FOR IMMEDIATE RELEASE
NEWS
RELEASE
Nord Resources
Corporation
PO Box 384, Dragoon, AZ 85609
Tel: (520) 586-2241 Fax: (520) 586-7020
Nord
Resources Invites Tenders from
Mining Contractors for Johnson Camp Copper Mine
Monday,
July 18, 2004
SOURCE: Nord
Resources Corporation
Operations at Johnson Camp will involve the mining of 9,000 tons of ore and removal of 5,000 tons of overburden per day. Johnson Camp is expected to produce a nominal 20 million pounds of 99.999% pure copper cathode on an annual basis. According to the Johnson Camp Feasibility Study conducted by The Winters Company, the Johnson Camp heap leach copper mine can be operated profitably and will generate strong cash flows at current copper prices. Actual production of copper cathode can begin within three months of a restart.
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.ieving our desire
to be viewed as the first choice for long-term investors in our peer group."
stated CEO Ronald A. Hirsch.
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:
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