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 Johnson Camp Exploration Activities
Tuesday,
July 20, 2004
SOURCE: Nord
Resources Corporation
Exploration West on Trend from the Copper Chief Pit
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Two areas of interest have been identified west of the Copper Chief Pit. The
first area, a silicified, resistant tactite hill with iron gossan after sulfides
2,100 feet west, exhibits favorable alteration and remnant copper oxide showings.
The second area, approximately 4,100 feet west of the Copper Chief Pit, is
a massive skarn block prospective for disseminated copper mineralization.
Reconnaissance geology, a geo-chemical sampling program, and additional chip
sampling to develop drill targets are scheduled to begin immediately along
this trend.
Peabody Mine Area, High Grade Copper Mineralization
A detailed review of the existing exploration drill-hole data in the area
north of Johnson Camp has generated significant interest at the old Peabody
Mine for high grade copper mineralization. In 1971, Cyprus Mines Corporation
drilled hole number BP-71 near the Peabody Mine. As reported by Cyprus, this
drill hole intercepted 4 feet of mineralization, from 317 feet to 321 feet,
grading 10.53% copper, 1.61% zinc and 7.60 ounces silver per ton. A geological
review of this area continues with the objective of developing high grade
drill targets. The Peabody Mine is located 4,000 feet north of the existing
Burro Pit and 600 feet south of the Strong-Harris copper deposit.
Texas Arizona Mine Option and Claim Staking
The Texas Arizona Mine is located 4 miles southeast of the Johnson Camp Mine
on the flank of the Gunnison Hills. Nord has recently concluded an option
to acquire several mining claims at Texas Arizona and staked six lode claims
in the area. The five-level underground mine was developed in 1908 and was
most actively mined during the period 1910 -- 1928. According to the U.S.
Geological Survey Professional Paper #416 by Cooper & Silver, 1964, typical
ore mined at Texas Arizona averaged 38.5% lead, 49 ounces silver per ton,
1.6% copper and 0.05 ounces gold per ton. The lode claims recently staked
cover an area just to the east of the known I-10 deposit, a large, undeveloped
copper deposit previously drilled by Superior Oil and Magma Copper Company.
Nord's initial exploration efforts indicate a more complex poly-metallic zoning in the Johnson Camp Mining District than previously thought. Potential exists for the discovery of additional copper resources along with silver, gold, lead and zinc deposits.
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.
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.
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