals.

 

From-To (ft)

% Copper

ppm Copper

 

Formation

45’-50’

0.57

5700

 

Lower Abrigo

50’-55’

0.51

5100

 

Lower Abrigo

55’-60’

0.76

7600

 

Lower Abrigo

60’-65’

0.66

6600

 

Lower Abrigo

65’-70’

0.31

3100

 

Lower Abrigo

70’-75’

0.22

2150

 contact 72’Lower Abrigo

75’-80’

0.21

2100

 

Bolsa

80’-85’

0.40

3960

 

Bolsa

85’-90’

0.18

1750

 

Bolsa

90’-95’

0.23

2340

 

Bolsa

95’-100’

0.19

1920

 

Bolsa

100’-105’

0.29

2900

 

Bolsa

105’-110’

0.40

4000

 

Bolsa

65 foot intercept

0.38 aver.

3786 aver.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 


Drill cuttings were collected and sampled at 5-ft intervals by Clive R. G. Bailey, Certified Professional Geologist, and the analysis was conducted in the Johnson Camp laboratory by Gary Lindroos, State of Arizona Registered Assayer.

 

Mr. Bailey, Nord’s Exploration Manager, stated “We are very encouraged by this intercept of copper oxide mineralization in monitor well hole MW-8b.  The ground surface in this area is highly altered and prospective.  The unexplored strike length of the mineralized trend between the Burro Pit in the north and the Keystone claim in the south is over 3,300 feet.  A comprehensive exploration plan is currently being developed with the goal of significantly increasing current ore reserves at Johnson Camp.” 

 

Nord Resources Corporation owns the Johnson Camp SX-EW copper mine in Arizona.  The mine is currently on care and maintenance.  According to the Johnson Camp Feasibility Study conducted by The Winters Company, the project can be returned to production in approximately eight months from receipt of necessary financing.  The Feasibility Study concluded that the Johnson Camp heap leach copper mine can be operated profitably at current copper prices.  Nord Resources Corporation is currently in active discussions regarding financing for this project.

 

Other Interests

 

Nord Resources also owns a 2.5 % royalty interest in Sierra Rutile Limited, which, based on current information, is slated to resume production of titanium dioxide in 2004.  At one time, this project represented over 50% of the entire exports of Sierra Leone.

 

In addition, Nord Resources owns approximately 24% of Nord Pacific Limited (Other OTC:NORPF.PK).  Nord Pacific is involved in the Simberi Gold Joint Venture located in Papua New Guinea and has recently agreed to a Plan of Arrangement with Allied Gold Limited, an Australian company, under which Nord Pacific will be acquired by Allied Gold.  Nord Resources Corporation supports the Plan of Arrangement.

 

This release includes certain statements that may be deemed to be "forward-looking" statements within the meaning of the US Private Securities Litigation Reform Act of 1995.  All statements released, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Corporation expects, are forward-looking statements.  Although Nord Resources Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.  Factors that could cause actual results to differ materially from those in the forward-looking statements include metals prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions.  Nord Resources Corporation does not undertake any responsibility to update the forward-looking statements in the future.

 

 

For information contact:   

        

Ronald Hirsch, Chairman & CEO (949) 715-6745 

             or 

Erland Anderson, President & COO (520) 544-4893

 

Website: www.nordresources.com

 

SOURCE: Nord Resources Corporation