DRAGOON, Ariz., July 19, 2004 (PRIMEZONE) -- Nord Resources Corporation (Pink Sheets:NRDS) is pleased to announce it has issued Tender/Contract Documents to four mining contractors for mining at the Company's Johnson Camp Copper Mine located in Southern Arizona. These contractors have extensive experience and proven track records in large scale open pit mining.
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.
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.